×
Golf Channel Mobile
Golf Channel
Free
install

GFC Search

 

Report: Augusta Nat. spends $8.3M for parking lot

RSS

Augusta National spares no expense to ensure that its tournament each April runs as smoothly as possible.

Even if it means spending $8.3 million for a parking lot.

Bloomberg News reported Tuesday that Augusta National has begun plans to demolish a 456-unit apartment complex – for which it paid $8.3 million, in February 2012 – and build a parking lot for the Masters.

A club spokesman told Bloomberg that the 9.8-acre site was to be used for parking and undisclosed support services, and that “any other commentary would be misleading and potentially create public speculation that is unnecessary.”

In the report, Bloomberg said that although the land might be used for parking in the next few years, it eventually could turn into a site for lodging or corporate-entertainment facilities.