The USGA purchased the Manhattan landmark for $16 million from the U.S. Bankruptcy Court. The USGA submitted an initial contract for the property on Sept. 13. The bid was accepted on Oct. 29 and papers were signed Monday for the official transfer of the property.
'Were pleased to be establishing a new museum and history center in New York, the city where the Association was founded more than 100 years ago and where it had its headquarters until 1972,' said David Fay, USGA executive director. 'The new facility will help us promote the game in a new and exciting way to hundreds of thousands of visitors each year.'
The Russian Tea Room, which opened in 1926 by former members of the Russian Imperial Ballet, closed in July.