{"id":410727,"date":"2026-07-24T12:41:07","date_gmt":"2026-07-24T12:41:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/410727\/"},"modified":"2026-07-24T12:41:07","modified_gmt":"2026-07-24T12:41:07","slug":"topgolf-project-would-put-port-at-financial-risk-san-diego-union-tribune","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/410727\/","title":{"rendered":"Topgolf project would put Port at financial risk \u2013 San Diego Union-Tribune"},"content":{"rendered":"<p>Re \u201cAfter years of silence, plan for polarizing Topgolf venue on San Diego Bay on path to approval\u201d (<a href=\"https:\/\/www.sandiegouniontribune.com\/2026\/07\/19\/after-years-of-silence-plan-for-polarizing-topgolf-venue-on-san-diego-bay-on-path-to-approval\/\" rel=\"nofollow noopener\" target=\"_blank\">July 19<\/a>): The Topgolf proposal on East Harbor Island poses a serious financial risk that the Port must evaluate before taking action to approve the project.<\/p>\n<p>Topgolf\u2019s financial reports, independent financial reviews and competition from other golf facilities confirm the Port\u2019s financial risk. After the Port agreed to study the proposed project, Callaway reduced Topgolf\u2019s corporate value by nearly $1 billion to sell it to a private equity firm in January 2026.<\/p>\n<p>National golf broker Steve Ekovich states Topgolf is \u201ca restaurant-and-bar concept carrying $30 million to $40 million in construction costs per location.\u201d In a March 2026 article, Ben Swanger wrote \u201cThe average Topgolf customer visits just 1.2 times per year.\u201d There aren\u2019t enough loyal customers to pay the construction debt. The novelty wears off and revenues drop. This pattern keeps repeating.<\/p>\n<p>The draft environmental impact report doesn\u2019t address this crucial issue. The Port shouldn\u2019t approve a gimmicky and failed concept.<\/p>\n<p>\u2014 Janet Rogers, Downtown<\/p>\n","protected":false},"excerpt":{"rendered":"Re \u201cAfter years of silence, plan for polarizing Topgolf venue on San Diego Bay on path to approval\u201d&hellip;\n","protected":false},"author":2,"featured_media":410728,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[1564,975,74,76,75],"class_list":["post-410727","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-letters-to-the-editor","tag-opinion","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=410727"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/410727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/410728"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=410727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=410727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=410727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}