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Stock impact report

Brown grass caused the PGA Tour to pull out of a historic Maui golf course, leaving a $50 million hole for the island reeling from drought, wildfires [Fortune]

Maui Land & Pineapple Company, Inc. (MLP) 
US:NYSE Investor Relations: zillow.com/maui-county-hi/land
Company Research Source: Fortune
The course is so renowned that The Sentry , a $20 million signature event for the PGA Tour, had been held there nearly every year for more than a quarter-century. “You have to see it to believe it,” said Ann Miller, a former longtime Honolulu newspaper golf writer. “You're looking at other islands, you're looking at whales. … Every view is beautiful.” Its world-class status also depends on keeping the course green. But with water woes in west Maui — facing drought and still reeling from a deadly 2023 wildfire that ravaged the historic town of Lahaina — keeping the course green enough for The Sentry became difficult. Ultimately, as the Plantation's fairways and greens grew brown, the PGA Tour canceled the season opener, a blow that cost what officials estimate to be $50 million economic impact on the area. A two-month closure and some rain helped get the course in suitable condition to reopen 17 holes earlier this month to everyday golfers who pay upwards of $469 to play a ro Show less Read more
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