Mason Secures Western & Southern Open Tennis Tournament with Lucrative Deal
Additional Perks and Tax Breaks Worth Over $42 Million
MASON — Beemok Capital’s decision to keep the Western & Southern Open tennis tournament in Mason has come at a significant cost. The business retention effort, announced a month ago, has revealed the price tag of the deal.
The state and local governments have pledged $130 million in “public financial contributions” towards the tournament. In addition to this, Beemok has been promised favorable tax treatment and a new funding source to cover its operating, maintenance, and capital expenses in the future.
The memorandum of understanding (MOU) approved by Warren County Commissioners outlines these additional perks, which are aimed at preventing the deterioration of the Lindner Family Tennis Center over the 25-year term of the agreement.
Warren County Commissioner David Young stated, “They’re going to take some risk operationally. But we’re going to backstop it. I think this is