Rendering courtesy of City of Charlotte/Mecklenburg County

Beemok Sports is asking the city of Charlotte to contribute roughly $130 million toward a four-stadium tennis campus at the River District.

The Charleston, South Carolina, firm is looking for a new home for the Western & Southern Open. The rights to the tournament, which is currently hosted in the Cincinnati area, were acquired by Beemok from the United States Tennis Association in September.

The Western & Southern Open takes place over a two-week period each August. It could potentially bring an annual economic impact of around $265 million per year, drawing approximately 350,000 attendees.

“Charlotte is trying to establish itself as a world city,” city council member Ed Driggs said. “You take an event like this and that’s a step in that direction. That’s an important step because of the international audience there is for tennis.”

The $130 million “Project Break Point” is asking the City of Charlotte and Mecklenburg County for is about one-third of the total price tag of $400 million.

The campus would host 200 events a year, including collegiate and junior championships, pickleball matches, festivals and concerts, Beemok’s Ford Perry said during a joint city and county economic development committee meeting on May 10.

Beemok Capital is owned by Charleston billionaire Ben Navarro, who tried to buy the Carolina Panthers in 2018.

 Read More