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City staff says proposed LIV Golf Dallas local share will be covered without net cost to Carrollton
Summary
City staff and event organizer Outlier explained that the state’s events trust fund rules and an arrangement with the tournament promoter will allow Carrollton to forward the required local share and receive state disbursement back so the city has no net out‑of‑pocket local share cost for LIV Golf Dallas 2025.
City staff updated council on the status of the LIV Golf Dallas 2025 event trust fund application and said the city expects a mechanism that keeps Carrollton at net zero local cost for the approved local share.
Staff recalled council’s March authorization to apply for the Texas Events Trust Fund and said the governor’s office clarified that recipients may not retain amounts from a state disbursement to recover a local share. To comply, staff said Outlier, the event promoter, has proposed to pay the local share amount to the city first; the city will then remit that local share to the state as required, and the state’s disbursement will return the combined state/local amount through the city. Staff said that flow will leave the city with no net retained funds and no net budgetary exposure for the local share.
The state-approved local share amount is $83,549, staff said, and staff recommended bringing an event support contract to council authorizing submission of the contract and local share payment to the state by the June 26, 2025 deadline. James Clark of Outlier, the promoter, attended the meeting and told council permitting and event planning were moving forward and that special event permits had been filed.
Council members asked about the event’s ownership and funding. Council and Outlier representatives stated that LIV is backed by external investors; Outlier said the promoter is not seeking additional financial exposure from the city beyond the disbursement mechanics described. City staff said the mechanism will be documented in the event support contract and in the state submission.
Staff recommended council approve the event support contract authorizing the local share payment to meet the state deadline; staff emphasized that the proposed approach is intended to result in zero net local fiscal impact to Carrollton.
