Curry and the Tour had selected a site—Lake Merced Golf Club in Daly City, Calif., near San Francisco—and a mid-September date for the tournament. The Tour was planning on formally introducing the new event in the next few weeks, but negotiations with would-be title sponsor Workday unexpectedly fell through, according to the Chronicle, and a replacement sponsor could not be found in ample time to host the event this fall.
The Tour denied that sponsorship issues were the reason for the cancellation, instead citing a simple shortage of time to prepare for a brand-new event.
“We are still committed to bringing an event to San Francisco,” Curry told The Chronicle. “It just won’t be this year.”
Lake Merced's membership voted to approve a $3.8 million course improvement plan, of which $2.8 million was to be paid by Octagon, a sports management company that would have run the event. It is unclear whether that project will move forward now that the event is not happening.
There's a chance the tournament could happen at Lake Merced in 2020, or it could debut as late as 2021 at Harding Park, which is contractually prohibited from hosting a PGA Tour event before the public course hosts the 2020 PGA Championship. Curry, a scratch handicap who has competed in the Web.com Tour's Ellie Mae Classic each of the past two years, has said he would prefer to host the event at a public course in keeping with his mission of growing the game.