Chambers Bay Golf Resort, a planned three-story, 171-room hotel located on the Chambers Bay Golf Course in University Place, WA, will not be constructed due to financing issues. The golf course hosted the 2015 U.S. Open, generating $124 million for the region, according to a 2106 Pierce County report.

Pierce County and Puyallup-based Absher Construction made the announcement, saying in a news release, “Due to the current economic climate where lenders are pulling back and raising interest rates, we are unable to secure commercially viable financing for the project.”

“While this project may have ended, I will continue to work with the council and executive Bruce Dammeier to find ways to bring new amenities to Chambers Bay,” said Pierce County Council Chair Ryan Mello. “Chambers Bay is much more than a golf course; bringing new amenities here will improve the recreational options it provides for everyone.”

Image courtesy of Pierce County