Heritage official denies funding rumors

HILTON HEAD ISLAND, SC (WTOC) - Reports indicate the chairman of the Heritage Classic Foundation, Simon Fraser, says the PGA Tour is giving the thumbs up to a plan using local, state and private money to keep the Heritage on Hilton Head Isand.

However, Fraser tells WTOC that there is no such plan in place and the the PGA Tour hasn't been presented with a plan of that nature.

The idea is to use a mix of $30 million over five years if a title sponsor cannot be found by the end of the month.

Officials have been looking for a sponsor since Verizon bailed out last year. This year's tournament at Sea Pines Resort starts April 21.

Under the proposal, the town would provide $6 million over the next five years and the county another $1 million. The Sea Pines Resort would pay $3 million and South Carolina would pay $18 million.

Copyright 2011 WTOC. All rights reserved.