Officials for the LPGA Tour have said that this years Corning Classic at the Corning Country Club in May will be the last.  The 31 year-old event is the longest running LPGA event with with the same sponsor and played at the same location each year.

A representative for Corning Inc. has said that the inability to replace $500,000 in lost sponsorship revenue is the reason for discontinuing the event.  Basically, the tournament was no longer financially viable.

It will be interesting to see if other LPGA events are discontinued in these troubled times.