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golf course passes through a large neighborhood called Muirfield Village, which includes a 1999 bronze sculpture of Nicklaus mentoring a young golferThe Memorial Tournament is a PGA Tour golf tournament founded in 1976 by Jack Nicklaus. It is played on a Nicklaus-designed course at Muirfield Village Golf Club in Dublin, Ohio, a suburb north of Columbus. The golf course passes through a large neighborhood called Muirfield Village, which includes a 1999 bronze sculpture of Nicklaus mentoring a young golfer located in the wide median of Muirfield Drive.One of the main features of the tournament is a yearly induction ceremony honoring past golfers. A plaque for each honoree is installed near the clubhouse at Muirfield; Nicklaus himself was the 2000 honoree. The purse was increased over 37% for the 2016 edition, from $6.2 to $8.5 million.