The Arnold Palmer Invitational is a PGA Tour golf tournament. It is played each March at the Bay Hill Club and Lodge, a private golf resort owned since 1974 by Arnold Palmer in Bay Hill, Florida, a suburb of Orlando. The event was founded in 1979 as a successor to the Florida Citrus Open Invitational, which was played at Rio Pinar Country Club east of Orlando. It has had a number of different names since then, most of them including “Bay Hill”, but has played under the Palmer name since 2007. On March 21, 2012, the Arnold Palmer Invitational and MasterCard Worldwide announced an extension to MasterCard’s “Presented by” sponsorship until the 2016 tournament.