NEW ORLEANS - The LIV Golf tournament to be held in New Orleans City Park over the summer has been postponed, officials said Tuesday. 

A statement from Governor Jeff Landry and Louisiana Economic Development Secretary Bourgeois said the state paid LIV Golf $3.2 million ahead of the event.

Leaders said $2 million of the cost was set aside for improvements to City Park, which will continue as planned. The other $1.2 million is expected to be paid back by LIV Golf. 

Landry and Bourgeois said LIV Golf is exploring a potential event for the fall.

"We appreciate LIV’s good-faith efforts and look forward to maintaining our partnership as we continue conversations around an event later this year."