The project announced Tuesday in the Ozark Mountains of Missouri will include the first public access golf courses designed by Woods's TGR Design.
On Tuesday, during a news conference for a course he's designing in Branson, he took a few swings on camera - the first time following his injury layoff extending from earlier this year.
The site of the course will be Big Cedar Lodge in Ridgedale.
As a designer, Woods has completed two courses: Bluejack National near Houston, Texas and Diamante's El Cardonal in Mexico.
Woods shared a long embrace and chat with Tracey Stewart before the announcement began, and spoke of how much having Stewart's name on the course means to him. Everyone knows that I'm pretty dedicated to the things I care about.
Payne's Valley is scheduled to open in 2019.
For those wondering why Tiger Woods has been rumored to be hanging out in Branson, Missouri, the wait is over.
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"If this land was not really special, I don't think this man would be here", said Morris on Woods' involvement.
At the event, Woods hit two shots into a picturesque par three, with the first bouncing off some rocks and the second coming to rest ten feet from the pin.
The announcement was less about Woods' health and future, though, than the newest course design for his company, TGR Design.
The 14 major titles are second only to the 18 won by Jack Nicklaus - who coincidentally is in the area for this week's Bass Pro Shops Legends of Golf at Big Cedar Lodge. It was really cool to go and play a country club because the greens were so nice and manicured and I had never seen anything like it.
The course will bear Payne Stewart's name.
"I grew up playing public golf".
The golf course development has kept Woods busy as he recovers from back surgery.