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Agenda 10/13/2020 Item #16F 4 (TDT Funds - Sports Tourism Events)10/13/2020 EXECUTIVE SUMMARY Recommendation to approve the use of Tourist Development Tax Promotion Funds to support the upcoming November 2020 Sports Tourism Event up to $7,000 and make a finding that this expenditure promote tourism. OBJECTIVE: To support the hosting cost for sporting event in November 2020 with a goal to attract participants and spectators to Collier County through Sports Tourism. CONSIDERATIONS: Collier County is scheduled to host the following Sports Tourism Event in November 2020. The Tourism Division Sports Marketing Team has attracted this event to our community. The projected hosting costs are based on experience with these same or similar events, the event funding application request, and the projected room nights from the event orga nizer. Event expenditures are the responsibility of the event organizer to pay. The Tourism Division proposes to reimburse the event organizers for court rental costs based on the proposed rental cost from the facility and room night visitation delivered to Collier County from the event participants and fans. These expenditures are authorized to be reimbursed through the BCC approved Sports Assistance Program. Staff utilizes the BCC approved Event Application form (attached) to determine the appropriate amount of recommended funding based on a sports tourism industry standard maximum acquisition cost of fifteen dollars per room night. In the case of this event, the acquisition cost is $10 per the chart below. Funding for these sports events are subject to TDC recommendation and Board approval. Naples Invitational (BDG, LLC) is scheduled for November 23-28, 2020 for the first time at Community School of Naples. This is a men’s collegiate basketball tournament that was previously held for the last four years in Nassau, Bahamas. The event is projected to attract 8 collegiate teams, 240 participants and generate 700 room nights in the County, direct visitor spending of $310,686 and TDT revenue of $6,825. The requested reimbursement amount provided by the event organizer is $7,000 based on the court rental costs and estimated 700 room nights. Year Projected Nov 2020 Direct Spending $310,686 TDT Revenue $6,825 Room Nights 700 Acquisition Cost $10 (for $7,000) Projected Teams: Drake, Iona, Toledo, South Alabama, Drexel, Loyola Marymount, Austin Peay, 8th team TBD. FISCAL IMPACT: Funding of up to $7,000 for the November 2020 events is included in the proposed FY 21 Tourism Division budget in Fund 184 for Sports Marketing Event support. GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan with this Executive Summary. ADVISORY BOARD RECOMMENDATION: The Tourist Development Council recommended approval of this item 8-0 at the September 28, 2020 meeting. LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote 16.F.4 Packet Pg. 2148 10/13/2020 for approval. - CMG RECOMMENDATION: To approve Tourist Development Tax Promotion Funds to support the upcoming November 2020 Sports Tourism Event up to $7,000 and make a finding that this expenditure promotes tourism. Prepared by Nikki King, Sports Marketing Manager ATTACHMENT(S) 1. Naples Invitational Basketball App (PDF) 16.F.4 Packet Pg. 2149 10/13/2020 COLLIER COUNTY Board of County Commissioners Item Number: 16.F.4 Doc ID: 13723 Item Summary: Recommendation to approve the use of Tourist Development Tax Promotion Funds to support the upcoming November 2020 Sports Tourism Event up to $7,000 and make a finding that this expenditure promote tourism. Meeting Date: 10/13/2020 Prepared by: Title: Tourist Development Tax Coordinator – Tourism Name: Kelly Green 09/29/2020 12:27 PM Submitted by: Title: Division Director – Tourism Name: Jack Wert 09/29/2020 12:27 PM Approved By: Review: Tourism Kelly Green Stage 1 Review Completed 09/29/2020 12:27 PM Public Services Department Jennifer Reynolds Stage 1 Review Completed 09/29/2020 12:32 PM Tourism Jack Wert Director Review Completed 09/29/2020 5:08 PM Corporate Business Operations Sean Callahan Executive Director- Corp Business Ops Completed 10/02/2020 2:44 PM County Attorney's Office Colleen Greene Level 2 Attorney Review Completed 10/05/2020 10:32 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 10/05/2020 10:41 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 10/05/2020 11:55 AM Budget and Management Office Ed Finn Additional Reviewer Completed 10/05/2020 4:18 PM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 10/06/2020 9:45 AM Board of County Commissioners MaryJo Brock Meeting Pending 10/13/2020 9:00 AM 16.F.4 Packet Pg. 2150 16.F.4.a Packet Pg. 2151 Attachment: Naples Invitational Basketball App (13723 : Sports Event Funding Request - Additional November Event) 16.F.4.a Packet Pg. 2152 Attachment: Naples Invitational Basketball App (13723 : Sports Event Funding Request - Additional November Event) 16.F.4.a Packet Pg. 2153 Attachment: Naples Invitational Basketball App (13723 : Sports Event Funding Request - Additional November Event) 16.F.4.a Packet Pg. 2154 Attachment: Naples Invitational Basketball App (13723 : Sports Event Funding Request - Additional November Event) 16.F.4.a Packet Pg. 2155 Attachment: Naples Invitational Basketball App (13723 : Sports Event Funding Request - Additional November Event) 16.F.4.a Packet Pg. 2156 Attachment: Naples Invitational Basketball App (13723 : Sports Event Funding Request - Additional November Event)