Subject:
Title
Approval, Re: Awarding Tourism Development Tax Cultural Event Funds for the 2021 Cocoa Beach Air Show
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Fiscal Impact:
$94,169 from the Cultural Fund 1446/293020
Dept/Office:
Tourism Development Office
Requested Action:
Recommendation
Request the Board of County Commissioners approve the Tourist Development Council's recommendation to approve funding a grant for the 2021 Cocoa Beach Air Show, as well as make the necessary legislative findings that this is a special event, whose main purpose is the attraction of tourists, and that it will be promoted to tourists. Additionally, request authority for the Director, Tourism Development Office to negotiate and sign the necessary grant agreement, and related documents and authorize the County Manager to execute necessary budget change requests, to support the grants upon County Attorney and Risk Management approval.
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Summary Explanation and Background:
The 2021 Cocoa Beach Air Show is being held in Cocoa Beach on April 17-18 for the first time since 2012. The Air Show is open to the public at no charge, although there are VIP tickets available for special viewing. The show is the first major event to happen in that area since COVID began and falls 2 weeks after Easter which is a need period. The event organizer has a long history of experience with operating air shows in Brevard County, as well as in other venues such as Ft. Lauderdale, Orlando, New York and Maryland. One of the special event's main purpose is the attraction of tourists and it will be promoted to tourists. It is estimated the show will generate approximately 40-50,000 attendees per day. Using the lower number of 40,000 and estimating 30% of those people coming from outside the county and staying overnight for an average of 2 nights, would result in visitor spending of approximately $4.4 million, or an ROI of 44:1.
The TDC at the February 10 meeting voted 8-0 with 1 abstention due to a conflict to award these funds on the...
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