SUBJECT:
Title
Request Approval of Tourist Development Council Funding Request for the USA Swimming Futures Championships Hosted by CSF Aquatics, LLC (Budget Impact - Neutral; expenditure of $25,000)
Body
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INITIATOR: |
DEPARTMENT: |
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Loretta Shaffer, Director |
Tourist Development |
DESCRIPTION/BACKGROUND:
The Tourist Development Council (TDC) seeks funding approval for organizations that have festivals, events, or programs which support the TDC’s mission of growing the economy and accelerating prosperity in Marion County through effective destination sales and marketing. This funding contract is for the USA Swimming Futures Championships hosted by CSF Aquatics, LLC, to be held June 23-26, 2025, at the Florida Aquatics Swimming and Training facility. The estimated economic impact for this event is $2,140,397 and is anticipated to produce a 121% return on investment. The funding program promotes tourism in the State and Florida and a primary purpose of this event is to attract tourists. This event was recommended for funding in the amount of $25,000, by the TDC at their regularly scheduled meeting on February 27, 2025.
BUDGET/IMPACT:
Neutral; expenditure of $25,000. Funding from CP155552-548101.
RECOMMENDED ACTION:
Recommended action
Motion to approve the Tourist Development Council funding request and authorize the Chairman and Clerk to execute attached funding agreement.
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