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File #: 24-1611    Version: 1 Name:
Type: Recommendation Status: Passed
File created: 10/23/2024 In control: Convention Center
On agenda: 11/19/2024 Final action: 11/19/2024
Title: Approval of the Tourist Development Tax Sports Incentive Committee's recommendations for sports incentive funding pursuant to the terms and conditions of funding agreements between Visit Orlando and the following applicants and authorization for Visit Orlando to enter into such agreements as follows: (1) $15,000 per year, for a total amount of $30,000 over two years, to be used to offset marketing and promotional costs for the 2025 and 2026 WBCA Orlando Showcase; (2) $30,000 for a bid fee for the 2026 USA Volleyball All-Star Championships; and (3) $150,000 for a bid fee for the 2025 NXT Finals. (Fiscal and Operational Support Division)
Interoffice Memorandum

DATE: November 19, 2024

TO: Mayor Jerry L. Demings and County Commissioners

THROUGH: N/A

FROM: Ray Walls, Deputy Director, OCCC

CONTACT: Ray Walls

PHONE: 407-685-5684

DIVISION: Fiscal and Operational Support Division

ACTION REQUESTED:
title
Approval of the Tourist Development Tax Sports Incentive Committee's recommendations for sports incentive funding pursuant to the terms and conditions of funding agreements between Visit Orlando and the following applicants and authorization for Visit Orlando to enter into such agreements as follows: (1) $15,000 per year, for a total amount of $30,000 over two years, to be used to offset marketing and promotional costs for the 2025 and 2026 WBCA Orlando Showcase; (2) $30,000 for a bid fee for the 2026 USA Volleyball All-Star Championships; and (3) $150,000 for a bid fee for the 2025 NXT Finals. (Fiscal and Operational Support Division)
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PROJECT: Sports Incentive Committee Funding Requests

PURPOSE: On November 1, 2016, the Board authorized consolidated sports funding under the tourist development plan for incentivizing sporting events in Orange County venues. Since 2017, Visit Orlando has provided professional assistance in evaluating sports incentive funding proposals before the Tourist Development Tax Sports Incentive Committee (SIC). Sports incentive funds are held in a separate Visit Orlando account. On October 22, 2019, the Board approved a new tourism promotion agreement pursuant to which Visit Orlando will now administer both the evaluation of proposals and enter into funding agreements with applicants after the SIC funding recommendations have been approved by the Board. On May 21, 2024, the Board approved an amendment to the 2019 agreement with Visit Orlando whereby Visit Orlando will fund up to $10 million annually for incentivizing sporting events as part of this program and allowing that amount to grow in fiscal year 2028 based on increasing Tourist Development Tax collections....

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