Explanation
This legislation authorizes the Director of the Department of Development to enter into contract with Red, White & BOOM, Inc. to assist in defraying the costs associated with organizing, promoting and executing Red, White & BOOM! 2018.
Over the last 37 years Red, White & BOOM! has become a signature event for the City of Columbus and a staple Independence Day celebration throughout central Ohio and the Midwest. The day-long event attracts more than 400,000 people to downtown Columbus, making it the largest single-day event in central Ohio. Of those 400,000 visitors, approximately 100,000 are from outside of central Ohio, and the event is often utilized by Experience Columbus in promotional materials to attract prospective sporting events, conferences and conventions that are considering Columbus as a destination. Moreover, in the last decade, Red, White & BOOM! has grown significantly, generating more than $10 million in economic impact to central Ohio annually, and over $150 million over the last 20 years.
Fiscal Impact: Funding is available within the Neighborhood Initiatives subfund.
Emergency action is requested to ensure that financial support can be provided to Red, White & BOOM, Inc. as event planning and execution is already underway.
Title
To authorize the Director of the Department of Development to enter into an event support contract with Red, White & BOOM, Inc. for the purpose of planning, promoting and executing Red, White & BOOM! 2018; to authorize the appropriation and expenditure of $5,000.00 within the Neighborhood Initiatives subfund; and to declare an emergency. ($5,000.00)
Body
WHEREAS, over the last 37 years Red, White & BOOM! has become a signature event for the City of Columbus and a staple of the Independence Day celebration throughout central Ohio and the Midwest; and
WHEREAS, this day-long event attracts more than 400,000 people, including 100,000 visitors from outside the region, making it the largest single-da...
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