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County Administrator's Report 11. 26.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	06/04/2020
Issue: Letter of Agreement with the Sun Belt Conference
From:	Janice Gilley
Department:	County Administrator's Office
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Items to Facilitate the Implementation of the Letter of Agreement With the Sun Belt Conference - Janice P. Gilley, County Administrator

That the Board take the following action:

A. Approve the Second Amendment to the Pensacola Bay Center Agreement;

B. Approve the Addendum to the Agreement allowing the Management Company to purchase and install a new scoreboard and associated items as required by the Letter of Agreement (LOA); and

C. Approve the Second Amendment to the Pensacola Bay Center Ice Hockey License Agreement.

Additional documentation to be distributed upon completion of ongoing negotiations.

BACKGROUND:

Sun Belt Conference

On February 20, 2020, the Board of County Commissioners (BCC) entered into a LOA with the Sun Belt Conference (SBC), for SBC Basketball Championships 2021, 2022, 2023, 2024, and 2025. Based on limited seating (50%) due COVID-19, a conservative economic impact study results in the SBC contributing approximately $2.95 Million in direct and indirect impacts for the 2021 championships (see Event Impact Summary by Pensacola Sports). The impact could double if there are no venue capacity limitations and more fans/spirit groups come to Escambia County for the SBC basketball championships. This analysis does not include the added value with national radio, TV and internet promotions leading up to the championships, and live coverage of the games on the ESPN family of networks.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

Second Amendment to the Pensacola Bay Center Agreement (A), Addendum to the Agreement (B), and Second Amendment to the Pensacola Bay Center Ice Hockey License Agreement (C) will be subject to Legal review and sign-off.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBC Basketball Projected Economic Impact