Recommendation Concerning the Funding Request for Pensacon - Commissioner Steven Barry, District 5
That the Board consider funding $5,000 for Pensacon, from Commissioner Steven Barry’s allocation of the 4th Cent Tourist Development Tax fund, and approve the Purchase Order for this purpose.
BACKGROUND:
The first Pensacon event was held in 2014 with 11,000 attendees. This year’s event had over 22,000 attendees and had a 3.8 million dollar impact to our local economy. With one third of out of town visitors from as far as San Francisco and Washington State that patronized our local hotels, restaurants and businesses.
BUDGETARY IMPACT:
The Board placed $250,000 in the 4th Cent Tourist Development Tax reserves. These funds were to be allocated by the Board for events and other tourist promotion activities.