Board of Directors Meeting Agenda


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Meeting Date: 05/23/2018  

SUBJECT MATTER:
Receive, consider and act upon a briefing on the 2018 Memorial Hermann Ironman Texas; 
FISCAL IMPACT:
The economic impact of the Memorial Ironman Texas event to the region is estimated to be $15.9 million.  The Woodlands Convention and Visitor's Bureau provides the event $30,000, per the Host Venue Sponsorship Agreement as amended.  The Ironman Foundation in turn provides over $100,000 in donations to local charities.  
BACKGROUND:
The Woodlands Township and Woodlands Convention and Visitors Bureau entered into a five-year agreement with the World Triathlon Corporation (WTC) to host the Memorial Hermann Ironman Texas. The first event was held in May 2011. The Boards approved a five-year extension for years 2016 through 2020 (Attachment A).

The dates for future events are:

Saturday, April 27, 2019
Saturday, April 25, 2020

WTC has requested that a portion of the bicycle route for the 2019 event be able to utilize the Hardy Toll Road again.  Harris County Commissioners has yet to consider the request. The remainder of the route is under review by Montgomery County.

As part of the "After Action" meetings and evaluations of the event, a collection of facts are gathered from the many organizations involved in the production of the event (Attachment B).  A presentation by Ironman representatives will be provided at the Board meeting. 
RECOMMENDATION:
Receive and accept the report.
Attachments
Attachment A - Host Venue Sponsorship Agreement Ironman Texas Third Amendment
Attachment B - 2018 Memorial Hermann Ironman Texas The Facts


    

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