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R7J-Approve Contribution In Support Of Inaugural Miami Beach Bowl 2014COMMISSION ITEM SUMMARY Condensed Title: A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving And Authorizing A Contribution ln The Amount Of Fifty-Five Thousand Dollars ($55,000), To The Miami Beach Bowl, ln Support Of The lnauqural Miami Beach Bowl 2014. Maximize Miami Beach as a Destination Brand Supporting Data (Surveys, EnvironmentalScan, etc.): N/A Item Summary/Recommendation : The Miami Beach Bowl is a newly created postseason college football game under the ownership of the American Athletic Conference, which will take place at Marlins Park on December 22,2014. The Miami Beach Bowl has signed a 6 year contract with Marlins Park along with an 8 year deal with ESPN to broadcast the game. Bowl games of this size create in the neighborhood of 322,000,000 media impressions for city name incorporated bowl names/logos. The Washington Economic Group conducted a study anticipating over $23,000,000 in economic impact to the area. The bowl week schedule consists of four days of activities taking place on Miami Beach, with all team travel parties, bands, cheerleaders and fans staying at Miami Beach hotel properties, including our headquarter properties, Fontainebleau, Loews Miami Beach and Eden Roc. The Miami Beach Bowl's goal is to increase awareness of Miami Beach as a travel destination while increasing economic impact during a relatively and historically slower tourism week each year (pre-Christmas). The Administration has been working with the Miami Beach Bowl to ensure a strong presence for them in the City and at the game itself. The Administration believes the City should support the inaugural Miami Beach Bowl with a contribution of $55,000. ln exchange for this contribution, the Miami Beach Bowl has agreed to recognize the City as an Associate Sponsor, the details of the recognition is attached for your review. Financial !nformation : Source of Fugilr ""6td Amount Account 1 $55,000 Resort Tax acct # 160-4300-000349 Total Financial lmpact Summary: N/A Max Sklar, Tourism, Culture, and Economic Director AGENDAITEil n r-rR1 5E MIAMIBEACH DATE713 g MIAMIBEACH City of Miomi Beoch, 1700 Convention Center Drive, Miomi Beoch, Florido 33,l 39, www.miomibeochfl.gov TO: FROM: DATE: November 19,2014 SUBJECT: A RESOLUTION OF THE MA'CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING A CONTRIBUTION IN THE AMOUNT OF FIFTY.FIVE THOUSAND DOLLARS ($55,OOO), TO THE MIAMI BEACH BOWL, IN SUPPORT OF THE INAUGURAL MIAMI BEAGH BOWL 2014. ADMINISTRATION RECOMMENDATION Adopt the resolution. FUNDING $55,000 is available in the FY 2014115 Resort Tax acct # 160-4300-000349 BACKGROUND The American Athletic Conference, also known as the AAC, is an American collegiate athletic conference with member institutions located in the northeastern, midwestern, and southern part of the United States. The AAC participates in the National Collegiate Athletic Association (NCAA) Division I in athletic competitions; forfootball, it is a part of the Football Bowl Subdivision (FBS). The AAC has member institutions that are spread throughout a wide portion of the United States. The majority of its members are located in urban metropolitan areas, or at least on the fringes thereof. The conference is one of two successors to the all-sports Big East Conference (1979-2013). While the other successor, which does not sponsor football, kept the Big East Conference name, the American Athletic Conference inherited the old Big East's structure and is that conference's legal successor. The prior league undenruent substantial turmoil during the 201 0-l 3 NCAA conference realignment period. The AAC is currently one of the six automatic qualifying conferences of the Bowl Championship Series (BCS), also known as a "Power Six Conference." The conference inherited the old Big East's BCS berth for the 2013 season. However, the new conference will lose its automatic berth as part of the upcoming College Football Playoff in 2014 and become a part of the "Group of Five", which shares automatic access to one spot in the six premier bowl games. The other four conferences in the group are Conference USA (C- USA), the Mid-American Conference (MAC), the Mountain West Conference, and the Sun Belt Conference. The Miami Beach Bowl is a newly created postseason college football game under the ownership of the American Athletic Conference, whlch will take place at Marlins Park on December 22,2014. The Miami Beach Bowl has signed a 6 yearcontractwith Marlins Park along with an 8 year dealwith ESPN to broadcast the game. 714 City Commission Meeting Miami Beach Bowl November 19,2014 Page2 of 2 Bowl games of this size create in the neighborhood of 322,000,000 media impressions for city name incorporated bowl names/logos. The Washington Economic Group conducted a study anticipating over $23,000,000 in economic impact to the area. The bowl week schedule consists of four days of activities taking place on Miami Beach, with all team travel parties, bands, cheerleaders and fans staying at Miami Beach hotel properties, including our headquarter properties, Fontainebleau, Loews Miami Beach and Eden Roc. The Miami Beach Bowl's goal is to increase awareness of Miami Beach as a travel destination while increasing economic impact during a relatively and historically slower tourism week each year (pre-Christmas). The Administration has been working with the Miami Beach Bowl to ensure a strong presence for them in the City and at the game itself. The Administration believes the City should support the inaugural Miami Beach Bowlwith a contribution of $55,000. ln exchange for this contribution, the Miami Beach Bowl has agreed to recognize the City as an Associate Sponsor, the details of the recognition is attached for your review. CONCLUSION ffi?ffisfition recommends the adoption of the attached Resotution. T:\AGENDA\201 4\November\TCEDWiami Beach Bowl Memo.doc 715 ItE ffi:iC-r(ra J)r.)' -l-l-t-t-el-t-t-.I., *:-t-t t-:, a'o (D (D .)--raaaltrratta (D (D .(DlD ,(Da(D ') ,ool"o O,., t7.'b6a(D- lt lr lr I ; N)I(n I ru; o ,-'- tDlo<i'.D (D a tD}OOO. 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A RESOLUTION OF THE MAYOR AND CIry COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING A CONTRIBUTION IN THE AMOUNT OF FIFTY.FIVE THOUSAND DOLLARS ($55,OOO}, TO THE MIAMI BEACH BOWL, IN SUPPORT OF THE INAUGURAL MIAMI BEACH BOWL 2014. WHEREAS, the American Athletic Conference, also known as the AAC, is an American collegiate athletic conference with member institutions located in the northeastern, midwestern, and southern part of the United States; and WHEREAS, the AAC participates in the National Collegiate Athletic Association (NCAA) Division I in athletic competitions; for football, it is a part of the Football Bowl Subdivision (FBS); and WHEREAS, the AAC is currently one of the six automatic qualifying conferences of the Bowl Championship Series (BCS), also known as a "Power Six Conference"; and WHEREAS, the Miami Beach Bowl is a newly created postseason college football game under the ownership of the American Athletic Conference, which will take place at Marlins Park on December 22,2014; and WHEREAS, the Miami Beach Bowl has signed a 6 year contract with Marlins Park along with an 8 year deal with ESPN to broadcast the game; and WHEREAS, the Miami Beach Bowl is expected to generale 322,000,000 media impressions for bowl names/logos with incorporated city names; and WHEREAS, the Washington Economic Group conducted a study anticipating over $23,000,000 in economic impact to the City; and WHEREAS, the bowlweek schedule consists of four days of activities taking place at Miami Beach, with all team travel members, bands, cheerleaders and fans staying at Miami Beach hotel properties, including our headquarter properties, such as Fontainebleau, Loews Miami Beach and Eden Roc; and WHEREAS, the Administration recommends that the City support the inaugural Miami Beach Bowl with a contribution of $55,000, in exchange for the City's recognition as an associate sponsor of the Miami Beach Bowl 2014. 725 NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE Clry OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission of the City of Miami Beach, Florida, hereby approve and authorize a contribution in the amount of fifty-five thousand dollars ($55,000), to the Miami Beach Bowl, in support of the inaugural Miami Beach Bowl 2014. PASSED and ADOPTED this 19th day of November,2014. ATTEST: PHILIP LEVINE, MAYOR RAFAEL E. GRANADO, CITY CLERK JLM/KGB/MAS T:\AGEN DAV0 1 4\November\TCED\Miami Beach Bowl Reso.doc APPROVED AS TO FORM & IANGUAGE & FOR EXECUTION il&llr Dote 726