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R7S-Approve Amended And Restated Booking Policy Guidelines For MBCCCOMMISSION ITEM SUMMARY Condensed Title: A Resolution Accepting The Recommendation Of The Finance And Citywide Projects Committee, And Approving Amended And Restated Guidelines For The Miami Beach Convention Center. lntended Outcome The City of Miami Beach approved the Booking Policy for the Miami Beach Convention Center on June 7, 1989, which was subsequently revised on October4, 1989, June 6, 1990, July 8, 1992, June 3, 1998, May 12, 1999, July 7, 1999, and April 16, 2001. The renovation and expansion of the Miami Beach Convention Center Renovation will begin immediately following Art Basel in Miami Beach 2015 and is expected to be completed in 2018. Group business generally books their events more than 24 months (2 years) into the future and the City needs to decide, in very near future, what if any changes to the Booking Policy should be considered in order to set booking goals for the Greater Miami Convention and Visitors Bureau (GMCVB) and Spectra (formerly Global Spectrum). The current Booking Policy includes First Priority designation for long standing shows, defined as one which has a minimum of 20 consecutive yea/s usage in Convention Center under the same ownership (Grandfathered First Priority) and this is a rather unique aspect of our policy and not something found in other destination's booking policies. The Convention Center is below the national average as it pertains to the total number of annual conventions held in the Center. The Amended and Restated Booking Policy Guidelines include the following:1. Clarifies room night requirements for First Priority designation;2. lncludes a second and third priority booking category with corresponding room night requirements;3. lncludes the addition of a Marquee Events category, which upon the written recommendation of the City Manager and a 5/7ths vote of the City Commission, grant First Priority status to unique, high profile events that the City determines will bring significant benefit to the City and/or Miami-Dade County in terms of overall economic impact; 4. Requirement of an executed License Agreement with the Convention Center to be considered a confirmed booking;5. Reduction of move-in and move-out days required for an event;6. allows for the rooms night verification to be used as a method of confirming peak room nights generated as a result of the event. City staff and the City Attorney finalized the Booking Policy, and the CCAB unanimously recommended in favor of the revisions. Finally, the City, Spectra (formerly Global Spectrum) and National Marine Manufacturers Association (Miami lnternational Boat Show) executed a Termination and Release Agreement, which terminated the License Agreement with the Miami lnternational Boat Show for 2016 and gave them a Right of First Refusal lor 2018 and 2019. A6ENDA rrem RJ S lmprove Alliance With Key Business Sectors, Namely Hospitality, Arts, & lnternational Business With A Focus On Enhanced Entertainment, & Tourism Supporting Data (Surveys, Environmental Scan, etc.): The 2009 Community Satisfaction Survey reported of resident respondents feel the tourism industry contributes "about the right amount" to the quality of life, 13.3% indicated the tourism industry contributes "too little" to the of life. Item Summary/Recommendation : The Finance and Citywide Projects Committee discussed the Convention Center Booking Policy at several meetings and ultimately recommended approval of the revisions to the Convention Center Booking Policy at the April8,2015 meeting. Financial lnformation: Source of Funds: Financia! lmpact Max Sklar, Tourism, Culture and Economic Development Director E MIAMIBEACH oerc 14'lS977 r915.2015 City of Miomi Beoch, ,l700 Convention Center Drive, Miomi Beoch, Florido 33,l39, www.miomibeochfl.gov COMMISSION MEMORANDUM TO: FROM: Honorable Mayor Philip Levine and Jimmy L. Morales, City Manager DATE: September 2,2015 SUBJECT: A RESOLUTION OF THE MA AND CITY COMMISSION OF THE CIry OF MIAMI BEACH, FLORIDA, ACGEPTING THE RECOMMENDATION OFTHE FINANCE AND CITYWIDE PROJECTS COMMITTEE, AND APPROVING AMENDED AND RESTATED BOOKING POLICY GUIDELINES FOR THE MIAMI BEACH CONVENTION CENTER. RECOMMENDATION Adopt the Resolution. FUNDING N/A BACKGROUND The City approved the Booking Policy for the Miami Beach Convention Center on June 7, 1989, which was subsequently revised on October 4, 1989, June 6, 1990, July 8, 1992, June 3, 1998, May 12, 1999, July 7, 1999, and April 16,2001. The most recent revision on April 16,2001 was approved pursuant to Resolution No. 2001-24394 which clarified designation of First Priority status and City Manager discretion concerning same. The Booking Policy has not been revised since 2001. As you know, in April 9,2014, Request for Qualifications No. 2014-1 42ME for the Design Criteria Professional (DCP) services for the Miami Beach Convention Center Renovation was awarded to Fentress Architects. Construction is anticipated to begin immediately following Art Basel in Miami Beach 2015 and is expected to be completed in middle 2018. Group business generally book their events more than 24 months (2 years) into the future. With that in mind, the City needs to decide, in very near future, what if any changes to the Booking Policy should be considered in order to set booking goals for the Greater Miami Convention and Visitors Bureau (GMCVB) and Spectra (formerly Global Spectrum). ln considering potential changes the type of event (convention, trade show and consumer shows) determines what demands the facility and surrounding area are likely to experience and what kinds of attendees and exhibitors can be expected. To a large degree the Center must also consider the overall economic impact the show will have to the City at large. Tax generation and City fees inclusive of the additional sales tax revenue from visitors and increased local consumption patterns can provide a significant the City Commission 978 City Commission Meeting Convention Center Booking Policy September 2,2015 Page 2 of 4 amount of revenue to the City and the local businesses. The propensity of the various attendees and exhibitors to spend money in local businesses, hotels, shops, restaurants, tourist attractions, use of local public transportation (taxis, and rental cars) and entertainment establishments need to be considered and included in the overall assessment of the show as a net revenue contributor to the local economy. The purpose of the Convention Center is not to make money, but to generate business for our hotels and restaurants, which in turn generates resort tax revenue. Below is a table event im Example 2014 Average Attendance * Economic lm Building Revenue arnve Traffic I* Excludes Aft Basel and the Boat Show with 70,000 and 140,000 in attendance respectively. The current Booking Policy includes First Priority designation for long standing shows, defined as one which has a minimum of 20 consecutive year's usage in Convention Center under the same ownership (Grandfathered First Priority). lf the show has multiple events in MBCC in a calendatyear, the first priority designation applies to only one of the show events in the calendar year. This is a rather unique aspect of our policy and not something found in other destination's booking policies. These grandfathered events include Antique Show, Miami lnternational Boat Show, Jewelry lnternational Show, Miami Auto Show and the Home Show. With the exception of Jewelry lnternational Show, all are consumer shows. The Convention Center is below the national average as it pertains to the total number of annual conventions held in the Center. ln considering Booking Policy changes, the City Commission should also be aware that Grandfathered First Priority shows are currently able to obtain License Agreements for use of the Convention Center up to 36 months prior to the show. Group business (conventions) typically book shows at least 24 months in advance. A large group attempting to book during a date pattern conflicting with a Grandfathered First Priority show, even if they contract for more hotel rooms on peak, would not be able to book in the Convention Center unless the Grandfathered First Priority agrees to move their dates. There have been examples in the past where Grandfathered First Priority shows have accommodated the destinations desire to book another show during their dates, but there are also examples where the destination has lost conventions as a result of this policy. The Administration believes that peak room nights should be the overarching requirement used to determine whether an event receives First Priority designation. Additionally, the Booking Policy also allows for the rooms night verification to be used as a method of confirming peak room nights generated as a result of the event. The City 979 City Commission Meeting Convention Center Booking Policy September 2,2015 Page 3 of 4 has a prescribed verification process that is used which allows an independent third party accounting/auditing firm licensed in the State of Florida to be used to verify the peak room nights. Audited reports will be submitted to the City along with the statement from the auditor indicating their validation of the method of data collection, the accuracy of the data as determined by their testing of the data, and their agreement with the conclusions of room night consumption as presented by the client. The Administration worked with Spectra (formerly Global Spectrum), the GMCVB and Strategic Advisory Group to prepare revisions to the Booking Policy that prioritizes room night generating business. A draft of these changes is attached at Exhibit "1". The following highlights the changes being recommended: o Addition of a second and third priority booking category. Addition of a Marquee Events category, which upon the written recommendation of the City Manager and a 5/7ths vote of the City Commission, grant First Priority status to unique, high profile events that the City determines will bring significant benefit to the City and/or Miami-Dade County in terms of overall economic impact.. Requirement of an executed License Agreement with the Convention Center to be considered a confirmed bookingo Reduction of move-in and move-out days required for an event The Finance Committee discussed the Convention Center Booking Policy at several meetings and ultimately recommended approval of the revisions to the Convention Center Booking Policy at the April 8, 2015 meeting, with a provision that final review is done by City Attorney's Office. The Committee also requested an agreement between the city and the Boat show be finalized before the item goes to commission. Staff worked with the City Attorney to finalize the Booking Policy and also presented the final version to the CCAB. The CCAB unanimously recommended in favor of the revisions. Finally, the City, Spectra (formerly Global Spectrum) and National Marine Manufacturers Association (Miami lnternational Boat Show) executed a Termination and Release Agreement, which terminated the License Agreement with the Miami lnternational Boat Show for 2016 and gave them a Right of First Refusal for 2018 and 2019. CONCLUS!ON The Administration recommends the Mayor and City Commission approve the Amended and Restated Convention Center Booking Policy. JLM/KGB/MAS 980 City Commission Meeting Convention Center Booking Policy September 2,2015 Page 4 of 4 T:\AGENDAV0l S\September\TCED\Booking Policy City Commission Memo.docx 981 RESOLUTION TO BE SUBMITTED 982