| | | | | | | | ROWAN COUNTY
A COUNTY COMMITTED TO EXCELLENCE
130 West Innes Street - Salisbury, NC 28144
TELEPHONE: 704-216-8180 * FAX: 704-216-8195
| | |
| | | | | | | | MEMO TO COMMISSIONERS:
FROM:
| James Meacham, CEO, Tourism Development Authority | DATE:
| March 31, 2020 | SUBJECT:
| Request From TDA For Deferral and One (1) Year Extension of Railwalk Pavilion Interlocal Agreement |
| | |
| | | | | | | | In an effort to provide further support to Rowan County’s
Hospitality and Tourism Sector the Rowan Tourism Development Authority requests
the Board of Commissioners consideration of the following:
- Deferment of Railwalk Pavilion FY 2019-20
payment via a term extension of one fiscal year.
- Deferment will provide Tourism additional
operating support for the remainder of FY19-20
- All fees for services and construction for
the Pavilion have been remitted, there are no outstanding obligations and
construction is complete.
- Tourism has reduced operating costs by 50%
through reductions in labor costs including wage reductions, halting
contributions to retirement accounts, expenses reductions and furloughs
in an effort to absorb short term decreases in visitor paid occupancy
taxes while maintaining operating capital to support the tourism and
hospitality sectors.
- Tourism cost reductions provide the
capacity to continue operations and providing resources, information and
support to workers, businesses and organizations directly impacted by the
health crisis.
- County deferring the 2019-20 payment and
extending the term by one fiscal year will greatly support these efforts.
| | |
|