Item Coversheet

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.