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HomeMy WebLinkAboutVail America Days_Highline- 2.11.13_finalVAIL COMMISSION ON SPECIAL EVENTS 2013 FUNDING APPLICATION Please type directly into application, delete surrounding pages, and save as PDF. Applications must be submitted digitally in this format with all attachments saves as PDF and compiled into one PDF document.  NAME OF EVENT: Vail America Days  PROPOSED DATE(S): Thursday, July 4 – Saturday, July 6  AMOUNT OF CASH FUNDING AVAILABLE: $40K  PRODUCING ENTITY 1. President or Executive Director’s Name: Jeff Brausch 2. Name and Title of Person Completing the Application: Founder 3. Business Address i. Physical address: 12 Vail Road, Ste 500, Vail, CO 81657 ii. Mailing address: 12 Vail Road, Ste 500, Vail, CO 81657 4. Contact Info  Telephone  Main: 970/476-6797 xt.103  Cell: 970-393-2128  Fax: 970-476-6890  E-Mail Address: jeff@gohighline.com 5. Event and/or Organization WEBSITE: www.gohighline.com/ Event web TBD 6. Number of years your organization has been in business: 15 7. Mission Statement: To foster a culture in which Highline team members are challenged to excel in providing all customers with exceptional service, extensive knowledge and an unwavering commitment to ethical excellence…not only to complete client satisfaction-but beyond all expectations! 8. Organization's tax status. Please attach current State Department of Revenue Certificate with this application TAX ID: 84-1331831  Non-Profit (501C-3): Click here to enter text.  Not-for-Profit (501C-6) organization: Click here to enter text. 9. Does the Event benefit a charity? If yes, please name the beneficiary Yes, TBD  EVENT DESCRIPTION 1. Description of the event and its activities: Vail America Days– A destination event featuring a variety of family-focused entertainment including the annual Fourth of July parade, fireworks, entertainment throughout the afternoon, children’s activities, food and beverage hospitality and more. The proposed 2013 event takes what is a very popular day in Vail to the next level enticing guests to stay throughout the weekend by offering a wide variety of activities for families and adults to enjoy. With increased sponsorship, expanded activation and a well-executed parade this will be an enhanced atmosphere for all. With the Vail visitor in mind, we want to offer them reasons to stay in town and enjoy all that Vail has to offer. This Fourth of July Festival will offer a framework for guest to enjoy the Village and other specific zones within town, even after the parade. When the parade concludes, the event will extend to a variety of different areas in Vail themed with Red, White and Blue. The specific areas will highlight anything from entertainment and a beer garden for adults to kick back to a family picnic atmosphere to a kid’s zone with plenty of traditional games for the family to enjoy. The sponsorship strategy includes reaching out to current partners as well as a wide variety of local connections to enhance event activations in a multitude of ways through an official beer partner, official vehicle partner and variety of vendors/brand activations to enhance the separate zones of entertainment for families. 2. Where will the event be located within the Town of Vail? Vail Village & Lionshead 3. Will any portion of the event take place outside of the Town of Vail? If yes, please explain. Portions of the event will take place on Vail Mountain 4. Will additional in-kind services be required from the Town of Vail? If yes, please explain, including a description of anticipated impacts on Town of Vail services: i.e. bus service, parking, traffic control, street closures, police services, etc. (The event promoter will be charged for all labor, materials and equipment unless such services are specifically exempted and approved as part of the Special Event Permit.) We will require barricades to control the perimeter of the events as well as TOV police support for crowd control at these same events and would like to request additional assistance with police, potential street cleaning etc. 5. People:  Number of participants (athletes, artists, exhibitors, etc.) anticipated: 2,000  Number of volunteers needed: 50  Number of event staff: 75  Total Number of spectators/attendees anticipated and estimate o % Local: 20% o % In-state (non-local): 20% o % Out of State: 60% 6. Brief description of potential benefits to the Town of Vail, including an estimated # of incremental room nights and increased spending generated. 2013 Estimated Incremental Spending Incremental Room Nights Estimated attendance: 106,000 Those who came just for the event: 50% Those staying in Town of Vail lodging: 50% Average nights stay in Vail: 3 Total Incremental Room Nights: 37,500 (2ppl/room) Incremental Spending Estimated attendance per day: 35,000 Average amount spent: $150 Event Days: 3 Total Incremental Spending: $15,750,000 Average lodging price per night: $150 Incremental room nights: 37,500 Subtotal spent on lodging: $5,625,000 Number of days in Vail not for event: 1.0 Number of people staying additional days: 10,000 Average amount spent per day: $150 Subtotal spent on non-event days: $1,500,000 Total Estimated Incremental Spending: $22,875,000 7. What return on investment should the Town of Vail expect? 2013 Town of Vail Return on Investment Town of Vail Investment $76,000 Total Value of Media, Public Relations and Event Related Impressions for a top-tier Presenting Sponsor (such as the Town of Vail) (measured by Event Industry-accepted means). This number is based on the projected PR and marketing for this event and estimates from this event last year and other similar events. $500,000 Return on Investment through Media, PR and Event Related Impressions alone: 5.6-to-1 Est. Incremental Room Nights Generated 37,500 Incremental Spending Generated 22,875,000 Tax Receipts (Sales - 4%, Lodging – 5.4%) $993,750 Return on Investment through Incremental Spending in the Town of Vail: 12-to-1  BUDGET Please attach a complete and detailed event budget, including anticipated revenues and expenses and fill out below. 1. What % of the total event budget is the CSE being asked to fund? 50% 2. Describe briefly how you will use the funds that you are requesting from the CSE. To mitigate the marketing and operational expenses associated with the successful production of the event. 3. What is the $ amount of sponsorships from alternative sources reflected in the event budget? 33% 4. What % of the total event budget do you expect the event itself to generate? (i.e. ticket sales, merchandise, food and alcohol sales, etc.) 16.5% 5. If possible, would you intend to host the event in Vail beyond 2013? If yes, for how many years beyond 2013? Yes, as many as years as it makes sense financially and to the TOV and Highline. 6. Do you anticipate requesting funding from the CSE next year? If yes, given that the CSE encourages the development of additional sponsors in order to leverage their own investments, and anticipates that as events become established they will become less reliant on public funds, what %, if any, of the total event budget do you anticipate requesting next year? 40%  ADDITIONAL REQUIRED ATTACHMENTS 1. Explanation of how you will direct prospective attendees to book lodging within the Town of Vail and a description of how you will track the number of lodging nights generated Non-local attendees will be directed to Vail lodging options via call-to-actions placed in event advertising and collateral materials. These items to include newspaper print ads, website, posters, handbills, social media and more. 2. Marketing plan and detailed explanation of potential for sponsorships and media exposure An extensive, traditional media campaign will be run for the event featuring print (newspaper and magazine), radio and television. The campaign will focus on national, regional and local media outlets. Over $300,000 in media value is expected to be delivered by this integrated campaign. A national, regional and local PR blitz will be launched for the 2013 Vail America Days event. The campaign is expected to generate over $200,000 in equivalent media value. Vail America Days will push the social/digital media envelope with Facebook and Twitter. A dedicated website will support the event. Direct broadcast emails will be sent to lists, including those owned by Highline - targeting our audience. Numerous collateral and competitor materials will be disseminated throughout the region, including postcards and posters. Town of Vail CSE Revised 2013 Vail America Days RFP Page 5 3. Past or projected demographics of event attendees and spending Vail America Days is expected to capture a wide range of attendees to include young singles as well as couples and families. We anticipate the Average age will be 40 with HHI of $100,000++. 4. Organization rosters naming: All officers and respective positions: HIGHLINE Principals/Board of Directors: Jeff Brausch, President/CEO James Deighan, Partner/VP Carolyn Coyne, Partner HIGHLINE Employees: Peggy Wolfe, Director of Events Greg Schwartz, Event Director Katie Tille, Executive Producer John McGuire, Executive Producer Missy Johnson, Sponsorship Manager Jim Nagy, Account Manager Ryan McNamara, Production Assistant Mike Gregory, Sales Account Executive Kelli Brausch, Controller/CPA The CSE requires the inclusion of electronic PDF low-resolution format, of any additional support materials such as DVD’s, programs, news articles and other printed materials. These items should be compiled into a single PDF. Town of Vail CSE Revised 2013 Vail America Days RFP Page 6 Town of Vail: Commission on Special Events 2013 Event Funding Guidelines Our Values: Integrity~Collaboration~Accountability~Respect CSE Mission The Vail Commission on Special Events is accountable to deliver an annual Special Events Plan which ensures world class events that are fully aligned with Vail’s brand. The CSE shall effectively and efficiently allocate available budget behind this objective. The Events Plan will deliver measureable results in terms of specific goals: economic impact, optimization of the seasonal calendar, positive community experience and integration, as well as positive guest-centric results that lead to future loyalty. CSE Objectives 1. Align events with the Vail Brand 2. Drive Positive Economic Impact - occupancy - - sales tax - - group business 3. Generate Funding leverage 4. Attract destination guests who book overnight rooms; in-state and out of state 5. Achieve an optimal event calendar 6. Achieve a superior community and guest experience To qualify for funding review, events must support the CSE’s strategic priorities and meet the following requirements:  Funding allocations will be dispersed only to the entity whose name appears on the application. All Town of Vail permits and documentation required for the production of the event must be filed under the name of the event producer as it appears on the funding application. In consideration of the receipt of funds from the CSE, the Event Promoter shall agree to:  Comply in a complete and timely manner with all Special Event Permit requirements of the Town of Vail.  Comply with the CSE Marketing Checklist as defined in agreement.  Attend Event Summit jointly hosted by CSE and VLMD.  Ensure that the event is listed on the online community event calendar.  Agree to the placement of the Town of Vail logo on marketing and promotional materials associated with the event as appropriate to the level of sponsorship.  Provide the CSE with copies of any film or photographs from the event for the purpose of promoting the Town of Vail. Accountability: All event producers receiving funding will be expected to present to the Commission on Special Events within 60 days of the close of their event a written, post-event follow-up document as defined on event recap template provided in agreement. Town of Vail CSE Revised 2013 Vail America Days RFP Page 7 2013 Vail America Days Estimated Budget REVENUES: CSE Contribution $ 50,000 Fireworks Credit 26,000 Event Sponsorships (Net) 50,000 F&B Net Sales 20,000 Other Income: Entries, Merchandise, Expo 5,000 TOTAL REVENUES: $ 151,000 EXPENSES: Advertising/Promotions $ 15,000 Printing/posters/postcards Newspaper ads/insert Radio ads Social/Digital Public Relations Design/Layout Event Supplies 5,000 Signage Street banners Decorations Merchandise Operating Expenses 80,000 Parade Entertainment Street Party Entertainment Kids Zones Lodging Stage/Sound/Lights Equipment Rental Security/Traffic Control Fireworks 26,000 Administrative Expenses 25,000 Staffing Permits Agency Fees Insurance Legal/Accounting TOTAL EXPENSES: $ 151,000 TOTAL NET PROFIT (LOSS) $ -