Title
City/County Partnership Proposal for Memorial Stadium Renovation
Body
Committee Chair:
James Mitchell, Economic Development
Staff Resource(s):
Ron Kimble, City Manager’s Office
Time: 20 minutes
Explanation
§ The Mayor referred to the Economic Development Committee review of a proposal for the City to partner with Mecklenburg County to assist with Memorial Stadium improvements that will help grow the local tourism economy.
§ On April 26, 2018, the Economic Development Committee voted to recommend a one-time contribution up to $3.0 million (from Tourism revenues) to fund the installation of a synthetic turf field.
§ This presentation will provide background on the planned renovations to Memorial Stadium and the proposed partnership terms with Mecklenburg County.
Future Action
On May 30, 2018, City Council will be requested to authorize the City Manager to negotiate and execute an inter-local agreement with Mecklenburg County to fund up to $3.0 million towards synthetic field turf.