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HomeMy WebLinkAboutCity Councilmember Item - Mayor Pro Tem Posey - Economic ImpN�;:11k6)pv OOUNtY Ca / CITY OF HUNTINGTON BEACH City Council Interoffice Communication To: Honorable Mayor and City Council Members From: Mike Posey, Mayor Pro Tern 11�� Date: October 31, 2017 Subject: CITY COUNCIL MEMBER ITEM FOR THE NOVEMBER 6, 2017, CITY COUNCIL MEETING — ECONOMIC IMPACTS OF THE HUNTINGTON BEACH AIR SHOW STATEMENT OF ISSUE: The 2ntl Huntington Beach Air Show (Air Show) concluded on October 1, 2017, and attracted hundreds of thousands of visitors over the three-day show. While the Air Show is free, the City benefits through visitors spending money on parking, dining, and shopping before, during, and after the event. The Air Show is a reminder of the City's history in aeronautics and is a proud exhibition of aviation's past, present, and future. The City is proud to host such an awe-inspiring event that draws crowds from throughout the region. It is important for the City to understand the quantitative data that supports the positive economic impact that the Air Show brings into the City and not just the qualitative anecdotes from store owners, restaurant managers, etc. In order to understand the quantitative data, an in-depth analysis must be conducted to understand the economic impact. RECOMMENDED ACTION: Direct the City Manager to conduct an Economic Analysis of the 2017 Air Show and report back to City Council in ninety (90) days. xc: Fred Wilson, City Manager Lori Ann Farrell Harrison, Assistant City Manager Robin Estanislau, City Clerk Michael Gates, City Attorney /, PPR(JvE--/T)-A to-D-/ L o'con/NEu - RE � USn)