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Travel Dubuque Letter of Support for Five Flags Center Redevelopment Copyrighted August 20, 2018 City of Dubuque Consent Items # 5. ITEM TITLE: Travel Dubuque Letter of Supportfor Five Flags Center Redevelopment SUMMARY: Correspondence from the Travel Dubuque Board / Convention and Visitors Bureau in support of a Five Flags Civic Center redevelopment. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File ATTACHMENTS: Description Type Travel Dubuque/CVB Letter of Support Supporting Documentation i I r"`��.�..��".�'�U�� ; �� s���l� ! � ���i ��?; �;� i ���� ` �-,�. , , � ����ty �:,��rF; � �?�fi��� � � �M�M� �� ���i'�I-��=a, I'� ' I lRd'1CRL 7 E ��1��ICY I � � August 1�,za�.s Dubuque City Council Members 8c May�r Buol, I Dear Council Members& Ma or Bua[ � Y , I write an behalf of the Board of�3irectars at Travel Dubuque in support of the efforts being made to renovate or expand the Five FCags Center at its current location in Downtown Dubuq�e. With over 2 million visitars annualEy,the tourism industry has been reco�nized as infiegral component in the develQpment and continued pre�s�rerity of the Dubuque regian. To stay campetitive with { communities our size and larger in the region and national[y,a renavation c�r expansion to the�ive Flags li Center will keep us campetitive and may even give us an advantage when it comes to securing sporting � �vents, city wide meetings and con�rentions,ar�d other large entertainment nppartunities. � In 2016,the U.S.Travel Assoeiaticsrt rep€�rted that$338.14 million was generated in trav�ler spendir�g � alone in Dubuque Caunty.This aiso resuCted in$55.89 m�llion in payroll,emplayment�f over 2,900 individuals,$19.90 miilian in state tax receipts and$4.72 milCian in lacal tax reeeipts.With the I� opportunity ta secure farger events and thase�hat stay for.more than one day,our travef and tourism �� ecanarrry wilf increase;thus, impaet€ng funds generated for the City of�ubuque and our local � , businesses. � � History has proven that investing in o�r cammunity generates and stimulates growth through retaiC, � dining, hotel stays as well as new visitors, new businesses,and new faces for our wor!<farce. We are � confident that a significant investment made into the Five Flags Center will only continue this trend for � the CiCy of Dubuyue, P Sincerely, � � � Robert A.Grierson, Chairofthe Board Travel Dubuque