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12201
| 1 | 1. | Hotel Feasibility Study Update - Jim Hess, Director | Miscellaneous | Hotel Feasibility Study Update - Jim Hess, Director
The Committee met on January 13, 2009 to review the draft Executive Summary of the Hotel Study that was prepared by the consultant firm, Hunden Strategic Partners. The Committee voted to accept the report subject to the inclusion of comments captured at the meeting. Upon receipt of the final version, the report will be approved by Monona Terrace staff, and submitted to the Common Council for acceptance. The report may be referred back to Monona Terrace as well as the Board of Estimates and the Economic Development Commission.
Recommendations about the downtown hotel and other highlights from the report included:
· Optimum size is 400 rooms.
· Adjacency to Monona Terrace and the Hilton is key, preferably within 1,200 feet (the distance that most people feel comfortable and safe as a distance to walk).
· Branded hotels such as Hyatt, Westin, Intercontinental, etc. that have national booking systems.
· A survey of 300 meeting planners was conducted, and 80% of them said they would bring their groups to Madison / Monona Te | | |
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12202
| 1 | 2. | Finance Committee Update - Henry Lufler, Chair | Miscellaneous | Finance Committee Update - Henry Lufler, Chair | | |
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11554
| 1 | 3. | TOT Study Committee Update - Tom Ziarnik | Report | TOT Study Committee Update - Tom Ziarnik | | |
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12203
| 1 | 4. | Friends of Monona Terrace Update - Sheridan Glen, Chair, Marketing Committee | Miscellaneous | Friends of Monona Terrace Update - Sheridan Glen, Chair, Marketing Committee | | |
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11555
| 1 | 5. | Finance Report - Kathi Hurtgen, Finance Director | Report | Finance Report - Kathi Hurtgen, Finance Director
Revenues were 16% over budget in November due to 61 events that were held versus the 56 budgeted. That total includes an exceptionally elegant wedding with higher than normal revenues. Expenses were +7% which is a timing issue involving end-of-year purchases. Year-to-date surplus funds are estimated to be $217,000. | | |
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11556
| 1 | 6. | Director's Report - Jim Hess, Director | Report | Director's Report - Jim Hess, Director | | |
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11557
| 1 | 7. | Announcements from the Chair - Ann Kovich, Chair | Report | Announcements from the Chair - Mona Adams Winston, Acting Chair
- Martin Luther King Day activities will be held all over the city, including two at Monona Terrace.
- The King Coalition will hold an Inauguration Watch Party at Monona Terrace on January 20, and a standing-room-only crowd is expected. The community has been invited to bring a brown-bag lunch, and cake and coffee will be provided. | | |
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