Vail will spend $500K on special events | VailDaily.com

Vail will spend $500K on special events

Daily Staff Writer

VAIL – The Vail Commission on Special Events will provide seed money to 22 events next year. The commission reviewed 28 funding proposals totaling nearly $850,000, finally approving $506,900 in sponsorships. The money comes from the town’s budget. The five-member commission is appointed by the Vail Town Council to evaluate events. Applicants are judged based on how events will contribute to the town’s economy and image. Sponsored events in 2005 showcase Vail as a fun and active destination, commission administrator Sybill Navas said. The two largest awards, each $65,000, will fund the Teva Mountain Games, scheduled for June 1-5, and Oktoberfest, scheduled for Sept. 9-11 in Lionshead and Sept. 16-18 in Vail Village. TThese two events have become signature events for Vail and contribute significantly to the local economy during the spring and fall “shoulder” seasons, town leaders have said. The Vail Film Festival received a $60,000 sponsorship for its second year. The inaugural event, widely viewed as a success by its organizers, town officials and others, earned a larger grant for 2005. That festival is set for Mar. 31 – Apr. 3. Other major awards include $50,000 for Vail America Days over July 4 and $45,000 to continue the live street performances at two locations in Vail Village and one in Lionshead on Fridays, Saturdays and Sundays throughout the summer.The commission also funded two new events: a triathlon, which received $3,000, and the Nike Junior Golf All-Stars Tournament which received $5,000. The commission will spend $20,000 to evaluate the economic impact of the major events. Last year’s surveys of eight events indicated a townwide return on investment of nearly $20 for every dollar spent on special event funding. Vail, Colorado