2017-003-Thorp Mill Town Historical Pres.

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preservingthe mill itself and to making our various programs and initiatives self- sustaining o this year's function will produce an estimated $52,975.00 of total spending in Kittitas County,and we expect to grow the event to over 600 attendees and increase our offerings to approximately 50 vendors,and increase our revenuesfrom the event to over $6,500.00. We are arranging for 50 vendors and several appraisers and planning to attract 600 people for the event this third year.In order to build on the success of our first two years,the Thorp Mill requests $8,770.00 from the Lodging Tax Committee,primarily for the planning,marketing,and promotional costs associated as well as,to a lesser extent,the rental &purchase of key services and supplies (see attached budget for more details).Thorp Mill plans to raise in excess of $11,649.92 in matching funds over the next ten months-through other outside grants, sponsorships,solicited monetary donations,plus the value of donated labor,supplies,equipment and facilities.We have developed a five-year strategic business plan for the event,and losses in the first two years were covered by Thorp Mill's resources,along with funds from other non- Iodgingtax grants.We expect to turn a profit and become self-sustaining by the fourth year. Annual profits will be reinvested into expandingthe event in subsequentyears,building to a fully-sustainable,profitable event by 2018's 4th Annual Thorp Mill Antiques Market and Appraisal event. 2017 Antiques Market &Appraisals: Summary of How Grant Money would be Spent Rental of venue $285.00 Insurance for event 110.00 Advertising (online,print,radio,&signage)6,000.00 Services (equip.rental,wireless service,apprais- er fee,coordinating costs,&sundry 2,375.00 materials) Total 8,770.00 2.Please provide the following estimates of how any money received will result in increases in the number of people traveling for business or pleasure on a trip: I.Away from place of residence or business and staying overnight in paid accommodations:135 (50%of visitors &vendors from >50 miles away) II.To a place fifty miles or more away from their place of residence or business for the day or staying overnight:_44_1 III.From another country or state outside of their place of residence or business:J Evidence utilized in determining our projections: These projections were based upon data obtained from our exit surveys and collection of each visitor's ZIP code that were gathered during our 2015 and 2016 Antique Shows.Projections were calculated from these data by a professional economist,using standard sampling techniques.We assumed growth to 600 attendees (2017).We used the same proportions as previous years:50 County-wide Lodging Tax Application P a ge |11