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DDA directs staff to recoup overspend from Beatles on the Beach production and pause future co‑productions until recovered
Summary
Following review of March financials, board members agreed the Beatles on the Beach co‑production exceeded the DDA’s agreed contribution and directed staff to recover the excess from the event producer; the board also said future co‑productions should be on hold until the DDA is made financially whole.
The Downtown Development Authority reviewed March financials on May 19 and discussed the Beatles on the Beach event, which the board co‑produced in March. The DDA’s packet showed the event’s final costs exceeded the DDA’s agreed maximum contribution.
Board members said the DDA had agreed in advance to contribute up to $40,000 to the production. The financial packet…
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