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Committee recommends Tourist Improvement District and Moscone Expansion District reports; Moscone project noted on time and on budget
Summary
OEWD and SF Travel presented FY18‑19 annual reports for the Tourism Improvement District (TID) and Moscone Expansion District (MED); the committee recommended both to the Board, and presenters noted the Moscone Expansion was completed on time and on budget (reported $550 million).
OEWD and district representatives presented the Tourism Improvement District and Moscone Expansion District FY2018‑19 annual reports and the committee voted to recommend both items to the Board of Supervisors on Sept. 3.
Chris Korgas explained the districts’ benchmarks and noted the TID's and MED's reports met OEWD requirements. Paul Francos (TID/MED) reported that during FY18‑19 convention sales generated demand for roughly 1,646 meetings and about $1.63 billion in direct spending; he said Moscone’s expansion was completed on time and on budget with a reported $550 million project cost and opened for business in early 2019.
Francos also described marketing metrics and ambassador programs, reporting high season visitor counts, website traffic and social-media reach. Committee members thanked the presenters and, with no callers for public comment, the committee voted to recommend the reports to the full Board (roll call recorded 2 ayes, 1 excusal for Vice Chair Peskin).
