Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Park Board proposes up to $750,000 revenue guarantee to send tall ship Elissa to New York Sail 250 events
Summary
Park Board and Galveston Historic Foundation told council a revenue guarantee (up to $750,000) would cover initial costs to take the tall ship Elissa to New York for Sail 250; staff said ticket sales, sponsorships and appearance fees could offset the expense and possibly produce net revenue.
Representatives of the Park Board and the Galveston Historical Foundation briefed the council on a proposed partnership to sail the tall ship Elissa to the Sail 250 festivities and related port stops on the East Coast. Marty Miles, interim CEO of the Park Board, described the arrangement as a revenue guarantee to the Galveston Historical Foundation of up to $750,000 to underwrite costs of moving and staging the ship; he said the figure is a guarantee rather than an outright…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
