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Board approves OBG quantitative incentive; qualitative award deferred
Summary
The Capital Improvement Board approved OBG’s pre-calculated quantitative incentive (about $45,749) under the existing management agreement and deferred discussion of the qualitative incentive to the May agenda after debate over a 10% decline in tracked hotel rooms and how to weight economic-impact metrics.
The Vigo County Capital Improvement Board voted to approve the quantitative (financial) incentive for Oak View Group (OBG) for 2025, a pre-calculated payment based on a three-year weighted benchmark that the board said is set by the management agreement.
Board discussion focused on the two-part incentive structure in the agreement: a formula-driven quantitative incentive and a qualitative incentive worth up to $25,000. Staff…
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