Memorandum
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The memorandum outlines a recommendation for the City Council to authorize the City Manager to negotiate and execute an agreement with the San Jose Sports Authority to promote San José as a destination for high-profile sporting events through July 31, 2026, with potential extensions through June 30, 2031. The agreement includes a budget not to exceed $1,720,213 and aims to support events like Super Bowl LX, the 2026 NCAA Men’s West Regional basketball tournament, and the 2026 FIFA World Cup. The Sports Authority, a nonprofit formed in 1991, will continue to enhance San José's visibility and economic development through sports-related activities and events.
Key points
- The agreement is intended to promote San José for major sporting events until July 31, 2026.
- It includes a budget of up to $1,720,213 and allows for extensions through June 30, 2031.
- The Sports Authority will support events such as Super Bowl LX, the 2026 NCAA Men’s West Regional basketball tournament, and the 2026 FIFA World Cup.
- The Sports Authority has a history of securing significant sporting events and generating economic impact for the city.
- The agreement includes specific deliverables and performance measures to evaluate the Sports Authority's effectiveness.
Limitations
- The text contains placeholders and unresolved budget details that affect the completeness of the summary.
- The document does not specify the exact dates for the proposed budget actions and last budget action.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.