have to sound like cattle good morning everyone just needs to take a seat out here yeah I think David report maybe on the way but we can go ahead and do things uh just the reports and so forth so I'd like to call the meeting of the capital improvement board of Marion County to order uh welcome everybody it's nice to see you guys um first item of business of approval of minutes for the September 11th meeting chair will team the motion to approve so move is there any second second any questions or discussion okay we'll call the role Marcy Dave I Mick I Bruce I Jim all right Maggie thank you thank you next item on the agenda reports and first is a CIB finish report good morning thank you um August 2026 um finished with revenues net of expenses of about two million dollars which is about five million dollars less than the prior year um there are multiple item line items there that make up that variance um including contractual labor repairs and maintenance and capital outlays um I'll go into more expense or more details and on those expenses later um talking about revenues uh tax revenues total 15 million dollars which is about a million dollars um or seven percent more than the prior year um and is um and the monthly average uh largest variance there is in the hotel motel tax line um where it's six hundred and eighty four thousand dollars or thirteen more um in the prior year um looking at operating revenue it was um just under six million dollars um which is less than prior year by about 400,000 or 7% um and it's right at the monthly average uh the largest unfavorable variance there um are in the food service and the investment income food service is down just due to the um the events that we held and then also the investment income line is down just the lower interest rates that we're having right now on the expense side personal services has a favorable variance of about 86,000 or 4% versus uh the prior year um both the employee medical insurance and the IT union health wellness pension lines uh contributed at and that's due to only having two payrolls in this year's August last year's August had three payrolls so um that was the difference there supply category um it was less than last year about 238000 or 41 percent which is we just spent less um this year um other services um is was that nine and a half million dollars it's roughly about two million dollars or 29 percent more uh than prior year uh most of that in federal variance is due to the events that we held um including we had two cold schemes um versus only one last year uh the expenses that um really are affected by that um security was up 419 thousand contractual labor um was up a collective eight hundred and seven thousand dollars cold scheme day expenses is up 233 thousand dollars um i did note um repairs and maintenance has a large variance um if you look at that prior to the prior year um so i dug into that and just wanted to make sure and understand why that had such a large variance there um and it's actually because the prior year was so low um and we just didn't spend much um in the prior year um but i compared it to both um what we're averaging which is about 480 000 for the year our budget was 843 and so we came in at 62 so it's it's this year is normal last year was the the nominally there um capital outlay um had a total of 5.4 million dollars um which is 3.8 million dollars more than the prior year um largest capex spend for the month was 4.3 million dollars in the Wi-Fi replacement at the stadium um second one was 427 thousand on the signia sky bridge um debt service was normal at 1.2 million it's right in line with the budget and our payment schedules um so overall for the month um we had uh good amount spent on capex for this uh for the month at the stadium wifi um still finished with a pro positive item line um good solid revenues um careful spending across the board with an any ex uh questions any questions for Ted okay thank you very much uh the next item on the agenda is the visit and he report later thank you president Redick uh we have we do not have the print or the uh the actual visit indie booking report in uh your portal uh because of the earlier date uh but I think now you said you're gonna add that later sooner we do not yeah I can tell you that uh we are at 84 percent of the pace we need to be at pretty common again uh this time of the year this is when we start sweating it out through the end of the year to see exactly what number we're gonna get to uh I did just have a meeting yesterday with uh Joyce Russell and Diane Wits at the two VPs we have on the sales side and um we're either going to get

We have we do not have the print or the actual visit Indy booking report in your portal because of the earlier date.

But I think Pam, you said you're gonna add that later.

Yeah, I can tell you that we are at 84% of the pace we need to be at pretty common again this time of the year.

This is when we start sweating it out through the end of the year to see exactly what number we're gonna get to.

I did just have a meeting yesterday with uh Joyce Russell and Diane Wits at the two VPs we have on the sales side.

And um we're either going to get right around 100%, or we're gonna go blow past that with one booking.

There's one booking that I can't get into the details of right now that's worth uh like 100,000 of the night.

So you either get it, and it looks like we had an amazing year, or you don't get it, and we scrape by right at the goal, but we should get right to goal regardless.

And on the lead side, we're doing great 129% on the lead side.

That pipeline is reflective of the interest, I think, in the Signia, post ASA interest, all that sort of thing.

Uh

in the hotel report, incredible August.

What's really incredible about August is numbers is that it really um showed had very little impact from Gen Con this year.

GenCon's peak nights are Wednesday, Thursday, Friday, and Saturday.

Uh only Saturday, August the 1st was it would have been included in this Gen Kong speaks all value counted for in the July report for the most part, three quarters of it at least.

And so the fact that we had an all-time August downtown, uh, all-time August for Mary County in terms of total revenue and rev par revenue per available room.

Uh so downtown had a pretty staggering 74% occupancy, 73.9 uh in the month of August, which is outstanding again, especially given that Gen Con only had one night, and year-to-date downtown occupancy is nearly 68% now.

Uh downtown occupancy um or downtown revenue is up nearly 7%, and revenue per available room, which is the thing that Jim Dore and others paid the have probably the closest attention to is up 6.4% year over year nationally has 4.9%.

Uh so we're up here performing nationally, and and downtown in particular is a challenge because we've had massive gains in Rev Par the last two years.

So the base of which uh pick up another uh 6.4% uh year to date uh in uh off of two big gain years is really great.

Marion County as a whole is up eight percent in in revenue per available room uh year to date.

So I guess really outstanding numbers.

Um they'll all be better than Tim and this board would have budgeted for uh barring anything unforeseen for the rest of the year.

So uh great news in general to report, and I will note that last night uh

one

of the CIB facility CEOs, uh Mel Rains was given the uh junior keyment hall of fame.

I saw Mrs.

Corbett there, Dave.

And um the uh and also um Lacey Johnson was inducted, and David Barrett from the Glit Companies, and then Mario Rodriguez from our airport, so really a uh a stellar uh group that elected yesterday, but a CIB facility CEO, and then uh Mario, he's not CIB, but he's he he guessed what we do.

He's a friend.

Definitely a friend, so and that's really my report, and let's uh Gabriel, you're giving a report for one eight today.

Yeah, I'll probably embellish something, Jennifer says.

No, you do

not.

Any questions for Leonard?

Okay, Jennifer Wheeler.

Sure.

Um, I'm Jim Wheeler, and filling in for Monique this morning.

Um, we have a fairly short report since I'm getting you just met three weeks ago, so I'll jump right in.

Um over the past few weeks, we've had two back-to-back building right events, um, National Safety Council, which I believe Monique mentioned was a rebook from COVID.

Um, and then we just moved out one of our longtime annual events, do it best this past Wednesday.

So

uh

Safety Council anticipated about 10,000 attendees, and Do It Best is anticipated about 12.

So we'll get those final numbers soon.

Um before we welcome back FFA.

Um, they're actually a week early this year.

Um we actually have several small to medium-sized groups that are local and regional managers um squeezed in.

Chad read off a long list at our staff meeting the other day, but um just a few um national um association, uh Indiana Department Association, Association for Talent Development, Indiana School Boards, Gas and Machinery Conference, Metal Treaty Institute, and several more.

Um, so again, the events team is very busy this week with a lot of small to mid-sized groups before we welcome back FFA.

Um we will close out October with um another building event as Society of Hispanic Engineers, and they're expecting around 15,000.

Um, this is a first uh year or three-year deal, so they'll be back with us in 29 and 32.

So we look forward to welcoming them and having a great event, and then they'll want to come back even after 32.

So that pretty much concludes my report.

So anybody has questions?

Any

questions?

Thank you, Jim.

Next is the LucasOl Stadium Report, and we have Craig Eustace here.