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HomeMy WebLinkAboutDBCMinutes_2023_12_14 824 32nd Ave., Brookings, SD 57006 | 605-692-7539 | ww.dacotahbankcenter.com Advisory Board Meeting Minutes Thursday, December 14th, 2023 @ 12pm Dacotah Bank Center Present: Nick Schmeichel, Jennifer Johnson, Elena McKeown, Kyleigh Cramer, Jeff Holm, Bill Retterath, Laura Schoen Carbonneau, Mike Logan, Dacotah Bank Center General Manager; Ashley Biggar, Dacotah Bank Center Director of Marketing, & Kristin Zimmerman, City of Brookings Park & Recreation Director. Agenda Discussions: ➢ Jeff called the meeting to order. ➢ October minutes were approved. ➢ Mike gave a team update to share new items for 2024. As the facility is fully staffed for full-time roles, the focus is on part-time hiring. ➢ Mike presented and the board discussed a SWOT analysis of the facility. Highlights include the Dacotah Bank Center ribbon cutting event, large November event weekend with 8 events in three days, and positive ticket sales for Skillet/ Theory of a Deadman. Mike discussed weak December bookings with multiple events cancelling late into the year. Mike discussed opportunities for cattle show bookings, updated F&B pricing for 2024, and working with Visit Brookings on 2024/2025 event bids. ➢ Mike gave an update on Dacotah Bank Center capital projects. The lower roof is nearing 100% completion and will be completed by the holidays. Mike gave a 2024 project review which includes updated bathrooms, safety lines in the rigging grid, lighting equipment, and concrete work. ➢ Mike presented the October financials and an update to the year-end forecast. ➢ Mike presented an update on partnerships. He discussed an opportunity to sell holding barn sponsorships in 2024. ➢ Next meeting is scheduled for February 22nd at 12:00pm. ➢ Jeff adjourned the meeting.