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HomeMy WebLinkAboutDBCMinutes_2024_04_25 824 32nd Ave., Brookings, SD 57006 | 605-692-7539 | ww.dacotahbankcenter.com Advisory Board Meeting Minutes Thursday, April 25th, 2024 @ 12pm Dacotah Bank Center Present: Nick Schmeichel, Kyleigh Cramer, Jennifer Johnson, Laura Schoen Carbonneau, Mike Logan, Dacotah Bank Center General Manager; Ashley Biggar, Dacotah Bank Center Director of Marketing, Lisa Robinson Dacotah Bank Center Director of Finance & Kristin Zimmerman, City of Brookings Park & Recreation Director. Agenda Discussions: ➢ Mike called the meeting to order. ➢ February minutes were approved. ➢ Mike gave an update on open FT roles and shared a focus to fill them quickly as well as continue to hire summer operations staff. ➢ Mike presented and the board discussed a SWOT analysis of the facility. Highlights include a strong Q1 event schedule and re-booking of SD FFA for 2025. Mike discussed weak fall/winter. This will be a focus point for the rest of the year. Mike discussed opportunities with ACL, Visit Brookings sales blitz, Pendleton Porch opportunities, and an opportunity with Crown Castle. Threats continue with high expenses v revenues and Mike provided an example with SDSU Rodeo expenses climbing 10% with revenues climbing 6%. ➢ Mike gave an update on Dacotah Bank Center capital projects. Mike gave a 2024 project update on bathrooms, safety lines in the rigging grid, lighting/ AV equipment, and concrete work. ➢ Mike presented Q1 financials including a economic impact report provided by Visit Brookings. He also provided a comprehensive update on conversations being had with city staff as well as city council. ➢ Next meeting is scheduled for June 27th at 12:00pm. ➢ Mike adjourned the meeting.