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HomeMy WebLinkAboutIR 10228 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10228 January 29, 2019 To the Mayor and Members of the City Council Page 1 of 3 SUBJECT: LANTERNS IN THE FORT WORTH BOTANIC GARDEN This purpose of this Informal Report is to inform the City Council about a traveling exhibit called Lanterns in the Fort Worth Botanic Garden. This Chinese LED Lantern nighttime event, to be held at the Fort Worth Botanic Garden, will feature more than 20 different handcrafted, larger-than-life silk lanterns that will light up in gorgeous colors with many choreographed to music. The shows are expected to bring in thousands of people as well as attract individuals who do not generally visit the garden. This traveling exhibit replaces Butterflies in the Garden and will be a ticketed event held outside of normal operating hours. The show will run daily, March 9 31, 2019, 6:00 p.m. to 11:00 p.m. After March 31, the shows will be Thursdays through Sundays until May 12, 2019. There will be black out days to minimize conflicts with other existing pre-scheduled events. LanternFest Creative LLC, was selected to produce this show. Terms of the agreement include an upfront payment of $100,000 to pay for shipping, designing the shows for the garden and staging the event. The City and vendor will share the revenue split of 50/50 earned by ticket sales, with the first $25,000 in ticket sales going to the vendor for direct cost to administer the shows. The vendor will prepare and organize all of the setup and daily management of the shows. The exhibit is projected to earn approximately $500,000 in gross revenue based on an estimated 30,000 ticket sales. Projected net revenues for the exhibit is estimated at $250,000. Attached Exhibit A provides some examples of Chinese LED Lantern Displays. If you have any questions, please contact Richard Zavala, Park & Recreation Department Director at (817) 392-5704 or Susan Alanis, Assistant City Manager at (817) 392-6116. David Cooke City Manager Attachment: Exhibit A - Chinese LED Lantern Displays ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10228 January 29, 2019 To the Mayor and Members of the City Council Page 2 of 3 SUBJECT: LANTERNS IN THE FORT WORTH BOTANIC GARDEN Exhibit A - Chinese LED Lantern Displays Peacock Lantern Display Horse Lantern Display ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10228 January 29, 2019 To the Mayor and Members of the City Council Page 3 of 3 SUBJECT: LANTERNS IN THE FORT WORTH BOTANIC GARDEN Sun Flower Lantern Display Birds Paradise Lantern Display ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS