Title
Approve and authorize the Monterey County Laguna Seca Representative (MCLSR) to execute an Event Agreement (Agreement) between Porsche Cars North America, Inc. (Porsche) and the County of Monterey (County) for a motorsports event at WeatherTech(r) Raceway at Laguna Seca (WRLS) with event dates beginning September 28 through October 1, 2023.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors approve and authorize the Monterey County Laguna Seca Representative (MCLSR) to execute an Event Agreement (Agreement) between Porsche Cars North America, Inc. (Porsche) and the County of Monterey (County) for a motorsports event at WeatherTech(r) Raceway at Laguna Seca (WRLS) with event dates beginning September 28 through October 1, 2023.
SUMMARY/DISCUSSION:
The proposed Agreement with Porsche is to hold the Porsche Rennsport Reunion VII (Event) at WRLS. The Event will be Rennsport Reunion's 75th anniversary and will be held from Thursday, September 28, through Sunday, October 1, 2023. The Rennsport Reunion was previously held at Laguna Seca in 2011, 2015, and 2018. The County was awarded this Event through a competitive process among four other North American racetracks.
The proposed Event is classified as a "Major Event," with attendance estimated at 80,000 over the four-day period. The Event is considered a worldwide celebration showcasing the rarest of Porsche's vintage automobiles, race cars, and modern-day models. The Event will host a Heritage Tent, noncompetitive "racing" and exhibition demonstrations on the track as well as an estimated fifty (50) legendary race car drivers and Porsche's Board of Directors from Germany. The Event will be planned and managed by A&D Narigi Consulting, LLC (A&D), the County's manager of WRLS, in cooperation with Porsche's Event team.
The proposed Agreement structures the Event as a shared-revenue venture. The County will retain 100 percent (100%) of the vehicle registration fees and the first $100,0...
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