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HomeMy WebLinkAbout1EE - Presentation20 23 - 20 24 PR O PO SA L Item 1EE - Page 1 ProgramOverview Since its inception in 1992, the Walk of the Stars has become a treasured attraction in Palm Springs, California. Over 460 stars have been inducted to honor notable individuals from diverse fields, including entertainment, humanitarianism, civic leadership, architecture, art, literature, and sports. The stars are placed throughout the Downtown, Uptown, and other central areas of Palm Springs, attracting both locals and tourists. Visitors can stroll along the Walk of the Stars to see their favorite stars, creating a unique experience that showcases the city's history and culture. The program has been successful in fostering tourism and remains an essential component of Palm Springs' identity, continually expanding to recognize new honorees. Item 1EE - Page 2 VENDOR DUTY PRICE NOTES Oaktree Engraving and Monuments Star Engraving $2,526.74 Due to inflation, this is increasing from $2,257.37. Larry Hochandel Star Installation $1,500.00 Kevin Halladay Event Setup and Teardown $400.00 Lulu California Bistro Event Chairs $500.00 DJ Modgirl DJ and A/V $500.00 Lola Rossi Star Replica and Frame $350.00 Total: $5,776.74 Current Expenses PER STAR DEDICATION Item 1EE - Page 3 Financial Breakdown FOR 2022-2023 Contracted Payout from The City of Palm Springs to the Palm Springs Chamber of Commerce Cost to The City of Palm Springs per Dedciation Number of Dedications for 2022-2023 11 $40,000 $5,776.74 $15,000 x 11 = $165,000 Current Cost of Dedication $15,000 $5,776.74 x 11 = $63,544.14 For the 2022-2023 Walk of the Stars Palm Springs season, The City of Palm Springs profited $61,455.86. $165,000 - $63,544.14 - $40,000 = $61,455.86 Item 1EE - Page 4 LookingAhead To ensure the Walk of the Stars program continues to thrive and remain a beloved attraction in Palm Springs, we are looking to implement a series of initiatives to elevate its presence and strategically expand to attract more visitors and increase visibility. Updated engraving process to ensure longevity of stars. Professional presence of vendors and Program Director at dedication ceremonies. Elevated marketing efforts to promote the Walk of the Stars and its impact on the community. Robust archival information to provide a comprehensive history of the program and to keep past honorees legacy alive. Item 1EE - Page 5 THANK YOU Item 1EE - Page 6