Pro Matthew Russell of the United States hoists the banner as the winner of the final year (2012) Ironman Canada was held in Penticton. (Western News file photo)

What does it cost the City of Penticton to host Ironman?

Mayor believes businesses and other agencies support will help defer event costs

The cost to the City of Penticton to host Ironman for five years is $410,000 — broken down to $299,000 in cash and $111,000 of in-kind support.

However, Mayor John Vassilaki believes businesses and other agencies in the South Okanagan will be more than willing to step up to the plate to help defer that amount.

“I’m hoping it’s not going to cost the taxpayers of Penticton anything,” said Vassilaki. “Those businesses know the value of what they (Ironman) are bringing to our community and I think it’s going to be one of the most successful Ironman’s in North America if not the world.”

READ MORE: Ironman returns to Penticton after seven-year absence

He added the event funnels millions of dollars into the local economy and there have already been commitments to help, including Travel Penticton which has put up $100,000 of in-kind support.

“We’re delighted that Ironman actually chose to come back and I think that says a lot for the community and the spirit that we have here and the capacity for us to hold such a world class event,” said executive director Thom Tischik of Travel Penticton. “Certainly from an international standpoint it really puts Penticton out there in the forefront.”

READ MORE: Video – Athletes and volunteers ecstatic about Ironman’s return to Penticton

As well, he believes the changes in social media since Ironman was last here will generate even more exposure for Penticton worldwide.

“Any event that happens in Penticton is crucial to the tourism economy and the economic health of all those businesses that provide services or goods,” he said. “There’s no doubt having Ironman in with such an international reputation, with such a longstanding high quality event it just makes it just takes it over the top.”

According to the Whistler Pique, Ironman Canada still had one year before the contract with Whistler was set to expire, however it was a metal decision to part ways.

Nestor Municipality of Whistler chief administrative officer Mike Furey told the Pique that there was between $250,000 and $282,000 in cash and in-kind commitments annually.


 

@PentictonNews
newstips@pentictonwesternnews.com

Like us on Facebook and follow us on Twitter.


 MarkBrett
Send Mark Brett an email.
Like the Western News on Facebook.
Follow us on Twitter.

Just Posted

Summerland cannabis shop receives approval in principle

Inspection now required before Green Gaia may sell cannabis

Okanagan team bows out early at B.C. baseball championships

The SOMBA Tigers U18 AAA squad lost its first two games at the provincials

Laugh out loud Okanagan theatre group production

The St. Andrew’s Players production of Drinking Habits hits the stage Aug. 23 for nine shows

Kelowna Rockets prepare for biggest rookie camp in years

The 2019 rookie camp starts Aug. 19 with over 150 players

Osoyoos woman who threatened mom and baby with butcher knife sentenced

Sharon Constance Forner pleaded guilty to one criminal charge and was sentenced

Canadians killed in Afghanistan honoured during emotional dedication ceremony

One-hundred-fifty-eight Canadian soldiers died during the mission

It’s snow joke: Up to 30 cm of snow expected to fall in northeastern B.C.

Alaska Highway, Fort Nelson to be hit with August snowstorm, according to Environment Canada

‘I’m just absolutely disgusted’: Husband furious after B.C. Mountie’s killer gets day parole

Kenneth Fenton was sentenced to prison after he fatally struck Const. Sarah Beckett’s cruiser

Sea-to-Sky Gondola in B.C. likely out of commission until 2020

Sea to Sky Gondola carries between 1,500 and 3,000 people every day during the summer season

Auntie Says: A different spin on to the bullying problem

Faye Arcand is a freelance writer living in the South Okanagan

Helicopter-riding dog Mr. Bentley now featured on cans of new B.C.-made beer

Partial proceeds from every pack go to Children’s Wish

PHOTOS: Weapons seized at Portland right-wing rally, counterprotests

Not all who gathered Saturday were with right-wing groups or antifa

Good morning bats! Salmon Arm office receives surprise visit by winged critters

Pair of bats found huddled together on wall in the sun outside downtown office

Most Read