• In addition, on top of the lost revenue, NIGA can expect 3 rd party vendor demands of at least $500,000 to $750,000 in expenses related to Tradeshow outlays and contracts with 3 rd parties (ie..Hotels, Convention Center, Food Vendors, others), further cutting into NIGA’s 2020 Operating Budget. • Altogether (anticipated lost Tradeshow revenue + Tradeshow Expenses), NIGA is looking at approximately a $2.0 to $2.5 million-dollar shortfall for 2020 Operating Budget, if not higher. • NIGA’s Contracts with the San Diego hotels are a major financial issue with regards to postponement. • NIGA’s Tradeshow Company, Clarion, is exploring Venue and date for the remainder of 2020. To be clear, the Convention Center, local San Diego Government, and the hotels, were expecting NIGA to carry-on with the Tradeshow. The California State Government stepped in with their Directive late last night. • The next steps will be to negotiate with the San Diego Convention Center and Hotels about rescheduling dates, if possible. Clarion’s search results for alternative dates, so far, are listed below.
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