At its July 15th meeting, the Deadwood City Commission approved a $847,150 budget for the city’s Outlaw Square project for July 1st through December 31st, 2020, reports the Black Hills Pioneer. This budget is similar to one discussed by the city previously, but was never formally approved.
Mayor David Ruth Jr. said that the previous budget was a working document for the governor and the July 15th version was approved to be on file with the city finance office. Total sponsorship and public support revenue for the project is projected to be $781,150, with an additional $168,150 from corporate contributions and sponsorship. Other revenue includes $53,000 from Business Improvement District (BID) 7, $250,000 from BID 8, $140,000 from BID 9, and $170,000 from city of Deadwood Bed & Booze Funds.
Total program revenue for 2019-20 is estimated to be $66,000: $24,000 from winter programming, $19,500 from Main Street Initiative promotional programming, $5,000 from seasonal events, $12,500 from Historic Preservation historic programming, and $5,000 from third party rental.
During the meeting, Commissioner Gary Todd inquired about the status of sponsorships for the Outlaw Square project. Outlaw Square Director Bobby Rock said that organizers were still waiting on responses from potential sponsors, and Chamber of Commerce Executive Director Lee Harstad said that they were attempting to find a few large donors to cover major portions of the project rather than many smaller donors, which can take more time. Harstad said that their requests had been received well.
Read more about economic development in the Black Hills at the Black Hills Knowledge Network news archive.