An update on the plan to replace Kemper Arena with a new Agricultural Events Center and officer elections were the centerpiece of the annual Board of Governors’ meeting that took place March 14 at the World War I Museum at Liberty Memorial.
“Our economic study completed last spring validated that the current economic ‘footprint’ of the American Royal Complex is estimated at over $60,000,000 per year. It also showed that with the addition of the new proposed facility, in place of Kemper Arena, this number will increase an additional estimated $14,900,000 for a total of nearly $75,000,000 of yearly impact. We are pleased to confirm that plans are moving forward to make this a reality as we continue our private fundraising initiative and also our ongoing negotiations with the City of Kansas City,” said Brant Laue, outgoing Chairman of the Board of Directors and incoming 2012 Chairman of the Board of Governors.
The 2012 American Royal financials were also a topic of discussion at the meeting. “We are pleased to announce that we expect a positive net income for the second year in a row. We continue to emphasize that the American Royal is a community-based, not-for-profit organization which promotes agriculture and agrarian values in the Greater Kansas City Area,” said Cynthia Pistilli Savage, newly-elected Chairman of the Board of Directors.
The official elections results were as follows:
American Royal Officers of the Board of Directors
Chairman: Cynthia Pistilli Savage, Raphael Hotel Group
Chair-elect: Mariner Kemper, UMB
Corporate Secretary: Angie Stanland, Cerner
Treasurer: John Mitchell Jr., Treat America Food Services
Vice Chair of Agricultural Center Campaign: Brant Laue, Armstrong Teasdale LLP/Laue Ranch
Pistilli Savage concluded with, “Kansas City and the American Royal have been great partners for 114 years, and we look forward to securing their future together in the coming year. It is my hope that my grandchildren, great-grandchildren and other generations to come can share our enthusiasm and optimism for Kansas City's agricultural past, present, and future.”
The American Royal Association is a not-for-profit 501(c)(3) corporation that has been a Kansas City tradition since 1899. Each year more than 270,000 people attend events at the American Royal Complex. In 2012, the Royal was able to give $1.4 million in scholarship and educational awards. In addition to its educational mission, the American Royal generates some $60 million of economic impact, $4.4 million in local tax revenues, and supports 450 jobs. For further information, see www.americanroyal.com