COMMISSIONER BELYEA: I am presenting and very excitedly presenting to all of you a Use and Occupancy Permit between Nassau County and T20 World Cup USA Inc. As we know, Use and Occupancy permits don't normally need to come before you, but I'm pleased to present this item today as it is not only historic, but it will produce a revenue in excess of $25,000.
The purpose of the agreement is to allow T20 World Cup USA to construct a temporary 34,000 seat modular stadium on 19 acres of Eisenhower Park in Field 6. For your reference, that is the property to the left of the driveway when you pull in to attend a Lakeside Theatre event.
This stadium will be constructed for the purpose of hosting 5 or 6 matches for the 2024 International Cricket Council, ICC's, men's T20 World Cup Tournament. The vendor will be responsible for all costs. Nassau County was chosen as one of three venues in the United States to host these matches which will be played in the United States for the first time ever. These matches will be broadcast to over 1.3 billion fans -- billion, not million -- around the globe, putting Nassau County on the map for the sport of cricket. Cricket in the World Cup matches, the third most watched sporting event in broadcast history, surpassed only by the Summer Olympic Games and FIFA World Cup soccer.
A SEQRA was completed for a temporary stadium on park property. The term of this permit will be from the execution date through July 31, 2024. The permit will generate a guaranteed revenue of $125,000 per match day to cover expenses for public safety and parks maintenance. Anticipated revenue above and beyond that, $125,000 per match is approximately $2 million, as the county will receive net revenue for all event parking, as well as all revenue for general and hospitality catering for each match.
Additionally, the County could recognize an economic impact in excess of $150 Million in tourism for those that will travel here for the matches from around the globe.
Following the event, the stadium will be deconstructed, as stated in the permit, no later than July 31, 2024, and the County in return will receive three cricket pitches, World Class, two at Eisenhower and one to be constructed at Eisenhower Park. Those pitches will be used in advance and during the tournament for practices by those teams. Those will be used going forward for us to permit out. And there is a great demand through my office, since I've been working for the County, for us to build new cricket fields. So I'm pleased to bring this item before you, and I'm happy to answer any questions you may have.