According to Azcentral.com, the race has been renewed through 2018 and will feature a name change in 2014.
The Tempe City Council on Thursday voted unanimously to maintain its contract through 2018 with Florida-based World Triathlon Corp., which operates the Ironman competitions.
The Ironman Arizona race attracts about 3,000 athletes and fans. An economic-impact study by the Tempe Tourism Office estimated that the race brings in nearly $5 million in revenue that includes sales taxes from money spent on shopping and restaurants and bed taxes from hotel rentals.
Under the agreement, starting in 2014, the name of the race will include “Tempe” in the title. The contract includes a $100,000 annual cash payment and in-kind services valued annually at $87,837. Tempe police and fire security, traffic operations and trash pickup are among the services the city provides.
Read more: Azcentral.com
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