The Mitchell City Council on Tuesday night approved a new Corn Palace Gift Shop contract between the city and the Chamber of Commerce. The current contract is set to expire in August. The Chamber runs the gift shop on the Corn Palace floor during the summer months. Changes include increased rent charged to the Chamber and profit sharing.
Specifically, the city will charge the Chamber $140,000 in rent for use of the Corn Palace floor. That’s an increase of around $20,000 from the current contract. The city will also collect 5% of all gross sales over $750,000 from the Corn Palace Gift Shop. Gift shop sales and Corn Palace visitor numbers have been down about 25% this summer.
The council approved a new one-year contract.