Point Pleasant Canal Renamed After Deal Reached with Sponsor
One of the easiest ways for an organization to increase revenue is to sell naming rights. Almost all professional sports arenas now are named for an advertiser. When the leaders of Point Pleasant Borough realized they had a commodity that could produce passive income just by renaming it, the decision to sell the name was easy. The Committee to Rename Our Canal (CROC) was formed by the borough. The head of CROC, Bill Uhvgoods, said, "We were surprised that so many companies and organizations would want the naming rights, but we had a great response right away."
"The New Jersey Regional Office of Tourism (ROOT) made a generous offer of $50K and since they are all about tourism, we felt it was a great choice," said Bill Uhvgoods. The official renaming will take place in the spring with an unveiling of the new name painted on the canal bridges. CROC provided an image showing how the bridges will look with the new canal name.
"We are confident that in no time, when people think of Point Pleasant, they'll think ROOT Canal," said Uhvgoods. "With advertising, getting people to remember something can be like pulling teeth, but ROOT Canal should make it a lot easier."
CROC is working on a number of promotional items to announce the name change. The first will be t-shirts that say, "I went through ROOT Canal in Point Pleasant." Bill Uhvgoods hopes everyone will be wearing these shirts next summer.
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