User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


67° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Events Center Naming Rights Process Underway

March 16, 2012, 4:52 PM by Shawn Neisteadt

Events Center Naming Rights Process Underway
SIOUX FALLS, SD -

The doors of the new Sioux Falls Events Center won't open for two years, but city leaders say they plan to have the naming rights sold by the fall.

As Sioux Falls residents learn more about what the Events Center will look like, city leaders are looking to name it.  The city is now officially taking letters of interest from companies who want to buy the building's name.

"At the end of the day, this is a business process.  It's a negotiation.  And when it's all said and done, it will amount to a business transaction.  So we need to treat is as such," Director of Community Development Darrin Smith said.

The city isn't looking for specifics from businesses just yet.  That will start to take shape after city leaders meet one-on-one with all the interested people next month.  However, an analysis says the contract should reach 25 years and equal about half a million dollars each year.

"We believe demand for this facility will allow us to exceed that," Smith said.

City leaders say getting the naming rights secured as soon as possible is important because as soon as that name is secured, the value begins. 

"The sponsorship and the payments associated with that sponsorship do not wait until the front doors open.  That sponsorship will be effective and go into effect immediately," Smith said.

That's why this process is starting now, in hopes of having a name for the building approved by the time ground breaks this August.

While the city is taking letters of interest from anyone, it is also seeking out businesses it feels would be a good fit.  However, it is not making that list public.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View news

You may also like

SUV Driver Ticketed Following Deadly Crash

8/18/2014 11:35 AM

Sioux Falls Police have ticketed a 26-year-old driver for her involvement in a deadly bicycle crash last month.

Full Story
Former State's Attorney Admits Sexual Crimes

8/13/2014 6:00 PM

We are learning more disturbing details about the former Walworth County State's Attorney, who's charged with raping three young children.

Full Story | Watch
Charges Filed After Baby Hurt At Day Care

8/19/2014 11:13 AM

A Sioux Falls day care provider faces charges after a child in her care was hospitalized.

Full Story
Illinois Man Found Dead In The Black Hills

8/17/2014 11:30 AM

Authorities say a 23-year-old Illinois man who was reported missing in early August was found dead in the Black Hills National Forest.

Full Story
Wife Reveals Robin Williams Had Parkinson's Disease

8/14/2014 1:25 PM

Susan Schneider, wife of Robin Williams, says the late actor was in the early stages of Parkinson's Disease, along with battling depression and an...

Full Story


Events