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.


89° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

Severe weather for Overnight July 5th - July 6th, 2015

Severe Weather Outlook

Severe Weather

State Radar


Click here for local closings & delays

Send photos to ushare@keloland.com

Storm Center Update

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Most Popular Today


Events Center Contracts Approved

October 9, 2012, 9:49 PM by Kelly Bartnick

Events Center Contracts Approved
SIOUX FALLS, SD -

The Sioux Falls City Council approved the management and food and beverage contracts for the new Denny Sanford PREMIER Center. The council unanimously approved giving both SMG and Ovations management responsibility.

One will be over operations and the other food and beverage service. Both will work out of all four of the city's event and entertainment spaces.

“Were there discussions taking place about whether there will be possible operating subsidies or what profit will be made? Were those discussions taking place?” Council Member Kermit Staggers asked during the presentation.

SMG already manages the Sioux Falls Arena and Orpheum Theater.  Ovations provides food services for the city too. Both will now oversee their respective operations at the Sioux Falls Arena, Convention Center, Orpheum Theater, and Denny Sanford PREMIER Center.

“SMG manages the facilities for a fee.  As a result, it is the city which is responsible for receiving all of the income and paying all the expenses,” attorney Jim Wiederrich said.  He was hired to help the city negotiate the contracts.

SMG's fee begins with a base price of $100,000 the first year of the five-year contract. It tops out at $110,000 the final year. The company is also eligible for incentives that could nearly double the city's yearly payment to them.

“Ovations is the entity at risk and can make a profit or not make a profit,” Wiederrich said regarding the food and beverage contract.

Ovations will pay the city a cut of its sales average at about 37 percent a year over its five-year contract. Both companies also chipped in large, up-front payments to boost their agreement totaling more than $900,000 for improvements and marketing needs. Tuesday’s unanimous vote allows the mayor to ink the deal.

“Even though we're only here at the end approving it, what it's done is add transparency to the whole process,” Council Member Greg Jamison said.

The contract talks began last March. Both take effect in January. Find more information on the contracts and watch the presentation on the city's website.

Previous Story

Next Story


Comments







Sponsored

 


View business

You may also like

Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story
New Outdoor Venue For Falls Park West

6/29/2015 5:07 PM

Mayor Mike Huether's Capital Improvement Plan includes $2.5 million for the Levitt project.

Full Story | Watch
New Laws Bring Changes To Commercial Driver's Licenses

7/1/2015 6:52 AM

The new regulations raise the minimum age to apply for a commercial driver's license from 16 to 18.

Full Story
Greek Banks Closed, ATM Withdrawals Limited

6/29/2015 7:58 AM

French President Francois Hollande says France has "nothing to fear" from an eventual Greek departure from the eurozone.

Full Story


Events