06-14-12 PARC Committee - Laserfiche WebLink

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PARC COMMITTEE 5:00 P.M. Committee Members Present: Gavin Ferlic, Valerie Schey, Tim Scott Citizen Members: Beth Ferlic, John Mazurkiewicz Other Council Members Present: Henry Davis JUNE 14, 2012 Others Present: Ann -Carol Nash, Kathryn Roos, Mark Neal, Scott Ford, Andrew Nemeth, Aaron Perri, Dennis Andres, Lyn Mayer Agenda: Discussion of Extension of Global Spectrum's Contract to Manage Century Center Committee Chair Gavin Ferlic opened with a brief summary of the purpose of the meeting namely to discuss the Global Spectrum management contract with Century Center. More specifically, he noted that the Century Center Board of Managers were scheduled to vote on 6/20/12 on whether to extend Global Spectrum's management contract for six (6) months due to expire 12- 31 -12. This meeting was to get reports from and possibly offer direction to the Council's appointees to the Board of Managers prior to their vote whether to extend for six (6) months or not. Gavin called upon City Controller Mark Neal to present the city administration's point of view. Mark suggested a six (6) month extension through June 2013. He said the extension of GS's contract due to expire at the end of 2012 and a 3 month extension of Centerplate's food service contract due to expire 3 -13 -13 would allow the City to develop a strategic plan that would maximize the potential of all City -owned assets, in particular, those downtown. Valerie Schey said according to recent financial reports, Century Center operated at a loss of $1,145,857 in 2011. These losses as well as the burden of the Hall of Fame were unacceptable. As a taypayer it would be hard to vote renewal or extension as losses mount. Mark Neal countered with a caution to reserve judgment without looking at what other convention centers were doing in this economic climate. He said the administration needed time to develop their vision and translate it into a strategic plan.