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Article: Iowa company to run Racine Civic Centre; Firm experienced in resurrecting struggling venues
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- November 23, 2004
- Author:
CopyrightCopyright 2004 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Iowa company to run Racine Civic Centre
Firm experienced in resurrecting struggling venues
Racine -- An Iowa-based company that specializes in managing
convention and performing arts venues in midsized cities has been
selected to take over management of Racine's struggling Civic Centre.
Under a flexible, five-year contract, the city will pay Compass
Facility Management a flat annual fee of $600,000 to manage the
facility, Donnie Snow, the city's director of parks, recreation and
cultural services, said Monday.
The company also will be paid 40% of the first $150,000 in savings
it can deliver, and then 50% of any additional savings each year.
Either party can pull out of the contract at any ...