Monday, 12 May 2014

Proposed Hurricanes/City Deal Tabled By Council

It'll be at least another two weeks before a working agreement is in place between the City and the Lethbridge Hurricanes. 

A proposed landlord-tennant deal with the hockey club was tabled when it was presented to City Council for approval Monday. The City's Recreation Manager, Ashley Mathews says some members of  Council wanted "more information" before they were prepared to approve the deal. 

The agreement with the Hurricanes is scheduled to come before City Council again on May 26th. If it's approved, the new deal would be in place for 15 years.

According the the Lethbridge City Council agenda, the proposed agreement is "relatively cost neutral" to the city and would be recouped through food and beverage and box office service fees.

The Hurricanes would get $50,000 flat fee for lieu tickets on new suites, $30,000 for naming rights at the rink, 75% of media box sign revenue, and $17,000 for flat fee lieu tickets for the VIP lounge.  Those are just some of the highlights of the proposed deal. Again though, Council will review this in two weeks.


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