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Summary:
The Arena Football League recently unanimously approved the sale of the Orlando AFL franchise to a new entity, Orlando Predators LLC, the principal of whom is Westgate Resorts' David Siegel. The new ownership team has negotiated an agreement for the team to return to Amway Center for its home games.
The Use Agreement provides for a three year term with a base use fee for a weekend game of $20,000 and $16,000 for a weekday game. If the Predators use the upper bowl, the team will pay an additional use fee of $5,000 (half) or $10,000 (whole upper bowl.) The team also has an option to use the Citrus Bowl and Thunder Field for practices for an additional monthly use fee. The Predators will also receive 50% of the net concession revenue in years one and two of the Agreement and 40% in year three.
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Fiscal & Efficiency Data:
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Recommended Action:
Approval and authorization for execution of the Agreement for Use of Amway Center at Orlando Venues between the City of Orlando and Orlando Predators, LLC. |
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Agenda Item attachment(s) on file in the City Clerks Office.
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Note:
All agenda items must
be in the City Clerk's office by Noon Friday, six(6) business days prior to the
regular Monday City Council meeting.
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Contact:
Amy Iennaco, Allen Johnson, Craig Borkon
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Approved By:
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Department
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Date and Time
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| Budget Outside Routing Approval |
7/21/2014 11:39 AM |
| City Clerk |
7/21/2014 4:26 PM |
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