TITLE
Recommendation to authorize City Manager, or designee, to execute any and all documents necessary for a Supplemental Agreement to Management Agreement No. 21667 with SMG, formerly known as Spectacor Management Group, for the completion of certain capital improvements to the Sports Arena and International City Theater at the Long Beach Convention and Entertainment Center (Center) located at 300 East Ocean Boulevard. (District 2)
DISCUSSION
Under Management Agreement No. 21667, SMG operates the Long Beach Convention and Entertainment Center on behalf of the City of Long Beach. The Management Agreement allows SMG to enter into contracts for improvements to the facility. The Supplemental Agreement authorizes SMG to enter into additional contracts and to expend funds for specific capital improvements.
On February 7, 2012, the City Council, as part of a quarterly budget adjustment, appropriated $17.145 million from Tidelands Measure D oil revenue for high priority capital projects, which included $6.175 million for improvements to the Long Beach Convention and Entertainment Center, including specific improvements to the Sports Arena and International City Theater. The combined project costs for these two projects is $5.375 million:
Sports Arena Upgrade/Improvements (Approx. $5,000,000)
The City's Sports Arena will be improved in phases so that it can be used as a "Loft Style Ballroom", and aging equipment will be replaced and modernized to maximize the facility's use for special events. The improvements to the Sports Arena will provide attractive modernized event space needed to accommodate larger functions at the Center, and update the appearance and usefulness of the Long Beach Sports Arena.
International City Theater Improvements (Approx. $375,000)
The International City Theater facility will be improved to create a safer and more inviting entryway and improve the facility's street visibility. Upg...
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