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AG 2005 01 10
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AG 2005 01 10
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Last modified
3/3/2006 8:34:23 AM
Creation date
11/27/2017 11:34:30 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
1/10/2005
Board
Board of Commissioners
Meeting Type
Regular
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<br />Reference Check - Global Spectrum <br /> <br />Name of Facility .,... Liacouras Center (Temple University) <br /> <br />Location of Facility - Philadelphia, P A <br /> <br />Person Interviewed - Rich Rumer, VP Business Services-Temple University <br /> <br />Type of Facility - 10,200 seat arena and 40,000 sq feet of trade show space <br /> <br />Previous management - Ogden Facility Management <br /> <br />Reason for selecting firm - previous firm do not perform as needed or expected - <br />unanimous decision to hire Global Spectrum <br /> <br />Length of contract - 3 years with option for 1 year renewals <br /> <br />Consideration of contract extension - yes (presently operating on second 1 year <br />renewal) <br /> <br />Satisfaction level - excellent service and management <br /> <br />Contract Structure/Management Fees - Base ($110,000) plus incentives <br /> <br />Goals met - yes, exceeded expectations <br /> <br />Budget info - it took two years to break even and now is realizing a profit annually. <br /> <br />Additional comments- <br /> <br />I. University did not expect to make profit in the beginning. <br />2. Building was built with grants - no debt service <br />3. University was able to participate in General Manager Selection process. <br />4. Chose Global because of size of the company. Wanted to be a bigger fish in a <br />small pond. <br />5. The selection of the General Manager is very important. <br />6. General Manager is key to the success of the facility and the relationship with the <br />management company. <br /> <br />s <br />
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