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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 - SMG <br /> <br />Name of Facility - Gwinnett Arena <br /> <br />Location of Facility - Duluth, Georgia <br /> <br />Person Interviewed - Tom Martin, CVB Chairman <br /> <br />Type of Facility -12,500 seat arena and trade show space <br /> <br />Previous Management - LMI Management firm - 10 years - bought out by SMG <br /> <br />Reason for selecting firm;.... continued with SMG as long as current manager is in place <br /> <br />Length of contract - 5 years <br /> <br />Satisfaction level- very satisfied because of current General Manager <br /> <br />Consideration of contract extension - yes, if current manager stays <br /> <br />Contract Structure/Management Fees - Base fee plus incentives <br /> <br />Goals met - yes <br /> <br />Budget info - Arena is currently making a profit with revenues exceeding expenses by <br />more than 1,000,000.00. <br /> <br />Additional info - <br /> <br />1. SMG submits CIP and Operating budgets each year. <br />2. SMG is doing very well with securing trade shows. <br />3. Jury is still out on new arena. - attendance and shows. <br />4. Not sure if size of SMG helps with booking events. <br />5. Realized a profit margin last year of l,S-million dollars. <br />6. General Manager is most important decision. <br />7. Make sure that contract allows for county participation is manager selection. <br /> <br />5 <br />
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