I found the first amendment to the ball park lease. As it applies to parking the only thing that I saw in the amendment was that in years 25-30 of the lease the city will be entitled to $1.60 per parking spot per year.
The lease is now for thirty years with the sports group having the option to extend the lease three times for five years each. That brings the period in which they can control the ball park to 45 years.
The lease will cost $400,000 per year for the first five years and escalates all the way up to $644,204 per year in years 25 to 30.
The sports group gets first priority in using the facility each of the 365 days of the year.
The city may request to use the facility for:
“civic-oriented, community not-for profit or educational events such as City ceremonies, conferences, conventions, meetings and training sessions”
and the sports group will allow them to use it if the sports group does not have something else scheduled for that day. In other words the city only gets to use the stadium if the sports group does not want it that day, and the city cannot use the arena to make a profit.
When the city is using the stadium the sports group has the right to run the concessions. If the sports group declines to run the concessions for a city event, the city must “negotiate an agreement” with the sports group’s existing concessionaires.
The city will reimburse the sports group for any extra expenses that running the city event cause.
City ticket revenue
The city may place a surcharge of fifty cents for each ticket sold for a ball park event. That number increases each five years up to eighty cents per ticket in years 25-30.
I can understand setting fixed amounts for leasing of large facilities. What does not make sense is a ticket surcharge that goes from fifty cents to eighty cents after 25 years. Where were the city people in this negotiation?
We deserve better