Anna Lisa Barbon Managing Director, Corpor
CHAIR AND MEMBERS TO: CORPORATE SERVICES COMMITTEE MEETING ON FEBRUARY 18, 2020 ANNA LISA BARBON FROM: MANAGING DIRECTOR, CORPORATE SERVICES AND CITY TREASURER, CHIEF FINANCIAL OFFICER SUBJECT: 2019 ANNUAL UPDATE ON BUDWEISER GARDENS RECOMMENDATIONS That, on the recommendation of the Managing Director, Corporate Services and City Treasurer, Chief Financial Officer, the 2019 Annual Report on Budweiser Gardens attached as ‘Appendix B’ BE RECEIVED for information. PREVIOUS REPORTS PERTINENT TO THIS MATTER 2017 Annual Updated on Budweiser Gardens, March 20, 2018, meeting of Corporate Services Committee, Item #2.5 Budweiser Gardens: City Approval of Zamboni Capital Lease Agreement, February 19, 2019, meeting of Corporate Services Committee, Item # 2.1 2018 Annual Updated on Budweiser Gardens, February 19, 2019, meeting of Corporate Services Committee, Item #2.2 Budweiser Gardens: City Approval of Digital Wall Capital Lease Agreement, November 5, 2019, meeting of Corporate Services Committee, Item #2.3 BACKGROUND Budweiser Gardens is a multi-purpose entertainment and sports facility. The facility strives to perform a significant role in meeting the needs of the community in its overall programming. Budweiser Gardens operates as a public private partnership and is designated as a municipal capital facility under the Municipal Act. The Budweiser Gardens completed its 17th year of operations in 2019. Budweiser Gardens is managed by Spectra Venue Management on behalf of the partnership, London Civic Centre (LP). Spectra is responsible for the sale of naming rights, advertising, attractions, sale of suites and club seats, and the operation of the facility. The City’s share of the net proceeds from operations does vary over the life of the lease.
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