City council considers contract with Live Nation to run concerts - WECT, weather & sports Wilmington, NC

City council considers contract with Live Nation to run concerts at new downtown park

(Source: WECT) (Source: WECT)

The City of Wilmington is set to partner with Live Nation to provide entertainment at the proposed North Waterfront Park in the downtown area.

City council will meet Tuesday to discuss awarding a 10-year contract to the Beverly Hills-based company to operate the park, which will include booking events, scheduling services, facility management, and concessions.

The agreement will require Live Nation to pay $200,000 in rent each year and provide $700,000 for in-kind maintenance expenses over the life of the contract. Additionally, the city will receive $2 per ticket sold and Live Nation will provide an initial investment of $2 million for equipment, fixtures, and furnishings of the park's performance venue.

Wilmington officials said one of the top priorities identified by citizens in the park master plan adopted by city council earlier this year is a large performance venue. The city has contracted with a landscape architecture firm to design the 6.6-acre park and a construction management firm has also been selected.

These companies will be involved in the design, construction, and development of the park, which was funded by a voter-approved bond in 2016. 

The park is expected to open in 2019.

Copyright 2017 WECT. All rights reserved. 

Powered by Frankly