Legends Global reports increased attendance and reduced operating loss; council approves $12,500 aid for amphitheater operations
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Summary
Legends Global (formerly ASM) reported more concerts, higher ticket grosses and improved operating results at the Capital Federal Amphitheater; the company reduced its incentive request and the council approved a $12,500 city subsidy from facility-fee funds and an amended operating budget.
Legends Global, the operator of the Capital Federal Amphitheater, presented a season recap to the Andover City Council on Nov. 13 and requested reduced operating assistance to close a projected shortfall.
AJ Bolesky, Legends Global regional manager, said the venue sold 10,821 touring-concert tickets this season with ticket grosses exceeding $660,000 and total season attendance (including non-touring events) above 13,000. Food and beverage sales were about $249,000, and parking revenues were roughly $50,000.
Bolesky said the operator forecasted an operating loss of about $235,000 through September, an improvement from a prior operating loss of about $296,000. Legends Global proposed a 50% reduction in its earned incentives, lowering the net assistance request to $222,500, and then requested $20,000 from two city facility-fee funds (promotions and capital) to further reduce the gap; staff recommended applying $20,000 and Legends asked the council to provide the remaining $12,500, down from a workshop request of $25,000.
Council discussed forecasting, promoter relationships, the facility fee, and the potential to increase the existing $4 facility fee to $5 for 2026 as part of a future amendment to the operations agreement. Council voted to approve the amended 2025 amphitheater operating budget and authorized the reduced $12,500 city contribution from facility-fee funds; the motion carried 6-0.