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Mahaffey management talks stall; city readies RFP after facility assessment finds multi‑million repairs
Summary
Negotiations between the city and Mahaffey operator Big 3 stalled over proposed fee and CIP terms; the city reported FY revenue of about $7.16M and identified roughly $7M of near‑term facility repairs, and proposed issuing an RFP if an extension is not reached.
Council received the Mahaffey Theater annual report and an update on management negotiations. City staff presented financials and a facility assessment that administration said requires significant near‑term repairs.
Beth Herendeen, managing director for City Development, summarized the year: annual revenue for the theater was about $7,157,000 with expenses around $7,347,000; Big 3 also earned roughly $195,000 in incentive fees for top acts last fiscal year. A Colliers…
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