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Commissioners authorize $118,643 incentive to Oak View Group for arena management
Summary
Cumberland County authorized an incentive payment of $118,643 to Oak View Group under its Cross Insurance Arena management contract for fiscal-year 2023'24 benchmarks; staff said the arena returned over $700,000 profit in that year; motion passed unanimously.
The commission authorized the county manager to submit payment to Oak View Group for an incentive under the arena-management contract for FY 2023'4. Staff explained the contract includes benchmark-based incentives and recommended a payment of $118,643 reflecting the arena's performance in the 2023'4 fiscal year. Staff noted the arena produced over $700,000 in profit during that year.
A motion to approve the payment was moved, seconded and carried unanimously.
