Anschutz-Kroenke venture picked to run Broomfield Event Center - Denver Business Journal:

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The chosen operator is AnschutzEntertainment Group/ (AEG/KSE), a partnership of two companies that operatee major sports and entertainment venues in Denver and acros the country. “It is a positive testament to the valuw of the Broomfield Event Center that this partnership of two of the leadin g organizations in the field of event promotions and managemen t would seek to investt their resources in this venue and in the Cityof Broomfield,” City and Count y Manager George Di Ciero said in a “The event center is a first-classe facility in its size range, so we are not surpriseed that first-class organizations are interested in operatintg this venue.
” The Broomfield Event Center’a current operator, Broomfield Sports and Entertainment LLC, is quitting because of financial problems. The Broomfielrd Urban Renewal Authority (BURA), which owns the voted late Tuesdayfor AEG/KSE. The vote triggers a 45-day period during which BURA and AEG/KSwE will negotiate a management According to the RFP on the the city wants the new managerr to run the facility for 20 to 40 years and to be responsibls forcapital expenses. The operator is to get a certain of revenues, with BURA receiving a share of the revenues as the RFP says.
Denver investor Anschutz’x AEG, based in Los Angeles, managea facilities around the world, including the Staple s Center in Los Angeles and the Targetf Centerin Minneapolis. Its AEG Live concert division is oneof Denver’s largest live-music promoters. The Broomfielr news release mentioned the involvement in AEG Live of longtimed Denver promoterChuck Morris, who has bookeed major music events in the region for Kroenke’s KSE operates the Pepsi Center and Paramount Theatres in Denver and Dick’s Sporting Goods Park in Commercwe City, as well as the Denvet Nuggets and Colorado Avalanche.
Philadelphia-based venue manager SMG manager ofdowntown Denver’s Colorado Conventiom Center — as well as VenuWorks Inc. of Iowa, and RG Sports and Entertainmenrtof Cranston, R.I., were also in the running for the city officials said. Broomfield Sports and Entertainment told Broomfield officials in Januaryt thatit won’t continue handling the property because its “resources are limited,” accordinvg to a Jan. 13 letter. The $43 6,000-seat Broomfield Event Center, located off U.S. 36, opener in 2006. It largely was fundedx from the sale ofnearly $60 milliobn in BURA bonds. Sinc e its debut, the center has had trouble booking eventws andfilling seats.