Please visit the bid source via the “Link to Bid Source” button below for documentation.

$500,000 – $1,500,000

The budget for this project is not explicitly stated in the document. However, considering the scope of the project, which includes managing 200+ events per year in a renovated historic venue, the budget could be substantial. The city's budget for the project is not provided, but it can be estimated based on the average revenue generated by similar venues. Assuming an average ticket price of $50 and an average attendance of 500 people per event, the total revenue per event would be $25,000. With 200+ events per year, the total revenue would be approximately $5 million to $7.5 million per year. The budget for the operator could be a percentage of the total revenue, likely in the range of 10% to 20%. Therefore, the estimated budget for the operator could be between $500,000 and $1.5 million per year.