Northerly Island Event Venue - Management and Operation

The contract is for the management and operation of the Northerly Island Event Venue in Chicago, Illinois. The venue is a special event and entertainment facility that hosts various events, including concerts, family shows, trade shows, and civic events. The contract outlines the terms and conditions for the management and operation of the venue, including the allocation of revenues and costs, the provision of services, and the termination of the agreement. The contract also includes provisions for the payment of fees, including a base annual use fee, a naming rights fee, a ticket fee, and a gross concession revenue fee. The contract is for a term of 9 years, with the option to renew for an additional year. The contract value is estimated to be $1,364,657.60.