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 Real Estate Blog 
Thursday, August 25 2011

A group of auto dealerships has secured the naming rights for the new downtown Evansville Arena. The Tri-State Ford Dealers will pay $4.2 million over 10 years to name the building the Ford Center. The new arena is expected to create more than 300 part-time jobs when it opens later this year.

Evansville Mayor Jonathan Weinzapfel is pleased to announce that the Tri-State Ford Dealers have acquired the naming rights for the new Evansville arena, which will hereafter be known as the Ford Center. The naming rights agreement, which will be presented to the Evansville Redevelopment Commission for approval on September 7, calls for the Tri-State Ford Dealers to pay the City of Evansville more than $4.2 million over a 10-year period.

“For a global company like Ford to decide that a marketing investment in Evansville is money well spent, well that just confirms that we’re a community on the rise and that we’ve got a stellar facility,” said Mayor Weinzapfel. “We obviously couldn’t predict what kind of response we’d receive when we put feelers out about naming rights for the new arena, especially in the current economic climate, so this is big time. Hats off to VenuWorks, particularly Steve Peters and Scott Schoenike, the Tri-State Ford Dealers, and everyone who made this deal possible.”

“The Ford Dealers throughout the Tri-State Region are excited to partner with the City of Evansville in becoming the naming rights partner of this fabulous facility. It will play an important role in transforming downtown Evansville. It is a place where they can showcase their world-class lineup of fuel efficient cars and trucks. This is a unique opportunity for the Tri-State Ford Dealers to support the City of Evansville while also reaching consumers outside their stores. The Ford Center is a first-class, state-of-the-art facility that mirrors what Ford is all about: Quality, Technology and Innovation,” said Rob Reynolds, Ford Senior Account Supervisor.

“These are indeed exciting times for the City of Evansville and the region with the construction of a new 11,000-seat facility now named the Ford Center. I believe you will see increased activity on Main Street as it transforms into a destination,” added Scott Schoenike, VenuWorks Executive Director, the firm that manages the Ford Center for the City.

The Ford Center is expected to draw more than 300,000 people through the doors in its first year with a variety of diverse family entertainment and sporting events, including serving as the home court for the University of Evansville men’s and women’s basketball teams as well as the home ice for the Evansville IceMen hockey team of the Central Hockey League (CHL).

The Ford Center is expected to create more than 300 part-time jobs in positions such as ushers, ticket sellers, ticket takers, concessions, and catering. In addition, local businesses around downtown and throughout the Evansville area will certainly see a positive impact because of the Ford Center, particularly restaurants and bar establishments that event attendees will patronize before and after Ford Center events.

Source: City of Evansville & InsideINdianaBusiness.com Report

http://www.insideindianabusiness.com/newsitem.asp?ID=49294

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
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The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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