City, Global Spectrum sign letter of intent

The City of Penticton and Global Spectrum have signed a letter of intent to finalize terms for a new, 5.5-year contract for the management of the South Okanagan Event Centre complex.

"This was an exhaustive review of SOEC complex management, and we are incredibly pleased with the outcome," said Acting Mayor Garry Litke. "Global Spectrum has proven its commitment to performance, accountability and providing value to the community. The new contract confirms that the SOEC complex is on the right track."

A request for proposals (RFP) was issued in March for the management of operations, marketing, food and beverage services, and ticketing. There were five bids, and those proposals were extensively reviewed by a selection committee comprised of Council members, staff and members of the community. Of the proposals, evaluation of Global Spectrum's proposal scored the highest.

The new contract will consolidate four agreements into two – for facility management and ticketing. The streamlined agreements will significantly reduce the City of Penticton's contribution to the facility, building on the $1 million operational savings achieved since 2009.

"Serving Penticton and South Okanagan has been an incredible experience, and we are honoured to be given the responsibility of facility management once again. Penticton represents a very important anchor to Global Spectrum's growing business in the west, where we manage the EnCana Events Centre in Dawson Creek, Abbotsford Entertainment & Sports Centre and Everett Events Center in Washington," said John Page, Global Spectrum Chief Operating Officer. "Our team has worked very hard to ensure the SOEC is efficient and makes a difference to the local economy. We look forward to even greater success for the complex, the City of Penticton and community in years to come."

An economic impact study of the facilities found more than $33.9 million in economic activity is generated locally as a result of events held at the SOEC complex. Penticton Trade and Convention Centre delegates spend more than $12 million annually in Penticton, while people who attend SOEC events like concerts spend more than $6 million in the community. The economic spinoffs of this complex support an estimated 360 jobs in the region.