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Youngstown may dish out $500K to void Covelli food pact
TweetYOUNGSTOWN — After some rocky times, the city’s Covelli Centre is seeking to end its relationship with the facility’s food-and-beverage vendor.
But it’s likely to cost the city-owned arena more than $500,000 to break the contract.
City officials have tried for years to get Boston Culinary Group — it’s been Centerplate since late 2009 when that company purchased Boston Culinary — to leave the center.
The company has a 10-year contract and has refused to leave without a full buyout of its deal that expires in September 2015.
Boston Culinary spent about $1.2 million in equipment and materials for the center with its contract calling for the facility to pay about $120,000 annually over 10 years to the company. The company’s contract began in September 2005, a month before the center opened.
“We’ve come to an understanding, and we want to discuss that with [city] council,” said Kyle Miasek, the city’s deputy finance director. “We’ll provide [council] with the details” at a noon Wednesday meeting.
For the complete story, read Tuesday's Vindicator and Vindy.com
Comments
Just a $500,000 here and another $500,000 there and it all adds up . So between Police Chief Jimmy's retirement bonus and the shellout to Boston Culinary Group there goes a cool million . So what are the taxpayers getting in return ? A bad experience and our elected eying a way to tax them more .
Typical. City makes poor decisions-Taxpayers foot the bill.
Might want to check the pockets of the politicians who negotiated with BCG. A campaign contribution maybe!
Without knowing all the details, it sounds like another bad decision by Y-town and a good deal for BCG.