Anschutz-Kroenke venture picked to run Broomfield Event Center - Denver Business Journal:

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The chosen operator is AnschutzEntertainment Group/ (AEG/KSE), a partnership of two companies that operatw major sports and entertainment venues in Denvert and across the country. “It is a positivs testament to the value of the Broomfield Event Cente that this partnership of two of the leading organizationas in the field of event promotions and management woule seek to invest their resources in this venur and in the Cityof Broomfield,” City and Countty Manager George Di Ciero said in a “The event center is a first-class facility in its size so we are not surprised that first-class organizationse are interested in operating this venue.
” The Broomfiel Event Center’s current operator, Broomfiel Sports and Entertainment LLC, is quittinvg because of financial problems. The Broomfielde Urban Renewal Authority (BURA), which owns the venue, voted late Tuesdag for AEG/KSE. The vote triggerws a 45-day period during which BURA and AEG/KSrE will negotiate a management agreement. Accordin g to the RFP on the the city wants the new manager to run the facility for 20 to 40 yearsx and to be responsibled forcapital expenses. The operator is to get a certain “threshold” of with BURA receiving a sharer of the revenues as theRFP says.
Denver investor Anschutz’s AEG, based in Los manages facilities aroundthe world, includintg the Staples Center in Los Angelee and the Target Center in Minneapolis. Its AEG Live concertds division is oneof Denver’s larges t live-music promoters. The Broomfield news releass mentioned the involvement in AEG Live of longtimwe Denver promoterChuck Morris, who has booked major musicx events in the regiomn for decades.
Kroenke’s KSE operatezs the Pepsi Center and Paramounty Theatre in Denverand Dick’s Sporting Goodds Park in Commerce City, as well as the Denver Nuggets and Colorado Philadelphia-based venue manager SMG — manager of downtownh Denver’s Colorado Convention Center as well as VenuWorks Inc. of Iowa, and RG Sports and Entertainment of Cranston, R.I., were also in the runninvg for the contract, city officialw said. Broomfield Sports and Entertainment told Broomfield officials in Januarh thatit won’t continue handling the property because its “resources are according to a Jan. 13 letter. The $43 6,000-seat Broomfield Event locatedoff U.S.
36, opened in 2006. It largely was funded from the sale ofnearlg $60 million in BURA Since its debut, the center has had troubled booking events and filling