THE COMPANY THAT MANAGES THE TYSON EVENTS CENTER IN SIOUX CITY SAYS NOTHING WILL BE CHANGING REGARDING THE FACILITY’S NAME ANY TIME SOON.
OVG-360 SENT KSCJ NEWS A STATEMENT SAYING “AS OF NOW, TYSON HAS FULFILLED THEIR FINANCIAL OBLIGATION OF THE CONTRACT AND THE CITY AND THE OVG-360 TEAM ARE IN VERY INITIAL CONVERSATIONS WITH THEM ABOUT MOVING FORWARD”.
TYSON FOODS ORIGINALLY COMMITTED TO PAY FOUR MILLION DOLLARS FOR THE NAMING RIGHTS TWENTY YEARS AGO, AND PAID $200,000 PER YEAR FOR THE FIRST TWENTY YEARS OF THE BUILDING’S EXISTENCE.
OVG-360’S NICK PALMIOTI TOLD THE CITY COUNCIL LAST SATURDAY THAT THE $200,000 YEARLY PAYMENTS HAD BEEN COMPLETED, AND THERE WAS NO COMMITMENT FOR THE NEXT FISCAL YEAR:
NAME1 OC…NAMING RIGHTS DEAL. :17
TYSON FOODS HAS NOT RESPONDED TO KSCJ’S INQUIRY AT THE BEGINNING OF THE WEEK IF THEY PLANNED TO RENEW THE NAMING RIGHTS AGREEMENT.
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