Village of Hoffman Estates Finance Committee Meeting Minutes December 2025
NOW Arena Management Contract Amended with Oak View Group
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Description
The Village of Hoffman Estates approved a Second Amended and Restated Management Agreement with Global Spectrum, L.P. d/b/a Oak View Group for management and commercial sales services of the NOW Arena. The agreement begins January 1, 2026, runs four years, and includes options for two additional three-year extensions.
Contract Details
Vendor
GLOBAL SPECTRUM LP DBA OAK VIEW GROUP
Agency
Hoffman Estates village (pt.), IL
Contract Type
FACILITIES
Document Date
December 15, 2025
Contract Term
Initial four-year term, January 1, 2026 through December 31, 2029, with two, three-year extensions at Village's option (to December 31, 2032 and December 31, 2035)
Renewal Date
2029-12-31
Renewal Info
Agreement includes two, three-year extension options at the Village’s discretion, potentially extending to December 31, 2032 and December 31, 2035.
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