Hoffman Estates Finance Committee Agenda January 2026
Village Approves Management Deal with Oak View Group for NOW Arena
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Description
The Hoffman Estates Finance Committee approved a resolution authorizing the Second Amended and Restated Management Agreement with Global Spectrum L.P. d/b/a Oak View Group to manage and provide commercial sales services for NOW Arena from January 1, 2026 through December 31, 2029, with two optional three-year extensions.
Contract Details
Vendor
GLOBAL SPECTRUM LP DBA OAK VIEW GROUP
Agency
Hoffman Estates village (pt.), IL
Contract Type
OTHER
Document Date
January 26, 2026
Contract Term
Initial four-year term, January 1, 2026 through December 31, 2029; includes two, three-year extensions at Village option to December 31, 2032 and December 31, 2035
Renewal Date
2029-12-31
Renewal Info
Initial four-year term with two successive three-year extensions at Village's option (could extend contract to December 31, 2035). This is a restated and amended agreement superseding prior versions.
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