City of Riverside Awards Financial Services Contract to Live Nation Entertainment Inc (September 2024)
City of RiversideCity · Riverside, MO- Disclosed value
- Not to exceed $119,730,000 (aggregate maximum principal on bonds issued)
- From agenda
- Approved
- Sep 17, 2024
The 30-second brief
The City of Riverside authorized issuance of up to $119.73 million in industrial revenue bonds and approved a lease with Live Nation Entertainment, Inc. for the construction and operation of a new 15,000-seat amphitheater. Lease payments by Live Nation will repay the bonds.
Live Nation Entertainment Inc holds this financial services contract with City of Riverside. Its other public contracts on record include work for Somerset village and City of Atlanta.
Term as filed: Lease agreement tied to bond issuance as of September 1, 2024; term per lease and bond documents (multi-year, likely 20-30 years typical for such projects).
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $119,730,000 (aggregate maximum principal on bonds issued)
- Document date
- September 17, 2024
- Term
- Lease agreement tied to bond issuance as of September 1, 2024; term per lease and bond documents (multi-year, likely 20-30 years typical for such projects)
- Agency
- City of Riverside
- Source document
- City of Riverside Board of Aldermen Meeting Agenda Sept 17 2024 (Agenda)
Live Nation Entertainment Inc's other public contracts
More City of Riverside contracts
Questions about this contract
Who was awarded the financial services contract by City of Riverside?
Live Nation Entertainment Inc was awarded this financial services contract by City of Riverside, as recorded on September 17, 2024. The contract value is Not to exceed $119,730,000 (aggregate maximum principal on bonds issued).
How much is the Live Nation Entertainment Inc contract with City of Riverside worth?
The Live Nation Entertainment Inc contract with City of Riverside is valued at Not to exceed $119,730,000 (aggregate maximum principal on bonds issued), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Riverside Board of Aldermen Meeting Agenda Sept 17 2024 (Agenda), dated September 17, 2024 from City of Riverside. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Live Nation Entertainment Inc hold?
Live Nation Entertainment Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Riverside currently buying?
Explore City of Riverside's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.