Hoffman Estates Considers New NOW Arena Management Deal
Hoffman Estates village (pt.)City · Hoffman Estates, IL- Disclosed value
- Base management fee $180,000 in 2026; $1,000,000 capital contribution to Village
- From agenda
- Document date
- Dec 15, 2025
- Renews
- Free account
The 30-second brief
The Village of Hoffman Estates is considering approval of a Second Amended and Restated Management Agreement with Global Spectrum, L.P. d/b/a Oak View Group to manage NOW Arena and handle commercial sales. The deal sets a $180,000 base management fee for 2026, restructures incentive fees, and includes a $1 million capital contribution over an initial four‑year term starting January 1, 2026 with options through 2035.
Global Spectrum Lp Dba Oak View Group holds this professional services contract with Hoffman Estates village (pt.). Its other public contracts on record include work for City of Casper and Raytown C-2 School District.
The renewal date is on record. A free account shows it, with the renewals for every Hoffman Estates village (pt.) contract.
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Contract details
- Contract type
- Professional Services
- Amount
- Base management fee $180,000 in 2026; $1,000,000 capital contribution to Village
- Document date
- December 15, 2025
- Term
- Initial term January 1, 2026 – December 31, 2029 with two three-year extensions at Village’s option through December 31, 2032 and December 31, 2035
- Renews
- Free account
- Source document
- Village of Hoffman Estates Finance Committee Agenda December 2025 (Agenda)
Global Spectrum Lp Dba Oak View Group's other public contracts
More Hoffman Estates village (pt.) contracts
Questions about this contract
Who was awarded the professional services contract by Hoffman Estates village (pt.)?
Global Spectrum Lp Dba Oak View Group was awarded this professional services contract by Hoffman Estates village (pt.), as recorded on December 15, 2025. The contract value is Base management fee $180,000 in 2026; $1,000,000 capital contribution to Village.
How much is the Global Spectrum Lp Dba Oak View Group contract with Hoffman Estates village (pt.) worth?
The Global Spectrum Lp Dba Oak View Group contract with Hoffman Estates village (pt.) is valued at Base management fee $180,000 in 2026; $1,000,000 capital contribution to Village, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Village of Hoffman Estates Finance Committee Agenda December 2025 (Agenda), dated December 15, 2025 from Hoffman Estates village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Global Spectrum Lp Dba Oak View Group hold?
Global Spectrum Lp Dba Oak View Group 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 Hoffman Estates village (pt.) currently buying?
Explore Hoffman Estates village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.