Nederlander Disappointed with Rec and Parks Board Decision … Urge Dept to Reconsider

VOICES-Nederlander is disappointed that the Board of Recreation and Parks has accepted the recommendation to self-operate the Greek Theatre.  

Nederlander has successfully operated the iconic Greek Theatre for four decades, with a proven track record of ensuring the s afety and well-being of our fans, community and the City.  If this plan is to be implemented, it would require several more steps by the Department.   

We urge the Department to reconsider today's action and instead amend and extend Nederlander’s existing Greek Theatre Operating Agreement with an increased annual minimum rent guarantee to the City of $3.5 million for 2016, with zero expense or risk to the City.   

This is the most fiscally responsible and seamless option for the City, backed by an operator with expertise in concert booking, management, promotion and community relations. 

Nederlander is committed to the legacy we have built with the Department as a loyal tenant that works in partnership with its community and delivers guaranteed returns to the City.  

We have received overwhelming support from numerous groups, including the Greek Theatre Advisory Committee, The Neighborhood Council Budget Advocates Committee, The Los Angeles Neighborhood Council Coalition and Los Feliz Improvement Association, plus 30,000 community members and we know that it is in the best interest of the City to continue its partnership with Nederlander. 

● See also: ‘Save the Greek Theater … from Rec and Parks’     

(Alex Hodges is CEO of Nederlander Concerts)

-cw

 

 

CityWatch

Vol 13 Issue 32

Pub: Apr 17, 2015