Sprint Center delivers $2.1 million to Kansas City coffers
10/14/2010 11:28 AM
10/14/2010 4:42 PM
The Sprint Center celebrated its third anniversary by paying $2.1 million to the city as part of a profit-sharing agreement, and being ranked the second busiest arena in the country by a trade publication.
The downtown venue opened in October 2007 and while it hasn’t landed a major professional sports franchise, it has exceeded its goals when it comes to attendance from concerts and other events.
The arena is owned by the city and operated by Anschutz Entertainment Group of Los Angeles. As part of its agreement with the city, AEG splits half the profits with the city once the firm turns a 16 percent profit at the building.
“We couldn’t be more proud of our successful partnership with the City of Kansas City and the world-class reputation that Sprint Center has come to stand for,” Timothy J. Leiweke, president and CEO of AEG, said in a statement.
Pollstar Magazine ranked the arena’s third quarter attendance as the second best in the United States, and seventh in the world. The second-place ranking is the highest attained by the Sprint Center since its opening.
To date, the arena has hosted eight of the top 10 world-wide tours, according to AEG, including Paul McCartney, Elton John and Billy Joel, Eric Clapton, Justine Bieber, Taylor Swift, Lady Gaga, and James Taylor and Carole King.
“As Sprint Center celebrates its third anniversary, AEG remains committed to exceeding the expectations of our guests, artists, managers and agents,” Brenda Tinnen, the Sprint Center general manager, said in the statement.
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