Prescott Valley City Council Approves Licensing Agreement with Sunwest HC, Inc. for Youth Sports Complex
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On September 23, 2021, Prescott Valley City Council authorized the purchase of the Yavapai County Exhibition Center in the former Yavapai County Exhibition Center complex. The ultimate intention of the purchase was to license the building and additional land (a total of 37 acres) to a third party for the creation of a youth sports complex. The purchase transaction with the county is expected to close on Monday, November 22, when the city officially takes ownership.
On Thursday, November 18, at its regular meeting, Council approved a license agreement with Sunwest HC, Inc. to create and operate the complex.
Under the terms of the agreement, Sunwest HC, Inc. will be responsible for all building maintenance, renovations and utilities. Any permanent modification made to the building will become the property of the City at the end of the agreement. Sunwest HC, Inc. will pay rent of $ 100,000 the first year, $ 125,000 the second year and $ 150,000 the third year. The rent for the four and five years will be based on a standard consumer price index (CPI) adjustment using the third year as the base.
Sunwest HC and the City of Prescott Valley will share all of the naming rights revenues from the building, as well as a supplement on tournaments, which is also expected to generate indirect revenues and other economic benefits for the city, as players and their families stay in local hotels and eat at local restaurants.
As part of its operation during the tenure, Sunwest HC, as the Wheelhouse Sports Complex, has indicated its intention to install two portable rinks and two volleyball courts inside the building as well as other renovations and repairs. It also provides for a BMX track in an open area to the south of the building. Wheelhouse board chairman Charlie Arnold said Wheelhouse is planning three possible roller hockey tournaments in 2022, with a projection of 500 players per tournament, and forecasting jobs for 20 people.
The duration of the license agreement is five years with potential extensions of two years. For updates, visit Wheelhouse AZ on Facebook.
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