Thursday, August 26, 2010

Bartering With The Greensboro Coliseum Part #5 Yes Weekly!

Yes Weekly Bartering Agreement With Greensboro Coliseum

The Greensboro Coliseum has barter agreements with some local companies and with the Greensboro City Council meeting on 7-20-2010 they were funding a new facility called the VIP Room. It was pointed out on another post at TRIADWATCH CLICKHERE about questions for Coliseum Director Matt Brown in regards to bartering services and construction jobs at the coliseum . This post and other post in the coming days will show you what we received in a open records request under North Carolina state law inquiry into the barter agreements at the Greensboro Coliseum.

Part #1 Barter Agreement with WFMY News 2 CLICKHERE
Part #2 Barter Agreement with Greensboro News and Record CLICKHERE
Part #3 Barter Agreement with The Rhinoceros Times CLICKHERE
Part #4  Barter Agreement with Our State Magazine CLICKHERE

Part #5 Barter Agreement with Yes Weekly!

This barter agreement between the Greensboro Coliseum and the weekly triad newspaper in Yes Weekly! is for a 2 year agreement which started on August 1, 2009 and runs through July 31, 2011 .
If you would like to see the agreement click on the scribd version above and here is what is in the agreement.

Yes Weekly! gets:

6 VIP Carlyle Club memberships
2 back lit signage panels located in the arena concourse (40" by 60")
4 Broadway Gold Circle season tickets valued at $1,160 and $1,840 worth of various other tickets for events at War Memorial Auditorium(based on venue availability from event contracts)

Greensboro Coliseum gets:

52 full page ads in Yes Weekly! to run as one ad per week for 52 weeks with a total of $56,420 with it being a value based on the 2007 rate card.

We also found out that Yes Weekly! is also in talks with the Greensboro Coliseum on naming rights at the new amphitheatre that is being built along with the new VIP room, CLICKHERE with a editorial title "Nature of the Business". You will also see this in the editorial

" Currently at issue is an ACC VIP lounge, approved by council last week, to be funded by a grant from Ovations as part of a deal for securing concession rights in the arena. Some seem to feel that the money should have been used against the $1.8 million or so subsidy afforded the venue by the city."
This grant money as the editors at Yes Weekly! state should go back and pay down the $1.8 million subsidy the Greensboro taxpayers pay each year. It would be interesting to see if the Greensboro City Council signed off on this million dollar contract with Ovations or does Matt Brown have complete control over everything and every contract because as we have seen with the Brady Trane barter agreement it might just be illegal to have a barter agreement like that one on a construction job for a state of the art HVAC system which might need to be bidded out and not bartered out.

If you would like to see what the Carlyle Club looks like CLICKHERE , it is now called "The Club" because Carlyle & Co is no longer in existence as a local high end jeweler in the area.

The Club

We invite individuals and corporations to become members of Greensboro's exclusive sports and entertainment club and experience all the Coliseum has to offer from reserved premium Club level seats.

Your membership to The Club includes these exclusive privileges:
• A luxuriously upholstered arena seat in the carpeted prime mid-court or end-court upper level Club sections
• Professional wait staff service at your premium Club seat
• Complimentary tickets* to major Coliseum events
• VIP parking and private Club entrance
• Full access to Club facilities, including bar/lounge/dining area and private restrooms.
• Buffet service for Club Members only

Look for more post in the coming days on other local companies who barter and have advertising agreements with the Greensboro Coliseum.

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