UPDATE @ 7:02 p.m.: The city's $19.3 million music venue will be called the "Stuart & Mimi Rose Music Center At The Heights" after City Council on Thursday night approved a $4 million lifetime naming rights deal with the Rose foundation.
The contract calls for the $4 million to paid out over two 10-year terms, at $200,000 a year.
Rose is the CEO of REX American Resources Corp., a Dayton-based ethanol producer.
“The wisdom this council has shown in continuing to invest in our city and its citizens is impressive,” Councilman Mark Campbell said. “We all know long term the only way to achieve the necessary income, jobs, quality of life and future health of our city will only be accomplished by growing our tax base, and today, we see the fruits of our efforts.”
The music center is completed and will open in the spring. The 4,500-seat covered seasonal venue is located at 6800 Executive Boulevard.
FIRST REPORT (Jan. 12)
The city of Huber Heights expects to finalize a naming rights deal for the new music center this week.
City Council on Monday night sent legislation to a second reading on a proposed $4 million lifetime naming rights deal, in order to have the contract language reviewed.
A special meeting is expected this week to vote on the contract. The proposed deal with an undisclosed foundation would be over 20 years, with a minimum of $200,000 a year.
A $2 million lifetime deal — $200,000 a year for 10 years — with the same foundation had been originally discussed.
The $19.3 million music center, which has been completed, opens this spring.