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Home My WebLink AboutPresentationavE nPTion . 0500 music events. - �._n n:.an` 1 0+ music venues • a. outdoor amphitheaters - ,jai -festivals ni Iron -fan database 0-artists major sponsors - •v t web -preseen e is l ion, an revenues ne_and-over-15Moct--- i�r�i yaps. LIVE nfTIon To become the #1 music brand in the world To bring live events and products to music fans worldwide that capture, market and sell the essence of live Servant: Artist/Fan/Shareholders Passion for Music Transparency & Integrity 3 Canada (4) • e United States `` (107) ®erP ° 0 ® • • • • ® .0 • Sweden Norway (1) • Nether) s •Finland Belgiu Denmark. Ireland* � Germany (1) U:K • Poland PEI)�ACzech Republic France' > ®Hungary. ® Italy Spain (1) operates a first -in -class North American/European venue network and the leading global concert promotion team in the world. LTvE nPTIon • Beijing Shanghai • °Hong Kong Live_ Nation Office ) = Number of venues per country 4 13300+ artists GLOBAL CONCERT PLATFORM Large and boutique amphitheaters Avg. capacity 5,000 — 30,000+ LIVE nRTIon The Live Nation venue portfolio provides a diverse range of live music experiences for a variety of audiences. Live Nation usic Venues Fillmore Branded Clubs & Music Theaters 26 Mid -size music clubs Avg. capacity 1,000 — 4,500 • Smaller music clubs Avg. capacity 1,000 — 1,500 6 LTvE nPTion ate out -door experience i m sound and fans. nPTion -entertainment brands founded n Uy recognized brand with g fan connection: A CANFIVIVIlilit TO ton Altiances drive safes and achieve brand ctives for corporate partners. s dedicated to Live Nation has relationships with some of the top companies in the world. NOKIA nerfing People LAVE nPTion Cellar Door Concerts of Florida Inc., a subsidiary of Live Nation: • Has been producing shows and operating venues in Florida for over 35 years. • Florida offices include Ft. Lauderdale, Tampa, Orlando and West Palm Beach. • Over 400 events produced annually in Florida. • Two Amphitheaters -The Ford Amphitheatre in Tampa and Sound Advice Amphitheatre in West Palm Beach. • Club alliances in Miami, Ft Lauderdale, Tampa and Jacksonville feed a pipeline of acts as they grow into larger venues. LIVE nATIon Historically Bayfront Park has been the gateway to Miami. It has played an integral role in the economic and social evolution of the City of Miami. • Premier South Florida location • Well known venue for promoters • Home to prominent acts • Incredible views include — Miami skyline — Biscayne Bay • World class facility potential entrant Park avE nATion Live Nation seeks to partner with the City of Miami and The Bayfront Park Management Trust to: • Expand on the success of The Bayfront Amphitheater by enhancing the venue to provide a greater customer experience •Create a multi -faceted event programming schedule that embraces and contributes to Miami's culturally diverse lifestyle • Design an event schedule to maximize the use of Miami's year round outdoor climate • Offer first-class options through Live Nation's national food and beverage concessionaires LIVE nATIOn Live Nation would make the following financial commitment to The Bayfront Park Management Trust (BPMT): • Enter a 10 year operation and management agreement including two five year renewal options at Live Nation's discretion. • Pay Year One rent of $625,000 escalating at 3% over the 20 year term. Year 20 rent of over $1, 000, 000. • All revenues from operations would belong to Live Nation. • Spend additional monies in capital improvements as they become necessary. LIVE nPTion Live Nation would make the following capital improvements to the venue prior to operation: • Replace existing stage with a new stage consistent with current industry standards. • Install new Food and Beverage locations characteristic of a world class facility. • Replace existing bench seating with modern individual stadium seating. • Build ten four person corporate boxes offering premium wait services. Future capital improvements to be considered: • Restaurant • Roof top lounge/VIP Club aye nnTion • Demolition of existing stage roof • Replace with new stage roof • Install a new grid system — 60' wide and 40' deep — Approximately 45' high — Includes 8' x 8' bays with a 40,000 lb capacity — New grid will accommodate sound and Tight trim heights used in most touring production configurations. L1'vE nr Tlon • Create 55 new points of sale at Food and Beverage sales areas. • Concession offerings to include 10-12 food items, bottled water and soft drinks as well as beer, wine and cocktails. • Provide private wait service to corporate boxes. Service to include food, beer, wine, cocktails and soft drinks. • Provide vending services by trained hawkers for patrons on the GA lawn. Hawked items to include snacks, candy, beer, wine and soft drinks. • Backstage catering will include super premium menus that are tailored to each bands taste. LYvE nPTion Replace existing bench seating with modern individual stadium seating Lave nPTion Build approximately 10 state of the art corporate boxes, each including private wait service, tables and seating to accommodate 4 people. Boxes to be located at back of seating area. LIVE nPT(on Enhance directional and sponsorship signage valid on the past success of t e nt Park Amphitheater. iI nce th-e Oren-ue -t-hroug i - dernization of existing fa ili gate multi -faceted events or our community Provide`` year round en t r'a and cultural events *Create a World Class Outdoor ertainment Venue LIVE nnTlon Baviront Park !II LIPr%fr. lA d - �. ''d� 'ti. The Bayfront Park Management Trust The City of Miami ation 1-tar;Door Concerts of Florida, inc. and parent Company Live Nation �rldWide, Inc. (together "Live Nation") are uniquely qualified to plan,develop and provide services necessaryfor the renovation, operation, maintenance and management of the Bayfront Park m phitheater Over $16 0 million in guaranteed income to The Bayfront Park Management Trust "BPMT" over 20 yr (10 plus two five yr options) proximately $2.O million investment in property LTVE fl PT I O fl The Bayfront Park Management Trust Baviront Park. J; P ill kI v'•'� The City of Miami LTvE nPTion Live Nation and City acknowledge and agree that this proposal is only for informational purposes and to set forth some of the material terms of an agreement to be negotiated between the parties and that there are more details which need to be negotiated and finalized, including, without limitation, financial matters, sponsorship details, standards of operation, assignability, etc. It is understood that this proposal and any documents transmitted herein do not constitute a binding agreement and that no binding agreement will exist until an acceptable document has been executed by both parties and approved by Live Nation's board. 24