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SBD/Issue 197/Facilities & Venues
Levy Takes Over Concessions At Conseco, Palace Of Auburn Hills
Published July 1, 2009
ANOTHER DROPPED CONTRACT FOR CENTERPLATE: Centerplate has now shed four contracts in the span of a month as its new owner Kohlberg & Co., a private equity firm, continues to evaluate which current deals make the most sense to retain as it rebuilds a firm that struggled financially as a publicly held entity. Besides the Palace, Centerplate is no longer the food provider at Xcel Energy Center in St. Paul, the Greensboro Coliseum and the Rose Bowl. Centerplate President & CEO Des Hague said he was disappointed to lose the two major league accounts. The Palace, for which Centerplate was paid an annual management fee tied to performance incentives, was the only one of the four venues that ranked among the vendor’s 50 most profitable deals, Hague said. “Both were lost due to improved terms by the competition ... and not through a failure of Centerplate to provide great service,” he said. Palace Sports will offer jobs to the 200 employees who worked for Centerplate, including 12 to 14 full-timers, Etemad said.