Venue Detail
Iowa Wild
RSV Pro Facilities Report
February, 2016
Iowa Wild
730 Third St Des Moines, IA 50309 Phone: 515-564-8700 URL: www.iowawild.com Owner: Minnesota Sports and Entertainment League: American Hockey League, North Division
Venue
Wells Fargo Arena, 730 Third St, Des Moines, IA 50309 Owner: Polk County Managed by: Global Spectrum Built: 2005 Capacity: 17,000 Concessionaire: Ovations Food Services Suite caterer: Ovations Food Services Soft drink:
Naming rights
Sold to: Wells Fargo Price: $11,500,000 Term: 20 years Expires: 2024
Ticket prices
Season tickets range from $342 to $1,140 Single tickets range from $9.00 to $40.00
Attendance
2013 average attendance: 5,883 2014 average attendance: 5,659
Suites
Quantity: 36 Term: 3 to 7 years Price: $35,000 to $50,000 Seats: 12 to 12
Club seats
Quantity: 600 Term: 1 to 1 years Price: $798 to $798
Financing
The $217 million arena was financed by the county.
The Iowa Events Center complex includes the new Wells Fargo Arena and the Hy-Vee Hall convention center.
The venue is managed by Global Spectrum under an agreement that gives the firm the first $500,000 in revenue from the arena. Earnings above that are split with the county getting as much as 80 percent of the additional money. The county keeps the $11.5 million for arena naming rights and the $8 million for convention center naming rights. The company gets all other revenues and must cover operating expenses.
Global Spectrum will be paid $15,000 a month to manage the new Hy-Vee Hall convention center and the existing Veterans Memorial Auditorium and Polk County Convention Complex.
The firm was required to find an AHL hockey team for the building and is required to pay $4,000 in base rent if games are canceled because of a strike. Global Spectrum has promised not to manage any other facility within 100 miles of the arena. The county gets a free luxury suite and six parking spaces. (Facilities, Ice Hockey, Minor League, Professional Sports, Venue)