(CelebrityAccess MediaWire) — International Coliseums Company and Global Spectrum have dissolved a joint venture agreement between the two companies. As a result, Global Spectrum will now be the sole operator of the Budweiser Events Center in Fort Collins, Colorado, and the Ikon Center in Cheyenne, Wyoming, and ICC will solely operate the Dodge Arena in Hidalgo, Texas.
“This new agreement is an ideal conclusion for both of our companies,” Global Spectrum Chairman Peter Luukko said in a press release from the companies. “It became apparent as we conducted our day-to-day business that we could no longer co-exist as joint venture partners. We both agreed it was necessary to sever our relationship and continue operating as separate companies.”
The politely-dissolved venture ends month of feuding between the partnered companies, after Global Spectrum accused ICC of trying to terminate their contract at Dodge Arena, then getting a court-ordered restraining order against the management group in return.
Upon dividing their properties, the company’s resolved their differences and went their separate ways.
“We thank Global Spectrum for their efforts as partners in Dodge Arena, and wish them continued success in their endeavors,” Rick Kozuback, President and CEO of Global Entertainment, the parent company of ICC, said in the press release. “Additionally, we look forward to not only meeting but exceeding the various operational needs of Dodge Arena.” –by CelebrityAccess Staff Writers