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SARATOGA SPRINGS (CelebrityAccess MediaWire) -— Saratoga Performing Arts Center has signed on for an additional 5-year stint with Live Nation.

The renewed deal will start in 2010 and it includes options for an additional 5-year extension that would expire in 2020 with no substantive change in the fee structure, the Saratogian reported.

Live Nation has been producing events at SPAC for nearly a decade and in that time, the PAC has seen performances from major touring artists such as The Police, Bruce Springsteen and Dave Matthews.

"We value our partnership with Live Nation and recognize that their financial support is critical to sustaining our summer residencies with the Ballet and the Orchestra," Marcia J. White stated in a press release.

"Our new contract is a sound blueprint for the continuation of this partnership and will help ensure the future and success of both our organizations," White added. "It’s truly a win-win." – CelebrityAccess Staff Writers