Shoreline Amphitheatre in Mountain View, CA, has been named 'Outstanding Business' from Mountain View's Chamber of Commerce.
"Shoreline's employees are tireless in their efforts to ensure a safe, clean, and fun environment for patrons." says David Mayeri, C.O.O. Clear Channel Entertainment Music, Western Region. "Shoreline is committed to making every effort to use its resources to give back to the community, which has graciously supported the venue over its 16 years of operation."
RRUN Ventures Network, Razzor Records To Develop Nightclub-Styled Venue
RRUN Ventures Network's RAHX subsidiary has entered into a joint venture with Razzor Records to develop a new nightclub-oriented entertainment venue in the Tampa Bay area.
Once developed, the nightclub-styled venue will become part of the RAHX Network of Clubs. RAHX will become the controlling majority owner of the entertainment establishment and Razzor will retain a minority equity stake.
"We believe this venue, after becoming operational, could potentially generate revenues of approximately $3 million annually with potential earnings of 25% post tax," said Ray Hawkins, founder, chairman and CEO of RRUN.
"We worked diligently to transition our discussions with RAHX into a joint venture arrangement in order to aggressively move forward in the development of the venue," added Razzor Records' Johnny Yates and Craig Blackwell. "As this joint venture is an important step of progress towards revenue for RAHX and RRUN, this initiative is a key step in moving our business to the next level. We look forward to getting started, and anticipate being able to achieve significant developmental milestones in the coming weeks."
Ray Hawkins, founder, chairman and CEO of RRUN, further commented: "Razzor is an ideal joint venture partner. Firstly, the quality site they have brought to the table will be a potential revenue-producing property our shareholders will be happy we are in the process of developing. Secondly, they have had experience with live entertainment, understand the Tampa Bay market very well and have many quality contacts, including the top local radio stations, which can facilitate the marketing of this venue. Although we have many steps to accomplish prior to the scheduled opening of the venue next year, we anticipate success which will enhance our shareholder value."
Ted DeDee Resigns From TPAC
Ted DeDee has resigned as executive vice president and general manager of the Tennessee Performing Arts Center in Nashville to become manager of the to-be-built 1,900-seat, $120 million Nashville Symphony Hall, in the same city. Groundbreaking is expected next year, with the grand opening scheduled for September 2006.
Poway Center Director Resigns
Gary Neiger, executive director of the financially troubled Poway (CA) Center for the Performing Arts, has turned in his letter of resignation, effective December 6, reports the North County Times. Neiger said he holds himself responsible for the city-owned center's financial woes, which has a $100,000 debt.
Two days prior to his resignation Poway Center for the Performing Arts Foundation received $252,000 from the city. Most of it will used to pay off its debt and keep the organization operating through the end of the fiscal year next June; The foundation handles professional programming at the 815-seat theater.
"I have come to the conclusion that it is in everybody's best interest to start fresh with new leadership at the foundation," Neiger wrote in his letter. "All too often, we see nonprofit executives fail to step up and take responsibility for their leadership. The result is erosion in public confidence. As the CEO, I take full responsibility for the financial difficulties that the foundation is currently facing."
Foundation President Marc Davis told the paper, "We struggled with the acceptance but thought that it was best for the foundation and best for Gary. Both sides have the greatest respect for each other. "We wish (Neiger) the very best and are going to support him in his future endeavors."
Neiger was the center's first full-time director and was hired by the foundation in November 1998 after a nationwide search.
A nationwide search will get started for both an interim director and, eventually, a long-term one.