Pact would end Chevy Centre management contract

October 16, 2007 at 4:22p.m.

YOUNGSTOWN — City officials will consider an agreement Wednesday to dissolve International Coliseums Co.’s contract to manage the Chevrolet Centre.

The two sides have come to a tentative agreement that ends the two-year relationship, said Mayor Jay Williams.

“Financial considerations are part of the negotiations,” said Williams, who declined to give specifics.

The city will get about $600,000 from ICC as part of the settlement, a person familiar with the deal said.

During a contract restructuring deal in July 2006 ICC agreed to guarantee the city would receive at least $600,000 annually each Sept. 1 regardless of the financial success of the city-owned facility.

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