Agenda Item Request:
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Authorize the County Manager to sign a 5-year lease with PowerPlay LLC (Maine Mariners Hockey)
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Background and Purpose of Request:
A year ago, PowerPlay LLC purchased the Maine Mariners hockey team from Spectra, the company who owns the NHL Philadelphia Flyers and who purchased the ECHL team and brought the team to Portland. PowerPlay purchased the team with one year left on the lease with the County.
Since November of 2024, a subcommittee of CIA Trustees and myself have been negotiating the lease arrangements with the team. Trustee Chair Steve Woods and myself have run point, representing the County at the negotiations table.
The terms before you this evening, meet the guidance received from the County Commissioners and the Trustee subcommittee. The term of the lease is for five years, with one additional year mutually agreed upon. We are happy to bring forth this lease arrangements and look forward to having great ECHL hockey in Portland over the term of the lease.
Funding Amount and Source: Lease Revenue based on Games & Attendance
Effective Date: September 15, 2025 (lease year will be July 1 – June 30)
Attachments: Redline Lease
Final Clean version of Lease