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NEWS RELEASE

04-25-01

Contacts:
Murray Blackwelder, External Affairs, (515) 294-7730
Warren Madden, Business and Finance (515) 294-6162
John McCarroll, University Relations, (515) 294-6137


NEW MANAGEMENT CHOSEN FOR IOWA STATE CENTER

AMES, Iowa -- SMG has been selected to manage the Iowa State Center at Iowa State University.

SMG, which is headquartered in Philadelphia, is owned by Aramark Corp. and the Hyatt Hotel chain. SMG manages 117 arenas, stadiums, theaters and convention centers across the country. A five-year management agreement with SMG will begin July 1, though contract details are not finalized. SMG will manage events, conferences and concessions at Fisher Theater, Stephens Auditorium, Hilton Coliseum and the Scheman Building.

"SMG offered the best opportunity to reduce operating subsidies through additional national event programming, reduced operating costs and increased concessions sales," said Warren Madden, vice president for business and finance. "SMG has the added benefit of being financially capable of promoting events for ISU's venues."

Among the facilities managed by SMG are Denver's Mile High Stadium; Louisiana Superdome; Chicago's Soldier Field; Miami Beach Convention Center; Grand Rapids (Michigan) Convention Center; San Francisco Civic Auditorium; and facilities at Tulane University, Western Michigan University and Cleveland (Ohio) State University.

SMG proposed to retain all Iowa State Center employees. The Center employs 36 full-time people. SMG was chosen through a bidding process involving a committee of 18 university faculty, staff, students and Ames officials.

The Iowa State Center has been under private management for 13 years, primarily with Ogden Corp. Last year, Aramark purchased Ogden's venue management businesses and food and beverage concessions.



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