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Board Of Aldermen - Minutes - 5/2/2017 - P54

By dnadmin on Sun, 11/06/2022 - 21:56
Document Date
Tue, 05/02/2017 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 05/02/2017 - 00:00
Page Number
54
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__050220…

OM

Governance recommendations

In this case we recommend that the City of Nashua be the owner and and operator,
with at least two partners:

1. A foundation to raise money and represent the interests of the private sector.
2. Aprogrammer to bring cultural and entertainment events to the new facility.

We make this recommendation given:

The City has the resources and the ability to recruit the skills required to manage
the Center, and the City’s mandate to serve local residents is consistent with our
operating goals of providing access and support to local and regional residents
and visitors.

The Foundation can play a role through the renovation, leading the private sector
component of the capital campaign and providing guidance and advice to the City
as the project advances. Once the Center opens, the Foundation can play an
ongoing role in fundraising for annual support, taking some responsibility for
programming, education, and outreach. That promise of an ongoing role will be
important to drive private sector financial support for construction and operations.

A programmer can be solicited through a competitive bid process and be
contracted to take the risk on programming the Center.

LD DDD DOD

Webb Management Services Inc. Page 32

Page Image
Board Of Aldermen - Minutes - 5/2/2017 - P54

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