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The original item was published from 11/22/2021 7:00:14 AM to 11/22/2021 7:01:35 AM.

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Posted on: November 22, 2021

[ARCHIVED] New License Agreement with Sunwest HC, Inc.

Wheelhouse_SQ

PV Town Council approves license agreement with Sunwest HC, Inc. for youth sports complex

Prescott Valley Town Council on September 23, 2021, authorized purchase from Yavapai County of the Exhibition Center at the former Yavapai County Fairgrounds complex. The ultimate intent of the purchase was to license the building and additional acreage (a total of 37 acres) to a third party for creation of a youth sports complex. The purchase transaction with the County is expected to close on Monday, November 22, when the Town will take official ownership.

On Thursday, November 18, during its regular meeting, Council approved a license agreement with Sunwest HC, Inc. to create and run the complex. 

Under the terms of the agreement, Sunwest HC, Inc will be responsible for all maintenance, renovations, and utilities for the building. Any permanent alterations made to the building will become Town property at the end of the agreement. Sunwest HC, Inc will pay rent in the amount of $100,000 in Year 1, $125,000 in Year 2, and $150,000 in Year 3. Rent in Years four and five will be based on a standard Consumer Price Index (CPI) adjustment using Year 3 as the base. 

Sunwest HC and the Town of Prescott Valley will share any revenue from naming rights for the building, along with a surcharge on tournaments, which are expected to also bring in indirect revenues and other economic benefits to the Town as players and their families lodge in local hotels and eat in local restaurants.

As part of its operation during the term, Sunwest HC, as Wheelhouse Sports Complex, has indicated its intent to install two portable skating rinks and two volleyball courts inside the building along with other renovations and repairs. It also plans a BMX track in an open area south of the building. Wheelhouse Board of Directors President Charlie Arnold said Wheelhouse plans three possible roller hockey tournaments in 2022, with a projected 500 players per tournament, and projects jobs for 20 people. 

The term of the License Agreement is five years with potential two-year extensions. For updates, visit Wheelhouse AZ on Facebook.

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