OVG 360 Renewal (6)OVG 360CONTRACTRENEWAL
Presented by
Autumn Gressett, Contract Administrator
September 12, 2023
Venue
Overview
The Federal Way Performing Arts
and Event Center is a vibrant
cultural hub nestled in the heart of
Federal Way. This state-of-the-art
facility stands as a beacon of
creativity and community
engagement, offering a diverse
range of entertainment and event
opportunities.
Facility
Highlights
T H E A T E R
R E C E P T I O N A N D E V E N T S P A C E S
A R T G A L L E R I E S
The jewel of the PAEC, the theater is equipped
with cutting-edge technology, making it a
premier venue for live performances, including
concerts, plays, dance recitals, and more.
The PAEC offers a range of adaptable spaces suitable for
conferences, weddings, corporate events, and galas. These
spaces can be customized to fit the vision of any event.
In partnership with the Federal Way Arts
Commission, the PAEC hosts an art gallery
within the lobby space, showcasing the
works of local and national artists,
MAKING A POSITIVE
DISRUPTION IN THE
ENTERTAINMENT &
HOSPITALITY INDUSTRY
Meet the Team
B R I A N H O F F M A N
General Manager
S T E P H E N M A R Q U E Z
Assistant General Manager
J E F F H A R T M A N N
Event Manager
V A N D I N H
Catering & Sales Manager
R E B E K A S C H U N K
Director of Finance
K A T E C R O T E A U
Arts Education Coordinator
A M Y L A N E
Box Office Manager
2018
August 1 - Venue Management Contract began
Contract
History
2019
Positive revenue impacts, overall subsidy
reduction through more efficient processes,
many sold out shows!
2020 - 2022
Global Pandemic shuttered the PAEC.
Venue Management team assisted in
housing three City departments, creating
diverse revenue streams and maintained
the facility during closure
2023
Completely re-opened, diverse clients
and sold out shows!
Theater
Tickets Sold
103,822
S I N C E A U G U S T 2 0 1 8
Sold Out
Theater
Performances
R O B E R T C R A Y 2 0 1 9
L E A S A L O N G A 2 0 1 9
9 8 .9 T H E B U L L F R O S T Y F E S T 2 0 1 9
R O B E R T C R A Y 2 0 2 1
N A T I V E C O M E D Y J A M 2 0 2 2
M E N O P A U S E T H E M U S I C A L 2 0 2 2
T H R E E O L O G Y 2 0 2 2
S A T I N D E R S A R T A A J 2 0 2 2
R Y A N A D A M S 2 0 2 3
Y A S I R H U S S A I N 2 0 2 3
R O B E R T C R A Y 2 0 2 3
R A N J I T B A W A 2 0 2 3
plus many more!
Other Notable Artists
F E D E R A L W A Y S Y M P H O N Y
J E T C I T I E S O R C H E S T R A
H A R M O N Y K I N G S
F E D E R A L W A Y C H O R A L E
T O A D T H E W E T S P R O C K E T
L O S L O B O S
H I G H K I N G S
F L I P F A B R I Q U E
F E D E R A L W A Y Y O U T H S Y M P H O N Y O R C H E S T R A
J O A N O S B O R N E A N D T H E W E E P I E S
G L E N N M I L L E R O R C H E S T R A
C O L I N M O C H R I E
A C H A R L I E B R O W N C H R I S T M A S
W E W I L L R O C K Y O U
J I M M Y F A I L L A
C O L I N H A Y
I NS E RT E V ENT PICS VI D EO
H ERE
Pandemic Positives
Bright spots in challenging times
City Department offices
during social distancing
Amazon Driver
Training Location
King County COVID
Vaccination Site
COVID-19 Governor Jay
Inslee Roundtable with
local leaders
Food Truck Fridays
King County Elections
Site
Limberlost Music
Video Location
Virtual
Programming
Providing patrons
with online
performances
during the pandemic
Y A K O V S M I R N O F F
T H E B R O O K S & T H E B L U F F
N I C O L E A T K I N S
M A R Y C H A P I N C A R P E N T E R
A V I R T U A L C H R I S T M A S V A C A T I O N
N O J O Y
J A R S O F C L A Y
T H E M O T H E R H I P S
C O L I N M E L O Y
B O R N R U F F I A N S
A S S I S T E D L I V I N G : H O M E F O R T H E H O L I D A Y S
C H A R L E Y B L I S S
R E D R O O M O R C H E S T R A
A N D R E W B I R D
O S E E S
S U Z A N N E V E G A
P A P A M
A R T I M U S P Y L E B A N D
C O L I N & B R A D : S T R E A M O F C O N S C I O U S N E S S
2019
$1,516,000
2022
$941,464
2018
$626,762
2021
$404,676
2020
$373,453
2022
$1,281,695
2019
$702,024
2021
$576,003
2020
$316,891
2018
$224,818
T O T A L S U P P O R T
F R O M G E N E R A L
F U N D
T O T A L R E V E N U E
(T H E A T E R &
E V E N T S P A C E )
Revenue Breakdown
54.77%
R E V E N U E G R O W T H 2 0 1 9 -2 0 2 2
62.10%
S U B S I D Y R E D U C T I O N 2 0 1 9 -2 0 2 2
Revenue
Allocation
Ticket Revenue
$422,799
Event Space Rental Revenue
$253,438
Food & Bev Revenue
$130,846
Theater Rental Revenue
$84,865
Facility Fee Revenue
$52,838
ACTUALS
as of July 31, 2023
APPROVED
BUDGET
PROJECTED REVENUE
August 1 - December 31
TICKET REVENUE $422,799 $621,117 $123,500
THEATER RENTAL
REVENUE $84,865 $142,432 $150,750
EVENT SPACE
RENTAL REVENUE $253,438 $289,056 $50,250
FACILITY FEES $52,838 $56,017 $104,769
FOOD & BEVERAGE
REVENUE $130,846 $102,353 $207,367
2023 Revenue Breakdown
New Metrics
Revised
and Reinvigorated
Implementing precise and
comprehensive performance
metrics to ensure continued
transparency and accountability
PERF ORM AN CE M E T R IC D E T AI LS
Revenue Generation
Increase Food & Beverage Revenue by 2.5%
annually
Increase Theater Rental Revenue by 2.5%
annually
Increase Event Space Rental Revenue by 2.5%
annually
Increase Ticket Sales Revenue by 2.5% annually
PERF ORM AN CE M E T R IC D E T AI LS
Attendance
Increase overall venue attendance by 5% in
2024
Increase overall venue attendance by 2.5%
annually from 2025 - 2033
Usage Days
Increase Venue Usage Days by 2.5% annually
PERF ORM AN CE M E T R IC D E T AI LS
Host Free Community Events
Engage local businesses to sponsor free events
Host a minimum of 5 events annually in 2024,
2025 and 2026
Increase annual events by 1 annually beginning
in 2027
PERF ORM AN CE M E T R IC D E T AI LS
Types of Events
Weddings - minimum 4 annually
Banquets/Meetings/Conferences - minimum
50 annually
Non-Profit - minimum 10 annually
Arts4Youth - minimum 6 annually
Renewal Terms
I N C R E A S E D
C A P I T A L
I N V E S T M E N T
OVG360 reaffirms its
dedication to the
success of the PAEC
through a
substantial
additional
investment of
$200,000.
L E N G T H E N E D
P A R T N E R S H I P
The proposed
contract renewal
encompasses a
substantial ten-year
term, extending the
partnership until the
year 2033
R E V I S E D
P E R F O R M A N C E
M E T R I C S
Implementing
precise and
comprehensive
performance metrics
to ensure continued
transparency and
accountability
Tonight’s Guests
Rick Hontz, Senior Vice President,
OVG360
Brian Hoffman, General Manager,
PAEC
Questions?