Developer FivePoint buys naming rights to Irvine’s Great Park ice complex

IRVINE – The main arena at the Anaheim Ducks’ more than $100 million ice complex at the Orange County Great Park will bear the name of the developer overseeing the construction of thousands of homes nearby.

The City Council on Tuesday, March 28, unanimously approved the Irvine Ice Foundation’s proposal to name the 2,500-seat arena as FivePoint Arena at Great Park Ice. The foundation was set up to oversee the rink’s construction and management and is backed by Ducks owners Henry and Susan Samueli.

FivePoint, developer of Great Park Neighborhoods, will pay $2.18 million to the foundation over 10 1/2 years for the naming rights.

“FivePoint stepped up because this facility will become a civic landmark, a best-in-class venue that will reflect the high standards and quality this city is known and respected for around the world,” FivePoint spokesman Steve Churm wrote in an email to the Register. “It will become a destination that brings families together to make memories and celebrate healthy active lifestyles.”

The Ducks in February hosted a groundbreaking ceremony for the ice complex. The complex will be the largest of its kind, at least in California, Irvine and Ducks officials said.

Scheduled to open in July 2018, the Great Park Ice & Sports Complex will feature four ice sheets, including the main arena.

The 280,000-square-foot complex will offer a variety of ice sports including youth and adult hockey programs, tournaments, figure skating, curling, broomball, sled hockey, public open skating and will be used as a practice facility for the Ducks.

In February 2016, the city struck a lease agreement with the Irvine Ice Foundation. The lease lasts 25 years from the completion of construction, with up to five five-year extension periods.

The lease terms allow the foundation to sell naming rights for the ice rink, while the city retains “reasonable approval” rights to the naming.

FivePoint Arena at Great Park Ice will be used for all…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *