Archive | July 2012

SPAC Extends Original SFX Contract with Live Nation – 2010 through 2015

SPAC - Live Nation Extend Original SFX Contract 2010-2015

SPAC – Live Nation Extend Original SFX Contract 2010-2015

No mention of how this Contract Extension with Live Nation will help SPAC pay for the NYCB or the Philadelphia Orchestra.

What were the terms of this Agreement?

 How much is SPAC guaranteed for each year in the 5 year deal?

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Final Audit of SPAC by NYS Parks, Recreation & Historic Preservation – March 16, 2005 – You Decide – How Many Recommendations have been Followed-Up by SPAC or NYS Parks, Recreation & Historic Preservation.

Full text can be found by clicking on the link below.

SPAC_FINAL

Final Recommendations

After careful consideration of the findings of the preliminary audit, the response of SPAC to the preliminary audit and subsequent press releases and other communications and documents from SPAC relating to the preliminary audit or to issues resulting from the preliminary audit, OPRHP makes the following recommendations.

1. Increase the number of active Board of Directors members to the maximum of 36, as provided in the by-laws, with one-third or 12 members constituting a quorum. Included in this increased number would be two additional representatives of OPRHP, in addition to the two existing Saratoga-Capital Regional Park Commission members. The two new representatives would be designated by the Commissioner of Parks, Recreation and Historic Preservation. These two designees should be standing members on the executive, compensation, budget/finance, nominating and, when applicable, search committees. This would allow for better communication between OPRHP and SPAC as well as better coordination of construction projects, service requirements and relations with outside agencies.

2. Implement a plan of term limits for members of the Board with the Board retaining the authority to waive the applicable limit in cases of extraordinary circumstances, such as where the individual member can continue to contribute valuable services or is in the midst of a development campaign.

3. SPAC would amend its conflict of interest policy, contained in its by-laws, to prohibit the hiring of Board members as employees, to prohibit the hiring of immediate family members of Board members as upper level management employees, and to prohibit the election of Board members who are employed by a private entity which does, or is likely to do, substantial business with SPAC. This policy would further reassure the patrons and supporters that fiscal responsibility is paramount to SPAC.

4. SPAC would complete the process commenced last year of establishing an independent audit committee by amending its by-laws to include a charter for the audit committee which charter shall require that, at a minimum, it be composed of Board members who have financial experience and at least one of whom is a financial expert. In addition, the charter would require that the annual report and the adopted annual budget are publicly available, preferably on line. The annual report would be signed by each Board member.

5. SPAC would complete the process commenced last year of establishing a governance/nominating committee by amending its by-laws to include the previously adopted charter thereof and that charters for all committees be included in the by- laws.

6. In accord with its contractual right to inspect and audit the books and records of SPAC, OPRHP would also have the right to review and comment upon SPAC’s annual budget and the right to review and comment SPAC’s selection of its outside auditor(s). Monthly, quarterly, annual and other regular budgetary and financial reports prepared by SPAC for presentation to its own management and/or its Board of Directors shall also be provided to OPRHP on an ongoing basis. OPRHP also would have the right to participate in meetings with SPAC’s outside auditor(s) and to review audit materials, documents and draft financial statements prior to their presentation to the Board.

7. In order to safeguard its endowment, SPAC would adopt an investment policy which, among other things, would authorize the replacement of the fund manager after six months of underperformance. In addition, SPAC would adopt an investment spending policy and review the same on a periodic basis.

8. Any compensation package to upper level management should be conditioned upon meeting performance goals established at the beginning of each fiscal year. Such goals would relate back to the adopted annual budget and the Board approved long term strategic plan.

9. Closer coordination with OPRHP, NYCB, the Philadelphia Orchestra and CCE (Clear Channel Entertainment) with respect to cross-promotions, scheduling, joint fund raising and development, thereby better leveraging SPAC’s relationships with these entities.

March 16, 2005

Don’t Renege on Our NYC Ballet at SPAC.

(Sung to the beat of Richard Thompson’s song “Don’t Renege On Our Love”.)

There’s no contract that binds us

and I don’t want to break it

The Arts are Nobel why should we forsake it

Well, hunger is hunger ,and need is need

Am I just another mouth to feed

When the contracts up, Don’t Renege on the NYC Ballet

Don’t Renege on the NYC Ballet –

Question:    Why hasn’t a deal been reached to keep the NYCB  at SPAC in Saratoga Springs for at least 2 weeks in 2013?

Answer :      SPAC Reneged – In it’s promise to keep charges/prices constant for the NYC Ballet for 3 years, SPAC Reneged in year 2.

NO Wonder, a deal to save  just two weeks for the NYC Ballet at SPAC HASN’T BEEN REACHED.

It’s not the money (it is the money) and it’s the principle of the thing.

SPAC DREW THE  CROCKED LINE IN THE SAND WHICH NOW DIVIDES THEM – THE HOUSE DIVIDED – And it’s the NYC Ballet which is losing it’s Summer Home at SPAC of 47 years.

One More Time:

SPAC RENEGED ON IT PROMISE NOT TO INCREASE PRICES FOR THE NYC BALLET RESIDENCY AT SPAC NEXT YEAR – 2013.

This is hear say information from two different sources.  I believed them both.  Even so, it can never be proven but is easily denied.

Yet, STILL – You explain:

Why can’t some deal be reached to save the NYCB’s Summer Home at SPAC?

Why isn’t SPAC doing something (every thing in it’s power) to keep the founding residency company here forever?

 

 

 

Assessment of SPAC’s Direction?

 There are still great movements to be had at old SPAC.  My first time to American Girl Night (Wed. July 11) with the NYC Ballet gave me hope.  So many happy children.  The large screens under the walkways brought the action out to the lawn.  Intermission, saw the lower walkway filled with groups of young up-and-coming ballerinas practicing their signature dance moves.  I think everyone had a good time.

Jazz Fest, is a tradition for many.  Boy, do I miss the trees out by the gazebo.  But that’s where I set up for day one – each Saturday.  A bunch of us go there ever year.  On Sunday, the usual suspects are again lined upped, ready to go pre 11 A.M.   Just get to the gate early.   Through several names changes (Newport Jazz Festival, Saratoga Jazz Festival, Freihofer’s  Saratoga Jazz Festival), it’s still the same festival it always was.  For 35 years, old SPAC  has been getting it right.

The Philadelphia Orchestra arrives, for still three weeks, starting August 1.  It’s on everyone’s agenda.  Others, plan on spending every night there.

So far so good.  

And it was so good, for so long, back when the “Special Events” adequately  supplemented the Classical Programs.  That’s why “Special Events” were allowed to come to  old SPAC – to pay the bills. Booking, promoting, hosting – when it came to running the show, old SPAC did it all.  It seemed to work for about 35 Years or so (1966-2000).  SPAC was SPAC back then (Now known as old SPAC).

The slide begins.

Since 2000, SPAC has had a split personality: old SPAC and the new “Special Events”  promoter – Rock & Roll King.  Things change radically back then.  Ask anyone!  Basically, old SPAC gave the keys to the place over to the Rock & Roll King anytime the ballet and the orchestra weren’t playing.  OK – fine (as long as the Classical Programs are paid for with the profits from these shows).  I can deal with the new reality of getting less for more money by going to a Rock & Roll production at old SPAC.  Just keep to the old understand that your going to help pay for the Classical Programs. 

But somehow, things started slipping down that slippery slope.  The money wasn’t there.  What happen to the safety net?

Avalanche:

The new contract in 2010, with the now King of Rock & Roll, has provided less money to old SPAC than the 2000 contract.  Result: The Classical Programs are being slashed.  The new reality is the King of Rock & Roll likes picking up an addition week to schedule his events .   Who could blame him?  He can pick up those open dates for free.   Instead of three weeks of ballet, we got PHISH for three days (on a weekend the ballet gave up) and two weeks of ballet.  OK -fine – King of Rock & Roll, get 3 million in ticket sales with Phish (just as long as you cover the bills of what’s left of the Classical Programs). 

But that not happening this year either, or next, with the ballet being cut to one week next year.  Classical Programs old friend, “Special Events”, who he can barely recognize as the King of Rock & Roll, will take over another weekend of what use to be Classical Programs.  

Assessment of SPAC’s Direction?

I figured it out – We’ll be seeing more of the King of Rock & Roll and less old classical stuff.

—————————————- 

I never thought I see the day,

when the NYC Ballet would be cast astray,

from it’s Summer Home built on clay,

that somehow melted and drifted away.

Save the Classical Programs at SPAC,  it’s why  SPAC was created.