City for sale: St. Peters considers selling naming rights, advertising space
Amanda C. Tinnin
Of the Suburban Journals
St. Peters Journal
09/03/2006
ST. PETERS
Expect more in the city of St. Peters, brought to you by Target. Expect more. Pay less.
Thousands of possibilities for your health. The Best Buy Rec-Plex.
St. Peters City Hall. It just works. Sponsored by Apple computers
The Board of Aldermen is considering selling advertising space on city trash trucks and the naming rights to the Rec-Plex as a way to generate revenue for the city.
Alderman Len Pagano, Ward 3, wanted to know if the board was serious in pursuing this venture. He told board members last week that he had been contacting businesses to determine the interest in advertising in the city.
"It was kind of brought up on a light subject before then I didn't know what the possibilities are out there," Pagano said Tuesday. "So I started gathering information for the naming rights."
Pagano proposed a company pay $1 million up front for 20 years or $50,000 a year for 20 years for the naming rights of the Rec-Plex.
Alderman David Hayes, Ward 2, said selling the naming rights to the Rec-Plex could be a good idea if done "in a classy way." He added if the city was going to sell the naming rights, it should have a direct benefit to the residents.
http://www.stltoday.com/stltoday/neighb ... enDocument
Amanda C. Tinnin
Of the Suburban Journals
St. Peters Journal
09/03/2006
ST. PETERS
Expect more in the city of St. Peters, brought to you by Target. Expect more. Pay less.
Thousands of possibilities for your health. The Best Buy Rec-Plex.
St. Peters City Hall. It just works. Sponsored by Apple computers
The Board of Aldermen is considering selling advertising space on city trash trucks and the naming rights to the Rec-Plex as a way to generate revenue for the city.
Alderman Len Pagano, Ward 3, wanted to know if the board was serious in pursuing this venture. He told board members last week that he had been contacting businesses to determine the interest in advertising in the city.
"It was kind of brought up on a light subject before then I didn't know what the possibilities are out there," Pagano said Tuesday. "So I started gathering information for the naming rights."
Pagano proposed a company pay $1 million up front for 20 years or $50,000 a year for 20 years for the naming rights of the Rec-Plex.
Alderman David Hayes, Ward 2, said selling the naming rights to the Rec-Plex could be a good idea if done "in a classy way." He added if the city was going to sell the naming rights, it should have a direct benefit to the residents.
http://www.stltoday.com/stltoday/neighb ... enDocument
