Del Mar Fairgrounds board approves sale of local food and beverage contractor

By Joe Tash

Directors of the 22nd District Agricultural Association, which runs the state-owned Del Mar fairgrounds, gave their blessing Tuesday, May 13, to a deal in which a Pennsylvania-based company will buy a locally-owned business that has provided food and beverage service at the fairgrounds since 1990.

The 22nd DAA board had to approve the deal because Premier Food Services Inc. —which will be purchased by SMG Corp. — has an exclusive contract as the fairgrounds food and beverage provider.

The board voted 5-0 to approve the deal with two conditions — that SMG not change food and beverage management personnel without district approval; and that the company increase its performance bond to $1 million for the life of the contract.  Fairgrounds general manger Tim Fennell had recommended approval of the stock purchase.

Premier, soon to be SMG, provides food and beverage service at fairground events throughout the year, including the San Diego County Fair and the annual horse racing season, which will expand this year to a fall meet as well as the traditional summer meet.

SMG manages stadiums, convention centers, arenas and other facilities across the U.S. and abroad, including the Louisiana Superdome, the Long Beach Convention Center and Moscone Center in San Francisco.

The 22nd DAA’s current food and beverage contract runs through the end of 2015, and the agreement includes two three-year renewal options.  Last year, Premier generated revenue of $19.9 million at the fairgrounds, and a return of $5.6 million for the fairgrounds.

Director David Watson said the board will be keeping a close eye on the new company’s performance in the coming months.

“You have 18 months to prove yourselves,” he said, before the board considers an extension of the contract.

“We see this as an opportunity to earn your business each day,” said Shaun Beard, senior vice president with Savor Food and Beverage Services, a subsidiary of SMG.

Mark Anderson, Premier’s onsite manager since 1990, will retain his position under the new ownership.  SMG will also retain Premier’s workforce.

Among the speakers at Tuesday’s meeting was Efaon Cobb, in-house counsel with Local 30 of the San Diego County Hotel and Food Service Workers’ Union, which represents food service workers at the fairgrounds.  Cobb supported the ownership change.

No member of the public spoke against the purchase.

Board members and fairgrounds officials said Premier has provided quality service to the fairgrounds over the past two-plus decades.

“It’s been a great marriage to say the least,” said director Lisa Barkett.

Related posts:

  1. Del Mar fair board renews food and beverage contract amid labor negotiations
  2. Fair board renews food and beverage contract amid labor negotiations
  3. Longtime Del Mar Fairgrounds food and beverage provider to be sold to East Coast company
  4. Del Mar Fairgrounds goes back to the drawing board on micro-brewery project
  5. Del Mar Fairgrounds board approves funds to help save Modoc District Fair

Short URL: http://www.delmartimes.net/?p=69711

Posted by Staff on May 14, 2014. Filed under Carmel Valley, Del Mar, News, Solana Beach, carmel valley. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RSS LA JOLLA NEWS

  • La Jolla Library welcomes new chief Shaun Briley
    For La Jolla Riford Library’s new head librarian, Shaun Briley, books have been a part of his life and career, in some form or another, every step of the way. […]
  • Tangerine trees, marmalade skies for Beatles-inspired Patrons of the Prado gala in Balboa Park, San Diego
    “Lucy in the Sky with Diamonds” was the theme of the Patrons of the Prado gala on July 12, 2014 in Balboa Park, San Diego. Beatles-inspired music came from Wayne Foster Entertainment. Sandy Redman and Jeanne Jones served as event chairs. 2014’s beneficiaries are the Reuben H. Fleet Science Center, San Diego Museum of Art and The Old Globe Theatre. […]
  • La Jolla’s Best Bets for events July 31- Aug. 7
    Museum of Photographic Arts (MOPA) offers a crash course in starting a photography collection 6 p.m. Thursday Aug. 7. at the Ligne Roset Showroom, 7726 Girard Ave. MOPA assistant curator Chantel Paul and director of jdc Fine Art Jennifer DeCarlo will share professional insights. […]

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS

  • Rancho Santa Fe resident’s Gen 7 wines earn top honors
    Rancho Santa Fe resident Tim Bacino’s Gen 7 Wines is on a hot streak, his varietals winning several awards this summer in California wine competitions. […]
  • Torrey Pines High School baseball alum Taylor Murphy excelling in pro ball
    It was during a breakout senior year at Torrey Pines High that Taylor Murphy first popped up on the radar of professional scouts. Shortly after graduation, Murphy was selected by the San Diego Padres in the 40th round of the June 2011 amateur draft. He declined, honoring a commitment to the University of the Pacific. Three years later, Murphy got another sho […]
  • Why Hire a Licensed Landscape Professional?
    By Steve Jacobs, Nature Designs The old saying – “if something seems to good to be true, it probable is” – is quite fitting when it comes to hiring a contractor for your home or yard construction project. While it is smart to shop around, get quotes, etc., don’t fall into the trap of trusting […]