25-0451
A resolution approving a proposed Agreement between the City and County of Denver and MB Creation, LLC utilizing the Premium Value Concession (PVC) Award Benefit to design, build, manage, and lease a Timberline Steaks & Grille and an Einstein Bros Bagels concessions on Concourse C at Denver International Airport. Approves a concession agreement utilizing the Premium Value Concession Award Benefit with MB Creation, LLC d/b/a Timberline Steaks & Grille - Einstein Bros Bagels for a guaranteed rent/Minimum Annual Guarantee (MAG) of $2,200,860.00 or percentage rent of gross sales; 13% up to $3,000,000, 14% between $3,000,001-$4,000,000, 15% between $4,000,001-$5,000,000, 16% for $5,000,001+ and for a term of ten years to design build, manage, and lease on the Center Core Northwest Quadrant level, of Concourse C at Denver International Airport, in Council District 11 (PLANE-202476393). The last regularly scheduled Council meeting within the 30-day review period is on 5-12-2025. The Committee approved filing this item at its meeting on 4-9-2025.
What this record is
- Held by
- MB Creation, LLC
- Amount
- $5.00M
- Runs until
- no end date published in this record
- Type
- award
- Field
- Real estate
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Business, Arts, Workforce, Climate & Aviation Services Committee
- Requested by
- Denver International Airport
- Introduced
- March 31, 2025
- On agenda
- April 21, 2025
- Passed
- April 21, 2025