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
- March 31, 2035 8 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Real estate
real estate contracts in CO that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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
Where it was heard
City Council Mayor-Council Business, Arts, Workforce, Climate & Aviation Services CommitteeWatch what Denver buys
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