Evansville Redevelopment Commission Meeting - August 4, 2026
Evansville Redevelopment Commission Meeting - August 4, 2026
The Evansville Redevelopment Commission met on August 4, 2026, at 8:30 AM in Room 307 of the Civic Center Complex. The commission approved two resolutions: a five-year extension of the management services agreement with Venuworks for the Ford Center and Victory Theater, and an economic development agreement for the Fieldhouse Flats project. The meeting also included a detailed annual report presentation on venue operations, extensive discussion of escalating utility costs, and a vote to install a secondary water meter at the Ford Center.
Discussion Items
Resolution 26ERC24 – First Amendment to Management Services Agreement with Venuworks
Commission members voted unanimously to approve a five-year extension (2021-2026 to 2026-2031) of the management agreement with Venuworks of Evansville, LLC and VW Sports of Evansville, LLC. Prior to the vote, Scott Shaunek, Executive Director of the Ford Center and Victory Theater, presented the annual report for Fiscal Year 2025.
Key highlights from the presentation:
- Ford Center: 87 events with 382,000 attendees. Economic impact estimated at $45 million (without multipliers).
- Victory Theater: 64 events with 84,000 attendees. Operating fewer events intentionally to avoid losses.
- Thunderbolts: Back-to-back championship wins (2025 and 2026). Team now generating a small profit after years of losses.
- Local impact: Over $343,000 paid to local nonprofit groups through concession operations.
- Social media: Combined Facebook pages reached over 33 million views; website views at 1.7 million; advertising impressions over 24 million.
- Capital improvements: Ongoing bond-funded upgrades including lighting, sound system, scoreboard, and new concourse flooring and concession stands.
Utility Concerns and Water Meter Vote
Shaunek identified utilities as the number one concern. Electricity costs rose from $40–60,000 per summer month to $95,000 in July 2026. Water usage approached 1 million gallons in July, resulting in a $20,000 water/sewer bill. Despite prior investigation and installation of a meter on the HVAC system, no leak has been found. The water department’s meter algorithm is suspected but unconfirmed. After extended discussion, Commissioner Wathen made a motion to install a secondary meter to verify water usage, which was seconded and passed by voice vote with one commissioner opposed. The commission directed that the meter be installed under the oversight of the building authority.
Homeless Concerns Downtown
Commission members discussed an increase in homeless individuals congregating around the Ford Center plaza and nearby areas. While no incidents of violence toward venue patrons were reported, concerns about perception and safety remain. Commissioners noted that the Greyhound bus terminal may contribute to the inflow, with some communities sending individuals to Evansville via one-way tickets. The new anti-encampment law (effective July 1, 2026) provides some enforcement tools, but relocation of the bus terminal was suggested as a longer-term option.
Resolution 26ERC25 – Economic Development Agreement for Fieldhouse Flats Project
The commission unanimously approved an economic development agreement with AP Development LLC and Legacy Communities, Inc. for the Fieldhouse Flats project. The project involves:
- Complete rehabilitation of the historic gymnasium at the former YMCA building.
- Demolition of the 1981 addition and construction of a new five-story building.
- Approximately 78 market-rate multifamily housing units.
- Total project cost of approximately $20 million.
The city agrees to contribute $1 million from the downtown Tax Increment Financing (TIF) fund, to be paid in three installments: one-third upon 33% construction completion (architect-certified), one-third at 66% completion, and the final third upon project completion. Developer John Anderson (AP Development) has previously completed Central Lofts and Cargas Lofts in Evansville. Construction is expected to begin in the second quarter of 2027.
Key Outcomes
- Resolution 26ERC24 (Management agreement extension): Approved unanimously.
- Resolution 26ERC25 (Fieldhouse Flats economic agreement): Approved unanimously.
- Secondary water meter: Motion passed (one opposed) to install a secondary water meter at the Ford Center to verify consumption.
- Directive: Lana will communicate the water meter resolution to Dave Rector of the Building Authority.
Meeting Transcript
Yeah, now it's trying. Okay, so Tuesday, August 4th, 2026 meeting of the redevelopment commission calling it to order. We apparently do not have minutes. No minutes for ready today, and we do not have a voucher. Okay. Streamlined. So we'll move right on to new business. And uh first item is resolution 26 ERC24. This is a resolution of the City of Evansville Redevelopment Commission approving a first amendment to the agreement for management services with venue works of Evansville, LLC and VW Sports of Evansville LLC. And Nick, a little background, and then we'll ask our guests. So we entered into uh our last agreement with VenueWorks, although VenueWorks, you may recall has been the manager of the building since it was originally built. Um but we entered into a new agreement on let's see, I guess it was dated May 1st, 2021. Uh we're coming to the end of the five-year term on that. The current agreement provides that upon mutual agreement of the parties, it can be extended another five years. Uh we've been pleased with their with their uh management of the building and and they want to keep doing the work. So this this amendment just extends it for another five years. Thank you very much. And um the commission has been very pleased with the job that venue works has done with the Ford Center, um, keeping it pretty active most of the time. Can't seem to control their water, but other than that, they seem to be doing doing quite well. And we have here with us today uh Scott Shaughnicke, who will walk us through the annual report for the fiscal year 2025 and talk a little bit about uh the year to come. Scott Thanks. Scott Shaunek, executive director of the Ford Center and Victory Theater. Um it's I guess we're this is a recap of 25. Uh generally our audit comes out by the end of May uh March, so that's why it's always kind of delayed somewhat, but always wait till the audit just make sure there's no surprises or changes. Um kind of going through it. We can kind of skip the corporate support uh the local businesses have been still very strong supporting us. The suites and the loges and the sponsorships continue to be our one of our strengths. Been sold out. We do a little rotation through every once in a while, but you know, there's always a company to step up and move in. Definitely give affords us a lot of of the kind of a fixed income because the biggest thing of these buildings, we know there's a fixed expense. This gives us a fixed income that really kind of balances that out, that really kind of gives us breathing room that we don't uh have to kind of worry as much on events trying to make you know push the markets as uh we'll talk a little bit about later uh and kind of what to do with the markets. Uh something that's probably less known. Uh you know, we use a lot of local nonprofits uh in the concession stands, uh the Thunderbolts we do Chuck Apuck, we do that. Um last year we we wrote checks for over 343,000 dollars to the local nonprofit group. So um a lot of groups that are you know making some good money there. Uh and it's fairly easy work. Uh you know, they can do it with some groups as far low as four people to ten people, so it's not uh you know that's these groups can manage that uh volunteer level and they can make some good money on that side. Um Thunderbolts, uh, you know, this uh back-to-back champion, so that's kind of a big deal. Uh you know, uh so that's good. We won it's really it's in 26, so really it's kind of outside the parameter of 25, but we won in 25 and we won in 26. So I'll take credit for that. That's came a long way from the beloved Iceman that never made the playoffs to uh the Thunderbolts now. We have back to back champions. Uh hard part about that is is uh you know, after that we're losing a lot of players as the other teams go up and down, and uh so you know not that a three-peat uh isn't possible, but it sure makes it harder when you do the repeat, and we'll probably lose our top two lines. Uh most of them are going to ECHL up. Um, which is good for them, and that's the man of the developmental league is to move up. Bad thing is when they move up. Um, yeah, like I say, I think we're we'll lose at least half the team going up this year. So uh but still coaches there putting a team together. I think we'll still be competitive.
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