Officials have approved an extended naming rights agreement for the iWireless Center, but plan to continue the search for a new partner.
At a meeting on Thursday, the Illinois Quad-City Civic Center Authority approved a two-year extension that will allow iWireless to keep its name on the arena, which is home to the ECHL’s Quad City Mallards. It appears, however, that officials are still targeting a naming rights agreement that will take effect down the road.
iWireless has had its name on the arena for a decade, but announced last year that it did not plan to continue its sponorship of the venue. While the extension means that the arena will keep its name for now, iWireless Center executive director Scott Mullen said the process of finding a partner continues, and did not rule out iWireless as a contender. More from QCOnline:
In 2005, iWireless acquired naming rights for the facility under a 10-year contract totaling $4.25 million. The name officially changed in 2007. In April 2016, iWireless announced it would not continue its name-rights sponsorship of the facility and the authority began a search for a successor.
On Thursday Mr. Mullen said negotiations were underway with a few naming-rights partners, adding iWireless could still be a contender.
“We want to make sure we get a deal that’s viable and in line with other arena deals,” Mr. Mullen said. “They (iWireless) still might get the naming rights, but at this point we don’t know.”
The terms of the extension allow the two parties to opt out at any point, if they provide at least 60 days notice. The financial terms were not disclosed.