It sounds like one of those reports from the Wall Street gang or a banking CEO, but this story is about a local government official.
The GUARDIAN was presented with documents today showing the general manager of the Greater Boise Auditorium District (G-BAD) got a 25% bonus on top of his $103,000 annual salary for 2008. According to the public records, Pat Rice had a 2007 bonus of $25,453 which increased to $26,757 for 2008.
Meanwhile three other managers at the local government owned facility got combined total bonuses of $29,060 in 2007, but for the 2008 year they shared a reduced amount of only $6,973–while Rice got bumped up more than $1300. The other three “managers” probably have no hard feelings and the 31 other full time staffers no doubt share their understanding.
Rice is the only employee with a contract and it is a sweet deal. He has a base salary of $103,100, but his “incentive Compensation” clause gives him a piece of the action on Center on the Grove rental fees of 15% of the revenue in excess of $650,000.
He also gets up to 12% more of his salary based on food and booze sales at the Center on The Grove. And then just in case there is more tax money left over, there is a provision for a 10% “discretionary bonus.”
G-Bad is funded by a local hotel room tax. The public money was originally intended to fund–as the name implies–an auditorium. However since the district was formed, many venues have been built at BSU, the Fairgrounds, and the Idaho Center in Nampa. The publicly elected board has tried for years to build another “convention center,” but voters have turned them down twice and numerous private funding deals have fallen through.
They operate the Center on The Grove and have made wildly inaccurate projections for income and revenue to fund the proposed new convention center. The latest version includes a private hotel as part of the project. G-BAD has spent nearly $90,000 with a public relations firm to influence public opinion in favor of a Marriott Hotel and new convention center structure.
The GUARDIAN questions the propriety of using public funds to “make the case” for a private hotel as outlined in their contract.
To insure more advertising-free Boise Guardian news, please consider financial support.