By Megan V. Williams
Wilmington, NC – Wilmington's proposed Convention Center has a manager. City Council members Tuesday night approved a five-year contract with the nation's largest convention center management company, SMG of Philadelphia.
City documents show an arrangement in which Wilmington pays SMG a slowly increasing management fee, starting at $100,00 the first year, and going up 3.5% every year after.
Aditionally, SMG may earn an annual incentive fee based on the center's success.