A local bank is one approval away from becoming the exclusive sponsor of the Alton Riverfront Amphitheater. Liberty Bank of Alton submitted the lone proposal to the Alton Amphitheater Commission for a three-year, $150,000 sponsorship package that would include a number of incentives for the bank including naming rights of the venue during the length of the contract. The Alton Committee of the Whole approved the deal last night.
The proposal will now have to go before the Alton City Council Wednesday for final approval. Liberty Bank President, Dale Blachford, says this is a way to give back to the community.
Click here for Blachford's comments
Liberty Bank will also design and construct an electronic message board at the venue to advertise upcoming events and will also have the option for two, three-year contract extensions at the same rate of $50,000 per year.