Maloney asks if contract incentivizes revenue generation
Wong says the contract includes a revenue generation section; EDC gets a share from activations, concessions, and advertising.
And does the contract incentivize for creative ways to reduce the subsidies required by New York City government as part of the contract or reduce the cost of operations?
Yeah.
So as part of the contract we have, and this is new when we re-procured it, was a whole section on revenue generation.
It allows us to work with the operator to do things.
Perhaps you've seen some of the activations and the fun things that you see on our social media.
Some of the, many of those are paid activations for which EDC gets a slice.
of that revenue.
So we get things, we get some revenue from the concessions, from advertising, from activations, and things like that.