Quote:
Originally Posted by afc wimbledon
Because in the end if hockey is to work in the Peg it has to draw the same as other markets, they can survive with league help and a deep pocketed owner for a decade or so, but in the end they will need a new arena or some plan to get an extra 3,000 seats or so in the 'old' one.
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3000 seats at $20 seat is 60,000 /game - 50 games/year is 3M per season in revenue.
That is assuming that these seats will all be sold out for every game at $20.
If there are not 100% sell out these cheap seat will be sold instead of the $60 seats and money will be lost.
If it cost any more than $20M to build the extra 3000 seats the money will never be recouped. If the government were to float a grant for the $20M then it becomes a great idea for owners, but they would rather the $20m be in cash or in lieu of taxes.