The last 3 NHL arenas that were built (T-Mobile, UBS and Climate Pledge) were each privately financed.
While they are bigger markets, I still think we're being fed a bunch of nonsense about how it's impossible for do this without taxpayer dollars.
Someone can definitely correct me if I am wrong but at least in the case of UBS it was privately financed but they did receive the land for the arena as a "gift" from the state. Essentially not a public investment or financing of the project but a significant value of public assets that goes unaccounted for.
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Any chance you could pull a hard left and redirect to the Alberta political thread and enlighten all them? Save this one for new arena conversation and excitement.
It's all part of the arena conversation. Go make a cheerleader thread if this upsets your sensibilities.
The last 3 NHL arenas that were built (T-Mobile, UBS and Climate Pledge) were each privately financed.
While they are bigger markets, I still think we're being fed a bunch of nonsense about how it's impossible for do this without taxpayer dollars.
Interesting side note that the Oak View group invested in both Climate Pledge (which they operate) and UBS.
They also have an Arena Alliance including many other NHL rinks (neither Alberta one) which helps among other things with facilitating booking of large arena tours
I do hope these guys are included on the bid list this go round as well.
That looks like it will be the next generation for arenas. Would be great to be the first team to do it (I think?) but I thought I read that it costs a lot more to build but who knows.
That looks like it will be the next generation for arenas. Would be great to be the first team to do it (I think?) but I thought I read that it costs a lot more to build but who knows.
LA Clippers are the first in Inglewood. I think it opens this year and its going to be stunning.
Isn’t it the opposite? I thought the inverted bowl concept was about reducing the required footprint.
Not sure about the details, but they tried to put an inverted bowl in Event Centre 1.0 and the arena only had seating for 15000. The switched back to a conventional bowl to get the seating back to 18000+
The team and city just signed the prototype "small town" afraid they're going to leave arena deal... Murray Edwards business extraordinaire runs CNRL in the Canadian oil patch, that lives off copying "what works" and is "cost effective"... And finally, the guy is the classic accounting CEO, where a low cost base trumps innovation.
When you add it up, the team is getting a value engineered "state of the art", "world class" arena like everyone else, not a leading edge, could fail design like the inverted bowl.
$40m up front on an $800m spend gets you full control in this scenario.
Notely said she is open to discussion on provincial funding, but she also said some things that make it sound like she wouldn't be that interested. I think she is trying to be ambiguous in order to not piss off anyone before the election. If I had to guess, she would pull the infrastructure funding from the City.
Whether or not the City and CSEC could still work something out, who knows. From the City's perspective, they have to constantly do infrastructure upgrades all the time, and some funding does come from the province. The fact the UCP was willing to give a big chunk up front was likely the main reason why the City was ready to chip in a lot of money for the arena, since they would be spending a lot on infrastructure anyway. I think they saw the arena funding as being cancelled out somewhat by the infrastructure money.
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Not sure about the details, but they tried to put an inverted bowl in Event Centre 1.0 and the arena only had seating for 15000. The switched back to a conventional bowl to get the seating back to 18000+
I also feel, I can't remember the exact details, that the larger budget brings the inverted bowl back into the conversation. Starting at $600m the last time may have pushed Rosetti out. I may be misremembering though.
