They can threaten that, but it might not really mean anything. With the location they have along the riverfront there are all kinds of environmental concerns AND regulations by various governmental bodies that would come into play with ANY new construction. That would certainly make it much harder to tear down and build new from scratch. Since I don't live in Cincinnati, I don't really have dog in the fight when it comes to taxes and public money being used. From what I understand the "renovation" of the arena would be basically keeping the footprint of the current facility but with everything else being new....thus the 200 million dollars being spent v 80-90 million like 5/3 arena. I hope they find a way to do it.
Results 111 to 120 of 125
04-20-2017, 07:20 AM #111
04-20-2017, 12:37 PM #112
Sprint Center always has events. I agree a permanent tenant might be more of a hinderance than a benefit.
Who in Cincinnati wouldn't love to go out to dinner at the Yard House or Ruths Chris and then walk down the street to see a concert. it would be great for the city.
Make it happen already.
04-20-2017, 05:39 PM #113
04-21-2017, 08:10 AM #114
http://www.sprintcenter.com/news/det...-busiest-arena) in the country and they have no tenants.
There are several cities that have modern arenas and no tenants. If they can do it, why Can't Cincinnati?
04-21-2017, 08:24 AM #115
It's been almost 35 years since their last pro sports tenant - the Kansas City Kings.
However, I do think another thing in play for KC is that the nearest major cities are much further away (i.e. St. Louis, Omaha, Wichita) than there would be in Cincinnati. In other words, not as much competition as there is in this area for concerts, events and the like.
04-21-2017, 10:38 AM #116
Because if it made such good business sense to build a modern arena, there would be no shortage of people looking to build one and reap the profits from said venture?
Because, as X-Band said, we're surrounded by other modern facilities (Nationwide, Bankers Life, Yum Center) all ~2 hours away that are competing for events?
04-21-2017, 10:43 AM #117
- Join Date
- Jan 2014
- Cincinnati, OH
04-21-2017, 10:48 AM #118
A common myth of arena financing is that if it's a worthwhile venture then the operator should pay for the capital expenses itself. That's an overly simplistic notion that fails to adequately take into account the significant public free rider problem that differentiates it from most other business ventures. Look around the country at urban rehabilitation projects. You'd be hard pressed to find one that didn't have an entertainment venue of some sort at its hub.
04-21-2017, 10:54 AM #119
04-21-2017, 11:02 AM #120