The Sale of Nationwide Arena - News & Updates
April 30, 2010 1:45 pm at 1:45 pm #81442
OSU may take over management of Nationwide Arena
Thursday, April 29, 2010
BY ENCARNACION PYLE, AARON PORTZLINE AND ROBERT VITALE
THE COLUMBUS DISPATCH
Ohio State University and the Columbus Blue Jackets are close to a deal that would put OSU’s Schottenstein Center and the privately owned Nationwide Arena under joint management. The agreement would be one piece – and a small one at that, sources told The Dispatch yesterday – of a larger plan to eliminate the hockey team’s yearly deficit and ensure its future in Columbus.
Under an agreement that OSU and Blue Jackets officials said could be finalized within two weeks, the university would manage both arenas and handle bookings for concerts and other events. That would save at least $1 million annually for each side because of lower administrative costs and better leverage in booking.April 30, 2010 2:05 pm at 2:05 pm #366060
Sounds like a good start. I think that having two large arena’s is fairly redundant in itself and something that was brought up when they were planning Nationwide Arena.April 30, 2010 2:10 pm at 2:10 pm #366061
Good, move the Columbus BJs to the Shott and put a casino in Nationwide.April 30, 2010 2:11 pm at 2:11 pm #366062
Tenzo wrote >>
Good, move the Columbus BJs to the Shott and put a casino in Nationwide.
+1 :)April 30, 2010 2:14 pm at 2:14 pm #366063
Or, move OSU basketball to Nationwide and put a casino in Value City Arena. At least a few college students would hit it big and graduate w/o student loans.April 30, 2010 2:15 pm at 2:15 pm #366064
I heard if this happens, Tressel is gonna is gonna coach the Jackets.April 30, 2010 2:38 pm at 2:38 pm #366065
What, no teabaggers foaming at the mouth, calling this socialism?April 30, 2010 2:42 pm at 2:42 pm #366066
Now correct me if I am wrong (or way too conspiracy theory oriented in my thinking), but isn’t OSU a state supported institution, i.e. funded with taxpayer dollars? So could this be a way of routing taxpayer money, through a very indirect and publically acceptable appearing manner, to help shore up the Blue Jackets?April 30, 2010 2:47 pm at 2:47 pm #366067
jackoh wrote >>
Now correct me if I am wrong (or way too conspiracy theory oriented in my thinking), but isn’t OSU a state supported institution, i.e. funded with taxpayer dollars? So could this be a way of routing taxpayer money, through a very indirect and publically acceptable appearing manner, to help shore up the Blue Jackets?
Possibly, but I doubt it.
I think this is just a way for Nationwide and the Blue Jackets not to have to pay the management company to run the arena. And now the two arenas will be in collusion as to what artists/events go where.
If OSU money gets siphoned off to the Blue Jackets people will scream bloody murder.April 30, 2010 3:11 pm at 3:11 pm #366068
jackoh wrote >>
Now correct me if I am wrong (or way too conspiracy theory oriented in my thinking), but isn’t OSU a state supported institution, i.e. funded with taxpayer dollars?
OSU is large enough that not everything comes out of one big pot of money. There is a ton of private money and self-supporting business endeavors that act independently from state funds.April 30, 2010 3:13 pm at 3:13 pm #366069
Likes Old HousesParticipant
The Schott is managed by the OSU Athletics Department which is self funded, and separate from the rest of the publically funded college.April 30, 2010 3:32 pm at 3:32 pm #366070
To be clear, I wasn’t seeing this in terms of taking money from OSU’s budget, or having OSU support anything. I was seeing it more in terms of finding a route to send funds. Legislators and public officials do this all of the time. They have a project that they want funded, but know that if they announce it to the public there will be a call for their heads. So they simply find a way to disguise the funding by funneling it through some unconnected agency. Hell, they’ve even been known to use private entities for purposes like this!April 30, 2010 3:38 pm at 3:38 pm #366071
I’d rather politicians funnel money to the Blue Jackets through OSU rather than Franklin County or the city of Columbus.
But I don’t think it will happen. There will be too much scrutiny as the Blue Jackets carry a high profile.April 30, 2010 5:16 pm at 5:16 pm #366072
As long as the costs for this are kept within the athletic department, I don’t have a problem with it, since it is self-funded and they’ve got more than enough to go around.
I do worry about the competition factor – don’t the two arenas already compete for bookings? So now they’ll be effectively competing with themselves?April 30, 2010 6:14 pm at 6:14 pm #366073
Just an FYI everyone.
The Schott is not managed by the athletics department and is completely self sufficient financially. No university funds are used to run the building.
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