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The Sale of Nationwide Arena - News & Updates

Home Forums General Columbus Discussion Sports The Sale of Nationwide Arena – News & Updates

Viewing 15 posts - 31 through 45 (of 231 total)
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  • #366089

    News
    Participant

    Arena Deal Reached; Blue Jackets To Remain In Columbus
    Wednesday September 14, 2011 1:27 PM

    The Blue Jackets’ National Hockey League franchise has agreed in principle to remain in Columbus after a deal was reached between the city, state and Franklin County to buy Nationwide Arena, 10TV News reported Wednesday.

    The arena, which will still be called Nationwide Arena, will be managed by the Franklin County Facilities Authority, 10TV News reported.

    READ MORE: http://www.10tv.com/content/stories/2011/09/14/columbus-blue-jackets-nationwide-arena-lease.html

    #366090

    catnfiddle
    Participant

    Wow and WOOHOO!

    #366091

    ehill27
    Participant

    Seems like a good deal for CBus. Nationwide pays $147.1 million to build the arena and taxpayers pay $42 million to buy it. Revenue generated from the team and visitors is well worth it.

    MORE INFO: http://www.dispatch.com/content/stories/local/2011/09/14/Proposal-to-keep-Blue-Jackets-in-town-to-be-released-today.html

    #366092

    News
    Participant

    Casino tax-financed deal for Nationwide Arena completed
    By Doug Caruso
    The Columbus Dispatch
    Thursday March 29, 2012 5:15 PM

    The Columbus Blue Jackets played their first home game in a publicly owned hockey arena last night. The Franklin County Convention Facilities Authority closed on the arena yesterday afternoon in a $42.5 million deal that will be financed with up to a third of the casino tax revenue due to Columbus and Franklin County. With maintenance, operating and debt service costs, arena ownership is expected to cost the city and county more than $250 million through 2039.

    READ MORE: http://www.dispatch.com/content/stories/local/2012/03/29/arena-deal-closes.html

    #366093

    cheap
    Member

    what if the casino loses money?

    oh snap.

    #366094

    Neil Jaye
    Member

    cheap said:
    what if the casino loses money?

    oh snap.

    What if the casino never opens? When’s the opening date going to be now?

    #366095

    futureman
    Participant

    Neil Jaye said:
    What if the casino never opens? When’s the opening date going to be now?

    4th quarter 2012 – http://www.bizjournals.com/columbus/news/2012/02/02/penn-national-casino-on-budget-big.html

    #366096
    ColumbusTime
    ColumbusTime
    Participant

    Cheap that can’t happen – gov’t tax projections are never ever wrong.

    Still a terrible deal for the city/county, stepping into a landlord-tenant dispute.

    #366097

    Saint Murrays
    Participant

    Now if only the city would help get the Crew downtown too….

    #366098

    Anonymous
    Inactive

    Personally, I wish Columbus would never even get a casino. You could pool resources together to put together a MUCH better strategy for micro-urban development than the crime and slum of the casino trash environment. After a few trips to Indiana and Vegas, I’ve seen that garbage way too much. Hopefully, the project fails before it even gets completed and can be converted into something more beneficial.

    I think the Arena District is on the right track after that and it should be even better after the hotel and other construction goes up.

    Has there been any word on what’s going on by the old…what is it?…power plant? on the other side of the underpass over there? It’s a totally different environment over there and I know the city operates some of that land over there and was even surprised to see a boat launch into the Scioto that I never even knew was over there. There is a solid chunk of land over there out in the open, but obviously pretty cut off from the rest of the Arena District.

    #366099

    JeepGirl
    Participant

    -Nick- said:
    Personally, I wish Columbus would never even get a casino. You could pool resources together to put together a MUCH better strategy for micro-urban development than the crime and slum of the casino trash environment. After a few trips to Indiana and Vegas, I’ve seen that garbage way too much.

    uh, wouldn’t those trips make you part of the casino trash?

    #366100

    Anonymous
    Inactive

    JeepGirl said:
    uh, wouldn’t those trips make you part of the casino trash?

    The trips were most definitely not my idea. To say I was “drug” along is an understatement.

    #366101

    News
    Participant

    Arena management group still hasn’t set first meeting
    By: Lucas Sullivan
    The Columbus Dispatch – June 27, 2012 03:02 PM

    The private organization tapped to manage publicly-owned Nationwide Arena has yet to reschedule its initial meeting canceled three weeks ago after numerous local government officials objected to their plans to gather in private.

    Franklin County and Columbus officials are still discussing how open Columbus Arena Management, or CAM, will be to the public in operating the arena and home of the Columbus Blue Jackets. Xen Riggs, CAM’s chief operating officer, said the initial meeting is being delayed because of scheduling conflicts.

    READ MORE: http://www.dispatch.com/content/blogs/the-city/2012/06/cam-update.html

    #366102

    News
    Participant

    If the lights go out
    Can the Arena District survive another NHL lockout?
    Posted on August 30, 2012
    by Melissa Dilley

    Any chance you’ve been following the negotiations between the NHL owners and the players union? Did you know that if they don’t come to some agreement in the next three weeks—and union leaders say they’re far from that—the hockey season could be in jeopardy? Again? The Buckeyes kick off the Urban Meyer Era Saturday. In other words, we didn’t think so.

    READ MORE: http://www.theotherpaper.com/news/article_264c04ba-f2d0-11e1-ad64-001a4bcf887a.html

    #366103

    News
    Participant

    Nationwide Arena swinging to profit, helped by concerts, idled NHL season
    Jun 10, 2013, 5:29pm EDT
    Jeff Bell
    Staff reporter-Business First

    Nationwide Arena is on track to finish its fiscal 2013 with a $500,000 operating profit, even though arena managers had planned for a $260,000 loss when they put together the budget a year ago.

    READ MORE: http://www.bizjournals.com/columbus/blog/2013/06/nationwide-arena-will-swing-to-profit.html

Viewing 15 posts - 31 through 45 (of 231 total)

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