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The Sale/Purchase of Nationwide Arena

Home Forums General Columbus Discussion Sports The Sale/Purchase of Nationwide Arena

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Viewing 15 posts - 16 through 30 (of 589 total)
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  • #339812

    Analogue Kid
    Participant

    greenhouse1014 wrote >>
    I think, rather than having people sign a petition, the more effective way to keep the CBJ in the arena would have been for people to buy tickets and go to the game. A petition with 1,000 signatures means little when 1,000 people buying tickets would mean people putting their money where their signature is.

    I think the problem is that even if every game were full and every patron ate a hot dog, they’d still lose money.

    #339813

    JohnRClem
    Participant

    Analogue Kid wrote >>

    greenhouse1014 wrote >>
    I think, rather than having people sign a petition, the more effective way to keep the CBJ in the arena would have been for people to buy tickets and go to the game. A petition with 1,000 signatures means little when 1,000 people buying tickets would mean people putting their money where their signature is.

    I think the problem is that even if every game were full and every patron ate a hot dog, they’d still lose money.

    Which is why they should have got a better deal with Nationwide before the arena was built, the guys that run the Blue Jackets are idiots for not figuring it out sooner. As long as it doesn’t require government money I hope they stay, I just don’t think any business should be bailed out for overpaying for rent and overpaying employees.

    #339814

    Tenzo
    Participant

    Looks like excellent attendance.
    Lowest was 80%

    If you can’t balance the budget with 80-100% you did your math wrong to start with. And coming crying when a predictable result happens gets no sympathy from me.

    from https://www.columbusunderground.com/blue-jackets-attendance-is-up-so-far-this-season

    The Blue Jackets say they are putting more fans in the seats in Nationwide Arena and drawing considerably more television viewers at home. Team officials said yesterday that Blue Jackets attendance is up about 600 fans per game from a year ago to an average of 14,322. The team’s television ratings in central Ohio on Fox Sports Net are up 38 percent from a year ago, officials said.

    Do the Columbus BJ’s own the arena and rent it out to other venues.
    I’m trying to find the hardship here.

    The NHL told Priest that the reason the team wasn’t making money was the lack of income from the building, which certainly may be a factor. I, however, can’t help but to point out that, when Columbus entered the NHL in 2000, their payroll was just $17-million.

    Eight seasons later, it was up to $50-million.

    #339815

    Tenzo
    Participant

    Blue Jackets President Mike Priest said the club made a modest profit in its first two seasons, but in the past seven years lost $80 million, including more than $10 million this past year, despite the team making the playoffs for the first time

    So basically they can have 100% sold out games, and they will still lose money.

    Lets blame it on the Nationwide. The areana costs to much to rent.
    Lets not ask why payroll went up 300%

    Looks like if they got the arena free, they would still be losing money.

    This looks pretty self inflicted.

    #339816

    agtw31
    Member

    the NHL should let hockey players carry guns,and shoot at each other.

    get members of the Crips and Bloods,teach them to skate,and call the team the Columbus Cruds.

    instant success.

    #339817

    turbo ninja
    Participant

    The attendance percentage would be more important as an indicator if all tickets cost the same. The team could have 100% occupancy in the $10 student seats or the other cheapies, but they’d lose money if they aren’t getting the bucks from the suckers patrons who cough up $150 or more per seat (plus “personal seat licenses”) to have a good view of 60 minutes worth of actual gameplay.

    I’ve been to a handful of games this season and the party towers, luxury suites and club tables have been sparsely populated.

    When these premium seats aren’t bringing in revenue, that’s a sure sign of trouble.

    (The other sign of trouble is when your team loses a lot.)

    Maybe people bought the tickets but just didn’t feel like showing up to the game? Kind of sad when that’s your best-case scenario for a half-empty arena.

    #339818

    Wickham
    Member

    I go to games quite often, about 12 this year so far. I also do the “Student Rush” which gives college students a discount on any leftover seats one hour before the game. The popularity of the student rush program is only increasing and is helping to drive more interest. As far as attendance, they bucked the trend this year and it has increased, all be it mostly from increased season ticket holders signed on before the horrific play this year. However, as mentioned before even if every home game is sold out they still will lose money with the arena lease and because the team gets no revenue from parking like most as it is all owned my Nationwide. I read a great article about 8 months ago that explained how part of the problem/reason the original lease deal ended up so lopsided was the builder of an arena needed as much an advantage as possible due to potential competition with Schottenstein’s Center. They said that two “Class A” arenas in a medium market is a big gamble, and would over saturate the market. Which ended up happening as both venues are constantly driving the price down to get events in their arena.

    #339819

    agtw31
    Member

    Wickham wrote >>
    They said that two “Class A” arenas in a medium market is a big gamble, and would over saturate the market. Which ended up happening as both venues are constantly driving the price down to get events in their arena.

    i remember this being said in the Dispatch.

    the guy that said it moved,i believe.

    #339820

    Core_Models
    Member

    I’m not sure I get how you petition private businesses to do what you want…

    #339821

    Wickham
    Member

    Yea, I really don’t look at the petition as doing much other than showing people support the CBJ and don’t want them to move. In my opinion it’s all going to come down to whether the public taxpayer will be helping with payments or if Nationwide is going to take the loss. Everyone knows Nationwide has more to lose if the team moves than anyone. I just don’t see them allowing a major tenant like the CBJ to leave.

    #339822

    JohnRClem
    Participant

    Can’t the Blue Jackets sell some players to get the salary down to what it was a few years ago and use that money to start buying the arena from Nationwide.

    Tax payer dollars would be much better spent on planning Crew Stadium 2.0 at the newly cleaned up site they were going to put the casino in the arena district. ;-)

    #339823

    agtw31
    Member

    JohnRClem wrote >>

    Tax payer dollars would be much better spent on planning Crew Stadium 2.0 at the newly cleaned up site they were going to put the casino in the arena district. ;-)

    why are taxpayer dollars be needed to pay for a soccer stadium?

    #339824

    Core_Models
    Member

    I don’t have an instinctual objection to the city or state owning a stadium or arena, its never really been an issue with the Clippers, but the argument has to be made in a convincing way that its a good investment.

    #339825

    JohnRClem
    Participant

    agtw31 wrote >>
    why are taxpayer dollars be needed to pay for a soccer stadium?

    They don’t, just saying it’d be a better investment if one were to be made. (and it was a joke anyway)

    #339826

    greenhouse1014
    Participant

    Works out pretty well in Green Bay with the Packers

Viewing 15 posts - 16 through 30 (of 589 total)

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