Captain Crash
Registered User
- Apr 9, 2015
- 464
- 231
A friend who works in media in southwest Indiana told me today that the Owensboro arena is not happening and Geary is looking to relocate/sell the franchise.
An existing franchise that can be purchased and moved is an asset that has value. A folded franchise is not. The annual ECHL dues are a pittance compared to the value of the franchise - he can sell it and recoup the money he spent on dues. Portland, obviously, is looking to buy an existing team. This is an obvious candidate to be that one.
Tell your friend bravo.
http://www.14news.com/story/32552699/owensboro-will-not-build-new-arena-for-icemen
Owensboro will not be building a new arena to house the IceMen.
City officials estimated the arena, which would have been built on Highway 54, would have cost around $20-25 million.
The funding for the new arena would be part of the Highway 54 TIF money, but city officials say they have decided not to move forward with the project after conducting a feasibility study.
[PREVIOUS: IceMen will not play 2016 season]
City officials say they sent a letter to the IceMen late this past spring informing the organization of their decision. They tell us the team is now exploring other options including renovating the Owensboro Sportscenter.
We're told plans for a restaurant with offtrack betting in downtown Owensboro will still be moving forward.
This story will be updated.
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