The agreement True North signed with the province and the city for the annual subsidies is 25 years in length. Expect negotiations for a new arena to begin near the end of that agreement around 2035 or so.
I like the arena but there are several flaws including:
1. Seats and legroom are too narrow. It is becoming increasingly difficult to bring consumers out of their living rooms with all the creature comforts of home and large high-definition TVs. Yes, this can even happen with sports locals are enamored with. MTS Centre has 17-inch standard seats and 19-inch club seats while the normal standard is 19 and 21-inches. This cannot be alleviated by any other means than a new arena unless one is willing to reduce capacity by 1500 or so to accommodate larger seats. That is not an option given the small capacity of the arena.
2. Both the lower bowl and upper bowl concourse are too narrow (despite expansion of the upper bowl). This problem cannot be alleviated in the lower bowl and may only be alleviated in the upper bowl at great expense (cantilvering for the upper bowl?)
3. The lower bowl is too small. It only seats 8,000 and the standard for arenas with professional hockey teams is 9000 - 10,000. Having more seats in the lower bowl ultimately means greater revenues as the bulk of the gate comes from the lower bowl and suites. Those extra 1000-1500 seats would provide the club with a substantial influx of cash. The small footprint of the site did not allow for a larger lower bowl.
4. High-end seating options (not including suites here) have various flaws. All the club seats are behind the net. I imagine people spending money for this "premium" option) might get a little tired of the long-term prospect of having to spend every single year behind the net with the most expensive tickets in the building while club seat holders in nearly every other building in the NHL have the option of purchasing seats between the goal lines. The loge seats, as has been mentioned here many times were a poorly executed add-on to the MTS Centre that has detracted from the views of thousands of people in the upper deck. It would ideal if these loge seats had their own separate level in the arena (like the new Oilers arena) or were located at the top of the lower bowl (as in several NHL arenas). Again this cannot be accomplished at MTS Centre due to the footprint of the building itself.
5. Low number of loge and club seating. This is a bit of a carry-over from my last point. Only 250 or so loge seats and only 1000 or so seats for club seating. This may be fine for now...or maybe not, but I am positive it won't be fine a few decades from now. Only one club...behind the net. Virtually every other new arena has two or three club options and nearly double the club seats. This applies to the loges. Newer arenas typically have double the loges.
5. Player locker rooms and facilities. Probably the most meagre of any of the "newer" NHL arenas in the league.
6. Concession points of sale. Probably the fewest in the league outside a few of the older arenas. This despite improvements to the upper concourse. Long lineups cost the team money as people are discouraged to spend money if they miss a substantial portion of the game for which they dearly paid.
There are probably a few more flaws with the building but these are the ones that most immediately come to my mind.
Winnipeg and Manitoba are growing at a steady if unspectacular pace. The province has grown by nearly 75,000 since the Jets arrived, two-thirds of which is in Winnipeg and almost all of which resides in southern Manitoba. If this steady growth continues for the next two decades, we should expect to experience another increase of 300,000 in the province.
While I realize the population growth of this province is entirely derived from international immigration from mostly non-hockey-loving countries, I would think some of the newly christened Manitobans would latch on to hockey as their spectator sport of choice, not to mention their children who will have grown up in the culture which embraces hockey as its number one sport. I believe the demand will be there for a larger arena, with more high end options and various other additions that might not exist with current arenas but may become commonplace within a few decades.