Update on Columbus/OSU arena management situation; $25mm losses 10-11

Discussion in 'Fugu's Business of Hockey Forum' started by LadyStanley, Aug 8, 2011.

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  1. LadyStanley

    LadyStanley RIP Fugu

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    http://www.dispatch.com/content/stories/local/2011/08/07/osu-arena-art-g10dlo3i-1.html

    Nationwide Arena and OSU's Schottenstein Center combined arena management. Looking good, as they're $1mm ahead of where they thought they'd be. Deal has been extended.

    Jackets pay $5mm in rent. No longer pay management company (SMG) to manage arena (so there's some savings there as well).

    (Previous thread on topic: http://hfboards.com/showthread.php?p=33109617)
     
  2. LadyStanley

    LadyStanley RIP Fugu

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    http://www.dispatch.com/content/stories/local/2011/08/07/casino-tax.html

    And Columbus may be getting $$s from nearby casino to help with their deficit.
     
  3. Fugu

    Fugu Guest

    Yup, he'd be the guy to go to for an assessment.

    1. If he did foresee the Phoenix situation (doubt he expected bankruptcy filing), he certainly never let on. There were no concerns, iirc. ;)

    2. He actually didn't foresee the Phoenix situation devolving as badly as it did, so his assessment holds little value. :laugh:
     
  4. Jaxs

    Jaxs Registered User

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  5. Shawa666

    Shawa666 Registered User

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    And Atlanta wasn't moving.
     

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