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People only see building an arena and money. What they don't see is the increase in construction jobs, increase in jobs at the facility for the events it holds, the increase in retail sales near the site, etc. People seem to think this is ABQ of 1950. We are out of land, and given that we grew almost 100,000 people in the last census in the city alone we have to build up. Uptown is full. No other areas will allow a build up. There are a few pockets here and there and Mesa Del Sol. After that? Even a city planner said they will have no choice but to build up downtown. So with that said, yes an arena is a good investment if done correctly.
Are you kidding me. Albuquerque will remain a suburban city, till we are both gone. And probably after our bones become dust. The city will expand out west even further, this will happen slowly, but it will be the direction Albuquerque takes. Westland owns all the land up to the indian reservations. Room is what we have, Albuquerque won't become that 'urban' place I want it to be, in my lifetime anyway...
Well, here we are, June 2013 and Albuquerque is nowhere near getting a new arena.
Omaha has the 17,500 seat CenturyLink Center, and down the road, they are getting ready to open a new 15,500 seat arena in Lincoln, NE.
Let's see: Albuquerque has the 11,000 horse barn Tingley Coliseum, built in the mid 50s. The once mighty 18,000 seat Pit is now a 15,000 seat 47 year old gym (not an arena in the modern sense), and Las Cruces has the dated 12,500 seat Pan American Center.
Wichita, KS has a new 15,000 seat arena, Fresno, CA has a 15,500 seat state of the art arena.
Tulsa, OK has the fairly new 18,000 seat BOK Center.
Des Moines, IA has a 15,000 state of the art arena.
I guess Albuquerque belongs to a pretty "elite" group of cities who are "too smart" to fall for that old trick of building a nice arena for citizens to enjoy sports, concerts, and other large scale entertainment, and to help attract major business to the area and compete with those cities listed above.
If our goal it to be El Paso, we are getting there.
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