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Old 10-22-2019, 08:06 AM
 
5,818 posts, read 3,579,956 times
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Quote:
Originally Posted by Heel82 View Post
What is the reasoning for Richmond building a new arena? 17500 is really large.
Well, the Richmond Coliseum will be 50 years old in 2021, it's long past its prime and needed to be replaced. As for the 17,500 seats, maybe they are trying to get a relocated NBA team in the future or just want bigger named concerts/shows that normally bypass the Richmond metroplex?

Having a 17,500 seat arena for a 1.3 million person metroplex doesn't seem too out of the ordinary. They could also host 1st/2nd rounds of the NCAA tournament if the new arena is built.

Scrutiny of public financing intensifies after $1.5B downtown redevelopment deal​ clears Planning Commission

Its plan calls for a 17,500-seat arena; a high-rise hotel ; 2,500 apartments, with 480 reserved for people earning less than the region’s median income; 1 million square feet of commercial and office space; 260,000 square feet of retail and restaurant space; renovation of the historic Blues Armory; a new transfer plaza for GRTC Transit System bus riders; and infrastructure improvements.

The city would owe more than $600 million over the course of 30 years for the new arena, which NH District Corp. would lease and operate. The Stoney administration has said it wants to repay the debt faster to save money in the long run.

Investors with which NH District Corp. is working would spend $900 million on the first wave of privately owned development and $1.3 billion total.
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Old 10-22-2019, 09:18 AM
 
1,124 posts, read 421,655 times
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Just seems like a lot without a big drawing permanent tenant. But will be interesting to see, thanks for the share.
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Old 10-22-2019, 09:39 AM
 
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Quote:
Originally Posted by Heel82 View Post
Just seems like a lot without a big drawing permanent tenant. But will be interesting to see, thanks for the share.
Won't be the first time a city did that and it won't be the last, just look at the Sprint Center (18,972 for basketball and 17,544 for hockey) in Kansas City that opened in 2007, still waiting, 12 years and counting, for that NBA or NHL team to play there full-time!

Or the Videotron Centre (18,259 for hockey) in Quebec City, waiting for that NHL team, I guess they do have a Quebec Major Junior Hockey League team that plays there in the mean time, but that arena is a wee bit overkill for that league.
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Old 10-22-2019, 12:27 PM
 
Location: East Tennessee and Atlanta
4,261 posts, read 9,055,852 times
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Quote:
Originally Posted by kyle19125 View Post
I think Central/SE Virginia is potentially the biggest "miss" in pro sports franchising currently in terms of lack of overlap with neighboring teams, and financial demographics in terms of disposable income needed to attend games. A well placed sports venue/team in say Williamsburg would be central to a combined two MSA total of over 3 million in population.
I completely agree. Tons of missed opportunity here. It's loaded with 2 big metros, appealing financial demographics, and a geographically ideal spot. Washington DC 3 1/2 hours roughly away, and Raleigh about 2 hrs, 45 min.

Really great expansion team cities.
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Old 10-22-2019, 05:39 PM
 
21,575 posts, read 31,245,492 times
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Quote:
Originally Posted by Heel82 View Post
What is the reasoning for Richmond building a new arena? 17500 is really large.
Greensboro NC has the Greensboro Coliseum which seats up to 22K minus any major pro sports franchises and is pretty heavily used for all kinds of amateur sporting events including NCAA Basketball Tournament regional games and hosting the ACC Basketball Tournament. A well-organized and managed facility can survive quite nicely minus pro sports.

Greensboro Coliseum | Greensboro Coliseum Complex
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Old 10-22-2019, 07:22 PM
 
1,124 posts, read 421,655 times
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Greensboro is 60-years old though. No one is plopping down a billion there now for a new 23000-seat arena.
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Old 10-22-2019, 08:55 PM
 
21,575 posts, read 31,245,492 times
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Quote:
Originally Posted by Heel82 View Post
Greensboro is 60-years old though. No one is plopping down a billion there now for a new 23000-seat arena.
They wouldn't have to since it's already there, so.....
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Old 10-22-2019, 09:07 PM
 
6,766 posts, read 14,016,807 times
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Quote:
Originally Posted by kyle19125 View Post
Greensboro NC has the Greensboro Coliseum which seats up to 22K minus any major pro sports franchises and is pretty heavily used for all kinds of amateur sporting events including NCAA Basketball Tournament regional games and hosting the ACC Basketball Tournament. A well-organized and managed facility can survive quite nicely minus pro sports.

Greensboro Coliseum | Greensboro Coliseum Complex
Louisville's KFC Yum Center is case and point . Also seating close to 23,000, it's one of the most financially successful arenas in the country despite early concerns that it had a bad bond and debt service. It doesn't hurt to have Louisville men and women's basketball as tenants, two of the highest grossing/attendance teams in the USA. There are also something like 70 luxury suites and probably a dozen high end bars/restaurants. The place is nicer than at least half of the NBA arenas.

Several times it has ranked top ten in the entire country in ticket sales. here was one such time:

https://www.kfcyumcenter.com/news/de...ry-publication
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Old 10-22-2019, 10:08 PM
 
Location: Planet Earth
7,395 posts, read 8,373,867 times
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I think after Austin (which is getting MLS in a few years), and Louisville should the NBA or anyone else give them a look, that's probably it for "untapped" markets.
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Old 10-23-2019, 06:44 AM
 
Location: Austin, TX
1,305 posts, read 2,642,721 times
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I can see Austin getting a NHL or MLB franchise in the future.
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