Posted Nov 2, 2023, 10:30 PM
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Registered User
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Join Date: Nov 2006
Posts: 1,299
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Quote:
Originally Posted by Innsertnamehere
I imagine Oakview is going all in on the arena and will do their contractual minimums on the other facilities - so don't expect much. $2.5 million on the concert hall will basically just buy some basic deferred maintenance.
Otherwise - this is super exciting and feels real this time, I think. Getting Copps up to modern standards is going to make a massive difference not only for the arena itself, but the wider downtown. With 150 events a year and 1 million annual visitors, that's a very strong customer base for restaurants, hotels, etc. downtown. It's a massive multiple over what the facility currently attracts, which is probably more like 150-200,000 visitors at most annually.
Plus it'll be fun to get a lot more major shows in Hamilton too.
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$280 million is way more than I would have expected would ever be spent on this arena. Best thing we could have hoped for aside from an NHL team.
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