$290M renovation of Hamilton's FirstOntario Centre underway, concerts to take stage next year
Not-yet-named NBA player from Hamilton is a big investor in project, says developer
https://www.cbc.ca/news/canada/hamil...tion-1.7292361
Hamilton's revamped FirstOntario Centre will reopen in just over a year, with major events already being booked for late 2025, says one of the developers.
The $290-million renovation project is on schedule and on budget, and has attracted a slew of investors, Tom Pistore, Oak View Group Canada president, told councillors at a general issues committee meeting Monday.
The Oak View Group is developing the arena along with the Hamilton Urban Precinct Entertainment Group.
"We feel enthusiastic," Pistore said.
Demolition is underway. Then, the arena will get a makeover to include enhanced acoustics, improved sight lines, expanded concession areas and premium seating options, says a city staff report.
The project is being backed by at least one big-name investor, said Pistore.
The investor hasn't been officially announced yet, but Pistore gave hints: He's from Hamilton, is an MVP candidate in the NBA and just returned from the Olympics.
"I will let you glean who that might be," said Pistore. "He is absolutely excited to be part of the project as well."
Shai Gilgeous-Alexander comes to mind. He was an integral part of Canada's men's basketball team in Paris, currently plays with Oklahoma City's Thunder and grew up in Hamilton.
The arena will also include a restaurant, open to the public, by a Canadian "global icon" to be announced soon, said Pistore.
Concerts in high demand
Coun. Cameron Kroetsch, who represents the downtown ward, noted that for years, Hamilton has been overshadowed by Toronto when it comes to attracting tours.
That will no longer be a problem, said Pistore.
There's currently a huge demand in southern Ontario for concerts and not enough Toronto venues to keep up, he said.
The Hamilton arena will serve as a "relief valve" — booking popular acts for the west Greater Toronto Area (GTA) audience, Pistore said.
The same group of developers will be renovating the Hamilton Convention Centre, a $10-million project to be finished late next year, the staff report says.
The ballrooms and kitchen will be upgraded, and there will be improvements to the building's structural and mechanical components. Convention centre programming will continue throughout the renovations.
Hybrid Mode