So, like, chat GPT tells me there's 80 sports events, and about 20 concerts per year?
So a loss of about 100k per event. Not great numbers.
Quote:
Originally Posted by phil235
I think it was a series of things that changed the projections, starting with the unanticipated structural work, and more recently COVID and the impact on retail and office lease rates.
They do specifically mention that the Redblacks' revenue being down this year as a cause (no playoff game for a bunch of seasons), but that is pretty minimal in the big picture, and they must have accounted for that. Either way, it seems like it should have been offset by the fact that the arena etc. are really busy with the PWHL, CEBL and now rugby and women's soccer. Unless the initial projections counted on all of those new teams, but that would have been a bit silly to project.
Also not sure when the revenue from the World Juniors gets booked. Probably in 2025.
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