Quote:
Originally Posted by esquire
^ Regarding the pictures you posted, what's to say that the existing seats behind, say, the south net couldn't be transformed into something like that? Arenas change seating configurations all the time, and if there is a need for more premium seating there is no real obstacle to adding more of it at CLC.
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Quote:
Originally Posted by esquire
Why what? If the Jets replace some regular seating with premium seating and make more money that way even if overall capacity goes down, then what is the issue? .
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The issue with converting general seating to premium is that its essentially net zero in winnipegs case. if you cannabilze 500 general lower bowl seats to create 330 premium seats you would have to price them astronomically high to improve your business model by a gate standard alone, then factor the losses of 170 patrons concession dollars you might be worse off. In bigger buildings with 19,500+ seats with large configurations this isn't an issue example (montreal,ottawa,chigago,philly,anahiem) but Winnipeg cant really afford to lose seating especially when demand is high.
I think the overall issue is how Canada Life stacks up to other arenas long term not today. For example where they fall on the building revenue chart.
lets say edmonton,newyork,montreal,toronto and Chicago are top 5 in no order. Winnipeg most likely sits around 23rd-27th as of today. So we could expect Winnipeg to sit probably right below the average in terms of gate and concession revenue. Still profitable but what happens when the league starts collectively renovating to todays standards and continues to build new arenas and CLC doesn't have the ability to follow those trends? In 2011 NHL arenas were basically still uniformly seats, luxery boxes and more seats. That is changing rapidly and as these new buildings continue to be built the pressure on the older buildings to renovate or replace gets greater because the average revenue goes up which effects your cap. So to stand still on these changes long term isn't an option club seating is becoming king.
And that's what makes CLC so difficult. It's still so new that in 10 years the thought of replacement is hard to imagine in Canada. The cap in 2011 was just under 65M today its 85M. It's only a matter of time until the salary cap outstrips the revenue potential of CLC in its current form. Ticket prices can only go up so far if anything True North has regressed from the top price Winnipeg is willing to pay to catch an NHL game.