[Moncton] Downtown Developments

[MonctonRad]

The 4-Ice Centre has entered into a new naming contract and will no longer be called the "Red Ball Internet Centre". For the next five years, the facility will be called the "Superior Propane Centre".

I'm kinda iffy on the name, but apparently the naming rights are worth about $200,000. This is nothing to sneeze at.

It makes you wonder what the naming rights for the new events centre will be worth. It surely will be in the seven figure range........

[Scarface]

Originally Posted by MonctonRad

The 4-Ice Centre has entered into a new naming contract and will no longer be called the "Red Ball Internet Centre". For the next five years, the facility will be called the "Superior Propane Centre".

I'm kinda iffy on the name, but apparently the naming rights are worth about $200,000. This is nothing to sneeze at.

It makes you wonder what the naming rights for the new events centre will be worth. It surely will be in the seven figure range........

I must say it is a strange name for the 4 Plex... It's also strange to me that they change the name every 5 years as well but if it makes them money...

[Good2go]

Originally Posted by Scarface

It's also strange to me that they change the name every 5 years as well but if it makes them money...

Red Ball went out of business in February 2014. I'm surprised it took this long to get a new name for the place. They must have paid in advance.

[JHikka]

Originally Posted by Scarface

It's also strange to me that they change the name every 5 years as well but if it makes them money...

Arenas and complexes do this fairly often. Larger centres do it just as often as the 4Plex has in its history. The Bell Centre in Montreal wasn't always the Bell Centre, just like Rogers Arena in Vancouver wasn't always Rogers Arena. The arena here in Ottawa was first the Palladium (1996), followed by the Corel Centre (1996-2006), followed by Scotiabank Place (2006-2013), and is now the Canadian Tire Centre. It just shows there are companies willing to put forward the money for sponsorship naming rights.

IIRC this is only the 4Plex's third sponsor after Tim Hortons and Red Ball.

[Scarface]

Originally Posted by JHikka

Arenas and complexes do this fairly often. Larger centres do it just as often as the 4Plex has in its history. The Bell Centre in Montreal wasn't always the Bell Centre, just like Rogers Arena in Vancouver wasn't always Rogers Arena. The arena here in Ottawa was first the Palladium (1996), followed by the Corel Centre (1996-2006), followed by Scotiabank Place (2006-2013), and is now the Canadian Tire Centre. It just shows there are companies willing to put forward the money for sponsorship naming rights.

IIRC this is only the 4Plex's third sponsor after Tim Hortons and Red Ball.

Lets say the 4 Ice brings in 200,000$ from whatever company wants to promote there business by naming the 4 ice for 5 years because that's what it looks like there time frame is. I'm guessing the cost of the sign would come out of that or does the company pay 200,000+cost of the sign?

[Good2go]

Originally Posted by Scarface

Lets say the 4 Ice brings in 200,000$ from whatever company wants to promote there business by naming the 4 ice for 5 years because that's what it looks like there time frame is. I'm guessing the cost of the sign would come out of that or does the company pay 200,000+cost of the sign?

The story I read said Superior would also pay for all costs to convert from natural gas to propane, and the costs to change the name.

[MonctonRad]

Still nothing new on Fivefive Queen. Monctoncore e-mailed then last month and was told they planned to break ground this fall. I suppose it's still not fall yet, but there are no signs of activity on the site. Hopefully things are still on track.

Browsing the 55 website, they say there are a total of 18 condo units still available. Floors 5-8 are the condo floors, and if you add up the total number of units on these levels (using the floor plans), you get a grand total of 46 condo units. this suggests that 60% of the units have been spoken for. I wonder what the threshold of committed buyers has to be before the developers feel comfortable about moving forward? 60% must be pretty close.......

[MonctonRad]

Colour for the page.


Downtown Moncton from the top of the Crowne Plaza Hotel.
from Councillor Dawn Arnold's Facebook page.

[Scarface]

Originally Posted by MonctonRad

Colour for the page.


Downtown Moncton from the top of the Crowne Plaza Hotel.
from Councillor Dawn Arnold's Facebook page.

From what I've heard that view will be different. More then anyone of us know or realize if all potential projects are approved in the downtown core.

[NBNYer]

Originally Posted by Scarface

From what I've heard that view will be different. More then anyone of us know or realize if all potential projects are approved in the downtown core.

By all means, please inform us of these projects if you can

[Scarface]

Originally Posted by NBNYer

By all means, please inform us of these projects if you can

None have yet been Confirmed but the building next to the tracks is assumed to have been approved for another Hotel in that area with a Commercial space(Restaurant) on the main level, and underground parking potentially. I was actually told by someone within the business community they had heard of a company who has been looking at purchasing that entire block but never mentioned the company by name. So it's still only rumors, and the rumors of the redevelopment of a parking lot facing both Lutz St, and Robinson Street as well. Also the potential redevelopment of the old Record Street Co-op. That's all I've heard as of Late. But I know there where talks on, and off over the years from property owners, and resident alike wanting downtown to be revamped. I do hope that now with the approved Downtown Even Center we will hopefully see the potential projects happen, and have a revamped, and used downtown.

[Mattyyy]

Originally Posted by MonctonRad

Still nothing new on Fivefive Queen. Monctoncore e-mailed then last month and was told they planned to break ground this fall. I suppose it's still not fall yet, but there are no signs of activity on the site. Hopefully things are still on track.

Browsing the 55 website, they say there are a total of 18 condo units still available. Floors 5-8 are the condo floors, and if you add up the total number of units on these levels (using the floor plans), you get a grand total of 46 condo units. this suggests that 60% of the units have been spoken for. I wonder what the threshold of committed buyers has to be before the developers feel comfortable about moving forward? 60% must be pretty close.......

Anybody know anyone who parks there? I would assume these people would need at least a few months notice that they will need to find alternative parking. That could be an easy way to find out. For some reason my confidence isn't high with this project. It should have been completed by now.

[Mattyyy]

Originally Posted by Scarface

None have yet been Confirmed but the building next to the tracks is assumed to have been approved for another Hotel in that area with a Commercial space(Restaurant) on the main level, and underground parking potentially. I was actually told by someone within the business community they had heard of a company who has been looking at purchasing that entire block but never mentioned the company by name. So it's still only rumors, and the rumors of the redevelopment of a parking lot facing both Lutz St, and Robinson Street as well. Also the potential redevelopment of the old Record Street Co-op. That's all I've heard as of Late. But I know there where talks on, and off over the years from property owners, and resident alike wanting downtown to be revamped. I do hope that now with the approved Downtown Even Center we will hopefully see the potential projects happen, and have a revamped, and used downtown.

Are you referring to the corner lot which is the old parking lot for the Bay?

[Scarface]

Originally Posted by Mattyyy

Are you referring to the corner lot which is the old parking lot for the Bay?

The potential Hotel Project would be same side of main as T&T But between The Subway (Rail), and Lutz, The Parking lot is South of Denis Office Supplies, and of course the old Co-op is at 20 Record Street. Hope this helps.

[David_99]

Originally Posted by Scarface

The potential Hotel Project would be same side of main as T&T But between The Subway (Rail), and Lutz

Isn't Personnel Search is the only tenant left on that whole block? Would be nice to see something there. It's a shame but for anyone wanting to preserve the building, it would have to be completely gutted. We were planning to open a private school about a dozen years ago. We checked out the 2nd & 3rd floors in the centre building. I remember the walls were paper thin and the floors didn't feel safe.

[NBNYer]

Originally Posted by David_99

Isn't Personnel Search is the only tenant left on that whole block? Would be nice to see something there. It's a shame but for anyone wanting to preserve the building, it would have to be completely gutted. We were planning to open a private school about a dozen years ago. We checked out the 2nd & 3rd floors in the centre building. I remember the walls were paper thin and the floors didn't feel safe.

I don't like the idea of demolition to make space for a new project when there are literally acres of empty lots and surface parking throughout downtown.

On the other hand, the buildings being in such bad shape is likely part of the reason why they can't find any tenants.

Architecturally, the 3 story central building is about the only one that would be worth saving. If it's in as bad a shape as you say it is, maybe a facade preservation would be the best for this building. Incorporating it into a new development.

[MonctonRad]

Originally Posted by NBNYer

Architecturally, the 3 story central building is about the only one that would be worth saving. If it's in as bad a shape as you say it is, maybe a facade preservation would be the best for this building. Incorporating it into a new development.

I'd be in favour of preserving the facade. This block is one of the last intact example of late 19th/early 20th century architecture left on Main Street.

Personally, I would be surprised if a hotel were interested in this block. It is an odd triangular lot and the adjacent rail line might make construction difficult. I wonder how the hotel tenants would feel about the odd train rumbling by at 3 AM. I've eaten at Graffiti's when a train has passed by and it is certainly noticeable.

Like you, I wonder about building here when there is so much surface parking in the core that could be used up first.

[Scarface]

Originally Posted by Mattyyy

Anybody know anyone who parks there? I would assume these people would need at least a few months notice that they will need to find alternative parking. That could be an easy way to find out. For some reason my confidence isn't high with this project. It should have been completed by now.

I think they did the same as the Townhouse Project off Millennium Blvd. If so they where priced to high for the area (Meaning Moncton). But would have been at the right price for Toronto. Majority of housing is still priced well below the 200 000$ mark so as soon as something cost more, and has Monthly maintenance fees on top of the price tag people tend to look the other way. From what I've heard these companies who construct these developments are from areas like Montreal, Toronto, Ottawa, and Vancouver. So one has to wonder if they do any research on housing prices in the area first or not.

[HanSoloCup]

Did anyone catch the article in the Times & Transcript Sept. 18, 2015 - "Moncton development hits $80M, outlook for rest of 2015 'healthy'". https://www.telegraphjournal.com/times-transcript/story/43936447/moncton-development-hits-80m

In it Kevin Silliker (Moncton's Director of Economic Development) mentions "while he couldn't give specifics as they have not been made public, Silliker noted that there are "a couple of downtown initiatives which look really exciting." "We love to see investment in our downtown and so those ones have us very enthusiastic."

[MonctonRad]

Welcome to the forums.

Yes, I saw that article too. There are specific proposals however that we know about, like 55 Queen, The Junction Urban Village or the refurbishment of 1222 Main street that he could have been referring to. There is also the Aquillini Block, the old Coast Tire location on Main Street and potential developments on the old Bay parking lot.

This possible hotel next to the Subway is still only at the rumour stage and might be completely mythical.

There will likely be lots of rumours downtown for the next couple of years before things begin to settle out........