Former MLSE boss now part of Hamilton’s downtown arena renovation project
https://www.thespec.com/news/hamilto...-district.html
For a couple years now, the proposed budget for a private-sector renovation of FirstOntario Centre has been pegged at $50 million or so.
That just got considerably bigger.
The local consortium that won the right to redevelop Hamilton’s downtown entertainment venues
has partnered with Oak View Group (OVG), a Los Angeles-based arena development company headed by former Maple Leaf Sports and Entertainment CEO Tim Leiweke who says his organization will be making a significant financial contribution toward the arena.
“(The building) needs an upgrade,” Leiweke says. “It needs some tender loving care. It needs an investment. It needs to be brought up to the standards that now are pretty traditional in arenas ... We’ve got to put some real money into that building and fix it.”
How much more money?
Jasper Kujavsky, Hamilton Urban Precinct Entertainment Group (HUPEG) partner and director of the arena project, says the new budget will be “at least $80 million.”
This will lead to a far-more impressive venue than initially planned with greater amenities and a vastly improved experience for users, says HUPEG president PJ Mercanti.
The specific improvements haven’t been determined yet. Those details are still being worked out. A final budget should be announced in a month or so, Kujavsky adds.