Posts tagged with "Arenas":
Cincinnati’s U.S. Bank Arena unveils major overhaul and expansion to stay relevant amid regional competition
I wrote in spring 2014 that the city needs a new or vastly renovated arena to compete with surrounding cities and lure many big-time events. At the time, some experts said Cincinnati will remain behind other cities without a brand-new facility. Peter Marrocco, vice president of business development and marketing at Walnut Hills-based HGC Construction, said a proper overhaul would cost $100 million, but even that might not work. “My concern is that’s not even going to get you up to par with Yum Center,” he said. “I don’t even think $100 million is going to be enough. We’d be putting a Band-Aid on a bleeding wound.”While the expansion adds only 500 regular concert seats, it will balloon the amount of club seats from 352 to 1,750. It will also add 40–60 suites in a new middle level closer to the stage. The lack of such suites apparently contributed to the arena losing its bid to host the 2016 Republican National Convention. (That convention will be held in Cleveland.) More images of the U.S. Bank Arena project, courtesy MSA Sport:
The development would include a 700,000-square-foot, 17,000-seat arena; a 60,000-square-foot public plaza, anticipated as a sort of live entertainment space on what is largely a city-owned parking ramp at the corner of N. 4th St. and W. Highland Ave.; and arena parking across the street in the Park East area. Total amount of space just for that portion of the development: 1 million square feet.The new stadium would occupy a site between Fourth Street and Sixth Street from State Street to McKinley Avenue, at the heart of a growing entertainment district north of the team's present home, the BMO Harris Bradley Center. That arena, which opened in 1988, would be demolished to make room for either a hotel, commercial space, or new offices. In a press release the Bucks' management said the new arena “will seamlessly link with active development on all sides, including Old World Third Street, Schlitz Park, The Brewery, the Milwaukee riverfront, Water Street and the Wisconsin Center.” But those plans float on unsettled budget negotiations that include up to a quarter of a billion dollars in public financing. Gov. Scott Walker initially promised $250 million in state bond money, but some members of the state legislature have balked at the amount. Milwaukee Mayor Tom Barrett supports the plan, offering $25 million in city support, including $17 million in infrastructure improvements on and around the proposed new arena site.
Another surprise, sources familiar with the Bucks' plans said, is the Bucks' intention to build a state-of-the-art practice facility as soon as possible on Park East land just east of The Brewery development. The Bucks' practice facility is in leased space at the Archbishop Cousins Center in St. Francis; the team would have to buy out the lease.