Nationwide Arena/CBJ Finances Discussion II
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08-08-2011, 01:35 PM
Join Date: Nov 2005
Originally Posted by
True, but if, as is being said, the root of the Jackets financial problems is the Arena lease, then I'd think the first step toward resolution would include a renegotiation between tenant and landlord.
The lease itself is only one part of it. You also get into naming rights, luxury boxes, etc. There is a lot of revenue that other teams get (at least to a far greater extent), that's why the original objective was for Nationwide to sell the arena to Franklin county.
You can dig in your heels if you like. Nationwide isn't going to easily bend and shoulder the entire burden of concessions. What people seem to want is for Nationwide to shoulder the responsibility of subsidizing the Jackets because they own a lot of property in the Arena district. Not a great way to handle one of the larger employers of people in central Ohio.
The main problem is who owns the arena. A smaller issue is OSU and the Schott. We decided to not fund it through a sin tax. So now it's off to the next phase. We seem to think that Nationwide is our *****. Good luck with that.
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