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Regional Municipality of Wood Buffalo

Regional Municipality of Wood Buffalo. Sports and Entertainment Centres November 19, 2013. What is a Sports and Entertainment Centre.

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Regional Municipality of Wood Buffalo

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  1. Regional Municipality of Wood Buffalo Sports and Entertainment Centres November 19, 2013

  2. What is a Sports and Entertainment Centre • Commencing in the early 1990’s, central and western Canada have experienced a “boom” in the construction of new, state-of-the-art multi-purpose spectator arenas and event centres • These new facilities contain many of the same amenities and features that exist within much larger NHL buildings, including: • luxury suites • club seat areas • restaurants • retail outlets • enhanced food and beverage / concession areas • larger concourses • wider seating • corporate hospitality areas • better advertising positions and opportunities RMWB – Sports and Entertainment Centres

  3. What is a Sports and Entertainment Centre • The main impact of these enhancements has been to: • enhance the in-game experience of fans and thereby increase average attendance • provide greater revenue generating opportunities to both the main tenant hockey club and the facility • broaden the range of other events, including concerts, family shows, other sporting events, trade shows, corporate events, community events, etc. which can be booked into facility RMWB – Sports and Entertainment Centres

  4. Sports and Entertainment Centre – Images Interior Savings Centre, Kamloops BC Size: 5,500 seats Location: downtown Date opened: 1993 Cost: $18.5 million Lead tenant: Kamloops Blazers (WHL) RMWB – Sports and Entertainment Centres

  5. Sports and Entertainment Centre – Images CN Centre, Prince George BC Size: 6,000 seats Location: suburban Date opened: 1995 Cost: $20.0 million Lead tenant: Prince George Cougars (WHL) RMWB – Sports and Entertainment Centres

  6. Sports and Entertainment Centre – Images Prospera Place, Kelowna BC Size: 6,200 seats Location: downtown Date opened: 1999 Cost: $19.0 million Lead tenant: Kelowna Rockets (WHL) RMWB – Sports and Entertainment Centres

  7. Sports and Entertainment Centre – Images Western Financial Place, Cranbrook BC Size: 4,300 seats (add-on to a large community recreation complex) Location: suburban location Date opened: 2000 Cost: $22.6 million (cost of add-on 4,300 seat facility; total project was approximately $30.0 million) Lead tenant: Kootney Ice (WHL) RMWB – Sports and Entertainment Centres

  8. Sports and Entertainment Centre – Images Save-on-Foods Memorial Centre, Victoria BC Size: 7,000 seats Location: downtown Date opened: 2003 Cost: $32.0 million Lead tenant: Victoria Royals (WHL) RMWB – Sports and Entertainment Centres

  9. Sports and Entertainment Centre – Images Prospera Place, Chilliwack BC Size: 5,000 seats plus community ice pad Location: suburban (abutting downtown) Date opened: 2004 Cost: $20.3 million Lead tenant: Chilliwack Chiefs (BCHL) RMWB – Sports and Entertainment Centres

  10. Sports and Entertainment Centre – Images Encana Events Centre, Dawson Creek BC Size: 4,500 seats (part of larger agriplex) Location: suburban Date opened: 2008 Cost: $20.0 million Lead tenant: n/a (the facility has been without a lead tenant since 2012 when the NAHL Dawson Creek Rage folded) RMWB – Sports and Entertainment Centres

  11. Sports and Entertainment Centre – Images Events Centre, Langley BC Size: 5,000 seats (facility also includes a community centre, gymnastics centre and three gymnasiums) Location: suburban Date opened: 2008 Cost: $57.0 million Lead tenant: Langley Chiefs (BCHL) RMWB – Sports and Entertainment Centres

  12. Sports and Entertainment Centre – Images South Okanagan Events Centre, Penticton BC Size: 5,100 seats Location: suburban (abutting downtown) Date opened: 2008 Cost: $78.0 million Lead tenant: Penticton Vees (BCHL) RMWB – Sports and Entertainment Centres

  13. Sports and Entertainment Centre – Images Entertainment & Sports Centre, Abbotsford BC Size: 7,000 seats Location: suburban Date opened: 2009 Cost: $80.0 million Lead tenant: Abbotsford Heat (AHL) RMWB – Sports and Entertainment Centres

  14. Sports and Entertainment Centre – Images Enmax Centrium, Red Deer AB Size: 5,800 seats (currently undergoing expansion to 7,000 seats) Location: suburban (located in Westerner Park, a agricultural fair grounds complex) Date opened: 1991 Cost: n/a Lead tenant: Red Deer Rebels (WHL) RMWB – Sports and Entertainment Centres

  15. Sports and Entertainment Centre – Images New Sports and Entertainment Centre, Medicine Hat AB Size: 5,700 seats Location: suburban Date opened: 2016 Cost: $64.7 million Lead tenant: Medicine Hat Tigers (WHL) RMWB – Sports and Entertainment Centres

  16. Sports and Entertainment Centre – Images Mosaic Place, Moose Jaw SK Size: 4,500 seats Location: downtown Date opened: 2011 Cost: $61.2 million Lead tenant: Moose Jaw Warriors (WHL) RMWB – Sports and Entertainment Centres

  17. Sports and Entertainment Centre – Images Molson Centre, Barrie ON Size: 4,200 seats Location: suburban (built on land donated by Molson Breweries) Date opened: 1995 Cost: $13.0 million Lead tenant: Barrie Colts (OHL) RMWB – Sports and Entertainment Centres

  18. Sports and Entertainment Centre – Images RBC Centre, Sarnia ON Size: 5,000 seats (part of multi-pad complex) Location: suburban (built on lands provided by Lambton College) Date opened: 1998 Cost: $18.5 million Lead tenant: Sarnia Sting (OHL) RMWB – Sports and Entertainment Centres

  19. Sports and Entertainment Centre – Images Powerade Centre, Brampton ON Size: 5,000 seats (part of multi-pad arena and sport field complex) Location: suburban Date opened: 1998 Cost: $24.5 million Lead tenant: Brampton Beast (CHL) RMWB – Sports and Entertainment Centres

  20. Sports and Entertainment Centre – Images Hershey Centre, Mississauga ON Size: 5,400 seats (part of multi-pad arena and sport complex) Location: suburban Date opened: 1998 Cost: $22.0 million Lead tenant: Mississauga Steelheads (OHL) RMWB – Sports and Entertainment Centres

  21. Sports and Entertainment Centre – Images Sleeman Centre, Guelph ON Size: 4,800 seats (built into a former Eatons department store-anchored downtown mall) Location: downtown Date opened: 1998 Cost: $21.5 million Lead tenant: Guelph Storm (OHL) RMWB – Sports and Entertainment Centres

  22. Sports and Entertainment Centre – Images Budweiser Gardens, London ON Size: 9,100 seats Location: downtown Date opened: 2002 Cost: $47.0 million Lead tenant: London Knights (OHL) RMWB – Sports and Entertainment Centres

  23. Sports and Entertainment Centre – Images Essar Centre, Sault Ste. Marie ON Size: 4,800 seats Location: downtown Date opened: 2005 Cost: $25.0 million Lead tenant: Soo Greyhounds (OHL) RMWB – Sports and Entertainment Centres

  24. Sports and Entertainment Centre – Images GM Centre, Oshawa ON Size: 5,400 seats Location: downtown Date opened: 2005 Cost: $45.0 million Lead tenant: Oshawa Generals (OHL) RMWB – Sports and Entertainment Centres

  25. Sports and Entertainment Centre – Images Rogers K-ROCK Centre, Kingston ON Size: 5,200 seats Location: downtown Date opened: 2005 Cost: $46.5 million Lead tenant: Kingston Frontenacs (OHL) RMWB – Sports and Entertainment Centres

  26. Sports and Entertainment Centre – Images WFCU Centre, Windsor ON Size: 6,500 seats (part of multi-pad recreation complex) Location: suburban Date opened: 2008 Cost: $71.7 million Lead tenant: Windsor Spitfires (OHL) RMWB – Sports and Entertainment Centres

  27. Sports and Entertainment Centre – Images Meridian Centre, St. Catharines ON Size: 5,000 seats Location: downtown Date opened: 2014 Cost: $45.0 million Lead tenant: Niagara Ice Dogs (OHL) RMWB – Sports and Entertainment Centres

  28. Sports and Entertainment Centre – Images Proposed new Event Centre, Thunder Bay ON Size: 5,700 seats (proposed to be developed along side a 50,000 square foot of conference centre) Location: downtown Date opened: 2017 Cost: $106.1 million Lead tenant: t.b.d. RMWB – Sports and Entertainment Centres

  29. Sports and Entertainment Centre – Uses Hockey RMWB – Sports and Entertainment Centres

  30. Sports and Entertainment Centre – Uses Other Sports RMWB – Sports and Entertainment Centres

  31. Sports and Entertainment Centre – Uses Concerts RMWB – Sports and Entertainment Centres

  32. Sports and Entertainment Centre – Uses Family Shows RMWB – Sports and Entertainment Centres

  33. Sports and Entertainment Centre – Uses Other Entertainment RMWB – Sports and Entertainment Centres

  34. Sports and Entertainment Centre – Uses Community Events RMWB – Sports and Entertainment Centres

  35. Sports and Entertainment Centres – Financing • Project financing of sports and entertainments generally includes a combination of: • municipal financing (including an up-front capital contribution and / or municipal debenture) • federal / provincial government support (grants) • community fundraising • private equity (in the case of P3 arrangements) • Once open, operational responsibility can take the form of: • the municipality assumes all operating and financial risk • the municipality transfers a portion of operating risk to a third party management company, but still retains all financial risk • the municipality annually contributes a fixed amount to the building, with a private partner taking on any additional financial risk RMWB – Sports and Entertainment Centres

  36. Sports and Entertainment Centres – Financing • Examples: • Kelowna • City contributed $6.0 million up front and guaranteed $11.0 million in project debt • City makes fixed annual payment to private partner in return for 1,500 hours of community access per year • Private partner operates facilities with no additional obligation to municipality • Kingston • Project financed through a combination of municipal reserves, debentures, provincial grant, community fundraising and donations from local businesses • Facility operations contracted to third party operator, who has put their management fee “at risk” (i.e., if the facility does not generate the level of net operating income projected, the operator does not earn its base management fee; if net operating profits are exceeded, the operator is entitled to retain a percentage of those excess proceeds RMWB – Sports and Entertainment Centres

  37. Sports and Entertainment Centres – Financing • Examples: • London • City contributed $32.5 million up front and guaranteed $7.0 million in project debt • Private partner contributed $2.5 million and is obligated to repay project debt • Private partner operates facilities with no obligation to municipality • Brampton • City contributed $7.0 million up front and guaranteed $15.5 million in project debt • Private partner contributed $2.0 million • Private partner operates facilities and repays debt from net operating income • City covers first $0.5 million of any operating loss (after debt service), private partner covers next $0.25 million of any operating loss. City and private partner equally share any additional operating loss over $0.75 million RMWB – Sports and Entertainment Centres

  38. Sports and Entertainment Centres – Benefits • Impetus to construct new Sports and Entertainment Centres has generally arisen from three factors: • need to replace an aged “arena” facility • desire to achieve broader economic development goals • desire to enhance quality of life factors • Broader economic development goals include: • sports and entertainment event hosting (and attracting events that would not previously have considered coming to the community because of its lack of a suitable venue) • visitor attraction and increased spending by visitors attending events held at the facility; and • incremental investment and economic development impacts resulting the siting of the facility and its ability to (a) support complementary developments in its environs and (b) support new investment by broadening the range of amenities available within the community RMWB – Sports and Entertainment Centres

  39. Sports and Entertainment Centres – Benefits • Positive benefits which have resulted from new Sports and Entertainment Centres constructed since the mid 1990’s include: • In Prince George BC, the CN Centre has had an “enormous beneficial impact on the community”, with positive benefits resulting from “the flood of visitors that come to town for events”. • Kelowna BC similarly has realized significant benefits – when the facility was completed, Prospera Place was “on the outskirts of the downtown core” and “since its completion, other businesses and city buildings have popped to make the downtown something to behold”…”this venue helped a thriving cultural district develop in the surrounding area”. • In Oshawa ON, the GM Centre is credited for producing economic spin-offs in the downtown core, attracting non-residents to the city, and for driving the “night time economy”. Moreover, with the opening of the GM Centre, the downtown commercial vacancy rate decreased from 21% in 2006 to approximately 11% by early 2011; in addition 83% of all building permits, by value, issued in downtown Oshawa between 1994 and 2011 where issued after the GM Centre opened (roughly $540 million). RMWB – Sports and Entertainment Centres

  40. Sports and Entertainment Centres – Benefits • In Guelph ON, the City made a number of investments in its downtown “cultural infrastructure” (including the Sleeman Centre, River Run Theatre and Market Square development), projects which have proven to draw people to the district, generate higher property values, support enhanced retail economies and provide associated returns from an enhanced tax base. • In the case of Kamloops and Victoria, their Event Centres have been noted to contribute financially to downtown businesses, providing an enhanced vitality of surrounding businesses, including restaurants, bars, specialty retail shops and have contributed to the liveability of their respective downtown cores. RMWB – Sports and Entertainment Centres

  41. Sports and Entertainment Centre – Benefits to RMWB • In addition to the above identified social, development and economic development benefits, a number of direct and indirect economic benefits can arise within Fort McMurray and across the Regional Municipality of Wood Buffalo as a result of the construction and on-going operation of the Sports and Entertainment Centre. • The quantitative economic benefits include: • Spending Impacts: the impact resulting from the purchase of goods and services • Employment Impacts: the increase in employment resulting the purchase of goods and services • Income Impacts: the increase in personal income resulting from increases in employment • Tax Impacts: the amount of personal income and sales taxes (including HST, where such amounts are able to be estimated) and property tax which various levels of government could reasonably expect to receive as a result of a project’s development and operation RMWB – Sports and Entertainment Centres

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