Post by JETStender on Jan 19, 2007 23:09:54 GMT -5
This study was based on the "Toilet Bowl" concept, though can still be applied to the new designs.
www.bluebombers.com/index.php?option=com_content&task=view&id=535&Itemid=30
WINNIPEG, MB – The Winnipeg Blue Bombers Football Club today released the results of the much-anticipated Destination Complex Feasibility Study.
The study was undertaken and cost shared by the Winnipeg Blue Bombers Football Club, the Red River Exhibition Association and Canad Inns. It was conducted by the Meyers Norris Penny LLP and Number TEN Architects.
The feasibility study was completed in February 2006. The three funding partners agreed to hold off releasing the results until now so as not to distract from preparations for the 2006 Grey Cup in Winnipeg.
The purpose of the study was to determine the economic feasibility of building a new state-of-the-art sports stadium with world-class exhibition and trade show space and other amenities.
The study found that “realistically capturable and sustainable gross revenue stream(s) are sufficient to offset the associated operating expenses of a facility with a configuration driven by the functional requirements of those revenue streams.
“Given that there are no individual years after start-up where negative earnings are expected, and given the average earnings as defined are expected to be positive on average by approximately $7.68 million per year, the DC Complex is feasible in the City of Winnipeg.”
The study recommends that the project’s proponents establish a clear go-forward plan to proceed through some “logical decision gates.”
Ken Hildahl, chairman of the Winnipeg Blue Bombers board of directors, said the football club is pleased with the findings of the study.
“This is another viable option for the football club that will be discussed by the board of directors,” Hildahl said. “Besides providing better amenities for the Winnipeg Football Club and its fans, we would also be able to attract other events that right now normally bypass Winnipeg, which means additional revenue streams for the football club.
“The reality is something has to be done in regards to a long-term home for the football club. We play in a substandard facility, especially in a market with venues like the MTS Centre and CanWest Global Park. The current facility is 50 years old and there have not been a lot of significant upgrades to it during that time.”
Hildahl emphasized that some kind of partnership between the football club, the three levels of government and the private sector will be required to make the project work.
The Destination Complex Feasibility Study considered 12 possible locations.
Hildahl said the football club will consider all of the proposed locations before choosing one. It will also consider the feasibility of a major refurbishing of its current home at Canad Inns Stadium.
“At this point we will look at all of our options,” he said. “A big part of this process will be to get input from the public and see what they want.
“It’s not a black and white decision. We’ve got to look at what is affordable for all of the respective partners in this – the football club, the city, the province, the federal government and the corporate sector. At the end of the day that’s what our decision will be based on.”
Paul Robson, CEO of the Red River Exhibition Association, said his organization will continue to be supportive of the project and remains open to the idea of working with partners in the future to continue to develop Red River Exhibition Park.
“If it all comes to pass with our participation, that’s marvelous,” Robson said. “In the meantime, we continue to seek out partners to develop our land in an opportune way that is positive for Manitoba and the City of Winnipeg and is an asset to the community.”
Leo Ledohowski, President and CEO of Canad Inns, said: "We believe the conclusions of this study and Canad Inns’ expertise and experience in public-private partnerships is a winning combination.
“We see an exciting opportunity to be part of a true destination complex with attractions like a hotel and indoor water park.”
The football club will develop a proposal to invite interested parties to submit their ideas and hopes to receive expressions of interests by this spring, according to Hildahl.
Full report here.
www.bluebombers.com/images/PDF/fullreportdccomplex.pdf
www.bluebombers.com/index.php?option=com_content&task=view&id=535&Itemid=30
WINNIPEG, MB – The Winnipeg Blue Bombers Football Club today released the results of the much-anticipated Destination Complex Feasibility Study.
The study was undertaken and cost shared by the Winnipeg Blue Bombers Football Club, the Red River Exhibition Association and Canad Inns. It was conducted by the Meyers Norris Penny LLP and Number TEN Architects.
The feasibility study was completed in February 2006. The three funding partners agreed to hold off releasing the results until now so as not to distract from preparations for the 2006 Grey Cup in Winnipeg.
The purpose of the study was to determine the economic feasibility of building a new state-of-the-art sports stadium with world-class exhibition and trade show space and other amenities.
The study found that “realistically capturable and sustainable gross revenue stream(s) are sufficient to offset the associated operating expenses of a facility with a configuration driven by the functional requirements of those revenue streams.
“Given that there are no individual years after start-up where negative earnings are expected, and given the average earnings as defined are expected to be positive on average by approximately $7.68 million per year, the DC Complex is feasible in the City of Winnipeg.”
The study recommends that the project’s proponents establish a clear go-forward plan to proceed through some “logical decision gates.”
Ken Hildahl, chairman of the Winnipeg Blue Bombers board of directors, said the football club is pleased with the findings of the study.
“This is another viable option for the football club that will be discussed by the board of directors,” Hildahl said. “Besides providing better amenities for the Winnipeg Football Club and its fans, we would also be able to attract other events that right now normally bypass Winnipeg, which means additional revenue streams for the football club.
“The reality is something has to be done in regards to a long-term home for the football club. We play in a substandard facility, especially in a market with venues like the MTS Centre and CanWest Global Park. The current facility is 50 years old and there have not been a lot of significant upgrades to it during that time.”
Hildahl emphasized that some kind of partnership between the football club, the three levels of government and the private sector will be required to make the project work.
The Destination Complex Feasibility Study considered 12 possible locations.
Hildahl said the football club will consider all of the proposed locations before choosing one. It will also consider the feasibility of a major refurbishing of its current home at Canad Inns Stadium.
“At this point we will look at all of our options,” he said. “A big part of this process will be to get input from the public and see what they want.
“It’s not a black and white decision. We’ve got to look at what is affordable for all of the respective partners in this – the football club, the city, the province, the federal government and the corporate sector. At the end of the day that’s what our decision will be based on.”
Paul Robson, CEO of the Red River Exhibition Association, said his organization will continue to be supportive of the project and remains open to the idea of working with partners in the future to continue to develop Red River Exhibition Park.
“If it all comes to pass with our participation, that’s marvelous,” Robson said. “In the meantime, we continue to seek out partners to develop our land in an opportune way that is positive for Manitoba and the City of Winnipeg and is an asset to the community.”
Leo Ledohowski, President and CEO of Canad Inns, said: "We believe the conclusions of this study and Canad Inns’ expertise and experience in public-private partnerships is a winning combination.
“We see an exciting opportunity to be part of a true destination complex with attractions like a hotel and indoor water park.”
The football club will develop a proposal to invite interested parties to submit their ideas and hopes to receive expressions of interests by this spring, according to Hildahl.
Full report here.
www.bluebombers.com/images/PDF/fullreportdccomplex.pdf