TOBoy
Active Member
Sorry I'm a bit out of the loop. But what is the locationb of the intended downtown Markham? Is it at Warden and Hwy 7?
The problem with relying on concerts is that the arena/landlord makes very little of the money. The typical concert model is that the promoter guarantees the act a certain amount of money for the show...so the act has little risk....the promoter negotiates a "rental fee" for the facility so the facility has little risk but not much earnings....the promoter is the one that sets the ticket prices (based on the economics of the show, in part related to the above two things) and the promoter makes the profit on the night.
EDIT: BTW....the ACC is not at "capacity"....I think they book something in the order of 225 - 250 nights.....so there is space there...not a great deal of flexibility (particularly October - April)....but space yes.
You may, indeed, be able to put 200 shows a night into the arena (doubt it would be that high but maybe) but I doubt it would be enough to justify a >$300 million expenditure! If it were so (ie. if the economics of an arena were independant of a sports tenant) don't you think one would have been built in the GTA by now?
Good points! I do agree that this really is a gamble on getting an NHL team on many levels.
I don't think the need for another 20,000-seat arena would have been there 10 years ago, but with the GTA growing by about 100k a year, I think the market is there now. I mean we're basically growing by an Edmonton every decade give or take, and as was mentioned before, we're the largest metro region in North America without two large arenas (if you don't count Copps).
What's the season for the amphitheater and Rexall, four to six months? I would think the demand for space over the cooler part of the year would be high in the 10-20k range.
Also I wonder about hosting Asian pop stars, Bollywood shows, etc? There's a large audience along the 407 corridor.
It's all good, man -- you're raising a lot of strong points.
Live Nation is apparently saying it could bring concerts to the arena 131 nights a year. You had mentioned earlier that the ACC is full 225-250 nights a year. An idea what the maximum an arena could realistically be booked? Presumably you'd have to eliminate some public holidays and allow days for large acts to set up, etc.
Markham council approves massive arena
http://www.thestar.com/news/article/1169089--markham-council-approves-massive-arena?bn=1
I posted a comment on the Casino thread I think you'll like
I honestly don't think they're related in the slightest from the provinces point of view, having an arena doesn't do anything to make the Casino more or less compelling, potentially less in some ways actually.
I'm not saying it won't happen btw! I'm just saying I don't think it gives them a better case. I do think they'll try for it though, why wouldn't they !
So downtown Markham could have a stadium / giant sports facility / and casino / I'd imagine a theater may go hand and hand with the later. Stop mentioning the ciniplex ), they're everwhere, and the VIP format ones aren't great at all, heck there was one near by but they're going to close it.
So downtown Markham could have a stadium / giant sports facility / and casino / I'd imagine a theater may go hand and hand with the later. Stop mentioning the ciniplex ), they're everwhere, and the VIP format ones aren't great at all, heck there was one near by but they're going to close it.
I can see it at the SE corner of the SQ1 property, directly across the street from Absolute. It's a major transit hub already, with LRT going onto Hurontario, the 403 2 lights up, and all other forms of transit close by (GO bus, GO train, Mississauga Transit and the new bus-way running parallel with the 403, going to the airport and into Toronto via Eglinton.