Editorial Cartoonist from South Dakota
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December 14th, 2013 | Cartoon, Cartoonists, Event Center
From the AL:
The Stampede’s current contract dates back to 2007. The hockey club pays rent of about $3,200 for each home game. The club will pay a bit more under the new agreement — about $4,000.
The hockey club sets the ticket prices and gets revenue from sales as well as from selling sponsorships and advertising on the ice. The Stampede also gets a portion of concession sales, according to the current contract. The Arena staffs the games with ticket takers and ushers.
So, let me get this straight…..
The Stampede move from a 60 year old Arena with a rink which is NOT regulation size and has poor sight lines to a brand new 183 million dollar Events Center and all it costs them is an additional $800 per game.
All other terms remain the same (dating back to a contract which was negotiated in 2007).
That’s some great negotiating on the part of SMG and the City (taxpayers) and will make a real dent in those annual operating expenses!!!!!!!!!!!!!!!!!!!!!!!!!!
Did you notice the big crane at the cathedral the other day? It must have been adjusting MMM’s ego.
Oh, Oh! They’re not running government like a business!!
It’s interesting to see what’s been happening with Arena tenants and future EC tenants. The Skyforce smartly downsized to the Pentagon. Their days of drawing thousands and thousands are long gone, so they may be the best run local sporting franchise. The Stampede made the move to the new EC at a slightly higher rent, but that’s just a lateral move. They weren’t going anywhere. The Arena was fine for them, and moving to a shinier building isn’t going to draw more fans. Same with the semi-pro football team. The NCAA tenants primarily went with the Pentagon because it was the smart spot for them. Unless SDSU is involved, there is never a need for more than a couple of thousand seats. As I’ve said for years, why are we building the EC?
As I’ve said for years, why are we building the EC?
Quite honestly, the city is damn lucky to have signed the Stampede as their one and only tenant right now. It was very common knowledge that the Stampede wasn’t interested in paying much more to move. Nicer venue – yes, nicer sight lines – yes, giving up moolah in the wallet – no way. This definitely worked out better for the Stampede and their fans than it did for the city and I think this will be the first of many “grab your ankles” experiences by the city with this facility. They need to fill the building to make it look like this was a good idea in a shitty part of town when in fact, they will lose their (and our) arses on this deal. By the way, how’s that economic development going out there? Why kind of deal are they going to have to give one of our developers to, once again, make it look like there are things happening out there?
Karma, we are going to build a hotel at the golf course, the ‘WE’ means the taxpayers.
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