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Save-On-Foods Memorial Centre (SOFMC)


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#201 spanky123

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Posted 06 January 2016 - 08:45 PM

So the signs have been broken for 3 months now. They expect Victoria to pay to have them fixed like they want us to replace the floor in the arena



#202 sdwright.vic

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Posted 06 January 2016 - 08:49 PM

Guess we are not going to have an arena for long since we have no money to repair $£!+.
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#203 AllseeingEye

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Posted 06 January 2016 - 09:14 PM

So the signs have been broken for 3 months now. They expect Victoria to pay to have them fixed like they want us to replace the floor in the arena

Huh? There is a problem with the floor...really? Concrete issues?



#204 spanky123

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Posted 07 January 2016 - 05:51 AM

Huh? There is a problem with the floor...really? Concrete issues?

 

RG is asking the City to pay $200K to replace the floating floor that they use for special events.



#205 Mike K.

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Posted 07 January 2016 - 06:49 AM

How about we get the monies we are owed by the other municipalities first.

When did the floor request arise?
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#206 spanky123

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Posted 07 January 2016 - 07:35 AM

How about we get the monies we are owed by the other municipalities first.

When did the floor request arise?

 

http://www.timescolo...-list-1.2144108

 

Actually $235,000. I thought that RG was on the hook for maintenance of the facilities but obviously not. Seems like the taxpayer purchases it, maintains it and then RG keeps the revenue.



#207 Nparker

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Posted 07 January 2016 - 08:51 AM

Seems like the taxpayer purchases it, maintains it and then RG keeps the revenue.

The perfect Public-Private partnership!



#208 LJ

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Posted 07 January 2016 - 08:22 PM

Mike K., on 07 Jan 2016 - 07:49 AM, said:

How about we get the monies we are owed by the other municipalities first.

 

What monies are these?


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#209 sebberry

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Posted 07 January 2016 - 08:24 PM

What monies are these?

 


According to Victoria records, Saanich ended up paying $452,666 of the $1.8 million pledged. (Saanich paid a partial amount of $101,666 for 2005 and the full amount of $122,000 in 2006 and 2007. In 2008, Saanich reduced the grant by $15,000, as it gave a grant to the Greater Victoria Curling Facility Project. In 2009, it stopped paying.)

 

Esquimalt, which originally promised to contribute if the project went ahead, never made good. After initially endorsing the idea, Esquimalt later rescinded its resolution in favour of one calling on Victoria to make a formal grant application if it wanted the money. No formal grant request was ever received.

 

 

http://www.timescolo...arena-1.1827910


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#210 nagel

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Posted 07 January 2016 - 08:29 PM

Ha. Owed / pledged.

#211 spanky123

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Posted 08 January 2016 - 08:15 AM

If you recall, RG properties didn't originally pay the amounts owing under the operating lease which they agreed to purchase. They asked for and received a deferment from the City. Whether those monies were ever paid is an open question as well.

 

We have an arena, a hockey team and 15-20 events that occur over the course of a year and have paid very well for that. I didn't think that anyone would claim that this has been a model of a P3 success though.



#212 jonny

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Posted 08 January 2016 - 08:30 AM

Well, at least RG runs the property and not the city. Could you imagine if the arena was city run like RAP, Crystal Pool and our theatres?

 

Stadiums rarely make money, but I'd argue the arena has been one of the City of Victoria's few great accomplishments since 2005.


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#213 Greg

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Posted 08 January 2016 - 08:35 AM

Well, at least RG runs the property and not the city.

 

You could get a lot of tents in there.


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#214 jonny

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Posted 08 January 2016 - 08:36 AM

You could get a lot of tents in there.

 

I wouldn't put it past Helps, so thank goodness they have contractual obligations with RG and the Royals.


Edited by jonny, 08 January 2016 - 08:36 AM.


#215 Daveyboy

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Posted 08 January 2016 - 09:11 AM

What monies are these?

 According to my considerable math skills at 9 in the morning, the COV is still owed $1.55 million of the $2.25 million promised by the other municipalities.  Only Oak Bay paid off its promised amount with Saanich, View Royal, and Esquimalt defaulting on their remaining promised payments.  I'm going to try this with my property taxes this year and see how well that will be accepted.


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#216 VicHockeyFan

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Posted 14 May 2017 - 08:25 PM

Stars on Ice May 16th

Bob Dylan July 27th

 

That's all that's scheduled for the arena as of today.  That's pretty slim pickin's.


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#217 spanky123

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Posted 15 May 2017 - 06:55 AM

^ The < 40 demographic doesn't have any disposable income because they are spending it all on their mortgage or rent. The > 65 demographic is living on a fixed income of 2% investment returns. That leaves a fairly limited selection of concert goers and you can only have the same middle aged acts play so often.



#218 Mike K.

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Posted 15 May 2017 - 07:14 AM

U2 sure drew a lot of Victorians this weekend.


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#219 lanforod

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Posted 15 May 2017 - 07:22 AM

^ The < 40 demographic doesn't have any disposable income because they are spending it all on their mortgage or rent. The > 65 demographic is living on a fixed income of 2% investment returns. That leaves a fairly limited selection of concert goers and you can only have the same middle aged acts play so often.

 

That's way too much of a generalization, and you know it. There are a lot of people in those age groups those statements do not apply to, I suspect maybe half of those folks have that situation. 

 

As to why there aren't many shows? Lack of a quality venue, perhaps? Many good shows could sell 10k+ tickets here, and headliners want big numbers as it translates to more profit, but there isn't any building here that can fit that.



#220 spanky123

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Posted 15 May 2017 - 07:52 AM

^ There have been a handful of shows that have sold out 7K plus seats at SOFMC or that have run for 2 dates but not nearly enough to warrant a larger venue. 


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