The Blue Jackets have said since 2009 that they are losing money, in part because of an unfavorable lease deal with the arena's former owners. We will find a resolution.". Privately financed and developed by Nationwide Insurance Enterprise and the Dispatch Printing Company. The bulk of the arena district, which includes the 23-acre old Pen site will be developed by Nationwide Realty Investors (90 percent) and The Dispatch Printing Co. (10 percent). In May 2009, the Blue Jackets announced that the team had lost about $80 million over the past seven years, mostly because of its lease deal with the arena owners. because of the price increases. EASTBOUND (I - 70) The set up here in Columbus actually goes about 80% of the way around, nonetheless, they use it to the max and it really dresses up the seating bowl. * 200,000 square feet of retail/entertainment development around Arena Square at the corner of Nationwide Boulevard and West Street. Nationwide Realty helped Columbus envision a new approach to land use. On March 30, 2012, arena owners Nationwide Insurance and the Dispatch Publishing Group sold the facility to the Franklin County Convention Facilities Authority (FCCFA). It’s a neighborhood of bars and restaurants and other business, intermixed with residences and anchored by an 18,000-seat arena, all owned and operated by a single developer. Across the street is a parking ramp, emblazoned with a huge "Arena District" marquee, a massive Daktronics video board and a series of changeable ad panels. The venue is named for the arena's original majority owner, Nationwide Mutual Insurance Company, whose world headquarters are located across the street. A very hot ticket. COLUMBUS APPROVES PURCHASE OF NATIONWIDE ARENA August 11, 2011Copyright 2011 MediaVentures. Also is co-owner of an AFL team and operates Nationwide Arena Detroit-- Mike Ilitch, founder of Little Caesar's Pizza. Stop by the Arsenal today to get all of your Vegas Golden Knights gear! An attempt to get Franklin County to buy the arena stalled last summer. Franklin County Administrator Don Brown said he has received a couple of progress reports, but Brown wouldn't comment on what they said. COLUMBUS (COLUMBUS BUSINESS FIRST) — As Nationwide Arena turns 20 this year, officials are trying to stay ahead of maintenance concerns. Columbus supports its teams. The Dispatch said the most-viable option appears to be the Sacramento Kings. The casino is expected to generate roughly $24 million per year for the city and about $16 million per year for Franklin County, money that could be allocated for the Blue Jackets without a public vote. 6000 South High Street. Where you'll find an upscale offering to satisfy every taste. The main street, Nationwide Blvd, has being repaved in brick, and the main entrance to the arena spills out into Arena Square, which serves as a gathering place surrounded by restaurants and entertainment in a "Times Square" type setting. Featured Video. Proceed North on I-71 to the Front St. Exit. "[24], 2019 NCAA Division I Men's Basketball Tournaments, 2012 NCAA Men's Division I Basketball Tournament, 2018 NCAA Division I Women's Basketball Tournament, Ohio State University Buckeyes men's basketball, "2 Arenas in Columbus Boost Redevelopment", "Deal Signed for OSU to Help Manage Nationwide Arena", "OSU to Manage Schott, Nationwide; Ticket Prices Likely to Fall", https://www.hockey-reference.com/boxscores/200010270CBJ.html, "Zetterberg Nets Two as Wings' Dominance Puts Jackets' Season on Brink", "The 2013 NHL All-Star Game and NHL Skills Competition Refund Policy", "2016 Kellogg's Tour of Gymnastics Champions takes center stage beginning Sept. 15", "Capitals even series against Blue Jackets in Game 4", "Blue Jackets statement regarding upcoming game schedule", "The Basketball Tournament releases game schedule for 24-team event at Nationwide Arena", "It's Official! The Blue Jackets, in turn, agreed to remain in the city until 2039 or pay $36 million in damages. 140 reviews of Nationwide Arena "Nationwide Arena is a seriously fun place to watch a hockey game; this is sporting arena (and hockey marketing) done right. [6] The contract called for the university to take over both day to day arena operations as well as booking non-athletic events, with the Blue Jackets booking athletic events and maintaining overall control of the arena. August 6, 2009Copyright 2009 MediaVentures. of cigarettes. SOUTHBOUND (I - 71) purchase the arena, which would still be named Nationwide Arena, but the company would pay for I hope to continue to engage you and your office about bringing an NBA team to Columbus, and I look forward to our continued dialogue.". The Chamber's plan calls for the state, which is projected to get nearly $30 million a year in If more money than expected comes in, the loan would be paid off faster. In 2003, Nationwide argued before the Franklin County Board of Revision in a property-tax case rrouan@dispatch.com @RickRouan * Architects: Heinlein + Schrock, Inc., Kansas City, Mo. With a great arena to play in, and great fans to back them up, the Blue Jackets should look forward to many years of NHL hockey right here in Columbus, OH. The deal is expected to save the struggling Blue Jackets $9.5 million per year through a rent-free lease with the authority. That's as far as I can go right now, but it's high on my agenda to deal with it. By relieving the hockey team from some of the operational costs of running the arena, it can focus on finding a long-term solution to its annual $12 million deficit, Riggs said. It was a prime way to win taxpayers over to the new public ownership agreement. As part of the sale, Nationwide agreed to lend the FCCFA $43.3 million to finance the arena's purchase which will be paid back by 2039 with casino tax revenue collected by both the City of Columbus and Franklin County. The arena situation is kind of chaotic at this point: - Toronto (Blueshirts or Arenas, then St. Pat's, then Maple Leafs) played in their old National Hockey Association rink, Arena Gardens/Mutual Street Arena. The Dispatch Printing Company holds a 10 percent stake. "It simply made sense for us to get involved since we manage a similar 20,000-seat arena. Blue Jackets President Mike Priest told the newspaper the team reached its goals of cutting operational costs and increasing attendance at events at Nationwide Arena, but he wouldn't provide financial details. Under the deal, each would pledge a quarter of its casino revenue to retire the debt and operate the arena starting in 2013. The vote authorized Mayor Michael B. Coleman to pledge a growing share of the city's casino * Arena Park is a grass mallway 870 feet long and 280 feet wide at its widest part. With Crew Stadium coming next year and a few hundred residential units being built around it in the coming years, along with Huntington Park, Nationwide Arena, and Express Live / A&R, I think there is a ton of demand for bars and restaurants in that area. Team officials had discussed the possibility of moving the team. Premium Seats The red brick arena exterior will allow the structure to blend with the existing turn-of-the-century architecture of its neighbors. The one-year extension makes Ohio State the manager of both arenas through July 1, 2012. taxing districts. Columbus, Ohio - Ohio State University has extended its contract to manage Nationwide The city and county payments for the mortgage, maintenance and operations are to begin on Jan. 1. Refunds may take up to 30 days. Seating capacity is approximately 18,500[8] for hockey, 17,171 for arena football, 19,500 for basketball, and up to 21,000 for concerts. Projections say Columbus and Franklin County each would receive $16 million in casino taxes, and the city could collect another $8 million if it is the "host city" to the casino project. * An asymmetrical bowl, with telescopic upper deck seating in the west end, which will allow for a variety of reconfigurations for concerts and other performances. ESPN The Magazine declared it “the No. In addition to the Convention Center, Hilton Columbus Downtown Hotel and Nationwide Arena, the FCCFA … The team could shed its $5 million rental fee and about $4 million in losses from operating the arena. In November, the Columbus Chamber released a study that said the Blue Jackets might leave the city unless a financial fix is found to overcome an estimated $12 million-a-year shortfall. Currently, the Blue Jackets rent Nationwide Arena from the Nationwide insurance company and other owners for $5 million a year. The question of whether Penn can build in Franklin Township is part of two lawsuits involving the casino. Port Columbus International Airport (CMH). The arena is a catalyst. The school already owns and operates the Schottenstein Center which it manages with its own staff. had free rent and arena-naming rights, the hockey operations would basically be breaking even, We continue to Throughout the entire riverfront corridor. German Village. District's three- and four-story brick buildings. The November study, prepared for the chamber by retired Ohio State University finance professor Stephen A. Buser, outlined alternatives for subsidizing the team, including asking the state for capital-improvement money, issuing tax-exempt bonds or asking for federal stimulus money. The Arena District is almost entirely developed, but Nationwide still owns a large undeveloped plot of land on the western edge that would work for a new Crew stadium. * Elegant design featuring terrazzo floors command the highest rental rates in the city.". At that time, Ohio law required 100 people to pledge to become policyholders. Nationwide Arena is a multipurpose arena in Columbus, Ohio, United States. Construction Managers: Turner/Barton Malow Sports, Miles-McClellan Construction Co. The hockey team would agree to remain in Columbus through 2039. Read more. operational losses. The Arena District was unique in the sporting world when it started taking shape in the late 1990s. Arsenal Item of the Week. [7] This arrangement made Nationwide Arena a sister venue to OSU's on-campus arena, Value City Arena. The arena is jointly owned by the Franklin County Convention and the Facilities Authority. In the past year, the total revenue for the Schottenstein Center dropped $851,784. Football has been gone from Nationwide Arena for a decade, but it’s coming back. April 5, 2012Copyright 2012 MediaVentures. Two of the three county commissioners say they won't support any plan Planners envision special lighting, video boards and large signs to create a mini Times Square on the Scioto atmosphere. Coleman has ruled out using city income taxes from its general fund to purchase the arena, but he has been open to other options. Columbus, Ohio - The Franklin County Convention Facilities Authority closed on its for the past two seasons. * Premium Seating: 3,200 premium seats available (including Club, Suite, Tower, Skybox, and Center Ice configurations). Cleveland Cavaliers owner Dan Gilbert said he would "have to think about" whether the Cavs would stand in the way of a franchise so close to home. Along with Miranova and COSI, Nationwide ArenaSM will anchor the development that transforms the Scioto River Peninsula into downtown's most dynamic setting. November 5, 2009Copyright 2009 MediaVentures. Most of the net income is put into a reserve fund, which currently has about $7 million, to pay for major capital expenses. [6] As part of the 2012 sale of Nationwide Arena, the Blue Jackets and OSU joined with Nationwide Insurance and the FCCFA to form Columbus Arena Management (CAM). ... who owns the R-Bar along with his wife, Natalie. Currently, the Blue Jackets rent Nationwide Arena from the Nationwide insurance company and other owners for $5 million a year. CASINO MONEY PROPOSED TO AID BLUEJACKETS The privately financed Arena and Arena District will include several features including: * Nationwide Boulevard will be repaved in brick. partnership stepped up to build Nationwide Arena. Nationwide Arena: Home to the NHL Columbus Blue Jackets About an arena-Schottenstein Center partnership, he said: "They're great facilities. "And we play basketball and hockey in there now.". OOPS! May 6, 2010Copyright 2010 MediaVentures. This facility made Nationwide Arena the first NHL arena with an on-site practice facility and, as of 2019, one of only four such facilities in the NHL, along with KeyBank Center in Buffalo, New York, Prudential Center in Newark, New Jersey and Little Caesars Arena in Detroit, Michigan. Columbus, Ohio - Mayor Michael B. Coleman has told the NBA that Columbus wants a Webster Bank Arena at Harbor Yard. Practice Rink The titles will come, the championships will come, and someday this team will bid farewell to its icons and retire their numbers.. Until then, LEAVE THE RAFTERS EMPTY. Crossing 's Columbus apartments in the past year, the Franklin County became arena... Ohio Penitentiary, which will also be open for public skating Council using. That could decide how it wants a team may 10, 2012Copyright 2012 MediaVentures up seats! Does n't allow an election Authority would purchase the arena District, providing urban homes in a case could... 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