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Author Topic: Cincinnati: Downtown: US Bank Arena  (Read 15145 times)

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Online Quimbob

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Re: Cincinnati: Downtown: New Arena
« Reply #245 on: April 07, 2014, 06:37:08 PM »
I'm going to guess they wanted it separated because of all the people who would congregate around the arena & stadium before & after shows.
Every normal man must be tempted, at times, to spit upon his hands, hoist the black flag, and begin slitting throats. - H. L. Mencken

Offline moonloop

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Re: Cincinnati: Downtown: New Arena
« Reply #246 on: April 07, 2014, 10:03:54 PM »
Just read today that TD Garden in Boston is getting a $70M makeover. That arena is only 20 years old. Seats 20K

Offline Cincy1

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Re: Cincinnati: Downtown: New Arena
« Reply #247 on: April 07, 2014, 10:32:24 PM »
I am confident a new arena would rectify any issue with acts bypassing Cincy.  Honestly there are not that many of these shows and I am not concerned with the next time Katy Perry plays, but it would be nice to be a stop on everyone's tour.  There was an article that I am trying to find that discussed this very topic, and Cincinnati actually had the most concerts of any regional city (with all venues considered), but there were some large acts that did go to the newer arenas.  One thing to consider is that Riverbend is one of the most successful outdoor venues that gets the biggest shows of the summer each year (e.g. Radiohead) so I would think this would translate to an indoor venue.

US Bank arena is serviceable but definitely not on the same level as the newer arenas.
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Online jmecklenborg

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Re: Cincinnati: Downtown: New Arena
« Reply #248 on: April 07, 2014, 10:51:46 PM »
Again, the arena we have was built by and is still owned by a private company.  And as I mentioned several months ago, we have a B-quality arena, meaning public financing of a new A-quality arena would mean $300-odd million dollars for an incremental improvement.  We wouldn't be going from no downtown arena to an A-class downtown arena.  We'd be throwing big money down to get a few more concerts each year, since the NBA and NHL are unlikely to relocate here for a variety of reasons. 

So a horrible ROI.  But this thread continues as if a new arena is on the horizon.  It's as pointless as speculating about a 100-floor office tower going up here.  It's just plain not going to happen nor should it. 

Offline Cleburger

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Re: Cincinnati: Downtown: New Arena
« Reply #249 on: April 07, 2014, 11:23:48 PM »
Just read today that TD Garden in Boston is getting a $70M makeover. That arena is only 20 years old. Seats 20K

It needed a makeover the day after it opened.   They built it with the spirit of the old Garden in mind, and kept way too much of it!

Offline Brutus_buckeye

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Re: Cincinnati: Downtown: New Arena
« Reply #250 on: April 07, 2014, 11:25:51 PM »
The question is what does a new arena bring to the table. NCAA tourney and Sweet 16 rounds, Hockey Final 4, a few extra concerts. Jake is right, is it worth 300-400 million for this? KC did that recently, but they did not build 2 new stadiums in the last decade. Maybe in 2025 it may be worth the capital investment.

Unless we are going to really push for an NBA or NHL team it is not worth it. I don't think there is the desire to push for either. I know KC built their arena in hopes of getting the NBA back and that has not happened yet and does not look like it will.

I do not see UC Basketball as the same draw as Louisville ball because, Cincy is a major league city and U of L is the only thing happening in Louisville. There is more diversity in Cincy to spread the dollars around. Therefore, even UC would not be a large enough tenant to support a 300-400 million upgrade of the arena. There needs to be an NHL or NBA team for that.

To be honest, NHL is attainable. Columbus may not like it but there are enough marginal NHL teams out there that would jump at a package to go to a better revenue market or better arena lease. If there was enough support for that it could be a possibility.

Offline Cleburger

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Re: Cincinnati: Downtown: New Arena
« Reply #251 on: April 07, 2014, 11:36:11 PM »
Just wanted to give the concert fans here a quick comparison using Pollstar.com.  While not scientific (as in some shows may have yet to be announced), I looked at Cincinnati, vs Columbus (both arenas), vs Cleveland. 

Currently on the books for 2014:

Cincinnati:  US Bank Arena 5 shows
Tue 04/08/14      Bruce Springsteen & The E Street Band   
Fri 05/09/14      Mike Epps   
Fri 06/27/14      Bruno Mars   
Sun 08/03/14      "Jesus Christ Superstar Arena Spectacular"   
Wed 08/27/14      Austin Mahone

Columbus: Schottenstein Center  4 shows
Sun 04/13/14      Miley Cyrus   
Fri 04/18/14      Cirque du Soleil - "Michael Jackson: The Immortal"   
Sat 04/19/14      Cirque du Soleil - "Michael Jackson: The Immortal"    
Tue 04/29/14      Arcade Fire   
Fri 05/02/14      Casting Crown

Columbus:  Nationwide Arena  4 shows
Tue 04/15/14      Bruce Springsteen & The E Street Band   
Wed 04/30/14      Cher   
Wed 08/13/14      Katy Perry   
Sun 10/19/14      Fleetwood Mac   

Cleveland:  Quicken Loans Arena  6 shows
Fri 05/02/14      Cher   
Sun 05/18/14      Lady Gaga   
Sat 06/28/14      Bruno Mars   
Wed 07/09/14      "Walking With Dinosaurs"   
Sun 08/10/14      "Jesus Christ Superstar Arena Spectacular"   
Thu 08/14/14      Katy Perry   

As you can see, Cincinnati's little ole US Bank Arena is holding it's own.   Of course if you invested $300 million in public dollars, you'd have that honeymoon year where they pay the Eagles to come play, and maybe a Billy Joel/Elton--marquis dates.   But after that it settles down into the doldrums of concert market routing.  What markets have we played, which ones do we need to play, and which ones can afford them.

       





Online jmecklenborg

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Re: Cincinnati: Downtown: New Arena
« Reply #252 on: April 08, 2014, 12:01:50 AM »
The Fleet Center in Boston is not an attractive building, but who cares?  It wasn't built with much or any public funding, it's home to two big-time tenants, and is easily reached by Boston's extensive public transportation. 

Again, how does someone argue that we should throw all this public money to get basically nothing in return?  Please, someone please lock this thread.  It's a waste of everybody's time. 

Online cin614

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Re: Cincinnati: Downtown: New Arena
« Reply #253 on: April 08, 2014, 01:02:36 AM »
Let's be real. Cincinnati can't afford to build a new arena. Maybe remodel US Bank in the years to come

Offline Brutus_buckeye

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Re: Cincinnati: Downtown: New Arena
« Reply #254 on: April 08, 2014, 09:22:01 AM »
As you can see, Cincinnati's little ole US Bank Arena is holding it's own.   Of course if you invested $300 million in public dollars, you'd have that honeymoon year where they pay the Eagles to come play, and maybe a Billy Joel/Elton--marquis dates.   But after that it settles down into the doldrums of concert market routing.  What markets have we played, which ones do we need to play, and which ones can afford them.


Good point, also, don't forget the huge acts do stadium tours and Cincinnati has been competing well for those in recent years.

bottom line, the ROI for concerts alone is not there. Need to have a pro team with 40 home dates a year to make it.

Offline jdm00

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Re: Cincinnati: Downtown: New Arena
« Reply #255 on: April 08, 2014, 10:30:01 AM »
Just wanted to give the concert fans here a quick comparison using Pollstar.com.  While not scientific (as in some shows may have yet to be announced), I looked at Cincinnati, vs Columbus (both arenas), vs Cleveland. 

Currently on the books for 2014:

Cincinnati:  US Bank Arena 5 shows
Tue 04/08/14      Bruce Springsteen & The E Street Band   
Fri 05/09/14      Mike Epps   
Fri 06/27/14      Bruno Mars   
Sun 08/03/14      "Jesus Christ Superstar Arena Spectacular"   
Wed 08/27/14      Austin Mahone

Columbus: Schottenstein Center  4 shows
Sun 04/13/14      Miley Cyrus   
Fri 04/18/14      Cirque du Soleil - "Michael Jackson: The Immortal"   
Sat 04/19/14      Cirque du Soleil - "Michael Jackson: The Immortal"    
Tue 04/29/14      Arcade Fire   
Fri 05/02/14      Casting Crown

Columbus:  Nationwide Arena  4 shows
Tue 04/15/14      Bruce Springsteen & The E Street Band   
Wed 04/30/14      Cher   
Wed 08/13/14      Katy Perry   
Sun 10/19/14      Fleetwood Mac   

Cleveland:  Quicken Loans Arena  6 shows
Fri 05/02/14      Cher   
Sun 05/18/14      Lady Gaga   
Sat 06/28/14      Bruno Mars   
Wed 07/09/14      "Walking With Dinosaurs"   
Sun 08/10/14      "Jesus Christ Superstar Arena Spectacular"   
Thu 08/14/14      Katy Perry   

As you can see, Cincinnati's little ole US Bank Arena is holding it's own.   Of course if you invested $300 million in public dollars, you'd have that honeymoon year where they pay the Eagles to come play, and maybe a Billy Joel/Elton--marquis dates.   But after that it settles down into the doldrums of concert market routing.  What markets have we played, which ones do we need to play, and which ones can afford them.

       






The Eagles played US Bank last month, and have played it in the past. 

Online Quimbob

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Re: Cincinnati: Downtown: New Arena
« Reply #256 on: April 08, 2014, 10:37:41 AM »
Fleetwood Mac?
Every normal man must be tempted, at times, to spit upon his hands, hoist the black flag, and begin slitting throats. - H. L. Mencken

Offline JohnClevesSymmes

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Re: Cincinnati: Downtown: New Arena
« Reply #257 on: April 08, 2014, 03:42:09 PM »
U.S. Bank Arena to undergo major renovations

CINCINNATI, OH (FOX19) -
FOX19 has confirmed that there will be a $650,000 upgrade to U.S. Bank Arena that will make room for larger stages and 1,300 additional seats added in the coming months.

http://www.fox19.com/story/25189494/us-bank-arena-to-undergo-major-changes

Offline Brutus_buckeye

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Re: Cincinnati: Downtown: New Arena
« Reply #258 on: April 08, 2014, 04:15:03 PM »
Hallelujah. We are now going to BIG Time. Big time renovations, Big Time arena. WOOT

Offline natininja

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Re: Cincinnati: Downtown: New Arena
« Reply #259 on: April 08, 2014, 06:01:12 PM »
Guys, this thread finally had an impact. We did it!!! :clap:
« Last Edit: April 08, 2014, 06:02:18 PM by natininja »

Offline ColDayMan

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Re: Cincinnati: Downtown: New Arena
« Reply #260 on: April 08, 2014, 06:51:58 PM »
LOL!!!
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Offline jdm00

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Re: Cincinnati: Downtown: New Arena
« Reply #261 on: April 09, 2014, 11:27:37 AM »
Fleetwood Mac?

Not on the list.  They are doing both Columbus and Indy.  That's another thing--when you have as many accessible places as we have here, you're not going to get everyone logistically anyway.  Springsteen's current tour is a good example (it was a great show last night BTW).  He's coming to Cincinnati, Columbus, and Pittsburgh.  No Indy, no Louisville, no Cleveland, heck no Chicago or Detroit on the current schedule (which runs through May).  I think there's a lot that goes into deciding where to go.  Would we get more shows if we had a nicer arena?  Sure.  But even if the arena was just as nice as whatever is in Louisville or C-Bus, big acts just aren't going to play every single place. 

Offline TheHemroid

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Re: Cincinnati: Downtown: US Bank Arena
« Reply #262 on: April 09, 2014, 11:59:16 AM »
This aught to anger Mick Cronin;)

Offline westsidebomber

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Cincinnati: Downtown: US Bank Arena
« Reply #263 on: April 10, 2014, 11:14:26 AM »
The question is what does a new arena bring to the table. NCAA tourney and Sweet 16 rounds, Hockey Final 4, a few extra concerts. Jake is right, is it worth 300-400 million for this? KC did that recently, but they did not build 2 new stadiums in the last decade. Maybe in 2025 it may be worth the capital investment.

Unless we are going to really push for an NBA or NHL team it is not worth it. I don't think there is the desire to push for either. I know KC built their arena in hopes of getting the NBA back and that has not happened yet and does not look like it will.

I do not see UC Basketball as the same draw as Louisville ball because, Cincy is a major league city and U of L is the only thing happening in Louisville. There is more diversity in Cincy to spread the dollars around. Therefore, even UC would not be a large enough tenant to support a 300-400 million upgrade of the arena. There needs to be an NHL or NBA team for that.

To be honest, NHL is attainable. Columbus may not like it but there are enough marginal NHL teams out there that would jump at a package to go to a better revenue market or better arena lease. If there was enough support for that it could be a possibility.

Side note on the KC references you made. They may not have built new stadiums, but Arrowhead and Kauffman underwent major renovations recently. The city poured $850 million into the complex in 2007-2010 after paying the vast majority of $276 million for the Sprint Center, which was completed in 2007. KC spent over a billion dollars on sports venues in about a five year span.
« Last Edit: April 10, 2014, 11:15:30 AM by westsidebomber »

Offline TheHemroid

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Re: Cincinnati: Downtown: US Bank Arena
« Reply #264 on: April 10, 2014, 03:45:30 PM »
Not thinking the arena needs this is the exact reason it never has..."That"

Online CincyIntheKnow

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Re: Cincinnati: Downtown: US Bank Arena
« Reply #265 on: April 18, 2014, 04:06:59 PM »
UCBearcats ‏@UCBearcats 2m
 NEW DETAILS on UC's proposed renovation of 5/3 Arena, coming soon. Would cut to 10,000 seats, no bleachers (via @cliffpeale) #Bearcats