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On campus arena?

Posted: 6/23/2014 10:12 PM

On campus arena? 


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Posted: 6/24/2014 9:33 AM

Re: On campus arena? 


The JMI deal ($210 mil over 15 years, with a $29 mil signing bonus) opens up the real possibility of building an on-campus arena. Hopefully it happens - the $351 mil price tag for renovating Rupp seems a bit steep considering the university should be able to build a state of the art facility on campus from the ground up for less; and more importantly, keep all the revenue it generates.
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Posted: 6/24/2014 2:53 PM

Re: On campus arena? 


I would bet there is about a 10% chance of an on-campus arena.
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Posted: 6/24/2014 4:12 PM

Re: On campus arena? 


^^ Maybe so, but the price tag for the redo at Rupp still seems too high. And no, I'm not a building contractor, but if you look at how much the most expensive on-campus college arena in the country cost, Oregon's Matthew Knight Arena, the total from ground up was around $227 mil in 2011 (est $238 mil today's dollars per Wiki).

So, unless there are other streams of revenue I'm missing (might be) which benefit the university, or overriding political considerations (definitely a possibility), why not cut out the middle man, keep all the profits in-house, and build a new arena on campus?
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Posted: 6/24/2014 9:31 PM

Re: On campus arena? 


The odds are slim but i think they are increasing. Three months ago the odds would have been basically zero and it appeared that the Rupp renovation was a done deal. Then things went sour between the two parties, mainly Pres. Cap and Brent Rice.
For sure this new multimedia deal with JMI opens up some doors that were previously closed. If i think about it strictly from a fan perspective, a brand new on-campus arena is very appealing and could very well be a better financial deal for UK in both construction costs and future revenue possibilities. The flip side of that is a perspective from someone who lives and works in lexington and realizes that lexington, and downtown specifically, desperately need to work out a deal with UK to renovate Rupp and the Civic center together. This is critical for future development opportunities and tourism downtown.
Lexington needs UK more than UK needs Lexington in this deal but it will be mutually beneficial if they can find common ground on this and learn to work together.
I just hope some bridges that were burned are not beyond repair.
I BLEED BLUE

Last edited 6/24/2014 9:32 PM by Kingrexchapman3

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Posted: 6/24/2014 9:37 PM

Re: On campus arena? 


I agree, the renovation cost seemed rather high.  Does anyone remember what the Yum place in Louisville cost was?

The economics of an on campus arena vs Rupp as is or renovated would include all maintenance and operational costs.  The operational costs might be higher than one would expect but I doubt it.
Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves. -Ronald Reagan
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Posted: 6/25/2014 7:01 AM

Re: On campus arena? 


I don't think there is enough undeveloped land on campus anywhere north of Alumni Drive for a new arena. Unless it involved tearing down existing structures, a project of that size probably would have to be someplace over by Greg Page on the south side of Alumni.

According to Google, Yum was $238 million.

Last edited 6/25/2014 7:02 AM by floridacat

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Posted: 6/25/2014 7:25 AM

Re: On campus arena? 


Dome Commonwealth.
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Posted: 6/25/2014 11:56 AM

Re: On campus arena? 


I guess I don't understand the attraction of an on-campus arena, especially in a city like Lexington where the campus is basically downtown anyway.
The sleeping giant is awakening.  

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Posted: 6/25/2014 1:02 PM

Re: On campus arena? 



ransmith wrote: I agree, the renovation cost seemed rather high.  Does anyone remember what the Yum place in Louisville cost was?

The economics of an on campus arena vs Rupp as is or renovated would include all maintenance and operational costs.  The operational costs might be higher than one would expect but I doubt it.
I'm told that second part is the big catch. UK right now has a good place to play with a reasonable lease agreeement and no operational/maintenance costs. They'd have to hire a slew of people just to run an on-campus arena.
-----
Jeff Drummond
Publisher, AllWildcats.com
FOX Sports Next

JDrumUK@gmail.com
Twitter: JDrumUK



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Posted: 6/25/2014 2:17 PM

Re: On campus arena? 


I am hearing that UK wants a new arena. They prefer downtown, but want a new arena and not a revamped Rupp. Anyone else getting that news?
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Posted: 6/25/2014 2:46 PM

Re: On campus arena? 


News to me. I do think UK would rather play downtown than on campus. New arena would be cheaper for everyone. The cost of renovating Rupp is extremely high.
Patrick Loney
AllWildcats.com Football Recruiting Writer
@PatrickLoney
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Posted: 6/25/2014 3:09 PM

Re: On campus arena? 



CatFansince73 wrote: I guess I don't understand the attraction of an on-campus arena, especially in a city like Lexington where the campus is basically downtown anyway.

I agree.  If they build an on-campus arena, the city would still want their downtown place, and 2 separate venues makes absolutely no sense in a city like Lexington.

Rupp is only blocks from much of the student housing.  Plus, the "off-campus" living is really growing to the west of campus.  I used to walk to games all the time from Holmes Hall.

The south end campus residents are farther away, but it's not like they are struggling to sell tickets.  Building a new arena to hopefully better fill the eRUPPtion zone during preseason games isn't an answer either.
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Posted: 6/28/2014 6:51 PM

Re: On campus arena? 


If you tore down the library there would be room....

PRIORITIES folks....PRIORITIES.
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Posted: 7/3/2014 3:20 AM

Re: On campus arena? 


MKA is a nice place but you need some reality. I don't think UK is going to build a 12,000 seat arena. When you add seats you and dollars. Not a chance UK can build a 22,000 seat arena for under 300 mil even if they own the land. On the other hand UK could build a new arena for not much more than the Rupp renovation.

Just my opinion but while it is true UK could use a lot of that new media rights money to build a pay for an on campus arena they are not going to do it. Why would UK want to earmark all those millions to paying for an arena to play 18 basketball games a year?

I believe UK just did not like the Rupp deal on the table. They did not like the idea of UK fans being asked to pay so much to do the project, probably did not like the details of the project or the lease terms. They are going to get the deal they want before it is done. It would really take a bold move but all involved but maybe they need to look at building a new downtown arena or even tearing RUpp down and building a new place on the same spot.
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Posted: 7/3/2014 3:23 PM

Re: On campus arena? 


I think the athletics department was more than just fine with the renovation of Rupp.  The administration however, especially Dr. Capiluto, was pretty lukewarm from the start.  That'll change soon enough.
The sleeping giant is awakening.  

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Posted: 7/3/2014 3:37 PM

Re: On campus arena? 


I thought the Rupp renovation was going to cost about $210 million. 

And, unless Jurich was lying and not being a partner with the city of Louisville, UL wanted an on campus arena, and not a downtown arena.

jvolk wrote: MKA is a nice place but you need some reality. I don't think UK is going to build a 12,000 seat arena. When you add seats you and dollars. Not a chance UK can build a 22,000 seat arena for under 300 mil even if they own the land. On the other hand UK could build a new arena for not much more than the Rupp renovation.

Just my opinion but while it is true UK could use a lot of that new media rights money to build a pay for an on campus arena they are not going to do it. Why would UK want to earmark all those millions to paying for an arena to play 18 basketball games a year?

I believe UK just did not like the Rupp deal on the table. They did not like the idea of UK fans being asked to pay so much to do the project, probably did not like the details of the project or the lease terms. They are going to get the deal they want before it is done. It would really take a bold move but all involved but maybe they need to look at building a new downtown arena or even tearing RUpp down and building a new place on the same spot.

Last edited 7/3/2014 3:38 PM by Badinage

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Posted: 7/6/2014 7:49 PM

Re: On campus arena? 



jvolk wrote: MKA is a nice place but you need some reality. I don't think UK is going to build a 12,000 seat arena. When you add seats you and dollars. Not a chance UK can build a 22,000 seat arena for under 300 mil even if they own the land. On the other hand UK could build a new arena for not much more than the Rupp renovation.

Just my opinion but while it is true UK could use a lot of that new media rights money to build a pay for an on campus arena they are not going to do it. Why would UK want to earmark all those millions to paying for an arena to play 18 basketball games a year?

I believe UK just did not like the Rupp deal on the table. They did not like the idea of UK fans being asked to pay so much to do the project, probably did not like the details of the project or the lease terms. They are going to get the deal they want before it is done. It would really take a bold move but all involved but maybe they need to look at building a new downtown arena or even tearing RUpp down and building a new place on the same spot.
22,090 seat Yum Center with 71 luxury suites was built for $238 million.
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Posted: 7/21/2014 9:43 PM

Re: On campus arena? 



ram1958 wrote: Dome Commonwealth.
___________________________________________
I don't believe in conference loyalty.
I don't like the SEC. I root for one team and one team ONLY
--and that's THE University of Kentucky
, period.
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Posted: 7/22/2014 4:07 PM

Re: On campus arena? 



wellinghurst wrote:
CatFansince73 wrote: I guess I don't understand the attraction of an on-campus arena, especially in a city like Lexington where the campus is basically downtown anyway.

I agree.  If they build an on-campus arena, the city would still want their downtown place, and 2 separate venues makes absolutely no sense in a city like Lexington.

Rupp is only blocks from much of the student housing.  Plus, the "off-campus" living is really growing to the west of campus.  I used to walk to games all the time from Holmes Hall.

The south end campus residents are farther away, but it's not like they are struggling to sell tickets.  Building a new arena to hopefully better fill the eRUPPtion zone during preseason games isn't an answer either.
Agree on all counts.
-----
Jeff Drummond
Publisher, AllWildcats.com
FOX Sports Next

JDrumUK@gmail.com
Twitter: JDrumUK



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Posted: 7/22/2014 4:07 PM

Re: On campus arena? 



UKFootballNut wrote:
ram1958 wrote: Dome Commonwealth.
tongue
-----
Jeff Drummond
Publisher, AllWildcats.com
FOX Sports Next

JDrumUK@gmail.com
Twitter: JDrumUK



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