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Blue Jackets Could Lose Public Funding

from Lucas Sullivan of the Columbus Dispatch,

A citizens’ group has turned in petitions seeking a public vote to stop the city from paying on its purchase contract for Nationwide Arena.

The Columbus Coalition for Responsive Government submitted 17,200 signatures to the Columbus City Clerk office today to amend the purchase ordinance and stop payments to purchase the arena by Jan. 2016....

Owners of the Columbus Blue Jackets urged for the public purchase because the team was losing money. The deal saved the Blue Jackets about $9.5 million a year and allows the team to keep all concession and parking revenue from hockey-related events. The team agreed to remain in Columbus through 2039 under the deal.

City and county officials said keeping the team solvent is important because of the revenue generated in and around the Arena District.

Opponents called the purchase a bailout and said the public should have been given a vote on public financing for an arena.

“This is not about the Blue Jackets, we say ‘go Jackets,’ ” said coalition president Jonathan Beard in a news release. “This is about what we believe to have been an abuse of the public’s trust in Columbus City Council.”

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Filed in: NHL Teams, Columbus Blue Jackets, | KK Hockey | Permalink
 

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Gotta say I agree.  There are a lot of shows booked in the arena because it is a nice arena. I believe there are enough attractions down there now, the city should not be paying the blue jackets to stay. The arena grand theater, all the restraunts, popular bars from before the blue jackets were there and the Columbus Convention Center… I don’t hardly believe the area would die without dumping $10M/yr into the coffers of the McConnell family, Nationwide, and The Dispatch.

Posted by teldar on 12/05/13 at 09:45 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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