LEWJ Posted June 5, 2008 Share Posted June 5, 2008 So today they unveiled the newest updated drawings for the Lucas County Arena. Pictures and Powerpoint download available on ToledoWalleye.com and LucasCountyArena.com. Sorry Mods, it was in the Sports Logos Forum. I wasn't positive where to put it. | BROWNS | BUCKEYES | CAVALIERS | INDIANS | Link to comment Share on other sites More sharing options...
Mac the Knife Posted June 5, 2008 Share Posted June 5, 2008 That's a rather ornately designed facility. What are the cost projections for its construction? Link to comment Share on other sites More sharing options...
LEWJ Posted June 5, 2008 Author Share Posted June 5, 2008 That's a rather ornately designed facility. What are the cost projections for its construction?I heard on the local news it'll cost the county close to $100 Million.I don't know how accurate it is, but probably pretty close. | BROWNS | BUCKEYES | CAVALIERS | INDIANS | Link to comment Share on other sites More sharing options...
infrared41 Posted June 5, 2008 Share Posted June 5, 2008 That's a rather ornately designed facility. What are the cost projections for its construction?I heard on the local news it'll cost the county close to $100 Million.I don't know how accurate it is, but probably pretty close.Just what my hometown needs, a 100 million dollar arena for a minor league hockey team. Sorry, but I think there are much better places to spend that money. They could start by repairing those awful streets. Link to comment Share on other sites More sharing options...
LEWJ Posted June 5, 2008 Author Share Posted June 5, 2008 That's a rather ornately designed facility. What are the cost projections for its construction?I heard on the local news it'll cost the county close to $100 Million.I don't know how accurate it is, but probably pretty close.Just what my hometown needs, a 100 million dollar arena for a minor league hockey team. Sorry, but I think there are much better places to spend that money. They could start by repairing those awful streets.I agree!!It'll be a nice arena, but they didn't have to go over the top like they did. | BROWNS | BUCKEYES | CAVALIERS | INDIANS | Link to comment Share on other sites More sharing options...
burgundy Posted June 5, 2008 Share Posted June 5, 2008 I think their thought process is that eventually the Walleye and other prospective teams and events will bring in enough revenue that they can then start working on the rest of the city. Then there's all the people that will be drawn to the surrounding businesses, helping add some life to downton. But knowing Carty, he'll find some way to screw the city out of any money. Link to comment Share on other sites More sharing options...
Burning River Posted June 5, 2008 Share Posted June 5, 2008 I agree. First you need to get people to have a reason to come downtown. Then you fix up more and more surrounding areas. I mean Toledo is doing nohting different than any other city has done. 5/3 Field has been great for the Hens and downtown in general.I think that's why even starting that project in Rossford years ago was a bad idea. There was to an Arena and some sort of Music Pavilion. I'm not sure what happened... but construction stopped. Link to comment Share on other sites More sharing options...
LEWJ Posted June 6, 2008 Author Share Posted June 6, 2008 Yea I agree with what both of you guys are saying. Carty likes to spend money on entertainment purposes, thats for sure.He is planning on throwing out loads of cash on the downtown Swan Creek area to make it a mixed-use riverwalk development. ($300 Million)This would include selling the Erie Street Market for $4.2 Million. This may not happen for another 18 months.April 30, 2008Toledo City Council seeks review of development planRiverwalk proposal could see vote next weekToledo City Council offered mostly cheery-eyed praise yesterday for officials from the California-based company looking to transform Swan Creek downtown into a $300 million mixed-use riverwalk development.At the same time, some councilmen said the proposed agreement to sell city-owned land to Tetra Tech Inc. of Pasadena, Calif., needed more review.Council likely will vote next week on an agreement negotiated by Mayor Carty Finkbeiner's administration to sell to the company 25 parcels of property, including the Erie Street Market, for $4.2 million.Under the purchase agreement, the sale would not occur until after a "feasibility period," which could last up to 18 months.Jeff Fleischman, a senior asset strategist for Tetra Tech, said the company would use that time to determine the level of environmental pollution, if any, at the properties."We don't have the answers right now," Mr. Fleischman said. "Historically, there has been a lot of industrial use on those properties."The agreement requires only a $5,000 "deposit" and lets the company pull out of the deal for up to a year.Councilman D. Michael Collins suggested the company offer $500,000 in "earnest money," if the feasibility period reaches the one-year mark and is extended another six months - which would be the buyer's right under the agreement."That money could cover our expenses at the Erie Street Market, and it wouldn't cost the company anything because it could be taken off the purchase price," Mr. Collins said.Mr. Fleischman said he could not comment on the suggestion.Jennifer Johnson, a Finkbeiner administration attorney and manager of real estate for the city, said council should not connect the Tetra Tech deal with a separate ordinance that is before it to continue operating the market for the remainder of 2008.That ordinance would authorize the city to continue taking in revenue and using it to pay bills.Andy Ferrara, a city economic development specialist, said the market pulled in about $31,000 in profit during the first quarter of 2008.Ms. Johnson said if council elected to "mothball" the market, the city would violate lease agreements and be required to pay $10,000 plus relocation costs to each of the vendors located at the market."You name it, we would have to pay it," she said. "They wouldn't have to pay one penny out of pocket for relocating."Councilman Frank Szollosi said he was optimistic about the Tetra Tech project but was not going to allow it to be run through council with a "rubber stamp."He called for an independent attorney to review the real estate transaction before council votes.The deal includes $1.8 million for the city's water-distribution building at 401 South Erie St. and $1.2 million for the Erie Street Market.Councilman Lindsay Webb said she hoped the company would follow through on its plans to develop the land along the waterway. "Please don't break our hearts," she told the company officials.The development is to include a pedestrian-friendly walkway, office space, homes, shops, and a waterfront promenade along both sides of the creek from I-75 to the Maumee River.Contact Ignazio Messina at:imessina@theblade.comor 419-724-6171. | BROWNS | BUCKEYES | CAVALIERS | INDIANS | Link to comment Share on other sites More sharing options...
Burning River Posted June 7, 2008 Share Posted June 7, 2008 Toledo is actually doing a lot... or trying to. Now you have the posibility of this Swan Creek project. Add that to 5/3 Field and the New Arena surrounding area undergoing transformation. That's a huge improvement! Plus they are developing the old arena sight as well. What exactly is going to be developed at the old Arena Location?? Link to comment Share on other sites More sharing options...
LEWJ Posted June 8, 2008 Author Share Posted June 8, 2008 Toledo is actually doing a lot... or trying to. Now you have the posibility of this Swan Creek project. Add that to 5/3 Field and the New Arena surrounding area undergoing transformation. That's a huge improvement! Plus they are developing the old arena sight as well. What exactly is going to be developed at the old Arena Location??That is a really good question.I'd like to know that too. | BROWNS | BUCKEYES | CAVALIERS | INDIANS | Link to comment Share on other sites More sharing options...
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