Norton
01-21-2004, 08:10 PM
Kingston Community Memorial Health and Recreation Centre: Feasibility Study
Parkin Consultants Limited
Final Report: April 1993
Summary:
This report was prepared before the amalgamation of the City of Kingston and former townships. The elements of this report were conceived in 1989 and 1990.
“It is extremely important to note that excepting the section of Current Alternatives, the findings of this Study are, at best, now open to question and, at worst, obsolete, as a result of extraordinary economic changes and their impact on individual lifestyles, corporate philosophies and government policies.” (p 1.4) “…the great recession of the early 1990s has become entrenched in the business, governments and in the lives and minds of Canadian citizens.” (p 3.4) “Significant changes in touring companies, concert business.” (p 3.5)
Current Alternatives (as of 1993):
1) expanding the current facility (adding + 3000 sets).
2) adding to the existing arena of a new 6500 seat arena with renovation to the existing facility (for practice or spare ice, creation of exhibition space, ability to hold two events.)
3) new 6500 seat arena with demolition of the existing facility
Conclusions:
1) “This option [1]… is considered neither practical nor economically sound.”
2) Either of 2) or 3) above is feasible. The cost is likely to range between $25 million and $30 million [NOTE: 1990 figures using City-owned property with 6500-seat arena].
Original Study:
Consideration was given for an 8500-seat facility:
1) Developing the original site [$35 million]
2) Central Business District (bounded by Place D’Armes, Ontario Street, Queen Street and Wellington Street (partially owned by the City [at that time]). Underground parking for 1400 cars. Original M-C site would be a multipurpose City park. Capital Cost: $128 million]
3) Davis Tannery Site (Rideau St and railway on west, River St on south, Cataraqui River on east, green space on north)
4) Alcan Properties (availability unknown. Was for sale for $10.5 million)
5) Marker Property (Division, Railway south and industrial development north and east)
In 1987, the junior hockey club was the main tenant, utilizing 60% of the facilities events. Entertainment accounted for 12% and trade/consumer shows 24%. [NOTE: It has been 15 years since these figures were produced; it would be useful to have an update.]
In 1987, $774,862 in ticket sales, facility rentals and other income was generated; operating costs reached $1,093,473. There was a deficit of $318,311. Deficit could be improved with decreased maintenance costs and energy costs, increased rent, ticket sales, canteen revenues.
[NOTE: It would be useful to have a report of annual income/cost for this facility for the past 15 years.]
The Kingston Raiders averaged 1500 seat sales in the 1986/87 season and 1200 seat sales in the 1987/88 season. Smaller hockey leagues attract 200 persons.
Parkin Consultants Limited
Final Report: April 1993
Summary:
This report was prepared before the amalgamation of the City of Kingston and former townships. The elements of this report were conceived in 1989 and 1990.
“It is extremely important to note that excepting the section of Current Alternatives, the findings of this Study are, at best, now open to question and, at worst, obsolete, as a result of extraordinary economic changes and their impact on individual lifestyles, corporate philosophies and government policies.” (p 1.4) “…the great recession of the early 1990s has become entrenched in the business, governments and in the lives and minds of Canadian citizens.” (p 3.4) “Significant changes in touring companies, concert business.” (p 3.5)
Current Alternatives (as of 1993):
1) expanding the current facility (adding + 3000 sets).
2) adding to the existing arena of a new 6500 seat arena with renovation to the existing facility (for practice or spare ice, creation of exhibition space, ability to hold two events.)
3) new 6500 seat arena with demolition of the existing facility
Conclusions:
1) “This option [1]… is considered neither practical nor economically sound.”
2) Either of 2) or 3) above is feasible. The cost is likely to range between $25 million and $30 million [NOTE: 1990 figures using City-owned property with 6500-seat arena].
Original Study:
Consideration was given for an 8500-seat facility:
1) Developing the original site [$35 million]
2) Central Business District (bounded by Place D’Armes, Ontario Street, Queen Street and Wellington Street (partially owned by the City [at that time]). Underground parking for 1400 cars. Original M-C site would be a multipurpose City park. Capital Cost: $128 million]
3) Davis Tannery Site (Rideau St and railway on west, River St on south, Cataraqui River on east, green space on north)
4) Alcan Properties (availability unknown. Was for sale for $10.5 million)
5) Marker Property (Division, Railway south and industrial development north and east)
In 1987, the junior hockey club was the main tenant, utilizing 60% of the facilities events. Entertainment accounted for 12% and trade/consumer shows 24%. [NOTE: It has been 15 years since these figures were produced; it would be useful to have an update.]
In 1987, $774,862 in ticket sales, facility rentals and other income was generated; operating costs reached $1,093,473. There was a deficit of $318,311. Deficit could be improved with decreased maintenance costs and energy costs, increased rent, ticket sales, canteen revenues.
[NOTE: It would be useful to have a report of annual income/cost for this facility for the past 15 years.]
The Kingston Raiders averaged 1500 seat sales in the 1986/87 season and 1200 seat sales in the 1987/88 season. Smaller hockey leagues attract 200 persons.