remember arthur mann
Well-Known Member
https://www.building.co.uk/news/bam...xt-to-manchester-city-stadium/5104445.articleLooks like a Bam construction have won the rights to build a 20,000 seater arena next to the stadium.
https://www.building.co.uk/news/bam...xt-to-manchester-city-stadium/5104445.articleLooks like a Bam construction have won the rights to build a 20,000 seater arena next to the stadium.
I did try and tell you all.Same for the arena, pesky NDAs. I'd imagine after the consultation period it will be wham bam and on we go with a quick start.
I know its probably been raised before,but is this significant towards Citys coffers in any way ? Is it owned by ourselves etc ??
I know its probably been raised before, but is this significant towards Citys coffers in any way ? Is it owned by ourselves etc ??
Thanks mate for taking the time out to respond and yes I do seem to remember this post.Its conceivable then that we could "do" a Gary Neville and build ourselves a hotel which would be also ideal for match days as well as concerts or whatever else the new building will be offering.I had a stab at answering this before. In 2018, London's O2 Arena was reportedly making a profit of GBP 150 million. You might expect one on the Etihad Campus to make a bit less, but it should still be a lucrative venture. However, the bottom line is that a poster - @jrb I think - went to the roadshow and was told that it's being paid for by Oak View and they'll therefore presumably keep the revenues. It's possible that some revenue will find its way to City but it won't be game-changing sums. The big value of it to MCFC is that it makes the rest of the spare land on the Campus much more attractive for development and you could possibly be talking then about it generating transformative amounts of cash.
Below is part of an analysis I wrote back on page 331 of this thread around 4 months ago:
City (or rather the MCFC/MCC joint-venture company) will be supplying the land on which the facility will be built and will be responsible for maintaining the entire surrounding area, as well as operating (or overseeing the operation of) other facilities on the Campus, including those yet to be built. There may also be scope for MCFC/ADUG to provide some assistance in procuring events for an arena, too; OVG don't especially need assistance, but I doubt they'd be likely to turn it down.
Bit of a hostage to fortune to speculate on exactly how it will work given the limited information we have so far, so I won't try in any detail. However, I'll make the following general points: (1) there'll be contractual undertakings with respect to the above and some money will flow to MCFC for the performance of the above obligations; (2) the amount is unlikely to be game-changing in terms of the club's income, but it's not fanciful to suggest that it could cover the annual salary of an established member of the senior squad - in other words, well worth having; and (3) it should be possible to structure matters in such a way that's acceptable to OVG while any income of MCFC counts for FFP purposes under the current rules.
The big deal about the OVG plans, though, is that if they go ahead, it will unlock the development of the rest of the site. Once you have a world-class anchor, and OVG genuinely is, then other leisure operators of ancillary facilities are much more likely to commit to the collar site as a venue as well. Again, much depends on how they work it and we're in the realms of absolute conjecture here (so please note the following choice of words), but it's possible that the revenue for MCFC could be rather significant.
Thanks mate for taking the time out to respond and yes I do seem to remember this post.Its conceivable then that we could "do" a Gary Neville and build ourselves a hotel which would be also ideal for match days as well as concerts or whatever else the new building will be offering.
Cheers,
Oakie
I recall extra bus shuttles had been suggested running a different route to the current route. It might have been Bradford Rd.Did anyone go to the public consultation events held late last year?
I am interested to know how they propose to manage traffic, parking and public transport when there is an Arena event on the same day as a football match. Or will this not be allowed to happen?
e.g. can we tell the TV companies we can't do Saturday 5.30pm kick-offs because chances are there will be a concert happening next door on those nights...
I recall extra bus shuttles had been suggested running a different route to the current route. It might have been Bradford Rd.
HH is paying the rest on the quiet. So I hear anyway.Anyone know why the cost (at least the one quoted with the BAM construction news) had halved from £300 million to £150 million?
Definitely a mystery investor ...HH is paying the rest on the quiet. So I hear anyway.
So, they're holding a drop-in event on Monday at which they'll showcase the "updated plans for an exciting new arena". Anyone on here fancy going down there and reporting back to us?
I live opposite I'll get down bar anything popping up
The proposed new arena looks great and they certainly won't be building it on the cheap if it goes through.
https://www.manchestereveningnews.c...ews/plans-revealed-massive-new-music-17825312