New City Arena

[Nathan]

tbh the arena will be more economically viable then this, and would bring in more revenue ^^ But I guess this isn't up to us to decide what happens.

If you're trying to judge a park on "economic viability" and how much direct revenue it brings in, you're going to have a bad time.

If It was to remain in parklands and have events that would be nice : ). Unfortunately for those who wish for that result wouldn't be glad to know that the arena will bring in about 30m per year I believe, so the government might want that instead.

You're off by 100%. It would bring in $15m per year after operation costs, and that's outright — not over and above what the existing Entertainment Centre brings in — so the net benefit for the $660m spend would be even less than that.

“To correct the record, I am advised that the new Adelaide Riverbank Arena is forecast to generate total revenue in the order of $49.2 million per annum and incur total operating costs in the order of $34.5 million per annum once operational.”

[VinyTapestry849]

If you're trying to judge a park on "economic viability" and how much direct revenue it brings in, you're going to have a bad time.

If It was to remain in parklands and have events that would be nice : ). Unfortunately for those who wish for that result wouldn't be glad to know that the arena will bring in about 30m per year I believe, so the government might want that instead.

You're off by 100%. It would bring in $15m per year after operation costs, and that's outright — not over and above what the existing Entertainment Centre brings in — so the net benefit for the $660m spend would be even less than that.

“To correct the record, I am advised that the new Adelaide Riverbank Arena is forecast to generate total revenue in the order of $49.2 million per annum and incur total operating costs in the order of $34.5 million per annum once operational.”

All in all, something must be built to replace the entertainment centre.

[Nathan]

If It was to remain in parklands and have events that would be nice : ). Unfortunately for those who wish for that result wouldn't be glad to know that the arena will bring in about 30m per year I believe, so the government might want that instead.

You're off by 100%. It would bring in $15m per year after operation costs, and that's outright — not over and above what the existing Entertainment Centre brings in — so the net benefit for the $660m spend would be even less than that.

“To correct the record, I am advised that the new Adelaide Riverbank Arena is forecast to generate total revenue in the order of $49.2 million per annum and incur total operating costs in the order of $34.5 million per annum once operational.”

All in all, something must be built to replace the entertainment centre.

Why?

[rev]

LOL. You actually expect a serious answer Nathan, besides 'its old nobody wants to go there/play there/perform there" ??

Anyway..

The Australian Heritage Council has joined the growing list of people who are opposed to this ridiculous arena proposal. They're also opposed to the nWCH car park.

The park they want to build this on, Helen Mayo Park, was given a national heritage listing in 2008 by the then federal government.

[VinyTapestry849]

You're off by 100%. It would bring in $15m per year after operation costs, and that's outright — not over and above what the existing Entertainment Centre brings in — so the net benefit for the $660m spend would be even less than that.

All in all, something must be built to replace the entertainment centre.

Why?

It was in the tiser or another article the other day I read this:

Cameron Hoy, Ticketek Managing Director of Australia has said that without the new arena, major acts will bypass the state altogether because the Adelaide Entertainment Centre is not a viable option.

“The proposed new Adelaide Riverbank Arena is essential unless Adelaide is happy to no longer be part of the contemporary live entertainment touring scene.”

Now of course this is just an opinion (like most of revs whining), but it's true. The current entertainment centre just doesn't have enough seats for it to be profitable by major musical artists and events. Apparently its quite costly to keep running, and that's why it's going to be sold by the government if it gets relected. So atm is either new riverbank arena, or a redevelopment of the entertainment centre. I hope that answers you question Nathan.

[Nort]

If there are a substantial number of shows where the difference between 11,300 seats and 15,000 seats is enough to make them non-viable then let's make the AEC bigger. Bet it could be done for a lot less than 677 million dollars.

[Nathan]

The managing director of Ticketek is hardly an unbiased commentator.

It's been established earlier in this thread that the reasons many acts skip Adelaide have nothing to do with the capacity or location of the existing Adelaide Entertainment Centre, and more the peculiarities of the Adelaide market (in particular our reluctance to buy tickets in advance) and poor promoters.

If all we're going to do is build a new arena without solving any of the actual problems, then those shows will continue to skip us regardless. The $660m will be for nothing.

[VinyTapestry849]

We'll just have to wait an see I guess. There's growing opposition to it:

https://www.google.com/url?sa=t&source= ... FnoECE8QAQ

[Waewick]

We'll just have to wait an see I guess. There's growing opposition to it:

https://www.google.com/url?sa=t&source= ... FnoECE8QAQ

I can almost guarantee that when Labor get back into power, they'll build it or something like it.

Being against it now has little to do with it being a good or bad project

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[VinyTapestry849]

We'll just have to wait an see I guess. There's growing opposition to it:

https://www.google.com/url?sa=t&source= ... FnoECE8QAQ

I can almost guarantee that when Labor get back into power, they'll build it or something like it.

Being against it now has little to do with it being a good or bad project

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Yeah. Labour is just playing politics, trying to get voters. I imagine they sure will build something similar.

[rev]

We'll just have to wait an see I guess. There's growing opposition to it:

https://www.google.com/url?sa=t&source= ... FnoECE8QAQ

I can almost guarantee that when Labor get back into power, they'll build it or something like it.

Being against it now has little to do with it being a good or bad project

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Perhaps they will.
But, the issue for many people isn't that something is to be built there, the issue is priorities, as discussed throughout this thread.
That's the first issue, and imo the most important. Sporting venue that nobody has asked for at 3/4 of a billion, or fixing the health care system....
The second issue, which ties into the first one, is that there is a proposal from during the Labor government years, to redevelop Memorial Drive properly. The Liberal state government has ignored that, spent tens of millions on a mediocre minor upgrade instead, and plans to spend 3/4 of a billion on a new venue across the river.

Hopefully work doesn't get underway before the next state election, because if Labor win and they cancel the project it may cost tax payers millions in clauses to end the contracts.

[Waewick]

We'll just have to wait an see I guess. There's growing opposition to it:

https://www.google.com/url?sa=t&source= ... FnoECE8QAQ

I can almost guarantee that when Labor get back into power, they'll build it or something like it.

Being against it now has little to do with it being a good or bad project

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Perhaps they will.
But, the issue for many people isn't that something is to be built there, the issue is priorities, as discussed throughout this thread.
That's the first issue, and imo the most important. Sporting venue that nobody has asked for at 3/4 of a billion, or fixing the health care system....
The second issue, which ties into the first one, is that there is a proposal from during the Labor government years, to redevelop Memorial Drive properly. The Liberal state government has ignored that, spent tens of millions on a mediocre minor upgrade instead, and plans to spend 3/4 of a billion on a new venue across the river.

Hopefully work doesn't get underway before the next state election, because if Labor win and they cancel the project it may cost tax payers millions in clauses to end the contracts.

Yeah it's a stupid argument though.

We could spend our entire state budget on health and it wouldn't be enough because there would be new ways to spend it and more multi millionaire specialists

Governments can walk and chew gum.

Couldn't care less about this project, but the what about health argument is tiresome.

Perhaps we should spend the money on a royal commission into our health system?

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[A-Town]

And anyway besides, let's stop mischaracterising this as a mere repurposing of so-called 'derelict' land. What's proposed is to build right up to the banks of the river and to forsake 10% of the city's green space. Much will be lost on the right of this vista.
IMG_1919.jpg

The Arena would make quite a nice addition to that backdrop, similar to how the redeveloped Adelaide Oval compliments the River Torrens.

[A-Town]

Untrue.

What's that, 10 years old now? Been very quiet since then, and there hasn't been any pressure from the public for the Govt/Council to do more with the derelict land west of Morphett St bridge. We already have enough unused space in the Park Lands

Okay. So we're going from "no one's been fighting to do anything with the land" to "no one has said anything within my unspecified timeline". Got it.

Very few people are aware that 'proposal' by the ACC even exists, such is the lack of continuous fighting to do anything with the land. We're drawing a pretty long bow if we're calling a quick sketch up that looks like it was done by a uni architect student a genuine proposal.

[VinyTapestry849]

And anyway besides, let's stop mischaracterising this as a mere repurposing of so-called 'derelict' land. What's proposed is to build right up to the banks of the river and to forsake 10% of the city's green space. Much will be lost on the right of this vista.
IMG_1919.jpg

The Arena would make quite a nice addition to that backdrop, similar to how the redeveloped Adelaide Oval compliments the River Torrens.

Thats true