Friday, December 18, 2009

Fortune of events center ails with the economy

Notice anything missing from this story? It's the fans, the people the Fains have been counting on to make this unlikely venture work. Ken apparently asks questions of no one but those who are working to sell the idea. Consequently the reader can't trust anything in the article as fact.

Speaking as someone who's done a lot of shows, big and small, I've said from the beginning that the arena would quickly devolve to white-elephant status. Six thousand seats is just too big for people in this area, even including optimistic hopes of visitors, to reliably support. I grew up in an area where minor-league hockey is relatively popular and familiar, and I've seen how counting on that usually leads to bankruptcy. Trying to sell music in a barn like this one is iffy at best, and most ticket-buyers wind up hating it. The optimistic (for developers) population projections that sold Global Entertainment on the area are proving wildly wrong. It won't be long, I expect, before Global cuts its losses and pulls out, leaving PV with the question of what to do with the building. Maybe there's an opportunity here.

Maybe Ken's second half will include the other side of the story. I'll keep an eye out.

Update, Tuesday: Never happened. I'm so surprised.

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