Orlando Blog - Orlando Vacation

Information and news updates on Orlando Florida and Central Florida tourism information. This blog will try and cover all thing Orlando - from the nightlife to the Orlando Magic to the theme parks.

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Friday, February 9, 2007

Predators Arena

The Orlando Predators would like to build a new arena so it can be as large as the Magic Orlando basketball team arena. Brett Bouchy the president and part owner of the Arena Football League team, said that the predators early last year offered to contribute one-sixth of the money that the magic would pay toward the construction of the stadium as long as the predators receive one-sixth of the revenue. In a previous letter sent to Orlando Centroplex director Allen Johnson at about 7pm on Thursday February 8, 2007, Bouchy said that his team stands to lose between $1.6 million and $3 million in revenue each year because of the proposed deal between the city and the magic.
The $480 million arena also would receive $60 million from the sale and redevelopment of the city's Centroplex and another $10.7 million in bonds that would be repaid from the city's general budget. The building of the arena would lose about 1,000 to 1,400 premium seats because of the new suites, which would then be sandwiched between the lower and upper seating bowls of the arena. Last year the predators reported that they would pay up to $16 million for construction for the arena, it's been out there since early 2006. Now the question is, if the Magic say this is a fair deal with the county and the city, then why wouldn't they be able to share a small fraction of the risk and the reward with the Orlando Predators?