The head of the arena making company set to redevelop FirstOntario Centre says the vision of success relies on geographics and the impending growth of the Greater Toronto Area.
First Ontario Centre in downtown Hamilton, Ont. in April 2023. Hamilton has closed a deal with a partnership that will inject close to $280 million into a redevelopment of the city's aging downtown arena.The chairman and CEO of the company putting hundreds of millions into a Hamilton arena development says they’re “trying to see the future” and relying on the geography and growth of the Greater Toronto Area for a vision of success.
“In Toronto, there is one arena and it’s really busy. Scotiabank, in addition to the hockey team and the basketball team, they have quite a few other events and they’re going to go through a period of renovation.”The partnership with the Hamilton Urban Precinct Entertainment Group will endeavor to upgrade a 38-year-old arena to create a centerpiece in Hamilton’s downtown core while taking some $155 million off the backs of city taxpayers over the next 30 years.
“So if you live in Oakville, you’re going to drive down to the Hamilton Arena because it’s 15 to 20 minutes.”
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Leiweke says hockey will be focus of Hamilton's $300M renovated arena — but not NHLTim Leiweke promises to bring back a hockey team to Hamilton in a couple of years to a revamped FirstOntario Centre, just not an NHL franchise.
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Leiweke says hockey will be focus of Hamilton's $300M renovated arena — but not NHLTim Leiweke promises to bring back a hockey team to Hamilton in a couple of years to a revamped FirstOntario Centre, just not an NHL franchise.
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Leiweke says hockey will be focus of Hamilton's $300M renovated arena — but not NHLTim Leiweke promises to bring back a hockey team to Hamilton in a couple of years to a revamped FirstOntario Centre, just not an NHL franchise.
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Leiweke says hockey will be focus of Hamilton's $300M renovated arena — but not NHLTim Leiweke promises to bring back a hockey team to Hamilton in a couple of years to a revamped FirstOntario Centre, just not an NHL franchise.
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Leiweke says hockey will be focus of Hamilton's $300M renovated arena -- but not NHLTim Leiweke promises to bring back a hockey team to Hamilton in a couple of years to a revamped FirstOntario Centre, just not an NHL franchise.
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