THE FUTURE of SASKTEL CENTRE Evolution of Sasktel Centre (Saskatchewan Place Association)
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GROWING FORWARD: THE FUTURE OF SASKTEL CENTRE Evolution of SaskTel Centre (Saskatchewan Place Association) Cost: $26.1 million Opened: February 9, 1988 Capacity grown with community: • 1988: 7,800 • 1990: 11,330 • 2009: 15,100 Evolution of a City • Rating among top 100 arena concert venues in the world (Pollstar) • Made Saskatoon a destination for major events and tours Sports: • World Junior Hockey Championships (2); Memorial Cup (2) • Briers and Tournament of Hearts (5) • NHL Hockey (12) • Figure Skating, Rodeo, Volleyball, Basketball, Lacrosse Music and entertainment for all ages: • Elton John, Taylor Swift, Billy Joel, Katy Perry, The Eagles • Cirque du Soleil • Junos and Canadian Country Music Awards Evolving Market Environment • Katy Perry World Tour 2014 • 47 dates • Only four buildings older than SaskTel Centre • Of these four buildings all are either in the process of being replaced or renovated. • Second-smallest market-area population (272,000) Evolving Market Needs Major events and tours drawn to buildings with enhanced amenities Key Issues: • No Loading Dock for quickly loading shows in and out. • Roof and trusses are too low and inadequate for event rigging. • Kitchen and catering space is inadequate. • With additions in permanent seating, we have outgrown concourse space and concession service locations. • Limited public restrooms. • Lack of permanent artist dressing rooms. • Limited dressing rooms for national and international events. The Future of SaskTel Centre • SaskTel Centre is at a crossroads • An aging facility in an environment that is growing more competitive Comprehensive Maintenance Reserve • Well maintained throughout its history • Strategic expansions pushed facility to capacity limits • Maintenance Reserve planned for the following projects: • Roof replacement • Fixed seating replacement • Parking lot reconstruction and structural overlay • Ice slab replacement Comprehensive Maintenance Reserve Exploring Our Future • Need for market analysis to explore key questions: • What are our options to extend the life of the current facility? • Can SaskTel Centre remain competitive for the next 30 years? • What upgrades are necessary and what are the costs? • If a new venue is required, what role can a repurposed SaskTel Centre fill? • Should a new facility be recommended, the market analysis will address: • What locations should be considered? • What amenities would be required? • What are the costs? • What options are available to finance a new facility? .