The City of Evansville and the Icemen can both WIN if the City will allow a Win-Win Relationship
The City of Evansville through its Mr. Everything John Kish has now co-opted the cover of the Courier and Press to take its deal to the people of Evansville. There are a couple of things that are very clear that the City of Evansville needs to not be stuck with the unenviable task of having to do a public mea culpa in the first year of operation if the taxpayers of Evansville are asked to subsidize the operation of the Arena.
Let’s recap what is needed to satisfy the pro-forma that is published on the Arena Website. The City of Evansville projects that there will be 3,500 people at each of the 38 hockey games in the new Arena. The city furthermore projects a ticket price of $12 per ticket. Recently the city has come forward with what they really need which is $7,000 per game for rent.
The math works out very easy. At the official projection of the City of Evansville’s pro-forma they will need $2 per ticket to get their $7,000. The City County Observer respectfully supports exactly that revenue sharing for the agreement between the city and the IceMen. The only other issue to discuss is the sharing of the concessions profit. As the IceMen are the main reason that human beings will be in the Arena for these 38 games it is reasonable and even customary that the team share in the concession profits.
The City County Observer respectfully suggests the following contract between the City of Evansville and the IceMen.
1. The City of Evansville will receive $2 for every ticket sold to an IceMen game. There is no minimum or maximum to the revenue that the City of Evansville shall receive.
2. The City of Evansville and the Evansville IceMen shall share the profits or losses associated with the concessions equally after all expenses have been accounted for.
This is our humble and simple suggestion. This arrangement holds the City of Evansville accountable for the projections of 3,500 attendees per hockey game that they sold to the people of Evansville during the sales pitches of 2007. We believe that the source of this projection is Mr. Tom Chema who was hired by the City of Evansville to make the numbers work and reach the conclusion that an arena was needed. If the projections turn out to be garbage it is the Weinzapfel Administration that paid for the garbage and it should be the City of Evansville that bears the risk for its validity.
Our recommendation creates a true partnership that will allow the Evansville Icemen to mitigate the risks associated with stepping up to the challenge of the new and more expensive Arena while creating a situation for the People’s Arena to overachieve as the team builds a bigger fan base. Please consider this and remember the old adage of KISS (Keep it Simple Stupid).
The recommendation of the City County Observer meets all of the needs for everyone unless of course the City of Evansville and its surrogates have bought another PIG IN A POKE. In that case the city gets their pig.