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  #41  
Old 06-01-2016, 03:53 PM
Da Coach Da Coach is offline
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Interesting that DePaul just released information about the seating arrangement in their new arena. They typically have only a few dozen students or so at the Allstate Arena, and they were always located in the lower level behind the basket at one end. In the new arena, DePaul is trying to make the students think they are getting a good deal with a student seating area called the "Demon Deck". However, it is a 2nd level deck at one end of the arena.
http://depauliaonline.com/2016/05/15...udent-section/



Already there are criticisms. The students don't like being pushed up to the upper level and away from the court. others think it will detract from the enthusiasm the students would provide at courtside. DePaul could obviously sell the lower level seats for more money, and some think this move is economic. The DePaul AD is sugar coating it like this:

“The idea was really to create an atmosphere that would give students a good vantage point and at the same time, if they wanted to stand an entire game, they would be in their own community,” DePaul athletic director Jean Lenti Ponsetto said. “We really wanted to provide them with a concourse area so that there were pregame events, pizza parties, or whatever, you know, students would like for us to do.”
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  #42  
Old 11-17-2016, 03:59 PM
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Naming rights for the new DePaul arena
Wintrust Arena

The Chicago bank signed a 15-year sponsorship deal believed to be in the $20 million range
DePaul has agreed in a 50-year deal to use the 10,387 seat arena as their home arena.
http://www.depaulbluedemons.com/genrel/111616aaa.html

The arena had been estimated to cost $164 million - at least half of which taxpayers are footing, despite denials from Rahm Emanuel.
The city also put up $55 million to lure a Marriott Hotel next door to the arena, meanwhile their city has severe financial problems and is raising various taxes and fees and is closing facilities to save money.
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  #43  
Old 03-03-2017, 07:12 AM
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this thread started back in 2013 and now DePaul is about to play their final game in the Allstate Arena (formerly the Rosemont Horizon)

Barring unforseen problems, they should be in their new arena next fall
http://www.chicagonow.com/vociferous...l-in-rosemont/
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  #44  
Old 03-03-2017, 08:12 AM
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The project for DePaul takes me back to when the civic center was built here in Peoria. Bradley basketball was a tough ticket to buy at the field house. The civic center was built as a result of Bradley basketball. The civic center has been criticized for lots of things over the years, but can anyone imagine what downtown and Peoria would be like without it? No concerts, trade shows, athletic events, Broadway shows and countless other things. All built with taxpayer money. I wonder if it's time to for the PCC to sell naming rights for the arena and theater, to make much needed upgrades. The facility isn't getting any younger.
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  #45  
Old 03-03-2017, 09:07 AM
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I hope DePaul's move will be good for them & for the city but having a home arena not only far from campus but in an area of town that perhaps a lot of DePaul fans don't frequent or maybe don't want to frequent -
wonder how their attendance will go
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  #46  
Old 03-06-2017, 12:40 PM
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Interesting story on DePaul and their move to their new arena...

the entire project was researched and developed - hinging on a proposed and expected attendance...that is five times what they are now drawing!
BUT - that projected attendance number has changed drastically....

"DEPAUL ATTENDANCE PLUMMETS AHEAD OF MOVING INTO NEW ARENA"

DePaul averaged 1,824 fans per game for 14 home dates this season, which is down 24% from last year.

.. Seven DePaul games saw attendance of less than 1,000 people, including two games attended by fewer than 600 people..

http://www.chicagohoops.com/180-depa...into-new-arena
http://www.chicagobusiness.com/artic...heads-downtown

just a guess, but I think the Chicago & Illinois taxpayers will be on the hook for an unexpected huge amount of dough to make up the shortfall.
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  #47  
Old 03-06-2017, 06:26 PM
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**Side note**

Northwestern is refurbishing Welsh-Ryan Arena starting immediately and will be playing their home games next year in Rosemont at Allstate Arena.
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  #48  
Old 03-11-2017, 03:59 PM
algotrader algotrader is offline
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Quote:
Originally Posted by tornado View Post

just a guess, but I think the Chicago & Illinois taxpayers will be on the hook for an unexpected huge amount of dough to make up the shortfall.
??

It was paid for partially with TIF money. Which is money that exists already and not borrowed against in the future. Also it was the last (or one of the last) projects paid for with TIF money. Furthermore when Rahm got elected one of the early things he did was end public taxes going to private projects.

That money now goes entirely to infrastructure improvements, new parks, etc. Millennium Park, the riverwalk, Northerly Island, etc are all looking really nice.

Downtown 10 years ago barely had any tourists. I could go read a book in MP in complete silence. Now its packed every weekend and most weekdays. And is why Chicago pulls in nearly as many tourists as NYC.

That TIF money now brings in $1B per year in tax money from tourism.

And no mention of the private money donated by the owner of Citadel to completely redo our lakefront path.
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  #49  
Old 03-11-2017, 04:27 PM
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but you hint that TIF money just miraculously materializes in an account somewhere....and that it grew on trees and never came out of someone else's pocket..

no- TIF money originates from taxes collected from various sources - mostly taxes on the sales and proceeds of businesses and taxes on property that people have often invested their life savings in or mortgaged themselves well into the future to buy.

Any way you slice it, it's money taken in taxes from hard working people who try their best to be successful and to make the city successful - then it is given to someone like DePaul or to other BIG businesses that are already massively wealthy but who have in some way gained the TIF-favors from those in power.


Cities have an odd way of claiming something will NOT use public funds then come to find out that was a total lie.
Example: East Peoria bragged for years that their sponsorship yearly of the "Festival of Lights" was completely paid for privately.
In time, truth came out that it was largely subsidized by taxpayer money, the city built a $2 million storage facility at city expense to store all the decorations & floats, that EP city was on the hook for all the extra police and service time, the 6-digit electric costs were paid by the city, as well as liability and other costs...
In the end their promise that zero taxpayer funds were to be used was so ridiculously false.
Can't tell you how many times I have heard the line before and then saw the taxpayers get burned...
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  #50  
Old 03-11-2017, 04:37 PM
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Chicago should be overflowing with cash then? But they are not. Don't get me wrong, I was born and raised in Chicago, and visit frequently and love the city. But it is run by politicians who for decades have a record of corruption and mismanagement.

Just the opposite- Chicago has all kinds of budget woes.
Chicago's shockingly bad finances-
http://www.governing.com/topics/fina...-finances.html
https://www.nytimes.com/2015/09/09/u...nuel.html?_r=0

And they have hiked property taxes over and over again to the highest in the country-
http://www.chicagonow.com/getting-re...eading-higher/
http://www.chicagotribune.com/news/l...231-story.html

Chicago's sales tax is now the highest in the nation!-
https://www.illinoispolicy.org/chica...in-the-nation/

Chicago has the highest gas prices in the country-
http://www.nbcchicago.com/news/local...201841701.html

Chicago has the highest tobacco taxes in the country-
https://ballotpedia.org/Verbatim_fac..._the_nation%3F

Chicago's liquor taxes are among the highest anywhere-
https://www.illinoispolicy.org/chica...-liquor-is-28/

Anyone who has stayed in Chocago knows that their 17.4% hotel tax is one of the highest in the country-
https://www.illinoispolicy.org/new-c...-even-pricier/

Chicago taxes cellphones higher than just about anyone-
http://rockrivertimes.com/2016/10/13...x-rates-study/

And not surprisingly, Chicago has become #1 in population loss, which probably means taxes will only go higher.
http://chicagotonight.wttw.com/2016/...opulation-loss
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  #51  
Old 11-06-2017, 09:04 PM
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As we have seen in this discussion, the City of Chicago has spent $146 million, most of it taxpayer's money, to build the new 10,000 seat Wintrust Arena on Chicago's south side with the primary tenant being DePaul basketball. The City of Chicago, and Rahm Emanuel sold this project with the projection that it would result in a huge surge in attendance at DePaul basketball games, plus thousands more students were projected to attend games. They claimed it would result in a boost of their average attendance to 9,500 per game, despite the fact that their attendance last season, their final season at the All-State Arena in Rosemont, averaged only about 1,800 per game.

Well, yesterday, DePaul played their first game in the new Wintrust Arena, an exhibition game against NAIA Indiana University-Northwest. DePaul clobbered them 121-65. The announced attendance was 4,751, but DePaul counts tickets issued, and they are known to hand out thousands of free tickets to sponsors and big wigs in Chicago, plus they hold out a couple thousands student tickets and count those as tickets sold, even when the students don't come (see article below)!
The actual attendance at yesterday's game was a few hundred at the most, with almost no students showing up. Here is a screen-shot from their highlight video showing how few people were in the stands, and the sections pictured are the best seats, so as seen in the video, there are not a lot of people elsewhere in the arena. The arena also has an upper bowl, that was essentially empty.
Video-
http://www.depaulbluedemons.com/spor...110517aaa.html

Screen-shot-



Again, here is an article from last spring from Crain's Chicago Business that has the numbers-
http://www.chicagobusiness.com/artic...heads-downtown

The Blue Demons would have to draw more than five times their current average attendance at newly-named Wintrust Arena on the McCormick Place campus to meet the lofty attendance projections laid out for the building by the Metropolitan Pier and Exposition Authority, the agency known as McPier that operates the convention center.

A 2013 feasibility study prepared by Mineola, N.Y.-based hospitality consulting firm HVS and commissioned by McPier estimated that the venue would need to draw an average of 9,500 fans at 16 DePaul men's basketball games to achieve its goal of breaking even on operating costs. The report suggested that DePaul games would account for more than 40 percent of the expected annual attendance of 370,000 across all events, including concerts, shows and conventions.

But that calculation appeared to be based on ticket sales numbers—known as paid attendance—not the actual number of people that go to games.
Paid attendance has totaled 75,316 so far this year, or an average of 5,380 people per game. That figure includes free tickets given to charities and at least a couple thousand seats the school buys to block out space for students, regardless of whether they actually go.


But the actual number of people who walked through the Allstate Arena turnstiles was a third of that total, arena ticket records show.

WHY BUTTS IN SEATS MATTER

If those low attendance figures continue when DePaul moves to its new home next season, it would diminish the arena's operating revenue from things like concessions and undermine the venue's primary purpose of spurring an entertainment district on the Near South Side. The smaller the crowds, the harder it will be for McPier to lure new businesses into McCormick Square, the name it gave to the area around the convention center campus last year.

DePaul officials expect attendance to improve at the new arena because it is much closer to its Lincoln Park and downtown campuses than Allstate Arena and is easily reachable via CTA trains.

But the climb ahead is steep for a program that used to pack the old Rosemont Horizon in the venue's early years with hometown stars like Mark Aguirre and Terry Cummings leading the way.

For McPier, a return to such Blue Demon basketball glory days can't come soon enough.



DePaul should draw a bit better with their next game, their official home opener against Notre Dame, but after that, there aren't many home games that appeal to fans. As we predicted here, this will turn out to be a disaster for the taxpayers of Chicago.
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