Colisee talks making progress Veazie company, Pirates owner interested in arena
By Scott Taylor
,
Staff Writer
Wednesday, March 26, 2008
LEWISTON - One potential suitor for Lewiston's Colisee said he may have something to say about the future of the facility next week.
Jim Cain, president of Firland Management in Veazie, Maine, said he is scheduled to meet with Mayor Larry Gilbert and City Administrator Jim Bennett this week to discuss the Colisee.
"We have had some discussions, and we continue to have discussions, but it would be inappropriate to comment further than that," he said. "But we might have more to say next week."
Firland is a management group that specializes in ice arenas and rinks throughout the country, including Louisiana, Wisconsin and Canada. It was one of the first firms Lewiston hired when it took over operations of the ice arena in 2004 and was working to combine daily traditional community ice operations - including high school and junior hockey programs - with the Lewiston Maineiacs, a semiprofessional hockey team based in Lewiston. The Maineiacs are part of the Quebec Major Junior Hockey League.
"We helped integrate some of the things they were doing, like game day operations, with the junior hockey program to make sure things worked well together," Cain said.
City Administrator Bennett said earlier this month that two groups were interested in taking the ice arena off of the city's hands. The Lewiston Urban Civic Center Enterprise, LLC's board of directors, met Tuesday morning to review offers for the facility and councilors met for more than an hour behind closed doors Tuesday night to get an update. The LUCCE board, which includes city officials and members of the Maineiacs management group, manages the arena for the city.
Nobody from the city or the Lewiston Maineiacs would say or confirm which groups have made offers for the arena.
Lewiston Maineiacs Vice President Matt McKnight said the team is not interested in purchasing the arena, but has worked with one group that is.
"It's not our goal to be in the building business," McKnight said. "We're just trying to insure the team's interests will be handled fairly."
McKnight said he would know more within a couple of weeks.
Brian Petrovek, managing owner of Portland Pirates LLC, said his group has been interested in the Colisee for the last five years. But Petrovek would not say if his group is involved in discussions with the city currently. "We've had ongoing discussions going back many, many years and we've kept our eyes on the situation all along," Petrovek said. "We know that the Colisee is a building that could have continued success. That's where our interest lies."
The city has owned the former Central Maine Civic Center since February 2004 when it agreed to take on $4.2 million in debt and management of the center, including day-to-day operations and repairs.
Councilors gave the Colisee $650,000 in 2007 to cover two years worth of operational losses at the ice rink. That's on top of $3.2 million worth of building and equipment upgrades since the city took over.
Improvements included a $2 million facade and building addition, and interior work in 2005; and a new ice resurfacer, a portable stage, an improved compressor, boiler repairs and bathroom upgrades in 2006. The city owes $5.7 million for the Colisee and improvements.
The city began looking for potential buyers in May 2007, but received only one offer before a June 29 deadline. Two other parties sounded interested after the deadline, however.
A deal with either would mean much less city spending in the coming year. The city's draft budget for fiscal 2009 calls for $488,000 in Colisee spending. |
CLICK HERE To Show/Hide Discussion Thread - (11 Comments)
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Posted By:Jeff at March 26, 2008 8:08 AM (Suggest Removal) At least progress is being made to possibly put the rink ownership back in private hands. Now as long as the City gets a fair deal..
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Posted By:Reg at March 26, 2008 8:32 AM (Suggest Removal) I would like to see the Arena as it was in its heyday bringing concerts back like in the 1970s... Anybody remember? Boston, Aerosmith, Joe Walsh, Charlie Daniels Band, Bruce Springsteen, ZZ Top, Styx, Uriah Heep, Lynyrd Skynyrd, Blue Oyster Cult...
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Posted By:Lincoln at March 26, 2008 9:09 AM (Suggest Removal) The venue is too small to attract those events that you would want today.
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Posted By:BEN HARRISON at March 26, 2008 11:31 AM (Suggest Removal) Cant wait to see the givaway price the super smart city of Lewiston gets for the Colisee Maybe they will throw in the Bates mill for free!!!!
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Posted By:reginald at March 26, 2008 11:54 AM (Suggest Removal) 6 million dollars the city has spent so far. MONEY PIT?
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Posted By:Marc at March 26, 2008 12:08 PM (Suggest Removal) $6 million spent so far? Any idea on the income produced since the city has taken it over? And prior to any upgrades, the building was falling apart in so many ways. There is also no specific way to know how much $$$ has been gen'd for local businesses, which means jobs.
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Posted By:Lincoln at March 26, 2008 12:30 PM (Suggest Removal) Reg..closer to $8 Million in bonds alone plus the annual bail out which averages a half million a year, closer to 10 million total so far at least, plus interest on the bonds!
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Posted By:Gary at March 26, 2008 2:14 PM (Suggest Removal) Properly managed, the facility should basically take care of itself financially, as those entities expressing interest in buying it indicate. The problem is that our City leaders, as smart as they think they are, are not qualified to be in the real estate business. It's just so easy when you are spending taxpayer money and not your own.
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Posted By:Lincoln at March 26, 2008 2:30 PM (Suggest Removal) There has never been a facility like this that made money. At best you might cover anual operations but not the bond debt. But please gary show us your business wisdom.
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Posted By:Chad at March 26, 2008 8:09 PM (Suggest Removal) So...basically...the taxpayers have footed about $10 Million, will be lucky to get back $2 Million, and will take like 40 years of tax revenues to make back the lost investment. But hey, people who attend the games are spending money at local restaurants
(in Auburn)
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Posted By:LA Fan at March 27, 2008 11:52 AM (Suggest Removal) Gary, you mention about the building not being managed properly. That may or may not be the case but don't you think that it is pretty hard for the managers there to bring events here when customers aren't coming to the events they have? 1800 people at a Maineiacs playoff game is disgraceful, especially when the team is in your backyard.
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