Blue Jackets Pushing for Arena Buyout
The cash-strapped Columbus Blue Jackets are pushing for the county to buy Columbus, OH’s Nationwide Arena . Business First of Columbus reports:
Nationwide Arena is owned by a partnership of Nationwide Insurance and Dispatch Printing Co., with the insurer holding a 90 percent stake. The Blue Jackets lease the nine-year-old arena and operate it, but revenue from events isn’t covering operating costs , said Blue Jackets President Mike Priest. That’s forcing the club to take money from hockey operations to make up the difference, he said.
The Blue Jackets are proposing the county adopt a “sin tax” (beer, wine and cigarettes) in order for the county to afford the purchase. The nine-year old arena cost $175million to build; all privately financed. Unlike the RBC Center, the Blue Jackets are their building’s only tenant.
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Subway Scoundrel
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John
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Subway Scoundrel
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