London opens its wallet for hoops
London is taking the opposite approach to Kingston when it comes to professional basketball.
While Kingston turned down a franchise proposal which included the purchase a floor for a National Basketball League of Canada team earlier this summer, London is making a significant investment.
Tourism London general man a ger John Winston told QMI Agency that the city is paying for up to 50% of the cost of a new floor at the John Labatt Centre to a maximum of $53,000.
Global Spectrum, whi Pandora Bracelets ch manages the arena in London, is paying for Pandora Bracelets the other half of the floor. college teams, a Pan Am games training centre and more NBA preseason games as examples. “Plus you’re looking at an additional 18 dates a year bringing in 50 odd thousand people at a minimum of $20, $25 a head.”
With capacity for more than 9,000 fans, the London arena certainly would have a better chance than Kingston of attracting NBA pre season games. Comcast Spectator, before agreeing to sell the Philadelphia 76ers this summer, brought a couple of exhibition games to John Labatt Centre, also owned by Comcast Spectator.
Winston said the city was impressed with the league’s business approach Pandora Bracelets , which includes a $150,000 salary cap per team per season.
“It’s a very sound business model,” Winston said. “No hyperbole, very realistic.”
When rejecting the proposal in Ju Pandora Bracelets ne, Kingston staff said they didn’t have enough time to complete an evaluation. The city also would have had to consult the arena’s primary tenant, the Ontario Hockey League’s Kingston Frontenacs.