University of Oregon officials are adjusting budgets after the new Matthew Knight Arena has failed to meet revenue expectations across the board. Â While it’s normal to readjust budgets after a facility opens, the fact that revenues failed to reach expectations across the board is a vindication for arena foes, who claimed projections were rosy, […]
Tag Archives | budget
Bangor arena may go to vote
{jathumbnail off} A proposed Bangor (Maine) arena is garnering opposition and could go before voters via referendum — but the city is exploring whether to do a referendum anyway. A citizens group is opposing the arena, saying the $80 million cost is too much and that it relies too heavily on revenues generated by a […]
Price tag for new Bangor arena: $70-80 million
{jathumbnail off} The price tag for a proposed Bangor (Maine) arena and convention center is between $70 million and $80 million — pretty standard these days, maybe even a little on the low side — but several members of the City Council said they were surprised by the amount. The price estimate came from Cianbro […]
