Wednesday, May 27, 2020

City, Spectra moving into negotiations

The Telegraph-Journal is reporting (paywall) that Global Spectrum (now "Spectra"), one of North America's largest arena management companies, will enter into negotiations with the City of Saint John for the lease and operation of TD Station.

The company was one of four groups that responded to the city's expression of interest to either purchase or lease the arena. Mayor Don Darling told the Telegraph-Journal that this means the other three groups are out of the running to either purchase or lease the building.

Spectra currently manages OHL rinks in London, Hamilton, Oshawa and Windsor, three of which - the exception being Hamilton - are considered to be among the most modern in junior hockey. The company also manages the WHL arena in Everett (which was recently named the best arena in the CHL by @chl_discussion on Instagram) along with a number of current and former AHL and NCAA facilities.

Given the COVID-19 situation, it's good to see this process still moving forward. And given the COVID-19 situation, it's hard to say when (if all goes all) this deal will be finalized.

While there are plenty of question marks around what this deal may mean for TD Station - most fans are probably wondering about potential upgrades to the nearly 30-year-old facility and the possibility of more major events coming to the city  - but having a global brand take over the building certainly seems like a good thing.

Spectra must still honour the existing contracts in place with the Sea Dogs and TD, reports the Telegraph-Journal.

JSM Sports Entertainment Inc. (the Scott McCain led organization), ASM Global (the company that manages Moncton's Avenir Centre) and Nustadia Recreation Inc. had also expressed interest in TD Station.

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