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Bridgestone Arena outlines $650'$750 million renovation plan; owners say users will fund project under 2019 agreement
Summary
Bridgestone Arena unveiled early schematics for a multi-phased renovation it said will modernize core systems, expand street-facing concourses and add premium amenities; presenters estimated a $650'$750 million price tag and said the users would fund the work under the 2019 lease arrangement.
Bridgestone Arena officials presented a schematic vision on Sept. 25 to renovate and modernize the 30-year-old venue, expand concourses to meet Broadway and Demumbrian, add premium amenities and seats, and replace core systems. Kyle Clayton, identified in the presentation as chief strategy officer for Bridgestone Arena, said the plan is in early schematic design and that the arena intends to fund the work through users and operations rather than seek public debt, citing the 2019 lease and related agreements.
Clayton presented a budget range of about $650 million to $750 million to cover the capital backlog identified in last year's CAMP report plus new amenity and premium-space investments. "We're not gonna have any public…
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