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|Articles - March 2011|
|Monday, February 28, 2011|
It’s a good thing. For all the hype surrounding the debut of the new 12,500-seat Matthew Knight Arena, the men’s basketball team has struggled, and ticket sales have been slower than expected. But the non-Duck events are proving to be a slam dunk.
Not surprisingly, the Elton John concert sold out quickly. Then came the jaw-dropping news that tennis icons Roger Federer, Rafael Nadal, Serena Williams and Maria Sharapova would play a series of exhibition matches in March, organized by Nike. That event sold out in less than an hour. Future shows are expected to range from monster truck rallies to Cirque du Soleil.
“It used to be that there wasn’t a facility in Oregon outside of Portland that could house these events,” says Mike Duncan, who was hired to bring in high-profile acts. “We saw an opportunity.”
Prior to moving to Eugene, Duncan worked for 24 years at the Arco Arena in Sacramento, a similar venue in that it fills a gap that was not filled prior. Duncan says the plan is to host 30-50 special events at the arena in the first year and to increase that number over time. “Our schedule is looking good and customer demand is strong,” he says.
Jamie Moffitt, the UO athletic department’s finance chief, says a net profit of about $20,000 per special event can bring about a million dollars per year. “These events are an integral part of our revenue stream,” says Moffitt, noting that they also bring in additional money through concessions, merchandise, parking and sponsorships.
A recent audit praised general contractor Hoffman Construction for finishing the stadium on time and under budget. The project was financed with $200 million in state revenue bonds and boosted by a $100 million gift from Nike founder Phil Knight. The mandate from UO President Richard Lariviere is that the arena must be self-sustaining, receiving no general fund revenues from the university.
Wednesday, August 27, 2014
BY LEE VAN DER VOO
By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.
Friday, September 12, 2014
BY TOM COX | OB BLOGGER
I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Friday, September 19, 2014
BY TOM COX | OB BLOGGER
How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?
Thursday, September 25, 2014
BY LORI TOBIAS
Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.
Tuesday, August 26, 2014
BY VIVIAN MCINERNY
Craft beer comes to Mount Angel.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
|A Good Leap Forward|
|A Taste of Heaven|
|Fast Food Slows Down|
|Tight and Loose|
|Startup or Grow Up?|
|U.S. private payrolls increase|
|U.S. construction spending declines in August|
|Johnson & Johnson to acquire Alios BioPharma|
|JAB Holding to buy Einstein Noah|
|DreamWorks Animation may have a Japanese suitor|
|Yahoo, AOL propose merger|
|Cadillac brand to rename its vehicles|
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