Home Back Issues March 2011 University of Oregon stadium events sizzle

University of Oregon stadium events sizzle

| Print |  Email
Articles - March 2011
Monday, February 28, 2011
0311_UOStadium_01
(Clockwise from top left:)Serena Williams, Rafael Nadal, Maria Sharapova, and Roger Federer.
0311_UOStadium_02
Elton John (performing here in 2010 in Minsk, Belarus) played at the Knight Arena on February 17.
Love it or hate it, the strange floor at the University of Oregon’s new basketball arena is definitely eye-catching. It is also removable. Once the ball game ends, preparations can begin to ready the facility for everything from bull riding to the Eugene Symphony. The facility has four separate loading docks for bringing in drum sets, monster trucks and whatever else might be required.

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.

BEN JACKLET
 

More Articles

What I'm reading: Brad Smith & Travis Boersma

March 2014
Tuesday, February 25, 2014

Brad Smith, founder of Hot Pepper Studios, and Travis Boersma, president of Dutch Bros. Coffee, share their recent reads.


Read more...

Rapid ascent

March 2014
Tuesday, February 25, 2014
IMG 4255-2BY AMY MILSHTEIN

Kelly Dachtler, president of The Clymb, redefines outdoor retail.


Read more...

Spreading the wealth

March 2014
Tuesday, February 25, 2014
HiResBY PAIGE PARKER

A money management firm broadens its reach. 


Read more...

How to boost web traffic

News
Thursday, April 10, 2014
BY JESSICA RIDGWAY  | OB WEB EDITOR

04.10.14 thumb seo-trafficSEMpdx hosted a workshop this week for entrepreneurs, website developers and others interested in search engine optimization (SEO).  Here are a few tips and tricks aimed at bumping up your search engine rankings.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

The 2014 100 Best Companies to Work for in Oregon

News
Friday, February 28, 2014

100best14logo ThumbnailThe 21st annual 100 Best Companies to Work For in Oregon list was announced Thursday night at an awards dinner at the Oregon Convention Center.


Read more...

Small business sales go big

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.

BTNMarch14 tableBTNMarch14 line


BTNMarch14 piePDXBTNMarch14 pieUSA


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS