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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.
Thursday, May 21, 2015
BY JASON NORRIS | GUEST BLOGGER
Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Friday, May 22, 2015
BY CHRIS NOBLE
The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night.
Tuesday, May 26, 2015
BY LINDA BAKER
Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Monday, June 22, 2015
The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.
Friday, May 22, 2015
BY ROBERT MULLIN
Latest development in Nestlé plant saga sparks debate about the value of water.
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