Arena's luxury boxes mean luxury parking
Local News - Wednesday, March 21, 2007 Updated @ 11:43:39 PM
By Jordan Press
Whig-Standard Staff Writer
Suite-holders in the new sports and entertainment centre will have an added luxury: nearby parking spaces.
Forty-nine parking spaces will be set aside in a nearby municipal lot for holders of the available suites.
The suites go up for grabs today as the arena’s operator hosts a lottery for companies and organizations interested in holding the rights to the 26 available suites.
According to the promotional package from the city and operator Arcturus/SMG, 23 of the suites will receive two free parking spots near the site.
Three “bronze” level suites will have one free spot each. Holders of the bronze suites can purchase additional spaces near the arena site.
The package states that the location of the parking spots will be announced in the coming weeks.
Last summer,the city received $1,000 deposits from 41 individuals and businesses interested in leasing a suite in the arena. Representatives of each will be at the lottery today at the Officer’s Mess at Fort Frontenac. Only those with an invitation will be allowed in.
Those who earn a suite through the lottery must pay the city an additional $2,500 to secure their suite selection, with the balance due in November. Failed bidders will have their deposit refunded and will go into another lottery being held tonight to determine the waiting lists for suites as they become available in the future.
Suite prices range from $22,875 per year for a 10-seat, centre-ice “platinum” suite to $15,000 for an eight-seat corner suite.
The arena will have 29 suites in total. Of the remaining three, one will go to the Kingston Frontenacs hockey team for its use, another to the holder of the naming rights and the final one to the city, which will be used for community organizations.
The arena is scheduled to host its first event in January 2008.