Supporters of a proposed arena for downtown Jackson made their case yesterday at the Jackson Convention Complex. A steering committee featuring many area business leaders is trying to raise $80,000 to fund the first phase of a feasibility study for the project.
Jackson Chamber of Commerce President Jonathan Lee and Downtown Jackson Partners President Ben Allen both said that they believe Jackson could support a 15,000-seat arena.
"The fact of the matter is that this has been done all over the country," Lee said. "And while it may be true that the early bird gets the worm, it's also true that the second mouse gets the cheese."
Allen said that Jackson's location on two major interstates would make it easy for the city to host large touring acts, if it had the proper size venue. The Mississippi Coliseum holds 6,500 permanent seats and can accommodate up to 10,000 people with temporary seating, but at 48 years old, its luster has worn off.
The arena push has its roots in a July 2008 trip to Little Rock, Ark., that Downtown Jackson Partners sponsored. North Little Rock's 18,000-seat Verizon Arena inspired a group from that trip to form the arena steering committee. In July 2009, it selected Populous Sports, a design and consulting firm specializing in sports venues, to handle the feasibility study.
Allen emphasized that the steering committee has made its activities as transparent as possible. The committee's original request for proposals, Populous' winning proposal and the committee's contract with Populous are all available for download on the pro-arena group's website. .
North Little Rock Mayor Patrick Hays told attendees at yesterday's event that public support was essential to getting his city's arena built. Supporters of the Little Rock arena marketed it as part of a larger "river project," spanning both sides of the Arkansas River and including a $20 million expansion of Little Rock's convention center. The arena cost $82 million to complete, with $20 million coming in private-sector contributions and $20 million pledged by the Arkansas state Legislature.
The bulk of the cost, $52 million, came from a one-year, 1-cent tax increase approved in a referendum by Pulaski County voters.
The arena's general manager, Michael Marion, said that he believed Jackson needed a major entertainment venue. Marion cautioned, however, that arena supporters needed to have realistic expectations about the project. Verizon Arena has only been profitable in six of its 10 years of operation.
While North Little Rock's arena itself is not a "cash cow" for the city and county, it provides economic benefits in sales taxes and increased revenue for surrounding businesses, Marion said. North Little Rock's arena pays roughly $1 million in property taxes per year and employ 22 people on a full-time basis.
The Jackson fundraising effort is roughly $30,000 away from its $80,000 target. The initial campaign will pay for the first phase of the feasibility study, which determines market demand in Jackson. A second phase would assess possible locations and develop financing possibilities. Allen said that he expects Jackson's arena to cost more than the Little Rock facility but that cost concerns are not necessarily important.
"What something costs is irrelevant," Allen said. "It's relative to the wealth it creates. Do people complain about how much Trustmark Park (in Pearl) cost today? No. This is part of the process that will be in Phase II. Phase I will determine one thing: Will a major arena work in downtown Jackson or not?"
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