Skip to main content

For Barclays Center, most events outside pro sports draw modest crowds (except concerts, also most profitable)

The Nets and Islanders don't fill the Barclays Center, as I reported, with actual gate count significantly less than announced attendance (and maybe worse, for the Islanders).

And--guess what--most other events don't even come close. Also, concerts are lots more profitable than anything else (though the business can be fickle).

That emerged in the Official Statement released last August for the refinancing of the Barclays Center bonds. It suggests why most (but hardly  all) events cause fewer neighborhood ripples than once feared.

We've long known some reasons regarding the impact of Nets basketball games: notably, the number of New Jersey-based fans driving to the arena diminished, as fandom declined during the team's long goodbye, and more Brooklyn-based fans, including those who walk, went to games.

Beyond that, the arena shrank from a once-contemplated 20,000-seat venue to instead hold 17,732 for basketball games, which, even with sellouts, typically means fewer than 15,000 attendees.

I reported last August thanks to the Official Statement,  that even when the Nets averaged more than 17,000 reported attendance, that meant 14,900 in the building. Last year's figures, reported at 15,125, actually meant about 11,622 people. Real hockey attendance was 11,200--or maybe 10,200.

What about other events?

Other events, as the excerpt below shows, draw far fewer people.

According to consultant Convention, Sport & Leisure (CSL), the arena has averaged about 5,000 people for family shows, boxing, and college basketball. (Presumably there's much higher attendance at college tournaments and lower attendance at games featuring Long Island University.)

Concerts generally attract more than 10,000 people, though in the first nine months several sellouts boosted average attendance toward 12,000.

This contrasts somewhat with the 2006 Final Environmental Impact Statement, written before the arena was downsized. It stated, in the Executive Summary:
The arena would host a variety of events. The arena would seat 18,000 persons for basketball games. While there is the potential for additional seating capacity for non-game events (to 19,925 seats if wheelchair seating is replaced by regular seating), Americans with Disabilities Act (ADA) accessibility, production equipment, and line of sight, operational and staging requirements would in almost all instances limit attendance at non-basketball events to well under 18,000. Non-game events are expected to attract fewer spectators than basketball events, with attendance generally ranging from 5,000 persons to 15,000 persons.
(Emphasis added)

That's a reasonable range, but we now know that attendance clusters toward the lower end of the range for most evens that are not concerts.

Concerts bring the profits

Nearly all the events were profitable--note that this doesn't count other revenues, like sponsorships or concessions-- but there were big differences.

Concerts made the most profit, both in sheer numbers as well as a percentage of revenue, peaking at $12.8 million in the second year of operation but dipping to $6.3 million in the next year. In the arena's second year of operation, boxing and family shows were slightly in the red.

So we can see why arena managers would like to focus on "big" concerts. That's where the money is. It's not necessarily clear, however, that if the Islanders leave how many concerts will fill those dates.

Another thing to watch for: the closing of the circus--15 performances in nine days this year--means the arena likely will seek a substitute for that family show demographic.


Popular posts from this blog

Barclays Center/Levy Restaurants hit with suit charging discrimination on disability, race; supervisors said to use vicious slurs, pursue retaliation

The Daily News has an article today, Barclays Center hit with $5M suit claiming discrimination against disabled, while the New York Post headlined its article Barclays Center sued over taunting disabled employees.

While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.

Two individual supervisors, for example, are charged with  referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”

Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”

There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…

Behind the "empty railyards": 40 years of ATURA, Baruch's plan, and the city's diffidence

To supporters of Forest City Ratner's Atlantic Yards project, it's a long-awaited plan for long-overlooked land. "The Atlantic Yards area has been available for any developer in America for over 100 years,” declared Borough President Marty Markowitz at a 5/26/05 City Council hearing.

Charles Gargano, chairman of the Empire State Development Corporation, mused on 11/15/05 to WNYC's Brian Lehrer, “Isn’t it interesting that these railyards have sat for decades and decades and decades, and no one has done a thing about them.” Forest City Ratner spokesman Joe DePlasco, in a 12/19/04 New York Times article ("In a War of Words, One Has the Power to Wound") described the railyards as "an empty scar dividing the community."

But why exactly has the Metropolitan Transportation Authority’s Vanderbilt Yard never been developed? Do public officials have some responsibility?

At a hearing yesterday of the Brooklyn Borough Board Atlantic Yards Committee, Kate Suisma…

No, security guards can't ban photos. Questions remain about visibility of ID/sticker system.

The bi-monthly Atlantic Yards/Pacific Park Community Update meeting June 14, held at 55 Hanson Place, addressed multiple issues, including delays in the project, a new detente with project neighbors,concerns about traffic congestion, upcoming sewer work and demolitions, and an explanation of how high winds caused debris to fly off the under-construction 38 Sixth Avenue building. I'll have more coverage.
Security issues came up several times at the meeting.
Wayne Bailey, a resident who regularly takes photos and videos (that I often use) of construction/operations issues that impact residents, asked representatives of Tishman Construction if the security guard at the sites they're building works for them.
After Tishman Senior VP Eric Reid said yes, Bailey asked why a guard told him not to shoot video of the site, even though he was on a public street.

"I will address it with principals for that security firm," Reid said.
Forest City Ratner executive Ashley Cotton, the …

Atlantic Yards/Pacific Park graphic: what's built/what might be coming + FAQ (post-dated pinned post)

This graphic, posted in February 2018, is post-dated to stay at the top of the blog. It will be updated as announced configurations change and buildings launch. Note the unbuilt B1 and the proposed--but not yet approved--shift in bulk to the unbuilt Site 5.

The August 2014 tentative configurations proposed by developer Greenland Forest City Partners will change. The project is already well behind that tentative timetable.

How many people are expected?

Atlantic Yards/Pacific Park has a projected 6,430 apartments housing 2.1 persons per unit (as per Chapter 4 of the 2006 Final Environmental Impact Statement), which would mean 13,503 new residents, with 1,890 among them in low-income affordable rentals, and 2,835 in moderate- and middle-income affordable rentals.

That leaves 8,778 people in market-rate rentals and condos, though let's call it 8,358 after subtracting 420 who may live in 200 promised below-market condos. So that's 5,145 in below-market units, though many of them won…

The passing of David Sheets, Dean Street renter, former Freddy's bartender, eminent domain plaintiff, and singular personality

David Sheets, longtime Dean Street renter, Freddy's bartender, eminent domain plaintiff, and singular personality, died 1/17/18 in HCA Greenview Hospital in Bowling Green, KY. He was 56.

There are obituary notices in the Bowling Green Daily News and the Wichita Eagle, which state:
He was born in Wichita, KS where he attended public Schools and Wichita State University. He lived for many years in Brooklyn, NY, and was employed as a legal assistant. David's hobby was cartography and had an avid interest in Mass Transit Systems of the world. David was predeceased by his father, Kenneth E. Sheets. He is survived by his mother, Wilma Smith, step-brother, Billy Ray Smith and his wife, Jane all of Bowling Green; step-sister, Ellen Smith Alexander and her husband, Jerry of Bella Vista, AR; several cousins and step-nieces and step-nephews also survive. Memorial Services will be on Monday, January 22, 2018 at 1:00 pm with visitation from 10:00 am to 1:00 pm Monday at Johnson-Vaughn-Phe…

Some skepticism on Belmont hockey deal: lease value seems far below Aqueduct racino; unclear (but large?) cost for LIRR service

As I wrote for The Bridge 12/20/1, The Islanders Say Bye to Brooklyn, But Where Next?, the press conference announcing a new arena at Belmont Park for the New York Islanders was "long on pomp... but short on specifics."

Notably, a lease valued at $40 million "upfront to lease up to 43 acres over 49 years... seems like a good deal on rent for the state-controlled property." Also, the Long Island Rail Road will expand service to Belmont.

That indicates public support for an arena widely described as "privately financed," but how much? We don't know yet, but some more details--or at least questions--have emerged.

An Aqueduct comparable?

Well, we don't know what the other bid was, and there aren't exactly parcels that large offering direct comparables.

But consider: Genting New York LLC in September 2010 was granted a franchise to operate a video lottery terminal under a 30 year lease on 67 acres at Aqueduct Park (as noted by Gov. Andrew Cuomo).


Barclays Center event June 11 to protest plans to expand Israeli draft; questions about logistics

At right is a photo of a poster spotted in Hasidic Williamsburg right. Clearly there's an event scheduled at the Barclays Center aimed at the Haredi Jewish community (strict Orthodox Jews who reject secular culture), but the lack of English text makes it cryptic.

The website explains, Protest Against Israeli Draft of Bnei Yeshiva Rescheduled for Barclays Center:
A large asifa to protest the drafting of bnei yeshiva in Eretz Yisroel into the Israeli army that had been set to take place this month will instead be held on Sunday, 17 Sivan/June 11, at the Barclays Center in Downtown Brooklyn, NY. So attendees at a big gathering will protest an apparent change of policy that will make it much more difficult for traditional Orthodox Jewish students--both Hasidic (who follow a rebbe) and non-Hasidic (who don't)--to get deferments from the draft. Comments on the Yeshiva World website explain some of the debate.

The logistical questions

What's unclear is how large the ev…