Town Toyota Center

Last updated
Town Toyota Center
Town Toyota Center
Former namesGreater Wenatchee Regional Event Center (2007–2008)
Town Toyota Arena (2008)
Location1300 Walla Walla Avenue
Wenatchee, Washington
98802
OwnerWenatchee PFD
OperatorWenatchee PFD
Capacity Basketball: 5,000
Ice hockey/Arena football: 4,300
Concert: 5,800
Construction
Broke groundSeptember 12, 2006 [1]
OpenedOctober 5, 2008 [2]
Construction cost$52.8 million
($74.7 million in 2023 dollars [3] )
ArchitectSink Combs Dethlefs [4]
Project managerInternational Coliseums Company [5]
Structural engineerMartin/Martin Consulting Engineers [6]
Services engineerM-E Engineers. Inc. [6]
General contractor Hunt Construction Group [7]
Tenants
Wenatchee Wild (BCHL) / Wenatchee Wild (WHL) (2008–present)
Wenatchee Valley Skyhawks (AWFC) (2019–present)
Wenatchee Bighorns (The Basketball League) (2023–present)
Wenatchee Fire FC (PASL-Pro) (2008)
Wenatchee Valley Venom (AIFA/IFL) (2010–2011)
Wenatchee Wolves (NPHL) (2014–2016)

Town Toyota Center is a 4,300-seat multi-purpose arena in Wenatchee, Washington. The arena was built and is owned and managed by the Wenatchee Public Facilities District (PFD). It is the home venue of the Wenatchee Wild, an ice hockey team in the Western Hockey League, the Wenatchee Valley Skyhawks, an arena football team, and the Wenatchee Bighorns, a semi-professional basketball team. It was formerly home to the Wenatchee Wolves, Wenatchee Fire FC and the Wenatchee Valley Venom.

Contents

During planning and early construction, the arena was known as the Greater Wenatchee Regional Events Center, but in August 2008, a local auto dealer bought the naming rights of the arena for an undisclosed amount, giving the arena its current name.

Default

In 2006, nine local cities and counties formed a municipal corporation then called the Greater Wenatchee Regional Events Center Public Facilities District to fund the Town Toyota Center. [8] The arena went into default on December 1, 2011, when the PFD missed a payment on short term bond anticipation notes. The district was later fined by the Securities and Exchange Commission for misleading investors. It was the first time that the SEC assessed a financial penalty against a municipal issuer. The district settled with the SEC for $20,000. [9] [10] In 2012, legislation was passed and signed by Governor Gregoire to authorized a local sales tax increase to refinance the debt. [11] The default was the largest public default in Washington State since the WPPSS disaster of 1982 that defaulted on $2.25 billion in bonds. [12] In the fine the SEC also named the developer Global Entertainment and its then-president and CEO Richard Kozuback, the bankers, and a staff finance manager.

Notable events

See also

Related Research Articles

<span class="mw-page-title-main">Lakewood Church Central Campus</span> Formerly a sports arena and now the main facility of a megachurch in Houston, Texas, U.S.

The Lakewood Church Central Campus is the main facility of Lakewood Church, a megachurch in Houston, Texas, five miles southwest of Downtown Houston and next to Greenway Plaza.

<span class="mw-page-title-main">Nationwide Arena</span> Arena in Columbus, Ohio, United States

Nationwide Arena is a multi-purpose arena in the Arena District of Columbus, Ohio. Since completion in 2000, the arena has served as the home of the Columbus Blue Jackets of the National Hockey League (NHL). It is one of two facilities in Columbus, along with Greater Columbus Convention Center, that hosts events during the annual Arnold Classic, a sports and fitness event hosted by actor, bodybuilder, and former Governor of California Arnold Schwarzenegger.

<span class="mw-page-title-main">Gas South Arena</span> Indoor arena in Duluth, Georgia, U.S.

The Gas South Arena is an indoor arena in Duluth, Georgia. It is located approximately 22 miles (35 km) northeast of Atlanta. The arena is one of the many venues within the "Gas South District", which also includes a convention center with an events hall and a performing arts center.

<span class="mw-page-title-main">Yuengling Center</span> Indoor arena in Florida, United States

Yuengling Center is an indoor arena on the main campus of the University of South Florida (USF) in Tampa, Florida. Construction began in November 1977, and it opened in November 1980. It is located in USF's Athletics District on the southeast side of campus, and is home to the South Florida Bulls men's and women's basketball and volleyball teams, as well as USF's commencement ceremonies and other school and local events. With 10,500 seats, it is the third-largest basketball arena by capacity in the American Athletic Conference.

<span class="mw-page-title-main">Bon Secours Wellness Arena</span> Arena in Greenville, South Carolina, United States

Bon Secours Wellness Arena is a multi-purpose arena in Greenville, South Carolina, United States. The arena serves as the home of the Greenville Swamp Rabbits of the ECHL.

<span class="mw-page-title-main">Columbus Civic Center</span> Aena in Columbus, Georgia, U.S.

Columbus Civic Center is a 10,000-seat multi-purpose arena in Columbus, Georgia, built in 1996.

<span class="mw-page-title-main">ICCU Dome</span> Athletic stadium at Idaho State University

The ICCU Dome is an indoor multi-purpose athletic stadium in the western United States, located on the campus of Idaho State University (ISU) in Pocatello, Idaho. It is the home field of the Idaho State Bengals of the Big Sky Conference and sits at an elevation of 4,560 feet (1,390 m) above sea level.

<span class="mw-page-title-main">Simmons Bank Arena</span> Indoor arena in North Little Rock, Arkansas

Simmons Bank Arena is an 18,000-seat multi-purpose arena in North Little Rock, Arkansas, directly across the Arkansas River from downtown Little Rock. Opened in October 1999, it is the main entertainment venue serving Central Arkansas.

<span class="mw-page-title-main">Bender Arena</span>

Bender Arena is a 4,500-seat multi-purpose arena in Washington, D.C. The arena opened in 1988. It is home to the American University Eagles basketball, volleyball and wrestling teams.

<span class="mw-page-title-main">Spokane Arena</span> Multi-use indoor arena in Spokane, Washington

Spokane Veterans Memorial Arena is a multi-purpose arena in the northwestern United States, located in downtown Spokane, Washington. Opened in 1995, it is home to the Spokane Chiefs of the Western Hockey League (WHL).

<span class="mw-page-title-main">Landers Center</span> Arena in Mississippi, United States

The Landers Center is an 8,400-seat multi-purpose arena in Southaven, Mississippi. It is home to the Memphis Hustle of the NBA G League, a minor league basketball team affiliated with the Memphis Grizzlies.

<span class="mw-page-title-main">Selland Arena</span> Multi-purpose arena in Fresno, California

Selland Arena is a multi-purpose arena built in 1966 that makes up part of a four-venue complex of the Fresno Convention and Entertainment Center in Fresno, California. It is named after former Fresno mayor Arthur L. Selland and has had over 10 million people walk through its doors in its over 50-year history. The arena originally had a 6,582 seating capacity, but a US$10 million expansion project in 1981 increased the seating to its current capacity of 10,132. Before the 1997-1998 Fresno State basketball season, capacity was increased to 10,220. The Selland Arena underwent an additional $15 million renovation in November 2006, that included the installation of new seats, a new video replay scoreboard, message boards and a new ice-cooling system for hockey games.

<span class="mw-page-title-main">EagleBank Arena</span> Multi-purpose complex

EagleBank Arena is a 10,000-seat arena in the eastern United States, on the campus of George Mason University in Fairfax, Virginia, a suburb southwest of Washington, D.C.

<span class="mw-page-title-main">Charles E. Smith Center</span> Multipurpose arena in Washington, D.C.

The Charles E. Smith Center is a 5,000-seat multipurpose arena in Washington, D.C. Opened on November 17, 1975, it is home to the George Washington Revolutionaries men's and women's basketball teams, as well as the university's swimming, water polo, gymnastics, and volleyball teams. From 2014 to 2018, it was the home of the Washington Kastles of World TeamTennis. Smith Center also became the temporary home of the Washington Mystics as they made a run at a WNBA Championship in 2018. Smith Center is located on the main George Washington campus in Foggy Bottom, on the block bounded by 22nd and 23rd and F and G Streets NW. The arena also has hosted concerts and includes practice courts, a swimming pool, a weight room, and athletic department offices.

<span class="mw-page-title-main">Findlay Toyota Center</span> Multi-purpose arena in Prescott Valley, Arizona

The Findlay Toyota Center is a 5,100-seat multi-purpose arena located at 3201 North Main Street in Prescott Valley, Arizona.

<span class="mw-page-title-main">Brick Breeden Fieldhouse</span> Montana, United States indoor arena

The Brick Breeden Fieldhouse is a multi-purpose indoor arena in the western United States, located on the campus of Montana State University in Bozeman, Montana. It is the home of the Montana State Bobcats of the Big Sky Conference; the primary venue for men's and women's basketball and indoor track and field.

<span class="mw-page-title-main">Alliant Energy PowerHouse</span> Building in Iowa, United States

Alliant Energy PowerHouse is a multi-purpose arena located in the downtown area of Cedar Rapids, Iowa. It was financed by the approval of a voter referendum to allocate special municipal capital improvement bond monies, after several prior bond referendums to build a civic center failed between 1965 and 1977. The initial construction cost was approximately $7 million for the arena and facilities. The city approved an additional $1 million to build an adjacent multi-level parking facility connected to the center by a skywalk. The center is adjoined by a 16-story DoubleTree hotel facility built directly above the arena.

<span class="mw-page-title-main">Value City Arena</span> Multi-purpose arena in Columbus, Ohio, United States

Value City Arena is a multi-purpose arena, located on the campus of Ohio State University, in Columbus, Ohio, United States. The arena opened in 1998 and is currently the largest by seating capacity in the Big Ten Conference, with 19,049 seats, which is reduced to 18,809 for Ohio State men's and women’s basketball games.

<span class="mw-page-title-main">Toyota Center (Kennewick, Washington)</span> Multi-use indoor arena in Kennewick, Washington

The Toyota Center is a multi-purpose arena in the northwest United States, located in Kennewick, Washington.

<span class="mw-page-title-main">Denny Sanford Premier Center</span> Arena located in Sioux Falls, South Dakota

The Denny Sanford Premier Center is an indoor arena in Sioux Falls, South Dakota. The building is located at 1201 North West Avenue, and is connected to the Sioux Falls Arena and Sioux Falls Convention Center. The Arena's naming rights partners, and largest sponsors, are Sanford Health, First Premier Bank and Premier Bankcard.

References

  1. ↑ New Events Centre Penticton – Castanet.net – John Thomson Report
  2. ↑ Builder Global Entertainment will manage the $52.8M center for a public facilities district in Wenatchee – Puget Sound Business Journal
  3. ↑ 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–" . Retrieved February 29, 2024.
  4. ↑ Greater Wenatchee Town Toyota Center
  5. ↑ http://www.globalentertainment2000.com/images/docs/gpi%20brochure1.pdf [ dead link ]
  6. 1 2 "GLOBAL ENTERTAINMENT CORP, Form 10-K, Annual Report, Filing Date Aug 29, 2008". secdatabase.com. Retrieved May 15, 2018.
  7. ↑ http://huntconstructiongroup.com/images/stories/projects/arenas/towntoyota.pdf [ bare URL PDF ]
  8. ↑ "MRSC – Public Facilities Districts (PFDs)". mrsc.org. Retrieved 2017-02-21.
  9. ↑ Corkery, Michael (2013-11-05). "SEC Fines a Muni Bond Issuer for First Time; Underwriter Penalized". The Wall Street Journal. ISSN   0099-9660 . Retrieved 2017-02-21.
  10. ↑ "SEC.gov | SEC Charges Municipal Issuer in Washington's Wenatchee Valley Region for Misleading Investors". sec.gov. Retrieved 2017-02-21.
  11. ↑ "Wenatchee-Area Default Results In New Reform Law". NPR.org. Retrieved 2017-02-21.
  12. ↑ "Washington Public Power Supply System (WPPSS) – HistoryLink.org". historylink.org. Retrieved 2017-02-21.
  13. ↑ "86552-3 – In re Bond Issuance of Greater Wenatchee Reg'l Events Ctr. File Date 10/25/2012". courts.mrsc.org. Retrieved 2017-02-21.

47°26′32″N120°19′18″W / 47.442326°N 120.3217185°W / 47.442326; -120.3217185

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.