Study claims circus arena should be saved
from: mysuncoast.com
by Josh Taylor
Mon Feb 18, 2013.
VENICE, Fla. - The debate ove whether to tear down or rebuild the old circus arena in Venice is heating up again. Now those working to save it say a new independent feasibility study just released indicates promise.
"Yes, it is exciting." Larry Ivey with the Venice Circus Arts Foundation is armed with the study. He says it shows a rebuilt arena would be a valuable asset to the city. Using demographics, incomes, and potential uses the research claims it would generate an average of $2 million dollars a year for the first 10 years. "In three years it starts to make money."
The study conducted by Economic Consulting Services indicates that in order to meet the projections the arena would have to be used 32% of the time; things like circus and trade shows, sporting events, concerts and dinners...maybe even house a museum. "The demographics show that the wealth is here in the area."
The belief is that it would cost nearly $12 million to tear down parts and restore the former winter quarters of the Ringling Brothers and Barnum and Bailey Circus.
Venice Mayor John Holic says he's not sure it's possible. "The part that I looked at had nothing to do if it was feasible to reconstruct this building. Is it financially feasible?"
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