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Post by Admin on Nov 1, 2022 13:42:50 GMT -5
As the CSU basketball teams begin their 32nd season of play at the Wolstein Center, what does everyone thinks happens to the Wolstein Center? The only for sure thing is that it is a money pit, being a net loss of several million dollars per year. It seems that each time the university mentions it is planning to take action by demolishing the Wolstein Center in the near future, the university agrees to host a random NCAA championship event (like Fencing, or gymnastics) at the Wolstein center a number of years in the future, and nothing ever happens to the facility.
The facility badly needs a plethora of improvements and renovations, both for maintaining the facility, and for bringing the facility into the 21st century technology wise. It feels that no renovation plans are worth the time and money. It also seems extremely difficult to find any donors willing to donate towards renovations or some sort of new facility.
So, the Superfan asks, what do you think is the best course of action to take with the Wolstein Center?
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Post by frankiemeatballs on Nov 1, 2022 19:39:20 GMT -5
Implode it.
It was beyond repair about 10 years ago and nothing has been done to it since. I think it’s most likely that the land will be repurposed for other campus needs and a new right sized arena will be built elsewhere on campus. But rebuilding a smaller arena on the same site with other uses filling in the block could happen too.
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Post by Admin on Nov 2, 2022 8:29:25 GMT -5
I like the idea. The question remains, why hasn't this been done yet? I think it is because of lack of funding. So the question remains how do we get the funding? The only big donors the University has are Monte Ahuja and the Wolstein family. Is there any chance CSU could ask the public for some funding?
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Post by gbanks on Nov 7, 2022 16:35:59 GMT -5
I would love to see the Wolstein Center replaced.
The arena was completed on November 1, 1991 at a cost of $55 million ($119,856,387.67 today - via the CPI inflation calculator). Bert and Iris Wolstein donated $6.5 million towards the building's construction.
I think we may loosing the window to replace the Wolstein. We are going through a big demographic transition and the cost of capital is only going up from here.
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