Mayor Dean Fortin

Ten more years for Save-On-Foods Memorial Centre

RG Properties signs naming rights extension for estimated $900,000.

The timing was right as Save-On-Foods announced a 10 year extension for the naming rights to the city owned Save-On-Foods Memorial Centre, home of the Western Hockey League Victoria Royals.

Save-On-Foods recently expanded from two to six stores across Greater Victoria.

RG Properties built the 7,000-seat rink in 2004, when they signed the original naming rights deal that has now been continued, at a believed cost of $900,000.

The City of Victoria receives a 10 per cent portion of that, a total of $90,000 (interest free) over the 10 year span.

For RG Properties, it’s a drop from the previous deal which was reported at $1.25 million, or $125,000 annually, to $90,000 annually.

The City of Victoria also receives a cut of each ticket, and is reporting $6,000,000 revenue since the building opened in 2005. It’s twice hosted the world curling championships, as well as the national figure skating championships, the WHL Super Series vs. Russia, a U.S.A. vs. Canada women’s international, and concerts by Rod Stewart, Cher, Elton John and Prince.

“It’s about doing the right thing for the community, and the Island, where people can come together for common purposes, whether its a concert or hockey,” said Darrell Jones, president of the Overwaitea Food Group that own Save-On-Foods. “We’re excited about the expansion to six stores in the region but we signed this when we had two stores here.”

The Memorial Cup was on stage for the press conference though the Victoria Royals’ pulled its bid to host the 2016 Memorial Cup tournament earlier this last month. The iconic trophy visited the arena Friday for the Royals’ home opener against the Kamloops Blazers.

This month is also the 10 year anniversary of the Victoria Salmon Kings debut, which was surrounded in controversy. With the construction of Save-On-Foods Memorial Centre behind schedule, RG Properties announced the Salmon Kings would start the season in the 2,300-seat Q Centre (Bear Mountain Arena). Only glitch was it had 3,000 season ticket holders.

The arena and its key tenant (Salmon Kings/Royals) come a long way since then.

reporter@saanichnews.com

 

 

Just Posted

Victoria resident catches, cleans pigeon feet to help fight stringfoot

Hair, string tangled around birds’ feet can cut off circulation to toes and whole feet

Cyclists rejoice as the Christmas Lights Parade returns

Family-friendly 10km ride visits big Christmas displays, Dec. 21

Victoria residents advocate for funding for neighborhoods without community centres

North Park Neighbourhood Association hopes to see $75,000 to bolster nearby staff

Victoria resident faces discrimination from BC Transit since transitioning to a wheelchair

Daniel Sands says they are often not allowed on buses, even when there is room

VIDEO: These are the top toys this Christmas, B.C. toy experts say

Consider the play value of a game, staff at Toy Traders say

Mayor wants B.C. to institutionalize severely mental ill people who are homeless

Those suffering from mental health conditions, such as schizophrenia, need specialized care, mayor says

Five things of note from Trudeau’s mandate letters to his ministers

Some marching orders come from the Liberal Party’s campaign, while others are new additions

Scheer’s resignation tips party into internal war over school tuition payments

The Conservatives have a Toronto convention already scheduled for April

POLL: Do you have a real or artificial Christmas tree?

The lights are up, holiday shoppers are bustling through the streets and… Continue reading

Navigating ‘fever phobia’: B.C. doctor gives tips on when a sick kid should get to the ER

Any temperature above 38 C is considered a fever, but not all cases warrant a trip to the hospital

Transportation Safety Board finishes work at B.C. plane crash site, investigation continues

Transport Canada provides information bulletin, family of victim releases statement

Wagon wheels can now be any size! B.C. community scraps 52 obsolete bylaws

They include an old bylaw regulating public morals

Suspect steals 150 pairs of cosmetic contacts from Nanaimo party supply store

Incident happened at Pattie’s Party Palace on Rutherford Road on Thursday

Most Read