City of Richmond extending contract with CAA to 2014
Mayor Jones announced today that the City of Richmond will extend its existing contract with the CAA tournament to 2014 with an option to renew for two more years provided the City meets “expectations.” The previous contract was set to expire in 2012.
Mayor Jones announced today that the City of Richmond will extend its existing contract with the CAA tournament to 2014 with an option to renew for two more years provided the City meets “expectations.” The previous contract was set to expire in 2012.
What are the expectations? It sounded like the additional extension (2015-2016) hinged on the progress made by the City to find a replacement for The Coliseum — the results of the committee/consultants currently working up a plan were mentioned several times. It seems like the 2014 extension was made in good faith that we’ll have a solution ready — maybe not implemented — to “The Coliseum Problem,” along with two million dollars worth of minor improvements made / being made to the Coliseum.
The loss of the CAA Tournament, while being a huge bummer, would also lose the region $5.8 million in “stimulus.” Consider: last year’s tournament brought 43,000 people into downtown over four days and showcased Richmond in five of the top nine media markets. Plus, believe me, it is super fun.
The CAA Tournament has been hosted in Richmond for 21 years and it is the second longest venue/event relationship behind the Big East and Madison Square Garden.
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Ross Catrow
Founder and publisher of RVANews.
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