The Aquilini Investment Group has agreed to a proposed contract of five years to run the Abbotsford Centre. (File photo)

Proposal to run Abbotsford Centre offered to Canucks ownership group

Planned five-year contract to cost city $750K annually, starting Jan. 1, 2022

The City of Abbotsford and Aquilini Investment Group (AIG) have agreed to a proposed contract of five years to run Abbotsford Centre, according to details posted online on Thursday (May 6).

The “notice of intent to award a contract” was posted on the BC Bid website, and indicates that the city will pay AIG an annual management fee of $750,000 to manage the centre, which will be the new home of the Canucks’ affiliate American Hockey League team.

The effective date of the proposed contract is Jan. 1, 2022.

AIG is controlled by Vancouver Canucks owner Francesco Aquilini, along with his brothers and father. They oversee several other subsidiaries including: Rogers Arena, Aquilini Developments, Aquilini Properties, Golden Eagle Group and Aquilini Renewable Energy.

RELATED: Vancouver Canucks relocating AHL affiliate to Abbotsford for 2021-22

The contract states that the management fee includes all operating costs but the city is responsible for capital maintenance and repair. The contract further includes “revenue-sharing opportunities” for the city based on the number and type of event tickets sold.

If the contract is finalized, AIG will run all activities at the centre, including sports events, trade shows, and cultural and entertainment events.

The notice states that the city approached AIG about an agreement for the management of Abbotsford Centre “given its unique experience and ability to leverage operational synergies within the Canucks Sports and Entertainment franchise” and its plan to move the AHL team there for at least the 2021-22 season.

The notice states that, without the team moving to Abbotsford Centre, the city’s ability to pay the management fee “would not be viable.”

The contract can be seen here.

RELATED: Abbotsford Heat to leave, city to pay $5.5 million to end deal

Abbotsford Centre is currently managed by Spectra Venue Management.

The City of Abbotsford’s previous deal with the Abbotsford Heat – the AHL’s affiliate franchise for the Calgary Flames – ended in 2014, five years into its 10-year supply fee agreement.

The city paid $5.5 million to the Flames to terminate the agreement, which had guaranteed the Heat a break-even annual budget of $5.7 million.

Over the first four years of the deal, local taxpayers paid $5.24 million to cover financial shortfalls.

Losses totalling $11 million were estimated for the final five years of the contract.

Part of the Heat’s struggle to draw fans in Abbotsford was the fact that the Flames are a division rival of the Vancouver Canucks.

RELATED: AHL approves Canucks’ franchise relocation to Abbotsford

More to come …

With files from: Vikki Hopes, Abbotsford News

abbotsfordhockeyNHLvancouver canucks

Just Posted

Canadian Pacific Railway’s Caboose 437115 was retired and donated to Maple Ridge in 1991. Now, it’s in need of some repairs, and the museum is looking for some people willing to help in its refurbishing. (Maple Ridge Museum/Special to The News)
LOOKING BACK: Caboose needs a new roof

Maple Ridge Museum is putting the call out to loca train lovers for some help

Grant De Patie. (The News files)
Virtual sit-in in memory of Maple Ridge gas attendant killed in 2005

Protest for stronger safety protections for late-night workers

Have an opinion you’d like to share? Submit letters to the editor through our website, via email or the postal service. (Heather Colpitts/Black Press Media)
LETTER: Pitt Meadows does not need new RCMP detachment

Local resident says the price tag is too much

Maple Ridge author Tiffany-Ann Bottcher is one of 21 authors whose real-life stories are featured in the new book Women in Business in a Changing World. (Special to The News)
Maple Ridge author shares real-life story to inspire women in business

Tiffany-Ann Bottcher, is a long-time Maple Ridge resident, a full-time business coach and blogger

People watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, B.C., in this June 15, 2011 photo. There’s new evidence the Vancouver police were warned about a possible riot days before violence broke out during the final game of the Stanley Cup playoffs on June 15. THE CANADIAN PRESS/Geoff Howe
Maple Ridge residents share Vancouver Stanley Cup Riot memories

June 15th was 10th anniversary of Canucks Game 7 loss

A small pod of Pacific white-sided dolphins pass by close to shore in Campbell River June 16, 2021. Still capture from video courtesy of Kimberly Hart
VIDEO: Dolphin sunset captured from Vancouver Island shore

Spectacular setting for view of travelling pod of Pacific white-sided dolphins

Police are asking for public assistance in locating Anthony Graham who has been charged with the murders of Kamloops brothers Carlo and Erick Fryer. (RCMP photo)
2 charged, suspect at large in killings of B.C. brothers linked to gang activity: RCMP

Kamloops brothers Erick and Carlo Fryer were found deceased in May on a remote Okanagan road

UFV athletes were honoured for their strength and perseverance during the pandemic. (UFV photo)
Fraser Valley athletes recognized in year without sports

UFV Cascades athletes honoured for strength shown during the pandemic

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Albert Health Minister Tyler Shandro and Alberta Premier Jason Kenney unveil an opening sign after speaking about the Open for Summer Plan and next steps in the COVID-19 vaccine rollout, in Edmonton, Friday, June 18, 2021. THE CANADIAN PRESS/Jason Franson
Alberta 1st province in Canada to lift all COVID-19 public health restrictions

70.2% of eligible citizens 12 and older in the province have received a dose of the vaccine

Fraser Health registered nurse Ramn Manan draws a dose of the Pfizer COVID-19 vaccine into a syringe at a walk-up vaccination clinic at Bear Creek Park, in Surrey, B.C., on Monday, May 17, 2021. THE CANADIAN PRESS/Darryl Dyck
‘Honour our fathers’ with COVID-19 vaccine protection, B.C. urges

109 new cases Friday, 75 per cent of 12 and up immunized

(Paul Henderson/ Chilliwack Progress)
Trutch Avenue in Chilliwack to be renamed to remove racist taint

New name to have Indigenous significance as Chilliwack takes new step toward reconciliation

Canadian Prime Minister Justin Trudeau is seen during a joint news conference following the EU-Canada Summit, in Brussels, Belgium, Tuesday June 15, 2021. Trudeau says Canada is on track now to have 68 million doses delivered by the end of July, which is more than enough to fully vaccinate all 33.2 million Canadians over the age of 12. THE CANADIAN PRESS/Adrian Wyld
Vaccine deliveries enough to fully vaccinate all eligible Canadians by end of July

Three in four eligible Canadians now have their first dose, nearly one in five fully vaccinated.

Most Read