| There are two main risks for the new Amway Center. One that has been previously mentioned are the bonds used to finance the arena have been downgraded to “junk” status. With this downgrade, the possibility of losing the center to bankruptcy is high and very possible in just a few years. The other main risk is that in order to sustain the economic boon to the area and to be able to maintain the new Amway Center, they have to be able to book high profile events and performances that will draw large numbers of consumers. The Orlando Magic only play in the arena during basketball season – 82 regular season games in a period of approximately 9 months. Only half of those are played at home, so the arena will only host 41 games. With that stated, that is 324 days in a year that other events and performances must be scheduled. As of now, only 10 events in the month of December, 16 events in January and only 9 events in February have been scheduled. See Word Document for table. |