Consultants outline benefits of possible Coeur d'Alene arena

A 6,000-seat sports and events arena in Coeur d’Alene would operate at a net loss of more than $300,000, but could result in millions of dollars in new tourism and visitor spending annually.

Those are among the findings of a consultant’s study presented Wednesday to the city’s urban renewal agency, the Lake City Development Corp., to determine whether it makes sense for Coeur d’Alene to develop such a facility.

The LCDC and Coeur d’Alene Chamber of Commerce were among the entities that joined together last year to commission the financial feasibility study. That $74,000 report was presented by Convention Sports and Leisure International of Minnesota.

It's an interesting idea and given the beauty of the area and the desire for people to visit, it may become more profitable than expected.

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