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.

A City of Abbotsford spokesperson said they will not be making any comment until the deal is finalized.

RELATED: AHL approves Canucks’ franchise relocation to Abbotsford

More to come …

With files from: Vikki Hopes, Abbotsford News

abbotsfordhockeyNHLvancouver canucks

Just Posted

(Maps.Chilliwack.com)
RCMP seek dash-cam footage after Chilliwack road rage incident

Male driving a black pickup stopped and allegedly threatened to punch another driver

Alexis Paige Simpson has not been in contact with her family in two months. (RCMP photo)
Chilliwack RCMP looking for missing 20-year-old woman

Police say Alexis Paige Simpson has not been in contact with her family in two months

Deepak Sharma of Abbotsford has been convicted of the sexual assault of one of his cab passengers in West Vancouver in January 2019.
Former Abbotsford Hindu temple president convicted of sexual assault

Deepak Sharma assaulted a female passenger when he was a cab driver

A blood drive in support of 1-year-old Rielynn Gormley of Agassiz is scheduled for Monday, June 28 at Tzeachten First Nation Community Hall in Chilliwack. Rielynn lives with type 3 von Willebrand disease, which makes it difficult for her to stop bleeding. (Screenshot/Canadian Blood Services)
Upcoming blood drive in honour of Agassiz toddler with rare blood condition

The Gormley family has organized a blood drive in Chilliwack on June 28

Woody’s RV World hosts a grand opening for its brand-new Abbotsford location on Saturday. (YouTube)
Woody’s RV World hosts Abbotsford grand opening on Saturday

First-ever B.C. location for successful RV chain, located on Marshall Road

The border crossing into the United States is seen during the COVID-19 pandemic in Lacolle, Que. on February 12, 2021. THE CANADIAN PRESS/Paul Chiasson
VIDEO: Border quarantine to soon lift for fully vaccinated Canadians

Eligible travellers must still take multiple COVID-19 tests

FILE - In this Nov. 29, 2020, file photo, Las Vegas Raiders defensive end Carl Nassib leaves the field after an NFL football game against the Atlanta Falcons in Atlanta. Nassib on Monday, June 21, 2021, became the first active NFL player to come out as gay. Nassib announced the news on Instagram, saying he was not doing it for the attention but because “I just think that representation and visibility are so important.” (AP Photo/John Bazemore, File)
Nassib becomes first active NFL player to come out as gay

More than a dozen NFL players have come out as gay after their careers were over

Penticton Indian Band Chief Greg Gabriel speaks to the Sacred Hearts Catholic Church burning down early Monday morning, June 21, 2021. (Monique Tamminga Western News)
Penticton band chief condemns suspicious burning of 2 Catholic churches

Both Catholic church fires are deemed suspicious, says RCMP

COVID-19 daily cases reported to B.C. public health, seven-day moving average to June 17, 2021. (B.C. Centre for Disease Control)
B.C.’s COVID-19 infections drop to 90 on Sunday, 45 Monday

Pandemic spread dwindles as 77% of adults receive vaccine

By protesting uninvited in First Nations’ territories, conservationists are acting in a neocolonial or paternalistic manner, says Huu-ay-aht Chief Robert Dennis. Photo by Heather Thomson
A closer look: do Vancouver Island First Nations support the war in the woods?

First Nations/environmentalist old growth alliance uneasy, if it exists at all

One Reconciliation Pole and two Welcome Figures were unveiled during a ceremony in honour of truth and reconciliation on National Peoples Indigenous Day at the Vancouver School District in Vancouver, B.C., on Friday, June 21, 2019. THE CANADIAN PRESS/Chad Hipolito
Horgan marks Indigenous Peoples Day by urging recognition of systemic racism

National Indigenous Peoples Day has been marked in Canada since 1996

A man makes his way past signage to a mass COVID-19 vaccination centre at the University of Toronto’s Mississauga campus during the COVID-19 pandemic in Mississauga, Ont., on Monday, May 17, 2021. THE CANADIAN PRESS/Nathan Denette
Canadians encouraged to see mRNA shots as interchangeable as more 2nd doses open up

Doctors urge people not to hesitate if offered Moderna after getting Pfizer for their first shot

Chief of Defence Staff Jonathan Vance sits in the front row during a news conference in Ottawa on June 26, 2020. THE CANADIAN PRESS/Adrian Wyld
Defence committee rises without report on Vance allegations

Committee had been investigating the government’s handling of complaints against former defence chief

The Coquihalla Lakes washroom is getting upgrades. (Submitted)
Coquihalla to get upgrades to aging washrooms

The Ministry of Transportation is providing $1 million in funding to upgrade 3 rest areas

Most Read