P4 billion coliseum for the PBA on-track

[sharkey360]

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Four years after it was first broached, the ambitious project of the Philippine Basketball Association (PBA) to have its own coliseum remains very much on track.

Buddy Encarnado, the team manager of former league member Sta. Lucia Realty, is now supervising the gathering of data aimed at proving the feasibility of building a playing venue to serve as the permanent home of Asia’s oldest professional league.

“We are moving forward with it," PBA commissioner Chito Salud announced at the end of the two-day planning session here by the league Board of Governors. “Mr. Encarnado is our point man in this project and he has suggested we secure the services of a group to undertake putting up of a feasibility study for the PBA’s own home,"

For more than an hour, Encarnado, himself a former PBA chairman, apprised his former colleagues about the status of the project that was initiated in 2006 during the chairmanship of Talk `N Text’s Ricky Vargas.

Encarnado said a prime lot within Metro Manila has already been pinpointed as the possible site for the multi-billion playing arena, but he refused to reveal its exact location.

“It is about 1.5 hectares and the entire project could cost the PBA something close to P4 billion at this point," said Encarnado.

“Once the feasibility study has been put together and gets the Board’s approval, and all other negotiations are done and over with, the groundbreaking should start sometime next year," he added.

Now on its 36th year, the PBA remains without a permanent playing venue, holding most of its games at the Araneta Coliseum, with the Astrodome, Ynares Arena in Pasig, Ynares Center in Antipolo and of late, the Ninoy Aquino Stadium in Manila serving as alternative arenas.

Saving on expenses in venue rentals and holding the Metro Manila games in just one arena are two major advantages the league would enjoy in having its own coliseum.

And besides, as Encarnado pointed out, “we will not be pre-empted by other events, like cock derbies, concerts or the like."

Source - PBA on track to build P4-billion coliseum - Sports - GMANews.TV - Official Website of GMA News and Public Affairs - Latest Philippine News

When will Cebu ever have its own modern design coliseum?

The Megadome (P250 million) became the CICC (over P500 million), which was a setback for Cebu as far as modernizing sports facilities and having modern venues with high seating capacities are concerned.

[colby]

WOW, we are talking of billions not millions...

Hopefully mapuno pud na ila coliseum. Taga mo lantaw ko PBA, wala man napuno pag hapit na Finals o Ginebra lang.

[sharkey360]

WOW, we are talking of billions not millions...

Hopefully mapuno pud na ila coliseum. Taga mo lantaw ko PBA, wala man napuno pag hapit na Finals o Ginebra lang.

It's nice to see a local organization like the PBA spending that much on a coliseum.

[peewee_toot]

makabawi kha na sila?

[nirdle_phogi]

gamit jud ni. sunod mga ppv sa boxing diri na iheld.. hehehe

[radiostar]

depends.. pwede pud na himo.on og concert sa mga dagko na ngan sa music industries ron...

[peewee_toot]

asa d i ni na locate if ever itukod ni?

[crisxahia]

nindot ni.. hopefully madaun.. anyway this is not a government project so dili ni
ma kurakot..

[sharkey360]

nindot ni.. hopefully madaun ni.. anyway this is not a government project to dili ni
ma kurakot..

And Cebu Province had that rare opportunity and funds to build the Megadome, which never came through.

[crisxahia]

ni OT naman ta ani bro: nway, yup unsaon man ning atong gobyerno.. walay project na dili mo agi ug kurakot ma gamay man o madako nga project walay pasaylo.

back to topic: asa kaha ni itukod nila sa?