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Orlando Arena Can't Be Converted to Downtown Convention Center Site, Study Says

ORLANDO-Commercial demand for 200,000 sf of new meeting space in the central business district is low, consultants find. Now Orlando Magic owner Rich DeVos is trying to find out if the 10-year-old, 17,500-sf , $110 million TD Waterhouse Center can be rebuilt and retrofitted to produce the $10 million additional revenue the team needs to break even annually. If it can't, the NBA team may look for new quarters in 2004.

By Alex Finkelstein | Updated on December 04, 2000

ORLANDO-It was a long shot and it didn’t go through the hoop, but Orlando Magic owner Rich DeVos may still keep his NBA team Downtown if the 10-year-old, 17,500-sf, $110 million TD Waterhouse Center can be rebuilt and reshaped to produce the $10 million additional revenue the team needs to break even each year.

An $80,000, six-month study finds converting the Amelia Street arena to a 200,000-sf Downtown convention center site isn’t feasible because demand for such a property is lacking. City officials had considered assisting with but not paying for the construction of a new sports center if the old facility could be converted and used as a revenue-generating location.

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