EVZ gets lead management for Bossard Arena expansion
The Bossard Arena is to be expanded on a tenant model. The project partners, the City of Zug, Kunsteisbahn Zug AG and the Zug Ice Sports Club (EVZ) have agreed on this. The EVZ is to realise and finance the expansion as the main user of the arena. The city of Zug will remain the owner.
The city of Zug, the Kunsteisbahn Zug AG (KEB) and the EV Zug have agreed to implement the expansion of the Bossard Arena in a tenant model. “The city council recognises the necessity of further developing the Bossard Arena,” Urs Raschle, head of the finance department, is quoted as saying in a corresponding statement by the Zug city administration. “With the present Memorandum of Understanding, we have now created the necessary conditions together with the EVZ and KEB.”
The memorandum of understanding stipulates that the Bossard Arena will remain the property of the city of Zug even after the expansion. KEB will become a tenant of the city and will operate the Bossard Arena on its behalf. KEB’s subtenant EVZ, as the main user of the arena, will realise and finance its expansion. A feasibility study estimates the necessary investments at around 36 million Swiss francs.
The Keep Building project provides for the expansion of the arena capacity from 7,200 to 9,000 seats and the extension of the catering facilities. Among other things, the northern roof of the stadium is to be steepened and led over an extension module that will be built underneath. It is assumed that planning permission will be granted in 2024, with construction work to be completed in 2027.
This year, the Zug Ice Sports Club is one of the finalists for the Prix SVC Central Switzerland, which will be awarded on 2 May. With this, the entrepreneurial network Swiss Venture Club honours companies for their innovative products and services, for their corporate culture and for their sustainable track record.