KKR Advisors Ltd.
KKR Advisors Ltd. is a tactical advisory firm providing development, negotiation and financial advisory services, specializing in real property development with a focus on sports, recreation and entertainment facilities.
Our principals have advised on the development, financing, valuation and strategic assessment of more than $45 billion in new projects, including more than $7 billion in new sports infrastructure.
We advise on the upfront feasibility, business case assessment, locational assessment, development, financing and financial structuring of new sports, recreation and entertainment facilities, and we help negotiate tenancy and operational / management arrangements with sport teams and third-party venue management companies.
Core Services
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• Market Assessments
• Feasibility Studies
• Opportunity Assessments
• Financial Analysis & Assessments
• Locational Assessments
• Economic Development & Impact Assessments
• Land Value Capture Assessments -
• P3 and Joint Venture Advisory Services
• Developer / Builder / Operator Solicitation and Due Diligence
• RFQ / RFP Advisory Services
• Developer Negotiations
• Operator Negotiations
• Sport Team Tenancy Negotiations
• Risk Assessments -
• Facility Operating Cost Assessments
• Optimal Pricing Structure Analysis
• Operating Efficiency Improvement Assessments
• Alternative Operating Structure / Service Delivery Model Assessments
• Operator Selection and Contract Negotiations -
• Operational Revenue Enhancement Assessments
• Facility Sponsorship and Naming Rights Assessments
• Strategy Development and Securing Corporate Sponsorships, including Naming Sponsorships
Our Sports Facility Advisory Experiences
Our experiences span more than 100 separate facilities in 50+ municipalities across seven Canadian provinces and one US state, including:
23 Canadian Hockey League arenas (3 QMJHL, 16 OHL, 4 WHL);
2 American Hockey League arenas;
3 National Hockey League arenas;
1 ECHL arena (US);
4 CFL stadiums;
3 MLS stadiums;
9 Canadian University athletic facilities;
27 community recreation facilities; and
10 national and international sporting events.
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• Lead Advisor on negotiations to bring the Hamilton Bulldogs to Brantford
• Lead Advisor on business case and location assessment for a new 5,300-seat Sports & Entertainment Centre
• Project Manager and lead Business Advisor on the joint venture development of a new 5,300-seat Sports & Entertainment Centre
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• Lead Advisor and negotiator – sale / lease of TD Station
• Lead Advisor and negotiator – ten-year venue management agreement with OVG360
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• Lead Advisor on the feasibility, building sizing, business case, financial and location assessment of a new downtown sports and entertainment centre
• Lead P3 advisor
• Negotiations support re the P3 arrangement’s commercial elements
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• Lead P3 Advisor on the redevelopment of Lansdowne Park
• Lead Financial Advisor on the review and assessment of unsolicited development proposals
• Negotiations support on development agreement with proponent
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• Lead Advisor on the feasibility, building sizing, business case, financial, economic impact and location assessment of a new downtown sports and entertainment centre
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• Lead Advisor on the preparation of a feasibility study and business plan for hosting the 2017 Invictus Games
• Bid Representative in formal presentations to the Invictus Games Foundation
• Games Advisor on presentations to government and corporate sponsors
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• Lead Advisor on business case and location assessment for a new 5,800-seat Sports & Entertainment Centre
• Lead negotiator on the securing of a site development cost-sharing agreement with adjoining land owners
• Lead Advisor on negotiations with the Sudbury Wolves
• Design-Build RFQ / RFP support
• Lead Advisor on a process to identify and retain a third-party venue manager
• Lead Advisor on the completion of a comprehensive business partnership assessment
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• Lead Advisor evaluating the impact of competing projects on the viability of the LeBreton Flats development
• Expert witness
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• Lead Advisor on the feasibility, building sizing and business case assessment of new QMJHL / NHL arena
• Lead Advisor on a sponsorship assessment and naming rights valuation of the new arena
• Lead Advisor on the developing of a naming rights sponsorship strategy
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• Lead Advisor on the feasibility, building sizing, business case, financial and economic impact assessment of the main athletics venue for the 2015 Pan Am Games and future home venue of the CFL Hamilton Tiger Cats
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• Lead Advisor of the preparation of “Legacy Plans” governing the post-games use of Canada Games Park (a multi-sport recreation facility) and Henley Rowing Centre
• Lead Facilitator on the structuring of a cost sharing agreement for Canada Games Park between Brock University, the City of Thorold, the City of St. Catharines and the Regional Municipality of Niagara
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• Lead Advisor on the feasibility, building sizing, business case, financial and economic impact assessment for a purpose-built soccer stadium in downtown Toronto
• Development negotiations support
• Lead Advisor on the financial and economic impact assessment of the planned expansion of BMO Field to accommodate CFL football
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• Lead Advisor on the review and assessment of the Games’ Master Plan
• Lead Advisor on the review and assessment of the Games’ revenue model, sponsorship model and sports & venue model
• Lead Advisor of the preparation of “Legacy Plans” governing the post-games use of the Pan Am Aquatics Centre and Pan Am Stadium
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• Lead Advisor on business case assessment of planned Stadium modernizations
• Lead Advisor, food & beverage contract arrangements
• Lead Advisor, lease negotiations
• Lead Advisor, building sponsorships
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• Lead Advisor, operational assessment of Prospera Place against 10 Canadian sports and entertainment venues (benchmarking total events, attendance, net operating income) between 2010 and 2019 (pre-COVID) and between 2020 and 2021 (during COVID)
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• Lead Advisor on the feasibility, business case and financial assessment of the CAA Centre for financing purposes
• Lead Advisor evaluating the potential early acquisition of the CAA Centre by the City of Brampton
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• Lead Advisor on the feasibility, business case, financial and economic impact assessment of new downtown area
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• Lead Advisor on the feasibility, business case, financial and location assessment of a new downtown sports and entertainment centre
• Lead real estate advisor on the acquisition of the Guelph Eatons Centre
• Lead P3 advisor
• Lead negotiator on the structuring a P3 joint venture arrangement
Ronald Bidulka
MANAGING PARTNER
Ron brings over 25 years of real estate and sports facility development advisory experience.
Ronald Bidulka, Managing Partner of KKR Advisors Ltd., brings a wealth of hands-on experience on the up-front planning, operational and market assessment, and business case review of new sports and entertainment facilities, and in the planning and staging of national and international sporting events. With more than 25 years’ experience helping municipalities, public agencies, not-for-profit organizations, and private companies realize new and operationally improved sports, recreation, entertainment, arts and cultural, and public assembly facilities, Ron is Canada’s most experienced sports facility advisory consultant.
Key advisory services provided include:
• Business Planning and Project Feasibility Assessments
• Development Structuring and Advice
• Structuring Public Private Partnerships and development joint ventures
• Facility Operating Cost Analysis and Improvement
• Revenue Enhancement
• Land Value Capture Reviews and Opportunity Assessments
• Lease Negotiations with Sport Team Tenants
• Operator Selection and Negotiation
• Facility Sponsorship Evaluations and Strategy Development