Fortius Shutting Down

[Regs]

Fortius sports training centre in Burnaby to be shut down

Fortius Sport & Health in Burnaby announced late Friday that it will be closing all of its business operations after seven years, citing “added pressures” of COVID-19. Fortius is an integrated athlete development centre.

www.burnabynow.com

Seems weird how this couldn't be sustained through Government bailouts of some sort?

 

[freddy]

Shiddy

 

[Reccos]

There could have qualified with revenues down for the federal wage subsidy program but if you have no customers that doesn't work. It's firms that can operate (manufacturing) with a 30% or more drop in revenues that benefit from that program. There is also the $40K loan which business can keep $10K, if they pay the other $30K back.


Until full sports come back I suspect it's not viable. Not sure of the cost structure but if you have a CEO etc, that is not cheap.

 

[akslop]

No local pro team wanted to help? Someone will resurrect the assets

 

[Dude]

It's a fantastic facility, right down to a high end restaurant / kitchen, and hotel amenities for travelling teams. I spent a lot of time there over a three year span as my son's cycling team was title sponsored by Fortius. He was there once / week in the offseason training, and while he was there, I'd be training in their indoor Power training studio. Saw @Gurps there all the time! This was Celebrini's vision, and yes, I hope it gets resurrected. @Regs, I think the overhead was simply too big. It is still relatively new, and I'm sure it was a big burner on financing costs. Too bad the Caps are already married to UBC. Bloody hell, you see them more often than not at Fortius anyways!

 

[Regs]

https://www.cbc.ca/news/canada/british-columbia/burnaby-buys-fortius-land-facility-1.5843203

The good mayor of Burnaby does good things again. For those that don't know, he is one of us

 

[Yoda]

https://www.cbc.ca/news/canada/british-columbia/burnaby-buys-fortius-land-facility-1.5843203

The good mayor of Burnaby does good things again. For those that don't know, he is one of us

fantastic work!!!