Flyers' and Penguins' home arena valuation?

The Pittsburgh Penguins play their home games in the 47 year old Mellon arena. The seating capacity has been increased from the original 10,500 for hockey to 17,000. By today's hockey league arena standards the place is a dinosaur. Philadelphia's home ice is the Wachovia Center, first opened in 1996. The seating is over 19,000 and it hosts far more amenities than it's counterpart to the west. Due to it's age would the Mellon arena's owners insure to Replacement Cost or Actual Cash Value? A possibility would be ACV due to the arena's age and that most likely a rebuilt structure would be much larger and boast more extensive amenities. We're fairly certain that the Wachovia Center would be insured on a RC basis, due to it's relatively new status, although I suspect that it's corporate parents use a mix of self insurance as well. Of course you can't forget the myriad other insurance considerations for both these structures, business income being a huge aspect given the fact that both buildings host many other activities beyond hockey. I suspect that by now you may be thinking that I picked this subject due to the upcoming playoff series between the Flyers and Penguins and that I'm just looking for an excuse to give a shout out to the Flyers. You would be right. This should be a great series with alot of hard hitting action. I think crybaby Crosby will have his hands full come Friday night. GO FLYERS!!

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