AEG/Katz have dropped out of the running for the privatization of HECFIs facilities. This leaves 4 groups for council to consider. At the same time, Sonic Unyon, a local music and arts company that originally bid on running Hamilton Place, is now partnering with SMG and Forum Equity, in a proposal to operate Hamilton Place, Copps Coliseum and the convention centre. Another new bid will come from HECFI staff who will propose dissolving the HECFI board and having the facilities run out of a city department.
All of this came after HECFI had posted record losses in 2010 and 2011 and was taken over by City Council. Since then there have been layoffs and terminations in an effort to reduce staffing costs.