2. Experts agree that large arenas, without major tenants, are not financially viable. Even Peter Luukko, Chair of Global Spectrum, the U.S. Company that would operate this arena if approved, recently said any arena in a major market needs a big league team to be successful. The GTA Centre has no big league team and there is no indication that it ever will. (See comments by Riley O’Connor, Chair, Live Nation, Tor. Star, Aug.20, 2012.)