Report warns that Columbus Blue Jackets need new tax revenue or other solution to stem losses

Report: Columbus Blue Jackets need financial fix

COLUMBUS, Ohio — A new report warns that Columbus may have trouble holding on to the NHL’s Blue Jackets because the club has been losing $12 million per year.

The report released Thursday by the Columbus Chamber offers options for strengthening the team’s financial position, such as new taxes or fees.

Other suggestions include allowing the team to renegotiate its lease for Nationwide Arena or trying to attract a second major tenant for the arena.

Blue Jackets President Mike Priest says that the team’s current economic model has “significant disadvantages” and that it plans to work with public and private groups to find a solution.