Wolfpack Ram
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You make a good point and I will amend my statement to say this: every new facility goes through a honeymoon period. A few years after the newness wears off is really when you can determine the true quality of a facility. A couple of semi-recent examples would be FedEx Field in Maryland and MetLife Stadium in New Jersey. A few years after the newness subsided both stadiums were/are viewed very negatively by most fans. While AT&T Stadium in Dallas (Jerry's World) which is now 15 years old is still considered one of the best stadium in the country. Camden Yards remained an enduring stadium every since it opened and will likely remain that way after the proposed renovations. Where as I think the Nats Stadium is the opposite, just a non descript collection of concrete.
So I'll concede that the Richmond Coliseum probably had it's new phase for a few years when it first opened. In my teenage years when I used to visit Virginia in the summer I remember going to wrestling matches at the Coliseum when it was relatively new and nothing stood out about it. When I enrolled to VCU and starting going games consistently in the early 80s I remember feeling like "this place in kind of a dump" and it was barely 10 years old.
Also a lot of this is subjective. I remember when VCU played in the early season NIT at Madison Square Garden in 2010 and thinking MSG was a dump too. Fortunately they pretty much gutted the place and renovated it and it's awesome now.
Prior to the Coliseum and Diamond being built, Richmond had the Arena and Parker Field. When both the Coliseum and Diamond were built, no one in the RVA metropolitan area thought either facility was unattractive or a dump, especially compared to what they replaced.
When the Coliseum was built, 10,000 - 12,000 seat arenas were the norm for metropolitan areas the size of Richmond. Years later those smaller arenas were being replaced with 15,000+ seat arenas. The downfall for the Coliseum, Hampton Roads Coliseum and Scope was their size. The concerts that were playing the Coliseum in the 1970's eventually bypassed RVA for larger arenas. The City of Richmond did expand the Coliseum to 12,000 seats with that horrible end zone third level in order to attract tier one concerts, but those acts continued to bypass Richmond. The NCAA also raised their minimum seating requirements for the NCAA Tournament that sqeezed the Coliseum out. The City of Richmond also half a$$ed it by building small private suites in each corner of the Coliseum. They even outsourced the management of the Coliseum, which helped for period of time. They lost minor league hockey and VCU basketball as tennents. None of the upgrades and the loss of tennents could save the Coliseum from it's demise. And as @share the ball has stated, the City of Richmond let the infrastructure (6th Street Marketplace and Coliseum plaza) around the Coliseum crumble. And here we are today. The City of Richmond can't even afford to tear the Coliseum down, it's a big time eye sore and the Richmond metropolitan area doesn't have a first class arena.

