Confirmed with Link: All Encompassing Arena Talk: Meruelo focused on winning auction, but now may be looking for buyers (in and out of state)

[awfulwaffle]

I can't wait until they leave stream the auction, and AM hands over cash for the land after he wins the bid. This site would explode, because people on this site wouldn't believe that AM has money!

 

[Dirty Old Man]

Reports & Notices | Arizona State Land Department

land.az.gov

Wow, I think you may have mentioned this elsewhere, but the vast majority of the auctions in the "Auction Results: FY 2017 to Date" do have exactly one bid per auction. Like 90%.

 

[TheLegend]

Wow, I think you may have mentioned this elsewhere, but the vast majority of the auctions in the "Auction Results: FY 2017 to Date" do have exactly one bid per auction. Like 90%.

78%….. I was Craig’s source for his article about it. I’d counted the entire list and posted it on the PHNX discord.

 

[Kai Yo T]

Looks like even multiple, recent championships aren't enough to persuade taxpayers to support arenas. Even for a much bigger sport.

Chiefs lose stadium renovation vote, leaving their future in doubt

The Chiefs have threatened to leave Kansas City without the sales tax extension.

www.nbcsports.com

 

[MIGs Dog]

Looks like even multiple, recent championships aren't enough to persuade taxpayers to support arenas. Even for a much bigger sport.

Chiefs lose stadium renovation vote, leaving their future in doubt

The Chiefs have threatened to leave Kansas City without the sales tax extension.

www.nbcsports.com

Many factors in play. The team president floated the idea of relocation, which pissed off a lot of people. Frank White, KC Royals legend and Jackson County official, opposed the tax. Lastly, people are feeling the effects of inflation and other tax increases. It's well known in the KC metro that Jackson County property taxes are out of control. I talked to one realtor who said many of her friends were asking her to help them find a home in a different county. Unlike the two-county Phoenix Valley, the KC metro is comprised of 14 counties, but the sales tax was only for Jackson County.

Jackson County property taxes are fastest growing in the state

A new State Auditor’s report reveals Jackson County’s property tax rate increased more than any other county in the state.

www.kctv5.com

 

[The Feckless Puck]

Looks like even multiple, recent championships aren't enough to persuade taxpayers to support arenas. Even for a much bigger sport.

Chiefs lose stadium renovation vote, leaving their future in doubt

The Chiefs have threatened to leave Kansas City without the sales tax extension.

www.nbcsports.com

People are starting to get wise to the fact that rich people only cry poverty because they want to spend someone else's money, not their own. Get the suckers to pay for a stadium, then claim enormous losses to avoid paying a fair share of taxes... it's a nice gig if you can get it.

Yet another reason why the Tempe vote going the way it did is so aggravating - Meruelo's plan didn't involve those kinds of shenanigans, and yet the voters assumed that it did, because that's how almost everyone else in pro sports ownership does it these days.

 

[Knights2017]

Reports & Notices | Arizona State Land Department

land.az.gov

F5, F5, F5, F5, F5, F5, F5, F5, F5, F5,

 

[Jagged Ice]

People are starting to get wise to the fact that rich people only cry poverty because they want to spend someone else's money, not their own. Get the suckers to pay for a stadium, then claim enormous losses to avoid paying a fair share of taxes... it's a nice gig if you can get it.

Yet another reason why the Tempe vote going the way it did is so aggravating - Meruelo's plan didn't involve those kinds of shenanigans, and yet the voters assumed that it did, because that's how almost everyone else in pro sports ownership does it these days.

So often we hear the Yotes should relocate because the Tempe vote is proof that Arizona doesn't want the Coyotes.
So what does this say about KC residents after winning the Super Bowl less than two months ago?-

"The latest fail for the team came Tuesday evening when voters in Jackson County, Missouri rejected a 40-year extension of a 3/8th-cent sales tax, the funds from which would have been used to build a new stadium for the Kansas City Royals and refurbish the current Arrowhead Stadium site for the Chiefs.

The issue lost 58.1 percent to 41.9 percent. So, by usual voting standards, this was a blowout. A 17-point loss isn't great in the NFL, either."

 

[Dirty Old Man]

So is there a BoF? Where do they think the Chiefs will move? St. Louis?

( ... sorry, too soon?)

 

[Mangosteen]

So more to a successful market than winning?

 

[Kai Yo T]

So more to a successful market than winning?

I think the market is successful. It's just that being successful and well liked isn't enough make the taxpayers want to fund a billionaire's toy. Not in this climate.

 

[MIGs Dog]

So is there a BoF? Where do they think the Chiefs will move? St. Louis?

( ... sorry, too soon?)

A local was doing a TV interview, and they said, "I don't want St Louis to celebrate the next Chiefs Championship."

The current lease runs for seven more years. I'm fairly confident something will be worked out.

The tax was also to fund a new Royals stadium in downtown KC. Some of the NO votes were because they didn't like the location, as it would have displaced many existing businesses.

 

[LittlePipes]

So often we hear the Yotes should relocate because the Tempe vote is proof that Arizona doesn't want the Coyotes.
So what does this say about KC residents after winning the Super Bowl less than two months ago?-

"The latest fail for the team came Tuesday evening when voters in Jackson County, Missouri rejected a 40-year extension of a 3/8th-cent sales tax, the funds from which would have been used to build a new stadium for the Kansas City Royals and refurbish the current Arrowhead Stadium site for the Chiefs.

The issue lost 58.1 percent to 41.9 percent. So, by usual voting standards, this was a blowout. A 17-point loss isn't great in the NFL, either."

tax payer abuse is a real thing, whether your team is a winner or not. tax revenue is a big pile of money, and that pile attracts a lot of greedy people.

 

[DustyDangler]

So often we hear the Yotes should relocate because the Tempe vote is proof that Arizona doesn't want the Coyotes.
So what does this say about KC residents after winning the Super Bowl less than two months ago?-

"The latest fail for the team came Tuesday evening when voters in Jackson County, Missouri rejected a 40-year extension of a 3/8th-cent sales tax, the funds from which would have been used to build a new stadium for the Kansas City Royals and refurbish the current Arrowhead Stadium site for the Chiefs.

The issue lost 58.1 percent to 41.9 percent. So, by usual voting standards, this was a blowout. A 17-point loss isn't great in the NFL, either."

The universal sentiment regardless of city or region is folks are struggling, they are taxed enough already and if they have an opportunity to deny more taxation or the extension of existing taxation they are going to say no (particularly if is for non-essentials like entertainment).

 

[TeamTourigny]

Perspective:
Tempe "only" lost by 12.44%
KC lost by 16.12%.
OKC Arena vote passed by 42% last year

The Virginia Legislature never passed the Caps/ Wizards arena plan (ie Youngkin-Dome).

Last year both the states of NY & TENN passed legislation to support building football stadiums, no public votes

While each of these deals have nuanced policy differences, in the end the results are mixed and depend on how you sell the voters on what the $$ is used for. At least in the case of the Coyotes and KC , team owners thought they could carpet bomb the election and win, they never connected with voters and expalined what the benifit would have been for the community.

 

[DustyDangler]

Perspective:
Tempe "only" lost by 12.44%
KC lost by 16.12%.
OKC Arena vote passed by 42% last year

The Virginia Legislature never passed the Caps/ Wizards arena plan (ie Youngkin-Dome).

Last year both the states of NY & TENN passed legislation to support building football stadiums, no public votes

While each of these deals have nuanced policy differences, in the end the results are mixed and depend on how you sell the voters on what the $$ is used for. At least in the case of the Coyotes and KC , team owners thought they could carpet bomb the election and win, they never connected with voters and expalined what the benifit would have been for the community.

OKC is an outlier. What else are you going to do there? Have an NBA team or cattle tipping are the extent of your options.

On the rest...legislators will most always land in favor of spending other people's money to benefit their circle of influence.

 

[RABBIT]

Coyotes owner Alex Meruelo has sought potential buyers

Arizona Coyotes owner Alex Meruelo has spoken to potential owners to gauge their interest in buying the team, John Gambadoro reports.

arizonasports.com

Oh boy

I understand you have to have a contingency plan in case you don’t win the auction, but overall it’s not a great look. especially when the article states that he’s looking for buyers inside the state and out.

 

[Tad Mikowski]

Coyotes owner Alex Meruelo has sought potential buyers

Arizona Coyotes owner Alex Meruelo has spoken to potential owners to gauge their interest in buying the team, John Gambadoro reports.

arizonasports.com

Oh boy

I understand you have to have a contingency plan in case you don’t win the auction, but overall it’s not a great look. especially when the article states that he’s looking for buyers inside the state and out.

Can't say i blame him. This dumb state wants to find any way to make things a taxpayer issue and a legislation issue. Once all the options are exhausted what other choice does he have?

 

[TheLegend]

Coyotes owner Alex Meruelo has sought potential buyers

Arizona Coyotes owner Alex Meruelo has spoken to potential owners to gauge their interest in buying the team, John Gambadoro reports.

arizonasports.com

Oh boy

I understand you have to have a contingency plan in case you don’t win the auction, but overall it’s not a great look. especially when the article states that he’s looking for buyers inside the state and out.

Yet the article is bylined to "Arizona Staff".

The article rehashes a load of rumors. Including some Craig Morgan talked about weeks ago.

 

[GhostofTommyBolin]

A billion dollars for the asking price is a bit steep.

 

[finkelsteinberg]

A billion dollars for the asking price is a bit steep.

Why is it steep?

 

[hbk]

A billion dollars for the asking price is a bit steep.

that was offered by Salt Lake City already.

 

[Jamieh]

that was offered by Salt Lake City already.

To be in Salt Lake City.

 

[JasonDemersWasOkay]

Why do we have to have this instead of an auction date. Why can’t anything good happen ever?

 

[RemoAZ]