News Article: Coyotes willing to invest funds for new downtown arena.

[TheLegend]

http://www.12news.com/story/news/local/valley/2015/12/15/arizona-coyotes-ceo-says-team-would-help-pay-for-new-arena/77396898/

Of course the first question would be why not invest it in Glendale?

Click to read more...

 

[XX]

Title of the article is "Coyotes would expect taxpayer money for new arena" which is a given. That the 'investors' have anything real to bring to the party is purely hypothetical, and most likely not true in the way other teams have helped pay for arenas.

"Why not invest it in Glendale?" makes zero sense as a question. Contrary to popular belief, owning the arena is not a free to pass to profit land. The optimal setup is to have the city foot the bill while being in a position to either be paid directly for managing the arena as the Coyotes were or to reap the benefits from an event heavy arena.

Both situations are no longer possible in Glendale. It even says in the article why "investors" would be willing to cough up some money for a downtown arena.

The only interesting tidbit is that ASU would join the Coyotes and Suns downtown. That would make three partners in on a facility, and potentially help sell it to the public. It'd also water down the power of the Suns in a new arrangement.

The public having to vote on it makes the timing problematic.

 

[0point1]

The only interesting tidbit is that ASU would join the Coyotes and Suns downtown.

Wow throwing ASU into a downtown arena along with the Suns, Coyotes, Mercury, Rattlers, and concerts would have that arena busy 200+ days per year. When you count the Diamondbacks events at their stadium, downtown Phoenix would have something going on pretty much every day. Besides good for the local businesses, it would be a good draw for people looking to move downtown.

 

[rt]

And think of the traffic! Haha.

 

[Coyotes2000]

http://www.12news.com/story/news/local/valley/2015/12/15/arizona-coyotes-ceo-says-team-would-help-pay-for-new-arena/77396898/

Of course the first question would be why not invest it in Glendale?

Because Glendale is a sack of garbage town?

 

[Snarky Coyote]

I live downtown and this would be a dream come true. At the same time I wont believe it until I see shovels in the dirt.

 

[Coyotes2000]

The ASU campus downtown is massive now, wasn't always the case and with light rail from tempe.. that would be huge for ASU sports

 

[mouser]

Definitely makes a lot more sense for ASU now then it did before light rail and the downtown campus expansions.

 

[The Feckless Puck]

Certainly a bright picture painted.

I won't believe a word of it until someone outside of IA chimes in.

 

[ClassLessCoyote]

LOL 12News

 

[Summer Rose]

And think of the traffic! Haha.

I'm foaming at the mouth thinking about it being on or near the light rail, to hell with traffic.

Sounds like I need to move back inside the Phoenix city limits so I can vote for this thing.

 

[MIGs Dog]

And think of the traffic! Haha.

Self-driving Uber cars will make traffic jams a thing of the past.

 

[MIGs Dog]

Because Glendale is a sack of garbage town?

It's not THAT bad. They just need to move GRA 10 miles to the east and it would be fine.

 

[moosemeister]

I'm foaming at the mouth thinking about it being on or near the light rail, to hell with traffic.

Sounds like I need to move back inside the Phoenix city limits so I can vote for this thing.

Pretty much. I'll just have to worry about the wait for the light rail on the way home, which can get pretty hectic.

 

[Llewzaher]

I like Leblanc, but I would hate to see any potential deal ruined because he opened his mouth

 

[ClassLessCoyote]

I like Leblanc, but I would hate to see any potential deal ruined because he opened his mouth

Unless we see more meat on the bone, this latest kind of talk is just to downplay any talk of relocation.

 

[XX]

I like Leblanc, but I would hate to see any potential deal ruined because he opened his mouth

Please trust me.

 

[Bonsai Tree]

http://www.12news.com/story/news/local/valley/2015/12/15/arizona-coyotes-ceo-says-team-would-help-pay-for-new-arena/77396898/

Of course the first question would be why not invest it in Glendale?

Location, location, location.

 

[MIGs Dog]

http://www.azcentral.com/story/news...seeks-buyer-sheraton-hotel-downtown/77302888/

Phoenix is officially seeking offers from buyers interested in purchasing the 1,000-room Sheraton

Anyone got 300 mil to buy a money losing hotel?

Selling the hotel also could free up money to help build a new downtown arena for the Phoenix Suns and Arizona Coyotes, a prospect city leaders are negotiating

Still need a vote from taxpayers...and more $$$

The (Suns) have a 40-year lease to operate Talking Stick Resort Arena...but its agreement includes a provision for the Suns to opt out at the 30-year mark if the building is considered obsolete

Who determines obsolete?

That could allow the Suns to leave downtown Phoenix by around 2022

Is that soon enough to partner with Yotes?

 

[mouser]

Who determines obsolete?

Haven't seen the full details, but my understanding is if it's obsolete "by NBA standards". Which it almost certainly would be given its relative age compared to the rest of the NBA arenas.

There are only seven arenas that are older then Talking Stick. Three of them have plans in the works to replace them (Milwaukee, Sacramento, Golden State). One has been rumored for replacement for a few years (Detroit). And MSG is its own special case with massive past renovations. Target Center in Minnesota just approved a $129m renovation. Leaving only Salt Lake City's arena without replacement or major renovation discussions.

 

[MIGs Dog]

Haven't seen the full details, but my understanding is if it's obsolete "by NBA standards". Which it almost certainly would be given its relative age compared to the rest of the NBA arenas.

There are only seven arenas that are older then Talking Stick. Three of them have plans in the works to replace them (Milwaukee, Sacramento, Golden State). One has been rumored for replacement for a few years (Detroit). And MSG is its own special case with massive past renovations. Target Center in Minnesota just approved a $129m renovation. Leaving only Salt Lake City's arena without replacement or major renovation discussions.

23 year old arenas are obsolete? Bizarre. Must be why my Cubs can't win the World Series.

 

[mouser]

23 year old arenas are obsolete? Bizarre. Must be why my Cubs can't win the World Series.

A bunch of NBA arenas didn't even make it to 23 years old. Charlotte, Miami, and Orlando all built new arenas right when the move to more suites and club seating in arenas was taking place. All of those arenas were effectively obsolete the day they opened and lasted less then 23 years before being replaced. The same thing happened with Milwaukee and Sacramento opened in 1988, hence being replaced now.

Detroit was one of the first of the new generation of arenas, also opened in 1988, so they've enjoyed a longer lifetime. Still some rumblings about where their future lies, with a potential return to downtown Detroit from the suburbs.

 

[Dirty Old Man]

Two years from now (assuming Detroit and Edmonton's new arenas are completed as scheduled) Anaheim will have the 3rd oldest arena in the NHL. And it could be the 2nd oldest in 5 years time (Calgary), trailing only MSG.

 

[Bonsai Tree]

This whole thing is more than possible due to the Sun's need for a new arena. It's up to LeBlanc and company to hitch their caboose onto the Sun's train. A bit of coin from LeBlanc, more coin from Sarver, and the rest from Phoenix makes a downtown multi-use arena a reality.

 

[The Feckless Puck]

This whole thing is more than possible due to the Sun's need for a new arena. It's up to LeBlanc and company to hitch their caboose onto the Sun's train. A bit of coin from LeBlanc, more coin from Sarver, and the rest from Phoenix makes a downtown multi-use arena a reality.

Problem is, the Suns don't need a new arena immediately. The Coyotes do. The timeline is problematical and the Coyotes' desperation to move the timeline forward will only hurt them in any potential negotiations.