CXLVII - Is this the 'Final Countdown' in Arizona?

[TheLegend]

Think I need a corroborating source here. We know he doesn’t need to look far if he’s trying to sell.

Oh I certainly agree with that.

But Gambadoro frames this as Meruelo is actively shopping the team. Then later on looks at his on air partner with a wink and nod saying (paraphrasing) “You know who I’ve talked to..”

 

[LadyStanley]

Mark your calendars

 

[GKJ]

 

[GreenHornet]

 

[Marc the Habs Fan]

I know Scottsdale is the more ideal spot for various reasons but isn't this proposed site almost as far from downtown Phoenix as the arena in Glendale is?

 

[Boris Zubov]

Coyotes Announce Commitment to Win State Land Auction & Build Privately Funded Arena & Entertainment District | Arizona Coyotes

Proposed Landmark Development To Generate $15.5 Billion In New Spending Over The Next 30 Years, $581 Million In New Tax Revenues And 10,800 New Jobs For Phoenix

www.nhl.com

Seems to contradict the article from earlier today.

 

[LadyStanley]

 

[TheLegend]

“Not throwing cold water release but….”

What a clown. He got burned once already yesterday for saying the Coyotes “100% fact!” couldn’t sign anyone and the next day the sign one of their top picks to an ELC.

Now he doubles down with this…

 

[Llama19]

Arizona Coyotes 'fully committed' to winning June state land auction, building new arena

To quote:

"A roughly 100-acre rectangle of desert land in north Phoenix will be auctioned for sale on June 27, and the president of the Arizona Coyotes says the team’s owner is “fully committed to being the winning bidder.”

Even if they are the highest bidder, the Coyotes will have to clear other hurdles before breaking ground.

Those include reconciling with Phoenix whether an arena is allowed on the property under its current zoning. Team leadership is also likely to seek a special taxing arrangement to help finance construction.

Zoning and tax issues to come

One issue to be resolved is whether Meruelo’s planned development is allowed on the land under current zoning.

But arenas are not specifically allowed under the current zoning, according to Dan Wilson, spokesperson for the city. That means the property owner could argue an arena is allowed and seek an evaluation of the current zoning designation, or possibly need to rezone, according to Wilson.

But the team will likely ask Phoenix and the Maricopa County Board of Supervisors for help in a way that could come at a cost to Arizonans who go to games or shop at the proposed development.

Meruelo would need those governments to create a special taxing district for the project, called a theme park district, which would establish a board that can issue tax-free bonds to finance construction.

The bonds are often repaid by revenue from an additional tax of up to 9% charged on transactions within the development."

Source: www.azcentral.com/story/news/politics/arizona/2024/04/04/arizona-coyotes-commit-to-winning-june-state-land-auction-for-new-arena/73184176007/

 

[End on a Hinote]

Wonder what will happen with Desert Diamond Arena? Perfectly good and only 20 years old.

 

[TheLegend]

Wonder what will happen with Desert Diamond Arena? Perfectly good and only 20 years old.

Glendale is reconfiguring it with $40 million worth of remodeling. The local indoor football team plays there now.

Heard the ice system has been recently yanked out (it was obsolete, and becoming illegal to use).

They’ll be fine.

 

[LadyStanley]

 

[Llama19]

EXCLUSIVE: 'This is it': Coyotes CEO says team will look at relocation if they don't get land in Phoenix

Source (Video): www.abc15.com/exclusive-this-is-it-coyotes-ceo-says-team-will-look-at-relocation-if-they-dont-get-land-in-phoenix

 

[TheLegend]

Arizona Coyotes 'fully committed' to winning June state land auction, building new arena

To quote:

"A roughly 100-acre rectangle of desert land in north Phoenix will be auctioned for sale on June 27, and the president of the Arizona Coyotes says the team’s owner is “fully committed to being the winning bidder.”

Even if they are the highest bidder, the Coyotes will have to clear other hurdles before breaking ground.

Those include reconciling with Phoenix whether an arena is allowed on the property under its current zoning. Team leadership is also likely to seek a special taxing arrangement to help finance construction.

Zoning and tax issues to come

One issue to be resolved is whether Meruelo’s planned development is allowed on the land under current zoning.

But arenas are not specifically allowed under the current zoning, according to Dan Wilson, spokesperson for the city. That means the property owner could argue an arena is allowed and seek an evaluation of the current zoning designation, or possibly need to rezone, according to Wilson.

But the team will likely ask Phoenix and the Maricopa County Board of Supervisors for help in a way that could come at a cost to Arizonans who go to games or shop at the proposed development.

Meruelo would need those governments to create a special taxing district for the project, called a theme park district, which would establish a board that can issue tax-free bonds to finance construction.

The bonds are often repaid by revenue from an additional tax of up to 9% charged on transactions within the development."

Source: www.azcentral.com/story/news/politics/arizona/2024/04/04/arizona-coyotes-commit-to-winning-june-state-land-auction-for-new-arena/73184176007/

Where do I start,,,,? (I’m doing this all on the fly right now so mmmv….

Maricopa County wouldn’t necessarily be involved since this parcel is in the city of Phoenix.

According to Gutierrez, Phoenix previously approved construction of an indoor ice arena in an identically zoned area that was never built.

There are no GPLETs involved.

Gutierrez mentioned they are looking into the theme park designation. But there’s also currently a movement by the Phoenix Rising soccer club to remove the city and county entities from that process, putting it at the state level.

 

[Llama19]

First comment seen about gate revenue at Mullett...

Arizona Coyotes unveil arena plans for land NHL team wants to buy in Phoenix

To quote:

"In the past two seasons, the team has played in Mullett Arena, the 5,000-seat college hockey arena on Arizona State University’s campus in Tempe. Even though the venue is smaller, Gutierrez said the Coyotes have seen increased demand from fans to attend games in the smaller arena.

Gutierrez said the Coyotes only had 37 games in 17 years in its previous location in Glendale where gate revenue was at $1 million or more. He said that during the 2023-2024 season at Mullett Arena – a year when the team showed some promise at the beginning of the season but will miss the playoffs yet again – the team has had five games with gate revenue at $1 million."

Source (Paywall): www.bizjournals.com/phoenix/news/2024/04/04/arizona-coyotes-unveil-arena-plans-north-phoenix.html

 

[hangman005]

“Not throwing cold water release but….”

What a clown. He got burned once already yesterday for saying the Coyotes “100% fact!” couldn’t sign anyone and the next day the sign one of their top picks to an ELC.

Now he doubles down with this…

I did enjoy the statement though, I know they said what they needed to say... but there is a part of me that would have found it hilarious if the statement said they had no intention of winning the auction and this whole process was just for shits and giggles

 

[TheGreenTBer]

Saying what we were all thinking. Time to put up or shut up for AM. No more excuses. There's no reason he shouldn't win this bid and I expect him to win it. If he doesn't, he might be the fakest motherf***er that has ever owned this team and that is really saying something. If he truly cares about the future of hockey in Arizona he doesn't let this fail for any reason.

I wonder if anyone else is interested in bidding?

 

[TheLegend]

Saying what we were all thinking. Time to put up or shut up for AM. No more excuses. There's no reason he shouldn't win this bid and I expect him to win it. If he doesn't, he might be the fakest motherf***er that has ever owned this team and that is really saying something. If he truly cares about the future of hockey in Arizona he doesn't let this fail for any reason.

I wonder if anyone else is interested in bidding?

Anyone with a $16 million dollar cashier's check and can cover the balance in 30 days...... and a legitimate vetted plan.

 

[TheLegend]

Here are all the notices attached to the auction.

Auction Notice (PDF,10 pages) - Contains all the details of the auction including qualifications, and requirements.

https://land.az.gov/sites/default/files/2024-04/53-124365%20notice.pdf

Auction Flyer (PDF, 1 page)

https://land.az.gov/sites/default/files/2024-04/53-124365_flyer.pdf

Phase 1 ESA (PDF, 325 pages) (Note: Looks like same as the original 200 acre study)

https://land.az.gov/sites/default/files/2024-04/53-124365%20phase1.pdf

ALTA/NSPS Land Title Survey (PDF, 6 pages)

https://land.az.gov/sites/default/files/2024-04/53-124365%20alta.pdf

City of Phoenix Infrastructure Letter (PDF, 10 pages)

https://land.az.gov/sites/default/files/2024-04/53-124365%20City%20of%20Phoenix%20Infrastructure%20Letter.pdf

 

[Brew]

I know Scottsdale is the more ideal spot for various reasons but isn't this proposed site almost as far from downtown Phoenix as the arena in Glendale is?

Glendale to Phoenix is approximately an hour drive.
Scottsdale is a suburb of Phoenix basically, it’s 20 minutes and way more populated than Glendale ever was.

 

[JimAnchower]

First comment seen about gate revenue at Mullett...

Arizona Coyotes unveil arena plans for land NHL team wants to buy in Phoenix

To quote:

"In the past two seasons, the team has played in Mullett Arena, the 5,000-seat college hockey arena on Arizona State University’s campus in Tempe. Even though the venue is smaller, Gutierrez said the Coyotes have seen increased demand from fans to attend games in the smaller arena.

Gutierrez said the Coyotes only had 37 games in 17 years in its previous location in Glendale where gate revenue was at $1 million or more. He said that during the 2023-2024 season at Mullett Arena – a year when the team showed some promise at the beginning of the season but will miss the playoffs yet again – the team has had five games with gate revenue at $1 million."

Source (Paywall): www.bizjournals.com/phoenix/news/2024/04/04/arizona-coyotes-unveil-arena-plans-north-phoenix.html

But what about the public pensions in Ontario?

Probably fair to ask about the distribution of those 37 dates. Are they recent? How many in the last years in Glendale?

 

[GKJ]

Saying what we were all thinking. Time to put up or shut up for AM. No more excuses. There's no reason he shouldn't win this bid and I expect him to win it. If he doesn't, he might be the fakest motherf***er that has ever owned this team and that is really saying something. If he truly cares about the future of hockey in Arizona he doesn't let this fail for any reason.

I wonder if anyone else is interested in bidding?

Have to wonder if the other owners kick in some money if needed just to make sure. Not sure how much this kind of thing costs or what other use can be had for it. Then again, not necessarily the highest bid.

 

[TheLegend]

But what about the public pensions in Ontario?

What about them?

Probably fair to ask about the distribution of those 37 dates. Are they recent? How many in the last years in Glendale?

Safe to say most would include the home playoff games the team had. Plus the sellouts, where they averaged 4-5 per season.

 

[JimAnchower]

What about them?

It was a joke/reference to the commentator earlier in the thread who was concerned that the Coyotes remaining in Arizona created risk for the Maple Leafs and could potentially decrease the value of the pension.

 

[StickShift]

If someone was so inclined to really acquire the Coyotes and relocate them. Let's say Ryan Smyth and the Utah group.

Couldn't they in theory also participate in the auction and win the bid—thus forcing the Coyotes out—and then sell the land they won at the auction to the next highest non-Meruelo bidder?