KevFu
Registered User
Honestly, extending the current lease as is, would be Fertitia's best option. Maintain the no-compete clause to ensure that he has less competition for entertainment dollars.
I mean, PHI, Bos, STL, even other arenas like in POR, Van, MON, Tor are older and are not likely to be replaced with a new one. Just spend the money for a renovation.
2003 arena, puts it within 2-3 years of any of the ones in Minny/CBS/Dal/Glendale (more location than anything)/Winnipeg from 2000-2004 and NJ in 2007. How many of those would be abandoned for another arena vs doing a 9 figure renovation?
In NBA, there are the ones in SA, OKC (built bare bones), Memphis, and Charlotte, from 2002 to 2005.
I agree, but in negotiations, you need to give to get, so if you're Houston, do you want to give away the gatekeeping ability for your city's NHL future AGAIN? Or do you want to be a five-sport city?
The other thing is if you build a new arena for the NBA team... then the old building is by definition a competing venue. Houston literally CAN'T give Fertitta the same lease they gave Alexander on a new NBA arena because you're probably not finding another mega church to buy the old NBA arena off you. And it's location is outstanding.
If your Houston, you either want an NBA and NHL team playing nice, in a brand new amazing building... OR you want the NBA owner to build his own privately financed arena and your new NHL team in a renovated Toyota Center.