And is that going to do us any good if the NHL wants its actually built and NBA isn't going to expand.
OVG last i heard would do a 50/25 NHL /25 NBA revenue split. Please consider that the arena cost is already taken care. The NHL group only cost they have to handle is the cost of the team.
And here another thing to consider how is sodo arena actually going to be necessary better $$ making wise if A) NHL group has to help fund it B) if Hansen comes to an unreasonable split on revenue.
So far hansen has no NHL investor. ANd he said that recently that he doesn't have one.
Clearly the better chance of us actually getting a NHL team is not sodo arena its actually one of AEG or OVG arena key arena remodel cause its actually going to be built on spec not wait for teams that may not actually come or want arena built on spec.
I think I am following you here. I have said for a long time that I thought that SoDo with Hansen owning the land is a no-go for the NHL. And, I have tried to explain my reasoning, and it's basically what you just said:
Hansen owns the land. It's HIS project. He is NOT going to give an NHL-guy a favorable lease, when what he really wants is an NBA team, and the NBA team gets all the goodies. Even in the event that an NHL guy comes in on the building cost, I don't think Hansen does the project unless, eventually, HIS NBA team gets the favorable part of the incomes.
For that cause, I agree. If you really want NHL in Seattle, you'd better hope that SCC decides to go along with either AEG or OVG.
You are claiming that OVG is offering the NBA and NHL a 50/25/25 revenue split. I find that hard to believe, when OVG has all the risk involved in building the place in the beginning, but I suppose that 8M/yr naming rights for 35 years is a lot of money, too, and that 8M/yr (I just picked that number at random, but it would be a high number) wouldn't be there without NHL/NBA.
Without the 50/25/25 there is NO WAY that it pencils out for an NHL team. No. Way. They would only have game night revenues, and that's not enough.
So, let's ignore the 50/25/25 for a minute.....
SoDo- NHL. No way.
SODO NBA. Sure. That's Hansen's baby.
Seattle Center NHL without a revenue split? No way.
Seattle Center NBA without a revenue split? No way.
Those are all money losers.
It's possible. Maybe. If OVG or AEG offers a favorable split, that NBA or NHL could make it at Seattle Center.
Like you said, that's what you have to hope for.
I know that many there think that the traffic situation makes SODO the better location, and I agree. But, the economics seem to suggest to me that, if you really want NHL, then LQA is the only location that works.