Welcome to TED Talk - Battle of the Economic Reports is ON!

[TheLegend]

That "Opportunity Zone" thing is a surprise to me.

It was.... but it only kicks in if Meruelo were in this to flip everything.

Steve Ellman was going to sell the Coyotes and Westgate after he got it all built. Meruelo isn't known to flip assets. AFAIK he still owns his tuxedo shops.

 

[Kai Yo T]

It was.... but it only kicks in if Meruelo were in this to flip everything.

Steve Ellman was going to sell the Coyotes and Westgate after he got it all built. Meruelo isn't known to flip assets. AFAIK he still owns his tuxedo shops.

I agree. Even if he did flip the whole thing within 10 years he would be leaving it in much better shape than it's ever been.

 

[Schemp]

It was.... but it only kicks in if Meruelo were in this to flip everything.

Steve Ellman was going to sell the Coyotes and Westgate after he got it all built. Meruelo isn't known to flip assets. AFAIK he still owns his tuxedo shops.

I didn't know about the tuxedo shops. What impresses me about Meruelo is how he took failing casinos and turn them around. I also look at the Coyotes budget being tight right now is because his construction company is waiting to go to work. Once they start working, I could see the internal budget becoming irrelevant.

 

[Coyotedroppings]

Sunday Square Off is Brahm Resnik's show. Resnik is not who I would consider to be someone friendly towards the Coyotes so it's going to depend on who he has on.

Agree, kids name was Kmack from AzRep. Presented it pretty much for what it is, imo. Not really pro, or con.

 

[Coyotedroppings]

I agree. Even if he did flip the whole thing within 10 years he would be leaving it in much better shape than it's ever been.

Yeah, that’s a huge factor imo. Even if he wound up taking advantage of the small portion of opportunity zone, he’ll have left the land better, making him deserving (imo) of capital gains elimination. That should be state only and not federal capital gains taxation.

 

[mouser]

That "Opportunity Zone" thing is a surprise to me.

You might be surprised how many opportunity zones there are in the local area.

 

[Kai Yo T]

You might be surprised how many opportunity zones there area in the local area.

View attachment 708448

Wow! My assumption was that it would be mostly reserved for land that would be more difficult than typical for development. Either that isn't correct or there's a lot of hard to develop land.

Anyways, I guess what matters most is that it isn't uncommon.

 

[mouser]

Here’s a picture of the wider valley area

 

[TheLegend]

You might be surprised how many opportunity zones there are in the local area.

View attachment 708448

I see the opportunity zone as a safety net for Meruelo in case the worst ever happened and nothing else.

 

[Dirty Old Man]

Here’s a picture of the wider valley area

Heh, I live in an Opportunity Zone, TIL.

So...Two of those are for the development/improvement of the historic downtown cores of Chandler and Gilbert. Interesting. And if anyone's noticed the last couple of decades, the transformations of those two areas has been dramatic, not dissimilar to Tempe Town Lake.

 

[MIGs Dog]

I live in an Opportunity Zone

Therefore, you have no excuse.

 

[moosemeister]

Crazy that the few “plan B locations” I’ve heard are all in those zones. Haha

 

[Dirty Old Man]

Therefore, you have no excuse.

All I need is...one billion dollars.

 

[Knights2017]

I can’t believe the election is in like a day. My nerves are definitely kicking up. Praying for a Yes but bracing for a No

 

[AZviaNJ]

I stopped worrying about all this back in 2010....

....well....

....there was the Glendale council meeting in 2013 when I didn't think IceEdge had the votes for that 15-year lease until the last moment.


But other than that I can't get bent over something I have absolutely no control over.

As a ticked off Mayor Tazed is yelling for everyone to turn their phones off during a dust storm alert!

Amazing night almost 10 years ago.

 

[JasonDemersWasOkay]

Holy shit we're less than 2 days away

 

[rt]

@TheLegend - I don’t want to volunteer you for something but as the long time captain of ownership saga around here, I thought it would be fitting if you made us a GDT for this voting deadline.

Also helpful. I don’t know when we’ll know results, where to check for updates. Any of that. I thought about making a GDT to get all the particulars in one place. But it seems like it ought to be yours.

 

[MIGs Dog]

I don’t know when we’ll know results, where to check for updates.

Unofficial results should be posted at the below link at 8 PM

https://elections.maricopa.gov/results-and-data/election-results.html#ElectionResultsSearch

 

[RABBIT]

1:05:40 in. Marek says that he’s hearing that the Coyotes feel positive about this, and are making a strong push today to get this to pass. Friedman wonders if the NHL goes to Matt Ishbia, (the new Phoenix Suns owner) if the vote doesn’t pass to see if there’s any possibility of doing something at the basketball arena.

Also, some suspicion that Logan Cooley will sign with the Coyotes if the arena passes

 

[Pompeius Magnus]

I feel quite confident about this. It seems like the stars are truly aligned and a good enough case has been made to get the casual voters on board. I don't know if you guys have a bet going on the results, but I'm putting my money on 55% for the yes camp

 

[TheLegend]

1:05:40 in. Marek says that he’s hearing that the Coyotes feel positive about this, and are making a strong push today to get this to pass. Friedman wonders if the NHL goes to Matt Ishbia, (the new Phoenix Suns owner) if the vote doesn’t pass to see if there’s any possibility of doing something at the basketball arena.

Also, some suspicion that Logan Cooley will sign with the Coyotes if the arena passes

IOW.... they know less than we do but have to say something.

 

[TheLegend]

@TheLegend - I don’t want to volunteer you for something but as the long time captain of ownership saga around here, I thought it would be fitting if you made us a GDT for this voting deadline.

Also helpful. I don’t know when we’ll know results, where to check for updates. Any of that. I thought about making a GDT to get all the particulars in one place. But it seems like it ought to be yours.

Was planning on a new thread sometime tonight or tomorrow. I have to work tonight so not exactly sure.

 

[GhostofTommyBolin]

1:05:40 in. Marek says that he’s hearing that the Coyotes feel positive about this, and are making a strong push today to get this to pass. Friedman wonders if the NHL goes to Matt Ishbia, (the new Phoenix Suns owner) if the vote doesn’t pass to see if there’s any possibility of doing something at the basketball arena.

Also, some suspicion that Logan Cooley will sign with the Coyotes if the arena passes

Footprint isn't going to work. It would be cheaper for Meruelo to pay for the upgrades and the construction to put the pipes, etc., in there in order to hold the ice, but FanDuel already has the sportsbook in there. He wouldn't get any of that dough. Ishbia has plenty of money to buy the team off Meruelo, though.

 

[rt]

1:05:40 in. Marek says that he’s hearing that the Coyotes feel positive about this, and are making a strong push today to get this to pass. Friedman wonders if the NHL goes to Matt Ishbia, (the new Phoenix Suns owner) if the vote doesn’t pass to see if there’s any possibility of doing something at the basketball arena.

Also, some suspicion that Logan Cooley will sign with the Coyotes if the arena passes

Why would the arena vote have anything to do with Logan Cooley signing or not?

 

[TheLegend]

Good read from Craig this morning.

With favorable Tempe vote, Coyotes finally have opportunity to secure beneficial Valley location - PHNX Sports

For 23 of the Coyotes' 26 seasons in the Valley, arena location has been a crippling handicap to their financial and on-ice success. On Tuesday, the Coyotes

www.gophnx.com