Coyotes Search For A New Arena

[jf-08]

I Love this location. I think it's great that ASU hockey is being supported as well.

 

[puckhead]

I'll get excited when I see them break ground.

 

[puckhead]

Pretty.

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[Dback Jon]

Pretty.

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I like that!

 

[BillsCarnage]

Pretty.

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Camel View villiage up north of Fashion Square at Highland has a similar look to that concept.

https://www.google.com/maps/@33.507...iEycv1XwMJd8k2TK1Q!2e0!7i13312!8i6656!6m1!1e1

 

[SunCityCarl]

Congratulations City of Glendale! Now you can turn your attention to pissing off the Bidwill's & the NFL & maybe they'll move too! Gila River Arena just took it's first step to becoming an albatross!

 

[Azlen]

I wonder how much Tempe will have to kick in and how they will do so.
I have no idea what Glendale is going to do with their arena. That's a lot of dates with an empty arena and there aren't that many concerts and other things you can fill it with considering they will be one of three arenas of that size and the only one of the three on a far side of town.

 

[BillsCarnage]

I have no idea what Glendale is going to do with their arena. That's a lot of dates with an empty arena and there aren't that many concerts and other things you can fill it with considering they will be one of three arenas of that size and the only one of the three on a far side of town.

Maybe make it a year round haunted house? Maybe in a few years it'll show up on one of those Abandoned places to visit.

 

[Kel Varnsen]

I Love this location. I think it's great that ASU hockey is being supported as well.

Yeah, it sounds like a pretty interesting arrangement. The new location should be a boost for attendance, too.

 

[Azlen]

From what I heard this morning on an interview with Anthony LeBlanc and 98.7 this morning, the public cost will come from tax revenue collected at the project and not a separate tax. I think that's about as good as you can get from a public/private partnership and is something more likely to be approved. The tax revenue wouldn't be there without the project so it's not like money will need to be taken from elsewhere.

 

[puckhead]

From what I heard this morning on an interview with Anthony LeBlanc and 98.7 this morning, the public cost will come from tax revenue collected at the project and not a separate tax. I think that's about as good as you can get from a public/private partnership and is something more likely to be approved. The tax revenue wouldn't be there without the project so it's not like money will need to be taken from elsewhere.

Here's a little more from LeBlanc:

Now the question for many is how is this plan going to come into fruition? It’s going to cost a lot of money, as many sporting facilities do, and LeBlanc said Monday the cost would be in the $400 million range which the team expects to be responsible for half of. But that other $200 million isn’t going to come straight from taxpayers pockets, which was a misconception that many people had after the announcement, according to LeBlanc.

“We’re not going out – and I read all the reports over the past 24 hours, people saying that we’re looking for $200 million from the state, that’s not accurate. What we are looking for is purely a refund on a portion, just a portion, of taxes that are generated within this development. That’s it,” LeBlanc said. “And furthermore, we’re not looking for the state to hold the bag, so to speak. We, as the Coyotes, will actually guarantee that if the taxes that we are speculating and that we are forecasting, if they are not met, if it is a dollar short, the Coyotes will be the one to cover that off. So what we’re looking for is just a portion of a revenue stream that would not exist if the arena was not there. That’s it.”

...

“The problem that I have is because it’s a sports arena, people automatically just put this negative spin on it. And what we’re asking for is very commercial, very taxpayer-friendly,” LeBlanc said. “We’re not asking for any general funds and this is a very typical economic recruitment, or economic development or retention that you would see from any corporation and that’s all we’re looking for.

http://arizonasports.com/story/902840/coyotes/

 

[Skratchy_Seal]

I love how the Coyotes are showing their commitment to AZ. Usually, it's just a bunch of hot air coming from teams about wanting to stay in their city, but the Coyotes are doing everything they can to make this win-win for everyone. I hope they succeed.

 

[BillsCarnage]

I love how the Coyotes are showing their commitment to AZ. Usually, it's just a bunch of hot air coming from teams about wanting to stay in their city, but the Coyotes are doing everything they can to make this win-win for everyone. I hope they succeed.

They, and the NHL, have been very consistent on their commitment to the market for a long time. The team could have moved long ago and didn't.

Like I mentioned earlier this location is right smack dab in the middle of the disposable income area. They should get a much larger walk-up crowd on game nights. I just hope the plans include expanding traffic flow, because it could be a real bear on game nights.

 

[Jersey Girl]

Love it! I will definitely be seeing more hockey games now that the Coyotes will be on the East Side. Ticket package? Oh, yeah.

 

[Bodha]

I love how the Coyotes are showing their commitment to AZ.

Watch them leave AZ in 2020

Then we'll have 2 billion dollar empty stadiums.

 

[chickenhead]

I wouldn't be surprised. A distressed asset purchased from league custodianship, which then sells a majority share to an out-of-town hedge-fund majority owner shortly thereafter, with a new arena now in the works ("only" asking for a tax refund)... I realize I am being really skeptical here, but I also would be surprised if the team is sold again a year after the arena is built. Not saying it would move at that point, just that I don't necessarily think anyone is really committing to Arizona beyond the money to made from the capital investment and (hopefully) near-term boost in revenue.

 

[puckhead]

A plan to build a new home for the Arizona Coyotesin Tempe is dead.

Arizona State University said in an email Friday evening that the university "has no intention of proceeding to sign a development agreement or an option to lease or any other agreement with the Coyotes."

ASU's master developer, Catellus Development Corp., had negotiated with the Coyotes since November on a development plan that would have included ice rinks for the Coyotes and Sun Devil Athletics.

ASU did not say in its statement why it was ending negotiations.

But legislation recently introduced at the Capitol to create a funding mechanism to build the ice rinks quickly drew opposition.

http://www.usatoday.com/story/sport...ut-plan-bring-arizona-coyotes-tempe/97460974/

 

[Dback Jon]

Back to square one

 

[BillsCarnage]

L-A-M-E

 

[bankybruce]

The current owner's met with Paul Allen and toured the Moda Center this week. Rumor is he is willing to let them use the Moda Center if he can purchase a large stake in the team. They think the Coyotes have a 50/50 shot of moving to Portland.

 

[puckhead]

The current owner's met with Paul Allen and toured the Moda Center this week. Rumor is he is willing to let them use the Moda Center if he can purchase a large stake in the team. They think the Coyotes have a 50/50 shot of moving to Portland.

A spokesperson for Key Arena said, “(the city) recently had a tour for potential developers and potential ownership groups and there was a representative from the (Coyotes) that was part of that.”

He was unaware what member of the organization was part of the tour.

Arizona Coyotes Executive Vice President of Communications Rich Nairn denied the rumors, when asked about the reports of members touring the two arenas.

“That is false,” Nairn said via email.

Glendale City Manager Kevin Phelps said he is hopeful the team will remain in the city-owned arena for years to come

Who freaking knows?

I usually get to wait until the summer before the relocation rumors start up. Christmas came early this year.

http://www.glendalestar.com/news/article_08ed58bc-ecbb-11e6-ad2c-0f7ab41ea5a0.html

 

[puckhead]

Here's the explanation from Craig Morgan about why ASU pulled out:

Maybe the Coyotes could have framed the deal better when it was announced by de-emphasizing ASU’s involvement with a sensitive Arizona State Legislature watching every penny spent, but the death of this deal had little if anything to do with the Coyotes. It was a game of politics where ASU President Michael Crow had to choose his battle, Sen. Bob Worsley, R-Mesa, told Arizona Sports on Monday in an opinion echoed by multiple other sources.

“They just had a very complex legislative slate this year where they are trying to do some creative things with the governor,” Worsley said. “They’re considering up to a billion dollars of bonding to build some new research buildings and grow, really all of three state universities, but in particular ASU’s engineering prowess.

“That is core to the ASU business model and this Coyotes deal, although it started sooner, I think it was probably too many things crossing over and confusing people.”

...

What frustrated Worsley and others was the insistence by some in the Legislature on lumping those engineering efforts in with the Coyotes deal.

“They weren’t linked and didn’t need to be linked, but for a less sophisticated person looking at it, they might seem to be linked,” Worsley said. “The billion dollar bond is linked to this TPT (transaction privilege tax) or sales tax for all university system purchases and that’s about $36 million a year. That $36 million becomes a payment through mechanisms they want to use to borrow a billion to pay off the bonds.

“The Coyotes deal was going to split, 50-50, the TPT or sales tax generated from Coyotes facilities. It has nothing to do with ASU’s facilities and operations. One is Coyotes operations; the other is university operations. They were only linked in the imagination of people, but because ASU’s name was associated with both it seemed like they were getting some kind of sales tax relief from the state. I’m sure Michael Crow felt like they had to clarify one issue; not both.”

http://arizonasports.com/story/1017598/whats-next-coyotes-search-new-arena/

 

[bankybruce]

Who freaking knows?

I usually get to wait until the summer before the relocation rumors start up. Christmas came early this year.

http://www.glendalestar.com/news/article_08ed58bc-ecbb-11e6-ad2c-0f7ab41ea5a0.html

They talked about Key Arena too. Said it would be a temporary home until they build a new one. That place is a dump and they want to build a building that could house Basketball and Hockey, but without Basketball it was hard to guarantee. Because of that, Seattle is out of the running. KC was the other city mentioned. They made it sound like the current majority owner is ready to unload because of the stadium issues and could profit about $100 if he does.

 

[chickenhead]

Sharing a new downtown arena with the Suns is the only sensible solution IMO. It's already silly that they play in separate arenas. And there certainly shouldn't be any public funding or rebates for two new arenas (or one, for that matter...).

But Sarver reportedly isn't interested in sharing arena revenue, and no one is going to want to own the Coyotes as a tenant, so the timelines just don't add up.

Frankly the part of the Portland/Seattle rumors that worries me most is Sarver threatening to move the Suns to Seattle if the Valley doesn't roll over for him.

 

[puckhead]

FOR IMMEDIATE RELEASE:
Thursday, February 9, 2017

GLENDALE, ARIZONA --- Arizona Coyotes President and CEO Anthony LeBlanc issued the following statement today regarding recent Glendale Star reports.

"Recent reports by the Glendale Star that the Coyotes ownership group has explored arena options outside the Arizona market are completely false. The Star referenced an anonymous arena source and an anonymous Coyotes source, and these are a fabrication.

"The Coyotes are focused on creating one of the most taxpayer friendly facilities in the country here in the Valley. This new arena will pay for itself, create jobs and generate millions of dollars of revenue for the state, county and municipality where it's built. We are fully committed to Arizona."

https://www.nhl.com/coyotes/news/coyotes-reaffirm-their-commitment-to-arizona/c-286585782