Coyotes Announce Plans for New Arena (Phoenix, Glendale: cost of, club, light rail)

[azriverfan.]

Originally Posted by cjseliga

I would think that the Salt River Pima-Maricopa Indian Community would be paying for the rest of the arena.

That's not how it usually works. With Odysea acquarium, they gave them the land but the company built the acquarium. The company leased the land from them

Unless they somehow merge a casino with the stadium, I don't see why they would build it either. They are not stupid. They are not going to rely on "sales tax" revenue to recoup 200 million in construction costs.

That being said, a casino style stadium would be a fun experience.

The only place I can see the Coyotes succeeding is the east valley where the tribal land is located. That location is perfect. You would get the Scottsdale, PV, Tempe, Chandler and Mesa population for sure because that's just easy drive up north( for most of the east valley) on the 101 which is going against traffic.

[azriverfan.]

Originally Posted by Bates419

The City and State should really look at what revenue is created from having a team here. And I'm not talking about pie in the sky economic effect numbers. I'm talking income tax from players and team officials plus taxes levied on team revenue. Neither should even consider spending more than they will be getting in return and should be making money from the transaction. As an example if income tax from team and tax from tickets and merchandise all equals $30 million per year I could see Govt kicking in $20 million per year to support an arena. No idea if numbers are anywhere near accurate FTR.

Sadly, Seattle will pull the trigger. They learned their lesson after losing the Sonics so now they will do whatever they can to recoup sports team. They will give them 200-300 million to build a stadium in Seattle.

[Potential_Landlord]

Originally Posted by azriverfan.

Sadly, Seattle will pull the trigger. They learned their lesson after losing the Sonics so now they will do whatever they can to recoup sports team. They will give them 200-300 million to build a stadium in Seattle.

This would be the marker to bust the coastal city bubble and particular Amazon - Seattle bubble. Seattle has 40% more building cranes than the next US metro. Everyone buys into the inner city and online retail bubble by now. Phoenix would be wise to let the Coyotes go and win the economic future for the next 20 years. If after that they start attracting major sports teams again... then he suburbia bubble will burst. Still a long time away though.

[cjseliga]

Originally Posted by azriverfan.

That's not how it usually works. With Odysea acquarium, they gave them the land but the company built the acquarium. The company leased the land from them

Unless they somehow merge a casino with the stadium, I don't see why they would build it either. They are not stupid. They are not going to rely on "sales tax" revenue to recoup 200 million in construction costs.

They build the arena and the Yotes lease it from the tribe, plus with other shows and concerts there, the tribe gets their money back that way.

[phoenixmike11]

Your take: Coyotes fans weigh in on NHL's arena ultimatum

[azriverfan.]

Originally Posted by cjseliga

They build the arena and the Yotes lease it from the tribe, plus with other shows and concerts there, the tribe gets their money back that way.

I can see that happening. Plus if the tribe incorporate some type of gambling or casino as part of the stadium (club level section with gaming that is adult only) or a casino that directly connects to the stadium would be big for them.

[stevek64]

Originally Posted by Burning Madolf

Easy. Professional business men (some very successful, some not) play stupid pols from from different cities and or states against each other and voilà you have new stadiums, tax credits, etc. at public cost for private profit.

Voters should play the similiar game on a different level and vote politicians out who play the giveaway taxpayer money game.

Originally Posted by Bates419

Not familiar with the technology field I assume?? How about manufacturing??

Sure, it's wrong in my view no matter what private company is getting, plants/stores/stadiums/etc., built for them in a large part via tax payers dollars, especially with little to no to negative ROI which is what happens in the stadium building biz. I certainly appreciate the bought off nature of politics/favors owned to the donors but voters should wake up and vote people out who play this game as voters have the ultimate say in this.

[TempeAZnative]

The only stadium I'm for is a dual arena downtown with the suns otherwise they have a perfectly good arena built for them in Glendale or they can leave.

[cjseliga]

Originally Posted by azriverfan.

I can see that happening. Plus if the tribe incorporate some type of gambling or casino as part of the stadium (club level section with gaming that is adult only) or a casino that directly connects to the stadium would be big for them.

Or a hotel as well. They should make their money back eventually, but you're right it will be a big investment on their part initially. Plus this type of partnership/development has never happened before in any of the "Big 4" leagues, so this would be uncharted territories.

[cjseliga]

Originally Posted by TempeAZnative

The only stadium I'm for is a dual arena downtown with the suns otherwise they have a perfectly good arena built for them in Glendale or they can leave.

Maybe they can do an extreme move, a first of its kind, and cut the Glendale arena up into pieces and truck it across the metroplex and reassemble it!

I'm sure after the Yotes leave Glendale, they would probably want to get rid of the arena anyways. It would be the greatest building recycling ever. Epic, I tell you.