CXLIII - UPDATED 6/3 - Coyotes arena deal takes next step after Tempe council votes to open negotiations

[BKIslandersFan]

Was it ?
Prove it, otherwise mind YOUR business!

Give it a rest fella and stop playing semantics.

 

[WeaponOfChoice]

It's HIM who's playing semantics? I'd say mind your business. (lolz)

 

[TheLegend]

Well without much news happening and hockey season another month or so away I fully expected the drive by posters would chime in sooner or later.

 

[Llama19]

Please see the attached documents in response to your public records request for:

All documents sent to or presented to City Staff and Council from Coyote management and/or their legal representatives (Nick Wood/Snell &Wilmer). Dates covered would be June 2021 through current.

The attached documents represent the documents the city believes are responsive to your request. We are continuing to search to see if there are other documents that may be responsive to the request. If any are located, we will update this response.

Thank you.

Sincerely,
Clarence Matherson Jr.
Deputy City Attorney
Tempe City Attorney's Office
21 E. Sixth Street, Suite 201
Tempe, Arizona 85281
480.350.8227
Fax 480.350.8645
www.tempe.gov


Files attached to this message


Filename Size Checksum (SHA256)
Bluebird Development RFP Submittal (#22-030).pdf 5.28 MB a05ddb7cd27256e46b60c18e6dbfc68d883a89e6bfe54058d84a1ed8021ff661
Executed Offer Forms.pdf 222 KB ea659e3026943d9622d0086a344d977236a00ec4584c3b3e1bcdf01b37174212
Exhibit A - Site Plan Rendings & FAA Analysis.pdf 9.86 MB 970cc1dc2d5358d5a78e8f218ab41072749c15a7394227d5215f874f6bc619ff
Exhibit B - Economic Impact Report.pdf 7.49 MB 7680054cd58d4515202f71a2bc3228240e9f67f4ffd09c244e26da74ad23714d
Exhibit C - Detailed Public Benefit Calculations.pdf 291 KB ee8123dc786b213f4a365dc103f79a07c41ded5eeb888e0987d95328055a4142
Exhibit D - Developer Yield on Cost Analysis.pdf 241 KB 7d3b8178ea251ffe589f5fcad2c6f991b8ccf764523d20311149904a7982dd34
Exhibit E - Construction Resumes & Case Studies.pdf 8.14 MB 83b626ff732224ec6ea5fb6cf05284fce6624d7c475db6d6b632bba695226a6e
Exhibit F - Traffic Impact Report.pdf 8.51 MB f7ff8ba0111c8ae1a0168a0893d7ddb08f991aa5ec966bd5d76247f705c0bf4c
Exhibit G - Public Safety Report.pdf 252 KB e2e3e956249590155704fb8fb1b31e3eac18bc9e9cbc55ff411fafb9562748f5

Please click on the following link to download the attachments: Message | City of Tempe Secure File Transfer

This email or download link can be forwarded to anyone.

The attachments are available until: Thursday, 15 September.

 

[TheLegend]

^^^ Very nice. Kudos to Llama for ferreting it out.

If anyone is confused…

Click on the link near the bottom and it will bring up the list of docs.

The top one is just the original application.

But the GPLET and TPT calculations are there in one of the other exhibits

I’m not at my PC right now but going to grab the other exhibits tonight.

 

[Llama19]

Correct...the 'Please click on the following link to download the attachments: Message | City of Tempe Secure File Transfer' the message part is the translated file download link...

The direct file transfer link is: filetransfer.tempe.gov/message/XOrtqYUm9xYXI3aOakRlDr

 

[Llama19]

'We have nowhere to go': Tempe cracks down on homeless camps in Rio Salado riverbed

To quote:

"The encampment is right next to the proposed Arizona Coyotes stadium and entertainment district that may be built on the 46-acre plot of land currently housing a city operations yard.

The City Council approved opening negotiations for the development in early June, when Tempe ramped up its clearing efforts, although staffers said the project did not influence their decision to remove the encampment."

Source: www.azcentral.com/story/news/local/tempe/2022/09/01/tempe-homeless-encampment-rio-salado-riverbed/7950573001/

 

[TheLegend]

'We have nowhere to go': Tempe cracks down on homeless camps in Rio Salado riverbed

To quote:

"The encampment is right next to the proposed Arizona Coyotes stadium and entertainment district that may be built on the 46-acre plot of land currently housing a city operations yard.

The City Council approved opening negotiations for the development in early June, when Tempe ramped up its clearing efforts, although staffers said the project did not influence their decision to remove the encampment."

Source: www.azcentral.com/story/news/local/tempe/2022/09/01/tempe-homeless-encampment-rio-salado-riverbed/7950573001/

That’s not the Coyotes’ fault. 90% of the article outlines the problem which has existed there for years.

But they managed to sneak in a paragraph about TED and suddenly it’s something else??

Don’t ever change.

 

[awfulwaffle]

'We have nowhere to go': Tempe cracks down on homeless camps in Rio Salado riverbed

To quote:

"The encampment is right next to the proposed Arizona Coyotes stadium and entertainment district that may be built on the 46-acre plot of land currently housing a city operations yard.

The City Council approved opening negotiations for the development in early June, when Tempe ramped up its clearing efforts, although staffers said the project did not influence their decision to remove the encampment."

Source: www.azcentral.com/story/news/local/tempe/2022/09/01/tempe-homeless-encampment-rio-salado-riverbed/7950573001/

This was your biggest takeaway out of all of the documents you requested?

 

[TheLegend]

Have pulled the docs listed above.

From scanning through them it looks like they are the original exhibit documents submitted to the city by Bluebird Development (nee: Meruelo Group) under the RFP application..

Anyone who watched the initial city council meeting in June would know there have been some obvious changes made in the financing structure since then, but at least it gives the starting point.

 

[TheLegend]

This was your biggest takeaway out of all of the documents you requested?

That post is a red herring.

 

[Dirty Old Man]

That’s not the Coyotes’ fault. 90% of the article outlines the problem which has existed there for years.

But they managed to sneak in a paragraph about TED and suddenly it’s something else??

Don’t ever change.

Wow. Yeah, typical non sequitur.

There are areas east and west of Tempe town lake that are surprisingly lush and green for a desert (Google "riparian environment", and that's the biggest river around)...but of course the reason for that is that it's a bloody RIVERBED. I mean, sure you chuckle when you walk along the edge of that (it's paved and.lit) and see these huge "no trespassing flood danger" signs, and it's 105 and hasn't rained in weeks...but I've also seen it wall to wall water although only a few feet deep. It's impressive. And not a campground.

 

[aqib]

Discussing is one thing but being mad and angry and demanding they move is just hilarious to me.

Also the lunacy of prending to know how to make money better than billionaires, who for the most part, made their money and not inherit it.

I remember a video of the bankruptcy court judge in the Coyotes case saying "the best way to make a small fortune is to start with a large fortune and then buy an NHL team" Jerry Moyes is a billionaire, I think Andrew Barroway was as well, I am not sure if Gluckstern was but his co-owner with is Islanders (Howard Milstein) definately was. All of them lost a crap load of money owning NHL franchises. So yeah I think an average dude who follows hockey can chime in from time to time.

 

[TheLegend]

I remember a video of the bankruptcy court judge in the Coyotes case saying "the best way to make a small fortune is to start with a large fortune and then buy an NHL team" Jerry Moyes is a billionaire, I think Andrew Barroway was as well, I am not sure if Gluckstern was but his co-owner with is Islanders (Howard Milstein) definately was. All of them lost a crap load of money owning NHL franchises. So yeah I think an average dude who follows hockey can chime in from time to time.

Jerry Moyes had to steal money from his children’s trust account to buy his way back into control of Swift Transportation after the SEC kicked him out for insider trading with his company’s stock. Virtually all his wealth was in Swift then.


Steve Ellman wasn’t a real billionaire. He was a developer who saw the Coyotes as a means to an end. Moyes saw it the same way.

Barroway controlled a hedge fund worth over a billion. He had a group of investors with him when he tried to buy the Islanders.

Alex Meruelo sees the Coyotes as something along the same lines as Ellman but has far more resources.

 

[BKIslandersFan]

I remember a video of the bankruptcy court judge in the Coyotes case saying "the best way to make a small fortune is to start with a large fortune and then buy an NHL team" Jerry Moyes is a billionaire, I think Andrew Barroway was as well, I am not sure if Gluckstern was but his co-owner with is Islanders (Howard Milstein) definately was. All of them lost a crap load of money owning NHL franchises. So yeah I think an average dude who follows hockey can chime in from time to time.

Fact of the matter is NHL owners want Coyotes to remain in Arizona. And its not our money. Yall gotta relax and not be so nationalistic about this. Nationalism is how Nazis rose to power.

 

[LPHabsFan]

I thought all those simplistic and inflammatory arguments on this subject that have no actual logical basis for what is being responded to was supposed to be limited to the main boards whereas here we discuss the actual business and merits of the topic at hand.

 

[BKIslandersFan]

I thought all those simplistic and inflammatory arguments on this subject that have no actual logical basis for what is being responded to was supposed to be limited to the main boards whereas here we discuss the actual business and merits of the topic at hand.

Good point. Let’s get the nationalism out of here. No more move so and so to Canada solely because it’s Canada and cities in south never care about hockey argument. It’s intellectually lazy and inflammatory.

 

[LPHabsFan]

Swing and a miss......

 

[aqib]

Jerry Moyes had to steal money from his children’s trust account to buy his way back into control of Swift Transportation after the SEC kicked him out for insider trading with his company’s stock. Virtually all his wealth was in Swift then.


Steve Ellman wasn’t a real billionaire. He was a developer who saw the Coyotes as a means to an end. Moyes saw it the same way.

Barroway controlled a hedge fund worth over a billion. He had a group of investors with him when he tried to buy the Islanders.

Alex Meruelo sees the Coyotes as something along the same lines as Ellman but has far more resources.

I never said Ellman was. Moyes and Barroway were both listed as having net worth that high but realistically unless someone has their holdings in public companies (Bezos, Musk, etc.) we don't know what they are really worth,

 

[aqib]

Fact of the matter is NHL owners want Coyotes to remain in Arizona. And its not our money. Yall gotta relax and not be so nationalistic about this. Nationalism is how Nazis rose to power.

no one's being nationalist here. We're just discussing the business of an NHL team on a message board literally called "Business of Hockey Forum." You're the one telling people what they should and shouldn't talk about. Attempting to suppress speech and silence views you don't agree with is closer to Nazism then people wanting more NHL teams in their country.

 

[BKIslandersFan]

no one's being nationalist here. We're just discussing the business of an NHL team on a message board literally called "Business of Hockey Forum." You're the one telling people what they should and shouldn't talk about. Attempting to suppress speech and silence views you don't agree with is closer to Nazism then people wanting more NHL teams in their country.

I am not suppressing anything. Y’all can do what you want to do. I am just pointing out the nationalism that goes around MOVE EVERY TEAM TO CANADA nonsense. I am an Islanders fan and I’ve seen that BS with us and QC.

 

[TheLegend]

I never said Ellman was. Moyes and Barroway were both listed as having net worth that high but realistically unless someone has their holdings in public companies (Bezos, Musk, etc.) we don't know what they are really worth,

The point is.... being a "billionaire" doesn't always mean what people tend to think it means.

Example..... I'm not totally sure where Alex Meruelo is from a liquidity standpoint. But....

When Steve Ellman sold his Westgate project to Glendale he convinced the city they needed to build the arena up front. The arena was open for almost a year before any ground was broken on Westgate proper.

OTOH.... so far Alex Meruelo has spent roughly $40 million up front to ASU as a temporary solution, and as of the June Tempe city council meeting, is committing another $40 million up front of the $70 million required to remediate the land for TED.

 

[aqib]

I am not suppressing anything. Y’all can do what you want to do. I am just pointing out the nationalism that goes around MOVE EVERY TEAM TO CANADA nonsense. I am an Islanders fan and I’ve seen that BS with us and QC.

You're the one telling people to "mind their own business" when they are commenting on an open forum.

As far as nationalism goes, Canadians want more teams in Canada. That's not nationalism we just like hockey a lot up here. So if the NHL is going to stop at 32 teams the only way QC and Hamilton will get teams is if someone moves.

Americans were circling around the Expos for years. They didn't like the Jays winning the World Series or the NBA expanding here

The point is.... being a "billionaire" doesn't always mean what people tend to think it means.

Example..... I'm not totally sure where Alex Meruelo is from a liquidity standpoint. But....

When Steve Ellman sold his Westgate project to Glendale he convinced the city they needed to build the arena up front. The arena was open for almost a year before any ground was broken on Westgate proper.

OTOH.... so far Alex Meruelo has spent roughly $40 million up front to ASU as a temporary solution, and as of the June Tempe city council meeting, is committing another $40 million up front of the $70 million required to remediate the land for TED.

My point is simply just because one person is a billionaire and the other person isn't, that doesn't mean that the billionaire is automatically right about everything and the other person is wrong if they disagree with him.

 

[TheLegend]

My point is simply just because one person is a billionaire and the other person isn't, that doesn't mean that the billionaire is automatically right about everything and the other person is wrong if they disagree with him.

Well at this point.... Meruelo's put more skin into the game than anyone.

 

[BKIslandersFan]

You're the one telling people to "mind their own business" when they are commenting on an open forum.

As far as nationalism goes, Canadians want more teams in Canada. That's not nationalism we just like hockey a lot up here. So if the NHL is going to stop at 32 teams the only way QC and Hamilton will get teams is if someone moves.

Americans were circling around the Expos for years. They didn't like the Jays winning the World Series or the NBA expanding here



My point is simply just because one person is a billionaire and the other person isn't, that doesn't mean that the billionaire is automatically right about everything and the other person is wrong if they disagree with him.

I tell people to mind their own business when they start getting too emotional about something they have no control over or impact their lives. People getting mad over Coyotes playing in that tiny arena is just silly. Mind your own business and move on with your lives instead of getting mad about this nonsense, is all.

Canada is not some small country where people can drive to one point to another. How does Hamilton not getting a team impact someone who lives in Alberta or Manitoba? Border is nothing more than an imaginary line. Caring about Hamilton getting a team because they happened to be above that line when you can;t even drive there is just craziness.

And I assure you no Americans ever cared about Expos being in Montreal. In fact a lot of Yanks want Montreal Expos back. Even if there are lunatics like that its probably a lot less than hockey fans who want all southern teams moving up north (not necessarily to Canada or are Canadians).

If they are merely disagreeing its fine. But they are actively trying to tell billionaires they are wrong and insisting they know better at making money. Just a ridiculous behavior. I don't trust billionaires for anything other than making money. If they see money in QC and Hamilton, they would have a team. Its that simple.