- Nov 17, 2011
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If you want to get pedantic you can change the "bones" of an arena if you pay enough money. The "renovations" on Climate Pledge Arena (nee Key Arena) completely changed the layout. They also cost over one billion dollars.
The idea of the Suns and Coyotes having the same owners is a good one. They could either completely renovate Footprint center, or design the new Tempe arena with both teams in mind. The question though is who would own them. I don't think Meruelo has the financial capacity: a NBA franchise is worth at least $1 billion, and Meruelo's net worth is only $2 billion. And if someone else was going to step up and buy the Coyotes, why haven't they done so before?
"renovations" on Climate Pledge??? Come on! That wasn't a renovation. The only thing they kept was the roof. Everything is brand new in there. Doing the same at Footprint would be an entirely new arena. I don't know the area, so I don't know if there is room for it there. But I will say this: In Seattle it was potentially a good move because there are good reasons to believe that NBA and NHL will both end up playing there, and there is LOTS of money in Seattle. Couple that with it being the only arena in town, and you have a viable situation. Phoenix is not parallel to that, and no one should expect a privately funded project.