CXLIV - The Tempe era set to begin as ASU opens Mullett Arena

[TheLegend]

Tempe is beginning to release the information for TED. Full DDA is posted along with other supporting documents

All the documents can be found here:

Tempe Entertainment District | City of Tempe, AZ

A mixed-use project incorporating a professional sports franchise and entertainment district is planned for two parcels of city-owned land totaling 46 acres at the northeast corner of Priest Drive and Rio Salado Parkway.

www.tempe.gov

 

[Tom ServoMST3K]

I've long maintained that municipalities get good value for an arena, especially if you design it right so you can host smaller events in addition to the bellcow of a sports team.

It's those big football stadiums that are the real giant money pit - All the money, for what - 9 regular season football games and a few concerts a year.

 

[SupremeTeam16]

Am I reading correctly that the Coyotes ownership group is pledging to build using just private funds? It can’t be very often that stadiums are privately funded to that extent, especially considering potential for delays and soaring building costs. I don’t know all the ins and outs of deals like this but If I was a local I’d definitely want to see an iron clad funding model with financing all lined up and agreements in place before voting in favour. It seems like the ownership group has all its eggs in the Tempe basket and I’d hate to see a situation where the city sells them the land on a sweetheart deal only for financing to fall through or costs to rise exorbitantly and they come back looking for taxpayer dollars. I also wonder if sentiment in nearby Glendale might affect how some residents feel about the project.

Hopefully it works out, coyotes fans have been stuck in a hell loop of uncertainty around the team and it’s definitely a growing market with lots of potential.

 

[gstommylee]

Am I reading correctly that the Coyotes ownership group is pledging to build using just private funds? It can’t be very often that stadiums are privately funded to that extent, especially considering potential for delays and soaring building costs. I don’t know all the ins and outs of deals like this but If I was a local I’d definitely want to see an iron clad funding model with financing all lined up and agreements in place before voting in favour. It seems like the ownership group has all its eggs in the Tempe basket and I’d hate to see a situation where the city sells them the land on a sweetheart deal only for financing to fall through or costs to rise exorbitantly and they come back looking for taxpayer dollars. I also wonder if sentiment in nearby Glendale might affect how some residents feel about the project.

Hopefully it works out, coyotes fans have been stuck in a hell loop of uncertainty around the team and it’s definitely a growing market with lots of potential.

Ours was 100% private and it ended up costing over a billion but cost being so high was due to the historic roofline of the arena having to be kept intacted. It would been cheaper if it didn't qualify to be historic landmark. The tempe plan is way more than just an arena.

 

[awfulwaffle]

I've long maintained that municipalities get good value for an arena, especially if you design it right so you can host smaller events in addition to the bellcow of a sports team.

It's those big football stadiums that are the real giant money pit - All the money, for what - 9 regular season football games and a few concerts a year.

I think it's a good addition to have a music venue as well. Not sure what it would look like, if it'll be setup with grass field. They can have the different music events they normally have on tempe beach park there(like innings festival and such).

Am I reading correctly that the Coyotes ownership group is pledging to build using just private funds? It can’t be very often that stadiums are privately funded to that extent, especially considering potential for delays and soaring building costs. I don’t know all the ins and outs of deals like this but If I was a local I’d definitely want to see an iron clad funding model with financing all lined up and agreements in place before voting in favour. It seems like the ownership group has all its eggs in the Tempe basket and I’d hate to see a situation where the city sells them the land on a sweetheart deal only for financing to fall through or costs to rise exorbitantly and they come back looking for taxpayer dollars. I also wonder if sentiment in nearby Glendale might affect how some residents feel about the project.

Hopefully it works out, coyotes fans have been stuck in a hell loop of uncertainty around the team and it’s definitely a growing market with lots of potential.

Well there wsa already a development review/investigation done and they noted in it(linked on the tempe webpage that legend provided) that they have the finances to handle this project.

 

[SupremeTeam16]

Ours was 100% private and it ended up costing over a billion but cost being so high was due to the historic roofline of the arena having to be kept intacted. It would been cheaper if it didn't qualify to be historic landmark. The tempe plan is way more than just an arena.

Are you talking about

Ours was 100% private and it ended up costing over a billion but cost being so high was due to the historic roofline of the arena having to be kept intacted. It would been cheaper if it didn't qualify to be historic landmark. The tempe plan is way more than just an arena.

is that Seattles arena? Was there a reason they chose to renovate that building as opposed to a building a new complex if the cost was so high due to imposed restrictions regarding the roof? That seems weird especially considering it was built using all private funds.

But I guess it’s easier to swallow when you have one of the richest men in the world willing to grossly overpay on naming rights for a pet project.

 

[gstommylee]

Are you talking about

is that Seattles arena? Was there a reason they chose to renovate that building as opposed to a building a new complex if the cost was so high due to imposed restrictions regarding the roof? That seems weird especially considering it was built using all private funds.

But I guess it’s easier to swallow when you have one of the richest men in the world willing to grossly overpay on naming rights for a pet project.

yea our arena. Its mostly politics and no one actually did a full study on if it was actually possible to redo key arena while keeping the roof in place and turn it into a modern state of an art arena. They literally had to dig down another 15 feet and redo the foundation while temporary supporting a 44m pound roof with nothing but steel columns and beams. It was for a while, when they were digging down and getting the new support columns built, literally nothing more than a floating 44m pound roof. Something like that to still be able to keep the roof in place while cutting its original foundation away to do the work has never ever been attempted before and is considered a engineering marvel imo.

it would been cheaper to tear the whole roof down (if the roof didn't qualify as a historic landmark) and rebuild from ground up than trying to adapt to the restrictions of that roof.

 

[Llama19]

In the weeks leading up to the November 29 vote, Sky Harbor met with the City of Tempe and worked with the developer to ensure that the airport is provided protections to support its long term growth and future development. Negotiations wrapped up successfully prior to the Tempe City Council vote. Examples of additional developer protections include consultation on crane heights and mitigations should any crane create performance issues for our airlines, full indemnification against litigation over noise and vibrations caused by aircraft, noise mitigation and insulation, noise disclosures, avigation easements, wildlife studies, traffic mitigation studies and funding, glare/reflectivity mitigation, good neighbor agreement, and restrictions on events that may impact the operation of Sky Harbor.

Sky Harbor is also working with Tempe to seek a permanent resolution on our differences in interpretation of the binding Intergovernmental Agreement that exists between our two cities.

While the City of Phoenix Aviation Department still officially opposes the incompatible residential component of the Tempe Entertainment District development, we are grateful to the City of Tempe for taking actions to largely mitigate potential impacts of the development to Phoenix Sky Harbor International Airport. We will continue to work with Tempe and the developer to move forward on the commitments made.

Source: www.skyharbor.com/tempeentertainmentdistrict

 

[LadyStanley]

Friedman talks about how the referendum question should be worded. (Based on father-the-developer experience in such matters.)

Very key/important.

 

[voyageur]

I think this arena is the end of Gary Bettman's legacy, hence his vested interested. He will have overseen the expansion of 8 teams during his reign (eclipsed only by the legendary Clarence Campbell, who tripled the league from its Original Six), with franchise relocations to Dallas, Colorado, Arizona, North Carolina, and in reconciling his legacy, one Canadian market, in Winnipeg. He's seen an exponential growth in the game's interest beyond traditional markets. He's brought the league to record revenues, oversaw its biggest challenge with the pandemic. If this arena gets built in Tempe, with new prospective ownership and opportunities in Ottawa, Bettman will have solidified the league into one which has 32 stable owners in 32 stable markets (whether that remains the case in Florida or Calgary I suspect becomes the next commisioner's problem). After the bankruptcy proceedings, relocation talks, legal challenges, subsidies, ownership and arena issues and other issues hounding the Coyotes, I think he retires on this franchise surviving in the desert. I do think that for a time the NHL considered moving this franchise to Houston, but without an owner who was committed to the league and investing in it to a sum that increases franchise values, the ship has sailed, and now Bettman can see the horizon where the league finally achieves its desired stability.

 

[Llama19]

Political consultants discuss proposed Tempe entertainment district

Source (Video): www.azfamily.com/video/2022/12/05/political-consultants-discuss-proposed-tempe-entertainment-district-cochise-county-elections/

 

[AZDesertKnight]

New apartment/development approved my Tempe City Council - near TED site.

Mixed-use development near proposed Coyotes' arena gets green light from Tempe

Marc Bonilla received the thumbs up from Tempe City Council on Thursday for a project he's been working to develop for years.

www.abc15.com

 

[TheLegend]

Political consultants discuss proposed Tempe entertainment district

Source (Video): www.azfamily.com/video/2022/12/05/political-consultants-discuss-proposed-tempe-entertainment-district-cochise-county-elections/

Big nothing burger.

Two political consultants regurgitating the same talking points.

 

[AZDesertKnight]

Political consultants discuss proposed Tempe entertainment district

Source (Video): www.azfamily.com/video/2022/12/05/political-consultants-discuss-proposed-tempe-entertainment-district-cochise-county-elections/

This again?

But this is what the Coyotes are battling up to the vote.. misinformation and people telling them the deal is no good without actually outlining what the Coyotes are putting into it and what taxes would be paid as a part of the project.

 

[TheLegend]

Something a bit more relevant….

Sky Harbor changes tune on Tempe Coyotes project after months of airport pushback

Sky Harbor's reversal on the Coyotes project coincided with Tempe City Council's call for an election to let voters decide if it gets approved.

www.azcentral.com

For those who can’t get past the paywall Sky Harbor changed its tune towards TED once the Coyotes included indemnification language into their proposal.

From the article:

The airport's about face was driven by the recent inclusion of an "indemnification" provision in the Coyotes' proposal, according to Makovsky.

It essentially requires the NHL franchise to defend the airport in court against any excessive plane noise lawsuits filed by new residents on the site, which sits only a couple of miles from Sky Harbor. It's also within the area's high-noise zone where the 1994 agreement, also called an IGA, restricts certain types of housing development.

 

[Stumbledore]

This again?

But this is what the Coyotes are battling up to the vote.. misinformation and people telling them the deal is no good without actually outlining what the Coyotes are putting into it and what taxes would be paid as a part of the project.

Misinformation coming out of Arizona?

Wow, who could have ever imagined that happening?

 

[Ernie]

Political consultants discuss proposed Tempe entertainment district

Source (Video): www.azfamily.com/video/2022/12/05/political-consultants-discuss-proposed-tempe-entertainment-district-cochise-county-elections/

Very interesting that it being attacked from both sides of the political spectrum.

It will be interesting to see whether the voters can see through all the financial sleight of hands going on.

Bottom line, this stadium will result in taxes increasing for Tempe residents down the road.

 

[TheLegend]

Misinformation coming out of Arizona?

Wow, who could have ever imagined that happening?

Misinformation is an often misused term.

Frankly speaking our conversations here have more value than a couple of political talking heads wasting 5 minutes of air time repeating generalized political opinions without even providing any factual evidence to support said position.

Think the term for that is... "hot air"

 

[TheLegend]

Very interesting that it being attacked from both sides of the political spectrum.

It will be interesting to see whether the voters can see through all the financial sleight of hands going on.

Bottom line, this stadium will result in taxes increasing for Tempe residents down the road.

Really would like you to show the room exactly how the proposal will do what you think it will do.

Then again I'd like to win the lottery, but the odds of hitting it are about the same.

 

[Dirty Old Man]

Misinformation coming out of Arizona?

Wow, who could have ever imagined that happening?

We're a purple state because of holding our collective breath, not from any combination of "red" and "blue"

 

[TheLegend]

Tempe mayor Corey Woods was on the PHNX_Coyotes podcast this morning answering questions about TED and process that brought them to this point. Runs through the first hour.

 

[powerstuck]

Very interesting that it being attacked from both sides of the political spectrum.

It will be interesting to see whether the voters can see through all the financial sleight of hands going on.

Bottom line, this stadium will result in taxes increasing for Tempe residents down the road.

I've been part of the folks that do not believe not doing a certain projet will have an positive impact on taxes, everytime.

Here in Quebec when they build the arena people were saying it was going to be paid by our taxes...in the end, everything every city does is paid by taxes, it's their main source of revenue in whole North America.

They don't spend that 200 millions on the arena, you really think they will apply it on the debt ? Think again, it will be send elsewhere for another projet.

 

[Ernie]

I've been part of the folks that do not believe not doing a certain projet will have an positive impact on taxes, everytime.

Here in Quebec when they build the arena people were saying it was going to be paid by our taxes...in the end, everything every city does is paid by taxes, it's their main source of revenue in whole North America.

They don't spend that 200 millions on the arena, you really think they will apply it on the debt ? Think again, it will be send elsewhere for another projet.

So the argument is that taxes are going to be wasted anyhow so why not build an arena?

 

[awfulwaffle]

So the argument is that taxes are going to be wasted anyhow so why not build an arena?

I'm still patiently waiting for your repsonse to Legend's question.

Really would like you to show the room exactly how the proposal will do what you think it will do.

 

[AZDesertKnight]

Craig Morgan says there is a plan B if this doesn't pass but obviously the Coyotes believe that land/location are #1