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

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TheLegend

TheLegend

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blueandgoldguy said:
So we're putting much just waiting for the public to vote on the Tempe project next spring, right? There really is nothing else of relevance regarding the fate of the Coyotes until then, correct?
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Other than looking at the proposal and discussing the merits (good and/or bad) of it. That’s about it.

Haven’t heard word yet on the status of the Coyotes’ petition. But it was only turned in last Friday and verifying signatures takes a while.
 
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mouser

mouser

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TheLegend said:
Other than looking at the proposal and discussing the merits (good and/or bad) of it. That’s about it.

Haven’t heard word yet on the status of the Coyotes’ petition. But it was only turned in last Friday and verifying signatures takes a while.
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Petition language would be worth seeing. Haven’t seen that posted yet.

Although technically it’s simply a Referendum on the city vote and not a Proposition.
 
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Tom ServoMST3K

Tom ServoMST3K

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Nov 2, 2010
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powerstuck said:
How time flies...not so long ago you could build a brand new arena/stadium for a bit more than 300M. Now you barely renovate one for that amount of money.
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Inflation in between initial estimates and tenders was insane for a bit there.

There was a referendum I covered for a Swimming pool - ~$25 million for a complete renovation. Voters shot it down, I think, due to factors outside of the actual project's pros and cons.

Now just a bare-bones renovation to get the pool up to code and fix the roof, which needs to be done, will probably come in at over $20 million, and the decision-making body has to figure out if they want to bring a $30+ million project back to the voters which is basically the exact same project, just way more expensive.
 

StreetHawk

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Sep 30, 2017
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powerstuck said:
How time flies...not so long ago you could build a brand new arena/stadium for a bit more than 300M. Now you barely renovate one for that amount of money.
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This is a football stadium and those are going for well over a billion dollars these days.

Seattle if they could have torn down the old Key Arena would have still run around $650 mill to build brand new. The renovation to the suns arena came in around $250 mill. Which they said was around half the price to blow it up and build new.
 

jonathan613

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Aug 6, 2018
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It will be interesting if Mr. Ishbia will have anything to say about arena plans he may or may not have for the suns. For someone that wealthy, maybe he would consider a complete tear down of the arena in phoenix to include hockey as he may want some influence on the arena design anyway with him and meruelo splitting some revenue. He seems to have a boatload of many anyway. I know I am wildly speculating without any facts here and this is likely just wishful thinking on my part. All I could find is that he is based in hockey crazed michigan as well as a former player on the michigan state basketball team but nothing from him on whether or not he is a hockey fan.

I do wonder whether or not Mr. Meruelo will try to form a relationship with Mr. Ishbia or the other way around.
 

CHRDANHUTCH

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jonathan613 said:
It will be interesting if Mr. Ishbia will have anything to say about arena plans he may or may not have for the suns. For someone that wealthy, maybe he would consider a complete tear down of the arena in phoenix to include hockey as he may want some influence on the arena design anyway with him and meruelo splitting some revenue. He seems to have a boatload of many anyway. I know I am wildly speculating without any facts here and this is likely just wishful thinking on my part. All I could find is that he is based in hockey crazed michigan as well as a former player on the michigan state basketball team but nothing from him on whether or not he is a hockey fan.

I do wonder whether or not Mr. Meruelo will try to form a relationship with Mr. Ishbia or the other way around.
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there likely won't be any connection between the two franchises now that the Coyotes are at ASU.....
 

gstommylee

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Jan 31, 2012
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StreetHawk said:
This is a football stadium and those are going for well over a billion dollars these days.

Seattle if they could have torn down the old Key Arena would have still run around $650 mill to build brand new. The renovation to the suns arena came in around $250 mill. Which they said was around half the price to blow it up and build new.
Click to expand...

I don't think it would had cost 650m if OVG was able to tear down the roof and rebuild ground up. Remember this was 2018 dollars and pre inflation/pandemic
 
TheLegend

TheLegend

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StreetHawk said:
This is a football stadium and those are going for well over a billion dollars these days.

Seattle if they could have torn down the old Key Arena would have still run around $650 mill to build brand new. The renovation to the suns arena came in around $250 mill. Which they said was around half the price to blow it up and build new.
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Have not seen any hard figures on what the Tempe arena will run but $650 million is probably a good estimate.
 
TheLegend

TheLegend

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jonathan613 said:
It will be interesting if Mr. Ishbia will have anything to say about arena plans he may or may not have for the suns. For someone that wealthy, maybe he would consider a complete tear down of the arena in phoenix to include hockey as he may want some influence on the arena design anyway with him and meruelo splitting some revenue. He seems to have a boatload of many anyway. I know I am wildly speculating without any facts here and this is likely just wishful thinking on my part. All I could find is that he is based in hockey crazed michigan as well as a former player on the michigan state basketball team but nothing from him on whether or not he is a hockey fan.

I do wonder whether or not Mr. Meruelo will try to form a relationship with Mr. Ishbia or the other way around.
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The city of Phoenix owns the Suns arena and they just sank $210 million into a rebuild.

I doubt you will see a change in anything.
 
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oknazevad

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Dec 12, 2018
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Yeah, the question isn't about whether the Suns' arena and the one in Tempe can coexist. The questions are if ASU's basketball teams winds up joining them, as their current building is 50 years old and very close by. Its non-ASU use a general arena for the market would definitely fall in ranking with the new building, even more than it already has, being there's going to be a total glut of arenas with the Suns, Coyotes, and Glendale, plus Mullet and Grand Canyon University's building on the smaller end. Not to mention the old Veterans Memorial Arena at the fairgrounds, which could even be questioned as to whether it is needed anymore, too. Could totally see the oldest buildings being demolished.
 
Fatass

Fatass

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Apr 17, 2017
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TheLegend said:
Three separate votes were taken in regards to TED so they had to have referendum votes for each one.
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When is (about) the earliest date the club can start building the new rink?
As soon as the votes are over?
 

jonathan613

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Aug 6, 2018
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Do all 3 separate votes mean all need to pass for the proposal to succeed? Could the coyotes and tempe say be able to come to a supplemental agreement dealing with the issues of 1 of them if the other 2 were to pass? Not expecting a response here because this question may be too open ended but just ruminating
 
awfulwaffle

awfulwaffle

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Roadrage said:
What happens if only 1 or 2 of the propositions passes or in a weird scenario, where none pass?
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Well none would mean the deal is dead. I think you'd have to look at what all of the propositions entail. Perhaps it's for each phase of the project? Or perhaps one is the bonds and they way they are setup, another is the GPLET, and another is for the remediation of the land/construction project? I think it depends on what all 3 of the options are and what they entail. Perhaps if combined 2 of them pass but 1 doesn't the deal could still be a go.
 
TheLegend

TheLegend

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To better define what’s going on….

There are three items they’re voting on.

A change to the general plan (ie: the overall plan the city has for growth.)

A change to the zoning plan. (The land is currently designated as “industrial” and must be changed to “mixed use”.)

Approval of the DDA (as in the proposal itself). Which is the critical one.

The way this is constructed either all three will pass or they won’t.

BTW… the council met on the 15th to formally set the special election date of May 16th. Vote was 5-0 with two members absent.
 
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TheLegend

TheLegend

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awfulwaffle said:
Oh no, Kari Lake will not like this. :sarcasm:
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DC380069-2401-47BC-815C-A0AD90EB58E2.jpeg
 
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