CXLIX - FINAL thoughts on the Arizona Coyotes

[Shwan]

One important detail to keep in mind with Colangelo: he is often referred to as the “owner” of the Suns, but in reality he was a minority owner with the general managing partner title. Same situation with the MLB Diamondbacks, he organized a consortium of other investors and was initially the face of the franchise, but owned a minority share of the team.

Colangelo didn’t have any independent wealth. Any prospective purchase of the Coyotes/Jets would have required Colangelo to convince a group of investors to front the money. Presumably targeting the primary owners of the Suns. I haven’t researched who the primary background Suns owners were during Colangelo’s “ownership” term.

Proto-LeBlanc

 

[StreetHawk]

Dallas yes, DFW Metroplex is massive. A second arena would've done fine there.

Being the second arena would then come down to who pays for it. IIRC, city contributed to the AAC, so they likely would not be interested in supporting a second one. So, the Stars would likely have had to finance it on their own or have it built in a different county to where the AAC is located in order to get some government funding. But, have to factor in location relative to the fanbase otherwise it's another Glendale situation.

 

[aqib]

Arena opened in 1992, 4 years before the jets arrived. Plus, factor in construction timeline of 2 years, it's 6 years before the jets arrived when shovels hit the ground. Add in plans, zoning, financing, it's likely about 8 years in like 1988 or 1989 at the latest when the plans started for the arena.

I mean, if Dallas/Denver had the same situation as Arizona with Ball Arena/AAC built 3-4 years before the Stars/Nords arrive, is their fate likely the same as the Coyotes was? I don't think Denver market needed a 2nd indoor 18K arena. Probably not Dallas either.

This is where I come back to the question of how much does it cost to make a basketball only arena suitable for hockey. Originally Barclays was supposed to be for hockey as well then they scaled it back and supposedly that saved some money but in the end they wound up having a competitor arena 20 miles away.

 

[Golden_Jet]

This is where I come back to the question of how much does it cost to make a basketball only arena suitable for hockey. Originally Barclays was supposed to be for hockey as well then they scaled it back and supposedly that saved some money but in the end they wound up having a competitor arena 20 miles away.

Leafs building was originally for Raptors, and leaf’s came in late and changed it to include hockey.
If not done at planning stage, it’s a harder makeover.

 

[StreetHawk]

This is where I come back to the question of how much does it cost to make a basketball only arena suitable for hockey. Originally Barclays was supposed to be for hockey as well then they scaled it back and supposedly that saved some money but in the end they wound up having a competitor arena 20 miles away.

I believe when the coyotes arrived the estimated cost was about half the original cost of the arena to make it nil compatible. Think footprint originally came in at like $130 mill or so back in 1992. Cost in 96/97 to make it nhl ready was at least $60-70 mill back then. I mean pre Covid when phx offered to tear it down vs renovate it for the nhl I think the cost was too high, well above the $250 mill in renovations they did just to maintain the current structure. It might have been close to $400 mill to do the structural change plus the update. Would have made more sense to build a new one instead.

Arenas have gone for under $200 mill in the 90’s to $350-$400 mill in the 2000-2010, to now like $650 mill and up in the 2020’s.

 

[Golden_Jet]

I believe when the coyotes arrived the estimated cost was about half the original cost of the arena to make it nil compatible. Think footprint originally came in at like $130 mill or so back in 1992. Cost in 96/97 to make it nhl ready was at least $60-70 mill back then. I mean pre Covid when phx offered to tear it down vs renovate it for the nhl I think the cost was too high, well above the $250 mill in renovations they did just to maintain the current structure. It might have been close to $400 mill to do the structural change plus the update. Would have made more sense to build a new one instead.

Arenas have gone for under $200 mill in the 90’s to $350-$400 mill in the 2000-2010, to now like $650 mill and up in the 2020’s.

It’s like 900 million US now, it has gone crazy.