Say it louder for the people in the back.
This is what makes this such a great deal for Tempe. That landfill needs to get cleaned up. And Tempe voters need to understand that either the Coyotes pay for and do it now, or Tempe taxpayers do so later.
CXLV - Tempe Entertainment District citizen referendum vote upcoming May 16th
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Say it louder for the people in the back.
This is what makes this such a great deal for Tempe. That landfill needs to get cleaned up. And Tempe voters need to understand that either the Coyotes pay for and do it now, or Tempe taxpayers do so later.
Tawnos
A guy with a bass
Meruelo bought the Coyotes from Barroway for $300m
Barroway bought a controlling interest in the Coyotes from IceArizona for $155m
IceArizona bought the team from the NHL for $170m
The NHL bought the team from Moyes for $140m
Moyes bought the team from Ellman (haven’t been able to find this figure yet)
Ellman/Gretzky bought the team from Burke for $88m
Burke was the first Coyotes owner
I don’t know what “there have been almost no sales of the franchise” means
Barroway bought a controlling interest in the Coyotes from IceArizona for $155m
IceArizona bought the team from the NHL for $170m
The NHL bought the team from Moyes for $140m
Moyes bought the team from Ellman (haven’t been able to find this figure yet)
Ellman/Gretzky bought the team from Burke for $88m
Burke was the first Coyotes owner
I don’t know what “there have been almost no sales of the franchise” means
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TheLegend
"Just say it 3 times..."
The CFD is legally a separate entity from the city. The city only creates it. The bonds are issued by the CFD and payments made through the CFD by three sources solely within the district.
The developer holds back an set percentage of the sales taxes as one of the three sources to pay off the bonds. The remaining sales taxes goes to the city. So no… they do not get to keep everything.
Then the bond holders are first in line, plus the lenders who are putting up the initial $600 million or so for phase 1A. Because the funding has to be in place before the bonds for each phase are sold.
The developer covers all litigation costs… period.
It’s all there. You need to read closer. If not I will give you the link to the full DDA which is also available and it has all the details.
City always had to pay for the cleanup. The CFD is the mechanism they’re using to mitigate the costs rather than pulling it out of the general funds and
Phase 1A includes the arena, hotels, shopping buildings, small events center and the parking structure.
Phoenix wants to have unfettered expansion to Sky Harbor.
The last major expansion caused countless complaints from Tempe residents over flights going over their homes that weren’t equipped to handle the noise. Tempe sued and in 1994 they signed an agreement (IGA) to mitigate the situation. Phoenix would like nothing better than to eliminate that IGA because they have more expansion plans and if Tempe allows more residential units in the area they’re worried those plans won’t be able to be carried out.
Also…. Phoenix also doesn’t want to see another sports and entertainment district built to compete with. They already have Glendale to contend with.
Maybe…. Maybe not.
Meruelo was negotiating on two separate locations before setting on Tempe. We don’t know if that other site is still available or not, but a “plan B” is strongly there.
TheLegend
"Just say it 3 times..."
Moyes was in on the sale with Ellman and Gretzky. Moyes was also partnering with Ellman on Westgate.
Here’s a bit on the breakup. You’ll note where Ellman admits he was planning to unload the Coyotes all along.
Moyes takes control of Coyotes
Steve Ellman always intended to end his ownership in the Coyotes. “In 2001 we said that our goal was to build a great innovative real estate development and that sometime
In the highly unlikely scenario of the No vote winning and them moving to plan F
Does this mean at least 1-2-3 more years than first planned in the pee wee arena ?
Does this mean at least 1-2-3 more years than first planned in the pee wee arena ?
Tawnos
A guy with a bass
The length of the lease, which includes an option IIRC was designed to accommodate setbacks.
TheLegend
"Just say it 3 times..."
Two more years with an option for a fourth (at ASU’s discretion.)
Looking like they already may need the optional year if this stays on track.
paul-laus
Registered User
- Jun 20, 2007
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Temporary sure…..But there’s potential for a four or five year run in that temporary arena…..and I think that’s what truly frightens hockey fans….I know it makes me shudder….The old Corral in CGY is the only arena that comes close….
Dirty Old Man
Yotah Hockey Club
So? I mean really...so what? Nobody wants or expects that situation to be permanent. Talk to people who aren't total naysayers like the ones who post and get quoted here, and..."it's fine".
It really isn't that important in the long run. Nothing for people to be "frightened of" ell oh ell oh ell. The chances of that ASU arena somehow being "the beginning of the end of hockey" are Zero. Get on with your lives.
mouser
Business of Hockey
Why would it frighten hockey fans or make you shudder?
If you’re a fan of the Arizona Coyotes it can be frightening as ticket prices in that 5k arena are much higher on average than Glendale tickets. Finding cheaper tickets is not easy.
If you’re a fan of another team, please help me understand why you’re frightened or shuddering? Is your hockey life or fan experience somehow degraded because the Arizona Coyotes temporarily play in a smaller arena while getting their new arena built?
Final Baton
Registered User
paul-laus
Registered User
- Jun 20, 2007
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You guys keep saying temporarily and that’s fine. I hope that the Tempe deal gets done tomorrow and shovels end up in the ground soon after. But the truth is, nobody knows how “temporary” the Mullett is. A lease was signed for three with an option for a fourth year correct?
I’m asking your honest opinion. If the Tempe deal does not go through tomorrow. How long should the Coyotes continue to play at the Mullet while years pass and new solutions are looked into in regards to a long term arena?
I also have no clue what you’re talking about when you refer to my “hockey life”….please maintain coherent arguments…you also speak about the coyotes playing in a smaller arena while their new arena is being built as if it is already happening…unfortunately that is not the case even though I and most people in this thread wish it were…
He's arguing that the coyotes arena situation hasn't negatively impacted other areas of hockey. I'd disagree, but i digest (yes that spelling mistake was on purpose).
TheLegend
"Just say it 3 times..."
Meruelo is rumored to have another site he can build on. A long time ago during a virtual press conference he did mention he was negotiating with two different locations. One of the them was the current site he's trying to build on. Where that other site is remains unknown but the rumor is it's still there and available if he needs to use it.
So to answer your question.... we don't know for sure. What we do know is this other site does not sit on a landfill and won't need the 9 months it's going to take to remediate the Tempe site.
We'll find out sometime this week.
awfulwaffle
Registered User
I can't tell if you are being serious or just making a joke. To think that where a hockey team plays has that much effect on you is concerning.
Stumbledore
Registered User
Any inclination as to where the public vote is leaning towards? Read that it's the most support the polls have received in like 20 years for a vote? I'm guessing that is an overwhelming majority of Sports fans than will lean heavily towards a Yes vote?
TheLegend
"Just say it 3 times..."
Turnout so far is a record for non-major elections.
Other than the Coyotes ran internal polls early on which came back >60% positive there's been nothing else.
Personally, I'm not feeling this going either way but that's on purpose.
If he has this other acceptable site…. Why go through all this issues and vote?
Going to plan b isn’t a great look…
mouser
Business of Hockey
The Tempe site is the preferred option.
TheLegend
"Just say it 3 times..."
The Tempe site most likely has a better long term ROI and is worth the effort.
At this point.... "a great look" is meaningless.
So the other site is so much worse they are playing at a university and having a whole city vote and delaying….
Doesn’t seem like a viable option. If you have 2 really good options… why jump through all these hoops… seems unlikely to me but we will see
TheLegend
"Just say it 3 times..."
Playing at ASU wasn't a determining factor. It takes 23-30 months to build an arena and they needed a place to play. They would have stayed in Glendale (they offered to sign a 3-year lease there with option for 2 more) but Glendale wanted 15-20 years or nothing. Noting that Glendale knew about the negotiations with Tempe before the RFP was even issued.
The vote was necessary because they knew there was opposition coming (a big chunk of it from out of state unions) and forcing a referendum is an easy thing to do.
But since we don't know where this other site is it's pointless to speculate on it at the moment unless this vote come in against TED.
Ok but then how much better is it…. If the other one isn’t good enough that it is somehow worth it to go through all this.
Why would this be acceptable to the league.
The cost benefit analysis doesn’t seem to make sense
But if there is some readily available option that is somehow viable……
Why in the world would they want to stay at Mullet for longer? It’s been a year. And no gaurantee that it works. It makes zero sense.
Why would the NHL allow this to turn into a gong show with a city vote and extended time of lower revenues when there is another perfectly good option?
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