CXLVIII - Coyotes owner Alex Meruelo had 'productive' meeting with Phoenix mayor

[TheGreenTBer]

Chaps never have asses

Why do you know this

and I don't know how the hell you relate a corn cob pipe to felicio, a cob itself yes, but a pipe?

Don't tell me it wouldn't be gangster of AM for him to walk into an auction with a corn cob pipe in his mouth and sunglasses, and proceed to outbid all these jabronis.

 

[Tom ServoMST3K]

I think June 27 is too little to late for the Coyotes there is no guarantee they will win the auction & doubt they can go another year at mullet arena if they don't win that auction which they won't when you consider they will need public money to build this arena & doubt anybody would front the money to do it so in my opinion they should just start talking to Salt Lake City & Houston see if they will relocate them there .

Next year will be in Mullett.

 

[BKIslandersFan]

Next year will be in Mullett.

Yup. But the question is where will they be year after that.

 

[awfulwaffle]

Yup. But the question is where will they be year after that.

They had options built in to extend the lease....

 

[aqib]

Yup. But the question is where will they be year after that.

Pretty sure if they need a season beyond the option years ASU will be fine having them extend.

 

[BKIslandersFan]

Pretty sure if they need a season beyond the option years ASU will be fine having them extend.

I meant whether the project will be approved or not lol.

Of course they will be at Mullet if arena at Scottsdale gets green light.

 

[JimAnchower]

Pretty sure if they need a season beyond the option years ASU will be fine having them extend.

As long as they pay rent and clean up after themselves, they can couch surf as long as they want from ASU's perspective.

 

[StreetHawk]

Yup. But the question is where will they be year after that.

Timeline for construction, based on LV was 21 months, though there was an area of 2 that still needed some work. Talking end of June before the auction is final.

Shovels would need to hit the ground in 2024 to be ready for regular season in October 2026. So, minimum they need to play 4 seasons total in Mullet. Longer it takes for shovels to hit the ground, pushing into 2025, then either part of a 5th season needs to be played in Mullet or they follow the Isles and play a monster road trip to open the season.

 

[Lions67]

2027-28 season if all goes right.
And that is the earliest

 

[TheLegend]

Timeline for construction, based on LV was 21 months, though there was an area of 2 that still needed some work. Talking end of June before the auction is final.

Shovels would need to hit the ground in 2024 to be ready for regular season in October 2026. So, minimum they need to play 4 seasons total in Mullet. Longer it takes for shovels to hit the ground, pushing into 2025, then either part of a 5th season needs to be played in Mullet or they follow the Isles and play a monster road trip to open the season.

They’re looking at shovels down in late 2024. One year for infrastructure work, and two for the arena and initial phase buildings.

Open for 2027-28 season.


(edit)
If you want you add some context… had TED passed they would still be excavating and cleaning up the landfill right now or at the tail end of it.

So they aren’t much off from where they would’ve been anyway.

 

[AtlantaWhaler]

Man, do you ever need to get up to speed!

On grammar, tiny markets, or the latest Yotes news?

 

[TheGreenTBer]

On grammar, tiny markets, or the latest Yotes news?

Yes

 

[Golden_Jet]

Been trying to catch up on this since the auction notice dropped.

For those wondering if someone besides the Coyotes can just show up and grab a paddle, I’m going to suggest you read the actual auction notice (PDF) I’ve linked above.

Have not read it myself, but I’m monitoring someone who has and she is well plugged into the political world here. I’m using her interpretations below.

That document spells out who can be qualified to bid and the requirements to the winning bidder are somewhat extensive.

Aside from the $16 million cashiers check…

- There must be proof of sufficient funds in place to close the deal at the end of 30 days. No form of financing is acceptable. Balance will be due in total at close, in cash.

- There must be an acceptable plan in place to initiate the infrastructure plan within the first 6 months of close and be completed within 36 months. Estimate cost for this is $80-100 million and is the responsibility of the winning bidder to finance it all.

Most of the state land auctions are structured this way, which is why leas than a quarter of them end up attracting more the one bidder.

Do you get the $16 million back if you lose bid?

 

[Golden_Jet]

Parking for an event looks like a nightmare. Even though it's closer to Scottsdale, it's still not centrally located and on the edge of the greater area of the Phoenix community (even most of the Eastside).

Loop 101 Frontage Rd · Scottsdale, Arizona 85255, USA

Scottsdale, Arizona 85255, USA

maps.app.goo.gl

Will be 100 acres left over, after the arena is built, so lots left over for parking and other buildings.

 

[TheLegend]

Do you get the $16 million back if you lose bud?

Yes.

 

[LT]

Imagine having a 16M cashier's check...

 

[TheGreenTBer]

Imagine having a 16M cashier's check...

I'm gonna rename myself "arena" and report back if the Coyotes try to buy me. I think I'm worth like 34 dollars at most.

 

[willy702]

There's a lot of speculation about boogeymen but I don't see it realistically happening. The second bidder stuff is really not feasible because the city wants this. If you come along and say I'll bid $100m and I'm just going to build some houses instead, screw the sports team, well good luck getting the city to buy off on your proposal. Yes the city probably won't just accept the tax district that the Coyotes propose but these are simple negotiations. The Coyotes and City can negotiate on things like admissions and parking taxes and get much of the way there. The financing for the rest of the project is pretty much when its available and the development can underwrite it, they will build it. High-end residential doesn't need to be finished to make this project work, just build the damn arena already.

And as much as other cities are saying they are ready to take the team over, no one's project makes as much financial sense as this one does that I have seen. Maybe the Atlanta one is close but I don't know if they really need an arena and team to make that one feasible. That location can support a development like that one with a smaller arena and it still works.

I have been involved in the analysis in a few of these before and they all have a "feeling" once everyone is seeing eye to eye. I think this one has a feeling. As much as some apathy and finger is pointing about who is to blame, no one really wants them to leave the Valley.

 

[LPHabsFan]

Will be 100 acres left over, after the arena is built, so lots left over for parking and other buildings.

That's perfect. 1 million per acre of parking lot....

 

[bleedblue94]

I hate saying this but even if they win this auction at this point it makes so much more sense to move the current franchise, let them get settled in a new long-term market IF one exists that can properly house the team now (Houston), let AM win this auction and develop his project with the approval of the NHL and open promise of an expansion team that start playing the first season that the new arena is open (money from sale of current team could be used to find the expansion team, and we all know the league will adjust for the Arizona market so that could cap the fee to match the sale price of the current franchise). Talking about 3 or 4 more seasons at mullet is borderline insanity.

 

[Rob]

Once the “shovels are in the ground” how long would it take to have the new arena ready?

 

[TheLegend]

Once the “shovels are in the ground” how long would it take to have the new arena ready?

One year to get the infrastructure in place. Two years on the arena. Looking to be open for 2027-28.

 

[bleedblue94]

@TheLegend you can laugh all you want, but 3-4 more years at mullet will do more damage and there is a bigger thing here that is being ignored.

It's all fine if AM wins the bid and builds the area, but there is a long history of much more historically relevant and stronger franchises having attendance issues with it's local fans if there is a disconnect between the fans and the team owner. Some people seem to just assume that if there is an NHL building in the "right" location that all the fans will just come flocking back. What if they don't? What if there is a disconnect w the owner and the fans and they don't want to come to a rink in the middle of nowhere with nothing else built around it (at the start)? What happens then? Serious question. This saga has had significant impact on the fan base, people seem to assume those fans will just start ponying up again and pack the area. What if they would rather continue watching at home at this point?

Every one of those fans knows that they and the franchise are just an angle to the entertainment district. That is where AM and JG are really trying to get. The coyotes are an angle to get there. Does that matter to the fans?

 

[BB79]

10 years from now- "Coyotes new arena built on ancient burial ground, new arena said to be haunted and cursed. Team looking for new home.."

 

[BKIslandersFan]

@TheLegend you can laugh all you want, but 3-4 more years at mullet will do more damage and there is a bigger thing here that is being ignored.

Like what? Islanders played at Barclays for how long? As much as I loved the commute it was not an NHL arena.