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Metro Seattle: NHL, NBA and Arena - Part III (post #217 - arena announcement 2/16)

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02-16-2012, 02:08 AM
  #301
Nuclear SUV
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Quote:
Originally Posted by rt View Post
So are we talking the NHL team paying rent in this scenario? Being a tenant? Basketball ownership owns the house?
That is not publicly known at this time.

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02-16-2012, 02:13 AM
  #302
superdeluxe
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New Story at King 5:

Quote:
KING 5 has learned Seattle Mayor Mike McGinn, King County Executive Dow Constantine, and hedge fund manager Chris Hansen are still working to finalize a term sheet. A high ranking county leader says right now, the deal includes substantial private financing, with some debt backed in some way by the City and County, repaid through admission fees and “arena generating revenue.”

The final terms are expected to be hammered out Thursday morning, and some council members were expecting a briefing prior to the announcement.

As KING5 first reported back in December, Hansen’s Valiant Partners of San Francisco purchased a three acre piece of property south of Safeco Field, for $21 Million. A city hall source with knowledge of the negotiations said late Wednesday that the city would not have to claim eminent domain and Hansen likely secured more property.

It’s unclear who will appear at the press conference. Late Wednesday, sources were conflicted about whether Hansen would show. Constantine, and McGinn are both expected to be in attendance.

.
http://www.king5.com/news/New-Seattl...139407008.html

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02-16-2012, 02:22 AM
  #303
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Originally Posted by Devil X View Post
Cincinnati's are all close on the river. However there arena does not have a full time professional tenant. Cyclones are the arenas main tenant.
Pittsburgh's are also very close. Heinz Field and PNC Park are right next to each other and Consol Energy Center is about a mile and a half away from those two.

Quote:
Originally Posted by beenhereandthere View Post
The hockey interest around Seattle, is clearly more, than it was in North Carolina back when the Hurricanes first came there.
If push really comes to shove, the NHL can always use the Tacoma Dome for 2 years. However, seems the city will push them to use Key Arena, as part of the deal, to get approval from the City Council.
Playing a few games at Safeco Field, roof closed, can make up for the some of the revenue, from playing at Key Arena.
Considering the Mariners are opposed to an NBA or NHL team coming to town, I highly doubt they would cooperate and let them do that. I honestly don't see Seattle getting a team until the arena is finished.

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02-16-2012, 02:26 AM
  #304
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Quote:
Originally Posted by rt View Post
So are we talking the NHL team paying rent in this scenario? Being a tenant? Basketball ownership owns the house?

That doesn't seem to work so well.
Those details will come out as we go through this process.

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02-16-2012, 02:27 AM
  #305
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Originally Posted by Le Oranje View Post


Considering the Mariners are opposed to an NBA or NHL team coming to town, I highly doubt they would cooperate and let them do that. I honestly don't see Seattle getting a team until the arena is finished.
In this day, I don't see someone building a 500 million dollar arena without some sort of a deal to have a team.

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02-16-2012, 02:28 AM
  #306
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Originally Posted by superdeluxe View Post
In this day, I don't see someone building a 500 million dollar arena without some sort of a deal to have a team.
<Kansas City>

had to be said... but we will get teams soon.

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02-16-2012, 02:29 AM
  #307
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Originally Posted by beenhereandthere View Post
Even if Hansen doesn't want an NHL franchise himself (and there's been no indication to suggest that)
Quote:
Hansen described his interest as building an arena and attracting an NBA franchise, saying others would have to come forward with a hockey proposal. He declined to say if hockey is crucial to a profitable arena, although others have said that it would be.
http://seattletimes.nwsource.com/htm...hansen16m.html

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02-16-2012, 02:30 AM
  #308
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Mitch Levy, the morning host on Seattle's KJR radio is leaking some of the details on Twitter.

http://twitter.com/kjrmitch

"mitch levy @kjrmitch

A GREAT stat: If this plan goes through, there will be more PRIVATE money invested in this arena (appr $280M) than in all but 2 in history!"

"Essentially Hansen is asking for taxes that will be generated by this $450 to $500M to go back into the building cost of the arena"

"Talking about admission taxes, property taxes etc generated by the building that the city/county wouldnt have if the building didn't exist."




I wouldn't be surprised if Mitch's source is Wally Walker.

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02-16-2012, 02:33 AM
  #309
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Originally Posted by MNNumbers View Post
4) As hereandthere said, What does the NHL do then? Apparently no owner stepping quickly to the plate, as far as we know. Do they move it and own it themselves? If so, they face 2 years of losses playing in a temp arena (and, according to Daly, they haven't looked at that). If they hold onto PHX until the new arena is done, they face 2 years losses in PHX, when everyone knows they are leaving after that.
I've been up on a soapboax multiple times about the best solution...
  • send the Coyotes to Quebec for the 2012-2013 season
  • promise Seattle a franchise for 2015-2016. One or more of Islanders/Devils/BlueJackets will be available by then. If there's an amazing economic recovery and there are no NHL franchises in trouble (bwahahaha), the NHL could expand.
Quote:
Originally Posted by MNNumbers View Post
Can the owners of the team (NHL, in this case) negotiate arrangements for the team that allow them to make money
Quote:
Originally Posted by MNNumbers View Post
All in all, this is a big positive step for Seattle fans. Now, what exactly will tomorrow hold? More smiles (NHL-ready, too) or tears (NBA only)?
Two very good questions. Put yourself in Hansen's shoes for a minute...
Basketball arena costs $X to build, with Hansen's NBA team getting the concert/wresting/tractor-pull/etc revenue.
Hockey arena costs $X + an extra $100 or $200 million to build. And, oh yeah, the NHL franchise wants half the concert/wresting/tractor-pull/etc revenue?!?! The only way this works is if a potential NHL franchise owner pays 50% of the cost of the arena, and runs it as a 50/50 operation like Center Operating Company L.P. which runs American Airlines Center in Dallas. The profile is a bit out of date, still showing Tom Hicks as the Stars' owner.

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02-16-2012, 02:34 AM
  #310
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So whats the consensus here, is Seattle a real threat to QC to land the next NHL team to relocate? I can see it from perspectives, since for the first time in over 15 years I'm not emotionally invested in a relocation decision.

Anyone wanna throw out a borderline informed percent chance for each city at this point? Both seem to be heading down the same path, though neither has established themselves as a turn key operation.

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02-16-2012, 02:41 AM
  #311
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[QUOTE=knorthern knight;44239503]I've been up on a soapboax multiple times about the best solution...
  • send the Coyotes to Quebec for the 2012-2013 season
  • promise Seattle a franchise for 2015-2016. One or more of Islanders/Devils/BlueJackets will be available by then. If there's an amazing economic recovery and there are no NHL franchises in trouble (bwahahaha), the NHL could expand.


Flip flop this. There would be almost no need for a radical realignment next year (unless Winnipeg is still insistent on it, but maybe they enjoy going to Carolina, Tampa and Miami 3 times during the winter?).
Like I've said before, though, Southern Ontario would work better, probably a lot better, than Quebec City would.

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02-16-2012, 02:44 AM
  #312
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Originally Posted by beenhereandthere View Post
Flip flop this. There would be almost no need for a radical realignment next year (unless Winnipeg is still insistent on it, but maybe they enjoy going to Carolina, Tampa and Miami 3 times during the winter?).
Like I've said before, though, Southern Ontario would work better, probably a lot better, than Quebec City would.
Unless you're in Quebec City

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02-16-2012, 02:49 AM
  #313
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Quote:
Originally Posted by beenhereandthere View Post
The city won't allow an Ackerley this time around.
2 questions...
  1. This is Hansen putting up his own money. If you're city council, do you want to risk blocking the return of the Sonics trying to force NHL compatability down Hansen's throat?
  2. If Hansen comes back to city council with "Fine, you want an NHL-compatable building that costs a couple hundred million more, you pay the difference", then what?

Quote:
Originally Posted by beenhereandthere View Post
That's why the NHL needs to beat the NBA to the punch, if the arena plans are set. If they don't, that worst case situation could happen, where cost overruns, could get rid of the hockey readiness, like what happened to the arena in Brooklyn (that was originally going to be made for both, but when it got over budget, they scaled back and made NBA ready only, wishing they never did that now, thanks to what's going on with the Islanders).
What needs to happen is for a billionaire potential NHL-franchise owner to step up and pay for half the arena. I have my doubts.

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02-16-2012, 02:55 AM
  #314
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Quote:
Originally Posted by knorthern knight View Post
  • promise Seattle a franchise for 2015-2016. One or more of Islanders/Devils/BlueJackets will be available by then.
Unless Devils or Jackets declare bankruptcy and that voids their arena lease, they aren't going any where soon.

(The NHL does not condone the breaking of leases.)

Detroit (currently season to season) and the Islanders (expiring in a couple of years) may be the only teams ***in the near future*** that do not have an arena lease to break so they could relocate.

But I really doubt Illich is going to pull a relocation threat out (as he did with the Tigers).

Expansion to Seattle and/or elsewhere may be in the works by then.

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02-16-2012, 02:55 AM
  #315
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Quote:
Originally Posted by knorthern knight View Post
2 questions...
  1. This is Hansen putting up his own money. If you're city council, do you want to risk blocking the return of the Sonics trying to force NHL compatability down Hansen's throat?
  2. If Hansen comes back to city council with "Fine, you want an NHL-compatable building that costs a couple hundred million more, you pay the difference", then what?
Read the "tweets" I posted above from Mitch Levy. It should answer some questions.

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02-16-2012, 03:12 AM
  #316
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Originally Posted by knorthern knight View Post
  • send the Coyotes to Quebec for the 2012-2013 season
  • promise Seattle a franchise for 2015-2016. One or more of Islanders/Devils/BlueJackets will be available by then. If there's an amazing economic recovery and there are no NHL franchises in trouble (bwahahaha), the NHL could expand.
Quote:
Originally Posted by beenhereandthere View Post
Flip flop this. There would be almost no need for a radical realignment next year (unless Winnipeg is still insistent on it, but maybe they enjoy going to Carolina, Tampa and Miami 3 times during the winter?).
Like I've said before, though, Southern Ontario would work better, probably a lot better, than Quebec City would.
Does Seattle have a 15,000 unobstructed seat hockey arena? I don't know what to call Tacoma Dome, but "NHL hockey arena" doesn't spring to mind.

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02-16-2012, 03:16 AM
  #317
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Seattle Totems. There's no other alternative! With the rich history that team had in the WHL, the plethora of NHL players (i.e. Pat Quinn, Bobby Schmautz) that were once Totems, the Canucks-Totems rivalry in the WHL, and the two times that the team almost entered the NHL, there's no reason not to name them the Totems.

The uniforms could use a bit of an update, as could the logo. The general concept is there, though.



The official 1966-67 Championship Documentary:



http://www.seattletotems.org/audio/totemotgoal.mp3

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02-16-2012, 06:23 AM
  #318
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"I went from Phoenix, Arizona all the way to Tacoma (sort of)!"


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02-16-2012, 07:56 AM
  #319
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Quote:
Originally Posted by Seattle Sasquatch View Post
<Kansas City>

had to be said... but we will get teams soon.
might want to add Quebec and Winnipeg

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02-16-2012, 10:34 AM
  #320
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So does this mean the Showbox Sodo would be demolished? That would suck.

Fingers crossed this arena doesn't pull a Barclays Center and is built to NHL standards, and that an NBA doesn't end up being a landlord to an NHL team. Can't see good things coming from that.

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02-16-2012, 11:05 AM
  #321
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Why the hell would they make it NBA only? If there was no intention of getting a NHL here, I would think they would just revamp the key to where NBA would be happy with it.

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02-16-2012, 11:14 AM
  #322
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Originally Posted by gstommylee View Post
Why the hell would they make it NBA only? If there was no intention of getting a NHL here, I would think they would just revamp the key to where NBA would be happy with it.
It's cheaper. Barclays was originally designed for NBA and NHL.

As for the Key Arena, no one is going step up with their own money and revamp a city owned arena. If so, the Sonics would still be there.

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02-16-2012, 11:18 AM
  #323
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Originally Posted by Rocko604 View Post
It's cheaper. Barclays was originally designed for NBA and NHL.

As for the Key Arena, no one is going step up with their own money and revamp a city owned arena. If so, the Sonics would still be there.
And yet they would shoot them in the foot if it can't be used for NHL hockey games. You don't spend ~485-500m dollar to build a new arena to where it can only host NBA games.

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02-16-2012, 11:23 AM
  #324
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Quote:
Originally Posted by Rocko604 View Post
It's cheaper. Barclays was originally designed for NBA and NHL.

As for the Key Arena, no one is going step up with their own money and revamp a city owned arena. If so, the Sonics would still be there.
One, why this talk above about a new arena potentially only being for basketball? Hasn't it already been made clear that all sides want an arena that suitable for both sports, and not only that but that both major leagues are desired for a new arena?
Two, isn't it a fairly well-known belief that the conditions of The Key were only an excuse so that Bennett could ultimately move the Sonics to OKC, which most believe was his objective all along?

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02-16-2012, 11:23 AM
  #325
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Originally Posted by Uncle Rotter View Post
"Hansen described his interest as building an arena and attracting an NBA franchise, saying others would have to come forward with a hockey proposal. He declined to say if hockey is crucial to a profitable arena, although others have said that it would be."

http://seattletimes.nwsource.com/htm...hansen16m.html
He's just not that into you Gary.

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