Quote:
Originally Posted by Freeway
Complex bond schemes are how arena deals kill ya. PPG Paints Arena in Pittsburgh, built between 2008-10, was just recently paid off over the past few years because certain assumptions built into the financing of their municipal/state bonds didn't pan out.
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It's not an arena deal, it's the entire district and something that Tempe has done regularly in the past. That land COSTS tempe money as it stands right now.
What kills deals now, are municipalities paying for the arena on their own or in partnership. Not how it's working here, polar opposite of Glendale.
Meruelo is financing w/ partners