[Rumour] Salt Lake City and Utah Hockey Club closing in on $900m for arena reno/district

[sureLoss]

https://twitter.com/user/status/1808557624952004611

[Yeah_Baby]

guess UTAH HC isn't going to be the Global Series ever or host a winter classic. lmao

[Icon]

Originally Posted by Yeah_Baby

guess UTAH HC isn't going to be the Global Series ever or host a winter classic. lmao

Suppose they could technically be the visiting team

[Arsenal14]

Originally Posted by Icon

Suppose they could technically be the visiting team

Works for the Rangers. They aren't able to have home games outside of MSG but they still manage to play at Yankee Stadium, etc. as the visiting team.

[Funkhouser]

Smith not putting up much cash...similar to the CGY deal but we get a new arena and the development rights in the area.

Regardless, I would bet the ticket prices will be much more reasonable in Utah.

[Paulie Walnuts]

Will they have to bid on the land for the district?

[Yeah_Baby]

Originally Posted by Icon

Suppose they could technically be the visiting team

can't host a classic tho lol

[Julio]

nm

[Finger Cookin]

Interesting that a meaningful "arena district" hasn't formed in SLC since the Jazz moved to town. Or maybe there has (I'm ignorant about the arena and surrounding area) and this extra dough is just to spruce it up with a new coat of paint?

Is one of the primary advantages of owning a pro sports franchise in North America the real estate play that comes from the arena operation? Seems like a trend more and more wiith new builds or with renovations.

[D as in David]

It's truly an indication that this franchise has moved on from its Arizona past when these stories come out on days of the week other than Monday.

[calgarygeologist]

Originally Posted by Finger Cookin

Interesting that a meaningful "arena district" hasn't formed in SLC since the Jazz moved to town. Or maybe there has (I'm ignorant about the arena and surrounding area) and this extra dough is just to spruce it up with a new coat of paint?

Is one of the primary advantages of owning a pro sports franchise in North America the real estate play that comes from the arena operation? Seems like a trend more and more wiith new builds or with renovations.

It has been many years since I've been to Salt Lake City and while I do like the arena I don't remember there being anything of significant interest around there in terms of pre/post game festivities.

[bluejays]

Originally Posted by Finger Cookin

Interesting that a meaningful "arena district" hasn't formed in SLC since the Jazz moved to town. Or maybe there has (I'm ignorant about the arena and surrounding area) and this extra dough is just to spruce it up with a new coat of paint?

Is one of the primary advantages of owning a pro sports franchise in North America the real estate play that comes from the arena operation? Seems like a trend more and more wiith new builds or with renovations.

Hard to say if it’s more or less universal around the land itself, because a lot of towns real estate isn’t as lucrative as Vancouver or New York. But there’s an opportunity to create a buzz by opening new revenue streams, like casinos, or hotels which would be valuable in many communities to get people to go there and spend their money, rather than just going for the game and leaving. It’s about the journey going there and leaving and how to extract money from each individual.

[calgarygeologist]

Originally Posted by bluejays

Hard to say if it’s more or less universal around the land itself, because a lot of towns real estate isn’t as lucrative as Vancouver or New York. But there’s an opportunity to create a buzz by opening new revenue streams, like casinos, or hotels which would be valuable in many communities to get people to go there and spend their money, rather than just going for the game and leaving. It’s about the journey going there and leaving and how to extract money from each individual.

I don't know if you are suggesting a casino for the SLC arena district but gambling is illegal in Utah.

[Burn13]

I hate Utah.

[The Fisher Account]

Glad I never have to hear about the Coyotes again.

[Icon]

Originally Posted by The Fisher Account

Glad I never have to hear about the Coyotes again.

I guarantee Bettman isn't done with Arizona.

[Yeah_Baby]

Isn't a lot of this tied to an Olympic bid too?

[Funkhouser]

Originally Posted by Icon

I guarantee Bettman isn't done with Arizona.

I can't imagine Bettman will be around when the NHL seeks another expansion. Hopefully the next commissioner will focus on more interesting locations than Phoenix and Atlanta (Austin, greater Toronto, etc.)

[You Need a Thneed]

Originally Posted by Icon

I guarantee Bettman isn't done with Arizona.

The NHL may not be done with Arizona, but nothing is going to happen until there's an owner and an arena (at least firm plans) ready.

[bluejays]

Originally Posted by calgarygeologist

I don't know if you are suggesting a casino for the SLC arena district but gambling is illegal in Utah.

I didn't known that. But I was speaking in generalities with a lot of districts trying to get in quick money. Ontario as a whole as another example tends to shy away from casinos for some reason (which is a good thing in my mind), but I don't think that's the norm across North America. It's all about milking for money somehow.