Report: Barclays Center to Pay Isles Millions Per Year to Relocate to Brooklyn

[albertGQ]

http://islanderspointblank.com/islan...yn/#more-43369

Not a bad deal for Wang if I do say so myself.

[Coach]

If they were planning on doing this, why didn't they make the stadium proper for hockey?

[Resolute 14]

In Soviet Brooklyn, lease pays you!

[T@T]

Originally Posted by MattyC

If they were planning on doing this, why didn't they make the stadium proper for hockey?

Because they weren't planning it.

Barclays Center,which is not as profitable as it's owners originally thought saying it's "tens of millions" behind income estimates.

[Muffins]

Originally Posted by MattyC

If they were planning on doing this, why didn't they make the stadium proper for hockey?

Because Jay-Z has 99 problems, and caring about hockey ain't one.

[cam_wmh]

Didn't Jay-Z sell his 0.04% or whatever ownership stake?

[Sidney Crosby's Hat]

Originally Posted by MattyC

If they were planning on doing this, why didn't they make the stadium proper for hockey?

Original plans were for a full proper hockey arena and then it was scaled all the way down to no hockey at all (not even an ice plant). At some point during construction it was bumped back up again. I'm guessing it was at that point that they figured that the Islanders would be a viable option.

[Coach]

Originally Posted by T@T

Because they weren't planning it.

Either way, I think it's stupid that they didn't do it right off the bat. It seems like something that should be a "might as well" decision. If you're pouring a buttload of money into something, why not make it viable for all possible tenants?

[Julio]

Originally Posted by MattyC

Either way, I think it's stupid that they didn't do it right off the bat. It seems like something that should be a "might as well" decision. If you're pouring a buttload of money into something, why not make it viable for all possible tenants?

The main reason would be that you have to make compromises if you plan on having a 'multipurpose' facility. One example of this is the ACC in Toronto, which had some design changes after the Leafs bought the Raptors, and had to make sure all the seats were usable for both sports. I've sat in seats for Leaf games where I have had to lean forward if the puck went into the corner closest to me.

[d_phaneuf]

Originally Posted by cam_wmh

Didn't Jay-Z sell his 0.04% or whatever ownership stake?

yep, had to when he became an agent

[Sidney Crosby's Hat]

Originally Posted by MattyC

Either way, I think it's stupid that they didn't do it right off the bat. It seems like something that should be a "might as well" decision. If you're pouring a buttload of money into something, why not make it viable for all possible tenants?

The project came in way over budget so they had to make cuts.

[Resolute 14]

The unasked question here is "what is the arena getting back?" With no other information to go on, it almost seems like a flat rate deal. The arena pays the Islanders a guaranteed price, but gets everything else in-arena themselves - parking, concessions, advertising, etc.