Is there really a business case for a third big arena in PHX?
In Miami, the Heat and Panthers arenas are 35 miles apart.
Glendale to Tempe spot is only 26 miles, with the Suns arena in the middle (18 and 10 miles away respectively). Won't the arenas just undercut each other for non-sports events?
I believe this is exactly why Glendale did what they did. They recognize that they'd be the third choice in a market that can probably realistically support 2 large arenas. So, I think their goal is to do whatever they can to make sure the arena in Tempe doesn't get built.
They would have been willing to sign a long-term lease with the Coyotes to keep them in the arena, which would have led to the Coyotes dropping the Tempe plans. Failing that (which seems to be what happened), they would most-likely just want to see the Coyotes leave town, which would also likely kill the Tempe arena deal.
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I believe this is exactly why Glendale did what they did. They recognize that they'd be the third choice in a market that can probably realistically support 2 large arenas. So, I think their goal is to do whatever they can to make sure the arena in Tempe doesn't get built.
They would have been willing to sign a long-term lease with the Coyotes to keep them in the arena, which would have led to the Coyotes dropping the Tempe plans. Failing that (which seems to be what happened), they would most-likely just want to see the Coyotes leave town, which would also likely kill the Tempe arena deal.
It also sounds like they've resigned themselves to the Tempe arena getting built eventually if the chatter about them converting their venue to rodeo only is true.
But your reasoning is probably also why the Suns aren't willing to allow the Coyotes to play downtown.
Talking Stick can't/won't/will never fit an NHL rink, the floor isn't big enough. It has nothing to do with the Suns not liking the Coyotes.
It's not an option and never will be.
Not necessarily true. The ice plant was changed to accommodate disney shows, etc.. but the #1 reason why that's not even a consideration is because of Robert Sarver and him wanting to be the only show in town and as mentioned above any new Coyotes arena is a competitor to the downtown building.
If Sarver (I say Sarver, not the Suns) were a good neighbor something could've been worked out in regards to replacing/upgrading the ice plant in the building.
Talking Stick can't/won't/will never fit an NHL rink, the floor isn't big enough. It has nothing to do with the Suns not liking the Coyotes.
It's not an option and never will be.
The Coyotes initially played out of this arena. An ice surface can fit in there, and they do have the appropriate ice making equipment, but it is a terrible layout to watch a hockey game. It has always had terrible sight lines and the renovations have not really changed that. As Jordan said, the Suns' owner wants nothing to do with the Coyotes. This is a Suns issue as they would have to agree to allow the Coyotes to play out of their arena.
Not necessarily true. The ice plant was changed to accommodate disney shows, etc.. but the #1 reason why that's not even a consideration is because of Robert Sarver and him wanting to be the only show in town and as mentioned above any new Coyotes arena is a competitor to the downtown building.
If Sarver (I say Sarver, not the Suns) were a good neighbor something could've been worked out in regards to replacing/upgrading the ice plant in the building.
They have to take out a bunch of seats and shove the rink to one end. This results in thousands of seats with an obstructed view. It's a purpose built basketball arena.
It literally doesn't fit.
__________________ It's only game. Why you heff to be mad?
They have to take out a bunch of seats and shove the rink to one end. This results in thousands of seats with an obstructed view. It's a purpose built basketball arena.
It literally doesn't fit.
The Coyotes literally played out of that arena before Glendale was built. Yes, it sucked. The sight lines were horrible and there were obstructed seats. No one is saying it is a good building for hockey, but it has been used for hockey and could be used again.
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It also sounds like they've resigned themselves to the Tempe arena getting built eventually if the chatter about them converting their venue to rodeo only is true.
Is that actually a thing or did someone just read a headline and misunderstand?
ASU is a non-profit. It's not legally allowed to operate as a corporation or generate profits. The fact that you reference its endowment supports the point. Universities live off of gifts (endowment) from donors and alumni. It is this giving that allows universities to build new buildings and pay for research. They don't generate profits because that is against their charter and their tax status.
Huge state schools like ASU don’t have to live off of their endowment or donations. They generate massive amounts of revenue just like a for profit corporation. Only difference is that there are no shareholders to whom profits get distributed.
They are run very much like big businesses. Their legal form and tax status doesn’t really change that.
ASU is a non-profit. It's not legally allowed to operate as a corporation or generate profits.
Right It's a non-profit corporation. You apparently think the word ‘corporation’ means only ‘for-profit incorporated business’. In fact, it means any legally chartered body that can undertake contracts and be responsible for its own liabilities. Universities are corporations. Non-profits are corporations. Municipalities are corporations. And while each of those types of corporations has its own functions and restrictions, there is considerable overlap between them in their operations.
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The fact that you reference its endowment supports the point. Universities live off of gifts (endowment) from donors and alumni.
No, they live off of income generated from the capital represented by those endowments. The money is invested, and the profits from that investment are used to fund university programs.
Did you think ASU just has $1.3 billion in petty cash doing nothing, and draws on it whenever a professor wants some chalk?
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The Coyotes literally played out of that arena before Glendale was built. Yes, it sucked. The sight lines were horrible and there were obstructed seats. No one is saying it is a good building for hockey, but it has been used for hockey and could be used again.
Yes, exactly. They could upgrade the ice plant and a bunch of other things for the amount of money they're spending on the ASU rink. It's not ideal but also neither is playing in front of 3,000 to 5,000 fans. Coyotes did play there for seven seasons and Islanders played a handful of years in a similar type arena in Brooklyn.
ASU Board of Regents approve of the Coyotes annex and plans to play for the next 3 years
This officially ends the Glendale saga
I really do believe the team can make this a unique and special arrangement short and long term with ASU/Tempe - truly a perfect scenario while obviously being very imperfect and not ideal but this was the best choice for the team.
All of the lease and costs will be paid by the Coyotes up front, and sorry Canada.. Alex Meruelo isn't hard up for cash
ASU not taking any chances after Glendale. Requiring the Coyotes to pay for everything upfront. Coyotes must have the lowest credit rating in pro sports.
