[Rumour] Coyotes owner put in letter of intent to buy 41 acres of land in Mesa, Arizona

[Strange Brew]

Originally Posted by Jordan!

I believe there will be 3 opportunities to acquire land. But if none of those are feasible it's 1-800-MAT-ISHBIA

I don't know what this means. What constitutes an opportunity to acquire land?

What seems more logical is that there is a deadline in place to secure financing for an arena development. Which I would imagine is as important to ownership as it is to the league. The current owners are not that impressive, but I doubt they want to lose money indefinitely. But then you are suggesting the NHL will force them to sell to a particular buyer?

[Buff]

Originally Posted by troutman

Stingers
Killer Bees

Maybe these guys can help promote the team!

[Reggie Dunlop]

Originally Posted by troutman

Stingers
Killer Bees

The Honey Drippers

[powderjunkie]

Ishbia is all-in on basketball (he played in college). He's probably going to pay as much as it would take to buy the Yotes in NBA luxury tax over the next 5 years.

Which isn't to say he definitely isn't interested, but his priorities seem clear.

[Southern_Canuck]

I think they'd be missing the boat if they didn't go for the:

Salt Lake City Polygamies

S_C

[Jordan!]

Originally Posted by powderjunkie

Ishbia is all-in on basketball (he played in college). He's probably going to pay as much as it would take to buy the Yotes in NBA luxury tax over the next 5 years.

Which isn't to say he definitely isn't interested, but his priorities seem clear.

Yeah, but also:

-He's a Michigan kid
-His company UWM is the Detroit Red Wings uniform sponsor
-Has proven to want to be a Sports empire owner, close to buying the Denver Broncos, etc.
-Needs a new arena - Lease ends in 2037, can get that done easier as the owner of 3 teams in 1 building. Suns/Mercury/Coyotes

[TheScorpion]

Coyotes GM Bill Armstrong was just on Sirius NHL radio and said the team has narrowed it down to three options for land in AZ and are aiming to have a deal finalized at the All-Star break.

[getbak]

Sounds about right. The All Star break has long been my prediction for when a deal will be announced... for the sale and relocation to Salt Lake City.

[Reggie Dunlop]

In keeping with the state's professional sporting team tradition of misaligned musical genres, I give you the Salt Lake Ska.

[Strange Brew]

Originally Posted by getbak

Sounds about right. The All Star break has long been my prediction for when a deal will be announced... for the sale and relocation to Salt Lake City.

I suspect we will have an idea even before then. There is more to it for these guys than just buying some land, as they will be looking for some sort of sales tax diversion or other government subsidy. I imagine that if we don't hear rumors of progress by Thanksgiving or Christmas at the latest, then they will move towards a sale. Until then, the public statements coming from the Coyotes are just hot air.

[D as in David]

Originally Posted by Reggie Dunlop

In keeping with the state's professional sporting team tradition of misaligned musical genres, I give you the Salt Lake Ska.

The Salt Lake City Ya Mons. Not to be confused with the More Mons.

[Jordan!]

Originally Posted by TheScorpion

Coyotes GM Bill Armstrong was just on Sirius NHL radio and said the team has narrowed it down to three options for land in AZ and are aiming to have a deal finalized at the All-Star break.

Bingo.

Also, this does nothing to the original timeline. Since the team no longer needs to clean up/remediate a landfill. This may even be a faster project to complete than the Tempe site.

[Strange Brew]

Originally Posted by Jordan!

Bingo.

Also, this does nothing to the original timeline. Since the team no longer needs to clean up/remediate a landfill. This may even be a faster project to complete than the Tempe site.

Have they negotiated with Mesa or any other municipalities about funding?

[DoubleK]

Originally Posted by Strange Brew

Have they negotiated with Mesa or any other municipalities about funding?

They didn't need/ask/request for funding from Tempe, so not quite sure what you are getting at or how it's at all relevant to the team selecting an alternate site.

The only part of the Tempe deal that involved any form of "public" funds was a waiver on property taxes for the arena that would have been more than made up by the apartments and other associated developments.

Not sure how much tax revenue the dump is providing to the taxpayers in Tempe. We do know that it will cost a boatload of money to clean up the dump, money that the Coyotes were willing to put up.

Any and all of this was much much less than the incentives Glendale offered the franchise.

At the end of the day, Phoenix voters were likely still jaded from the shenanigans that the Diamondbacks pulled with Chase Field.

[FlamesAddiction]

I hope he gets the land and the arena gets built. Whether the Coyotes turn into a healthy franchise or not doesn't matter to me.

If they build it and the Coyotes actually start drawing fans, then great. The Phoenix area is a major market in the Southwest and fills out the geography nicely.

If they build it and still draw minor league sized crowds, it will be funny to hear what the excuses will be.

[PepsiFree]

Originally Posted by FlamesAddiction

I hope he gets the land and the arena gets built. Whether the Coyotes turn into a healthy franchise or not doesn't matter to me.

If they build it and the Coyotes actually start drawing fans, then great. The Phoenix area is a major market in the Southwest and fills out the geography nicely.

If they build it and still draw minor league sized crowds, it will be funny to hear what the excuses will be.

Solution: They build something that looks like an arena, but on the inside it’s only the lower bowl filled with seats, while the second and third levels are a discount outlet indoor shopping mall! Giving Arizona residents everything they actually want and show interest in while the NHL gets to pretend the thousands of people coming through the door are there to see a hockey game.

Genius.

[Lanny_McDonald]

Originally Posted by DoubleK

They didn't need/ask/request for funding from Tempe, so not quite sure what you are getting at or how it's at all relevant to the team selecting an alternate site.

The only part of the Tempe deal that involved any form of "public" funds was a waiver on property taxes for the arena that would have been more than made up by the apartments and other associated developments.

Not sure how much tax revenue the dump is providing to the taxpayers in Tempe. We do know that it will cost a boatload of money to clean up the dump, money that the Coyotes were willing to put up.

Any and all of this was much much less than the incentives Glendale offered the franchise.

At the end of the day, Phoenix voters were likely still jaded from the shenanigans that the Diamondbacks pulled with Chase Field.

Not a lot of this is true. The Coyotes came hat in hand looking for a free plot of land where the city would pay for cleanup costs associated with the project. There were significant costs the city would have to take on and the logistics were never fleshed out on many of the contentious issues (remediation and relocation of the dump, infringement on Sky Harbor, actual revenue generation for the city, etc.). There is a really good reason the citizens voted this project down. The Coyotes made a good pitch, but there wasn't initially much transparency to what was actually involved. As the discussions went deeper and the details started coming out for involved stakeholders it became obvious this was going to be costly to the city. It did not forward the interests of the community at large and was a debacle waiting to happen.

The Coyotes would be wise to engage City of Mesa early and get their support before they try another end around. Work the process honestly and in the open. The citizens will be more inclined to support it if there is some honest dialogue and actual benefit.

[Strange Brew]

Originally Posted by DoubleK

They didn't need/ask/request for funding from Tempe, so not quite sure what you are getting at or how it's at all relevant to the team selecting an alternate site.

The only part of the Tempe deal that involved any form of "public" funds was a waiver on property taxes for the arena that would have been more than made up by the apartments and other associated developments.

Not sure how much tax revenue the dump is providing to the taxpayers in Tempe. We do know that it will cost a boatload of money to clean up the dump, money that the Coyotes were willing to put up.

Any and all of this was much much less than the incentives Glendale offered the franchise.

At the end of the day, Phoenix voters were likely still jaded from the shenanigans that the Diamondbacks pulled with Chase Field.

This just isn't true. I don't understand why anyone would accept what these guys say at face value without doing just a little bit of independent research and thinking beyond the club's own press releases.

What's clear is that ownership doesn't want a situation where there is a need for a public vote. Both because it's likely they lose and it continues to delay the timeline. So they will be looking for a friendly municipality that will divert sales tax revenues as well as provide other concessions without going to the public.

Lanny said it well. This group has a track record of being opaque and evasive on these matters and if they are serious about getting this done, it would be nice if they changed their approach.

[DoubleK]

Originally Posted by Strange Brew

This just isn't true. I don't understand why anyone would accept what these guys say at face value without doing just a little bit of independent research and thinking beyond the club's own press releases.

Literally none of what I said came from the club. Everything I posted about the Tempe deal is 100% true.

Did you even bother to read the propositions or do any research yourself? Or is Lanny your source?

We've owned property in the valley for 15 years, I'm informed enough.

[Strange Brew]

Originally Posted by DoubleK

Literally none of what I said came from the club. Everything I posted about the Tempe deal is 100% true.

Did you even bother to read the propositions or do any research yourself? Or is Lanny your source?

We've owned property in the valley for 15 years, I'm informed enough.

Here is an excerpt from the GCI study, which IMO is the most objective data that is out there. Link to the full study is attached.

"The TED is an expansive, multi-phased development that requires a significant investment to cover remediation and infrastructure costs. An added 16,000 seat arena is likely to create a significant business model challenge as the region will have three large arenas that need to book a relatively fixed number of available concerts and other large events to be economically viable. GCI’s analysis finds that the project will not generate nearly sufficient additional municipal tax revenue to offset revenue the city has allocated to the CFD to assist in paying off the project’s $208 million bond. For every $2.70 of tax dollars redirected to the CFD, Tempe will only gain $1 in new revenue.
Further, overall gross tax revenue to the city from the project is not likely to exceed alternative uses of the site that do not require a CFD. Because the Coyotes have been in the Phoenix MSA for more than 30 years and most entertainment spending is simply redistributed, the impact on the greater Phoenix metropolitan economy is negligible."

https://grandcanyoninstitute.org/wp-...pr_17_2023.pdf

Feel free to show your work, from something that is not sourced back to the Coyotes.

It's hard to believe you're arguing against the idea that the Coyotes should be working towards an agreement with the relevant local government. You really believe they want to pay for the entire cost themselves?