Quote:
Originally Posted by ASUSunDevil
This is the most likely scenario in my opinion, too.
While I like shiny new buildings as much as anyone, I've never walked into 'Talking Stick Arena' and thought "man, this feels outdated." I'm sure some pretty amazing upgrades could happen with $50 or so million. When I think of outdated, I think Sun Devil Stadium (not for long obviously).
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I believe the owners interest have a lot to do with revenue generation of the facility, the problem with having an older stadium is that you can generate less money for your team and therefore typically a less competitive product. This seems to hold some merit when you look at the number of suites available here versus many other cities, were not the worst, but were certainly a long way from the top. I'm not sure how many suites a market like Phoenix can sell out, but apparently this along with the fan experience is enough to pursue a new stadium versus renovation.
https://alsd.com/sites/default/files/TABLE%201%20and%202%20Conference%20Variables.pdf