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Originally Posted by CrestedSaguaro
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Anyone else see the irony in moving away from PHX because of an unclear path to an NHL viable arena, only to move somewhere else that seems fairly volatile as well? I wish the players, employees, and families all the best. They deserve a good situation, I'm not yet convinced they're getting one.
From what I can gather, the Delta Center has 10,000 or so seats for hockey, terrible sight-lines, and much like in Phoenix today, there is no clear path to how a fancy new arena rendering/entertainment district will actually get paid for and built. From what I can gather, this does not look like a slam dunk for the Yotes either.
By comparison to our top sports owner, Ryan Smith is worth about $2.2 billion and Matty Ish is worth about $6 billion. Mr Smith might be spreading himself a little thin to own part of an MLS team, an NBA team, and an NHL team. But I'm merely at 25-years of volatile NHL franchise suffering so...
![Shrug](images/smilies/shrug.gif)
I also question the market size, as we've heard in Phoenix it's hard to support 4 pro teams plus major college athletics. Meanwhile SLC is much smaller and will be asked to support the athletic programs of 2 major colleges (BYU and Utah) plus now 3 pro-sports teams. In the mad dash to chase the $500M of public funding that the State of Utah passed, it seems all analysis on viability has gone out of the window.
- The Utah legislature’s vote last month to approve $500 million in spending on a new or renovated arena if the NHL comes to town definitely got some attention.
- The money is
supposed to come from a 0.5% citywide sales tax hike
plus kickbacks of sales taxes from a “10-block revitalization area” around any arena.
- How much an NHL-ready arena would cost overall remains unknown, (estimates seem to be in the $1.5B range)
- How much Smith would pay to cover the remaining costs after plunking down maybe $1.3 billion for the Coyotes.
- Salt Lake City will be by far the smallest media market with both NBA and NHL teams competing for winter sports ticket sales (1,148,120 TV households, behind Miami’s 1,720,970).
https://www.fieldofschemes.com/