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Officials still pursuing new downtown Las Vegas arena

New Las Vegas Strip Arena

Mayor Carolyn Goodman says she’s still pursuing a new downtown Las Vegas arena despite the groundbreaking today on a new $350-million Strip arena in back of New York-New York. Read More »

Las Vegas arena groundbreaking set for May 1

Las Vegas Arena

With multiple arena proposals still on the table, AEG and MGM Resorts International are moving ahead on a $350-million arena project behind New York-New York on the Strip, and a groundbreaking is scheduled for May 1. Read More »

KFC Yum! Center debt restructured thanks to U of Louisville concessions

KFC Yum! Center

The University of Louisville will forgo some KFC Yum! Center sponsorship revenue over the next three years, giving the Louisville Arena Authority more cash to pay down larger-than-expected debt. Read More »

The numbers add up: KC’s Sprint Center doing just fine

Sprint Center

Though there are no NBA or NHL teams playing in Sprint Center, the arena is doing just fine by one important measure: it’s generating economic activity in downtown Kansas City. Read More »

MGM, AEG announce new Las Vegas arena

newlasvegas

After years and years of talk, we have movement on a new Las Vegas arena, with AEG and MGM Resorts International finalizing plans for a new Populous-designed project between New York-New York and Monte Carlo resorts. Read More »

Target Center renovations get bogged down in details

targetcenterrevamp1112

A planned Target Center renovation is seemingly on hold while the city, the Minnesota Timberwolves (NBA) and building manager AEG debate the outlines of the deal. Read More »

Next up in Sacramento arena quest: term sheet

Though there is broad agreement over funding of a new Sacramento Kings (NBA) arena, the tires will hit the road when a formal term sheet — with specific figures — is released. That release is scheduled for tomorrow. It should be interesting: the biggest chunk of arena financing, the sale of future downtown-parking revenues, is still a long ways from ... Read More »

Sacramento, Kings reach tentative arena deal

Sacramento officials and the owners of the Sacramento Kings (NBA) have reached a tentative deal on financing for a new arena in the city’s downtown area. The deal, still subject to final approval once the city’s part of the funding package is determined, calls for larger-than-planned contributions by the Maloofs, owners of the Kings, and arena-management firm AEG. For a ... Read More »

Sacramento arena plan: still a work in progress

A funding plan for a new Sacramento Kings (NBA) arena is still in negotiations, with Commissioner David Stern giving mixed signals about how much support he expects from the Kings. Really, there’s little new on the arena front since the last time we reported on the Sacramento arena situation: the city is still negotiating with potential investors over a $200-million ... Read More »

How realistic is Sacramento arena plan?

As more details emerge about a proposed Sacramento arena plan, it appear the city may ask more of the NBA’s Kings and take some facility revenue streams. Is this realistic? Though the financial cornerstone of the $387-million (or $400 million, depending on who you ask) funding plan is the sale of future downtown parking revenues for $200 million, the rest ... Read More »

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