NHL Commissioner Gary Bettman spoke out on the need for a new or renovated arena in Nassau County for the New York Islanders — and the implication was clear that something needed to be done before the team’s lease expires in 2015. Bettman said there were no plans to move the team, and stressed that […]
Tag Archives | lease
Glendale approves Coyotes lease
After a contentious meeting that lasted will into the night, the Glendale City Council approved a $197-million deal that will keep the Phoenix Coyotes (NHL) in Jobing.com Arena through 2040. Under the terms of the lease, Glendale will float bonds backed by the facility and immediately pay new team owner Matthew Hulsizer $100 million, which […]
Could lawsuit sink Glendale arena deal?
The Glendale (Az.) City Council is expected approve a Jobing.com Arena lease where the city pays potential Phoenix Coyotes (NHL) owner Matthew Hulsizer $197 million to operate the team. Could legal action from a public watchdog group sink the deal — and in the process chase the Coyotes from the state? The Globe and Mail […]
Glendale proposal: pay Hulsizer $197M to run $170M team
Either Matthew Hulsizer is the greatest negotiator on the face of the earth or Glendale officials are extremely desperate to keep the Phoenix Coyotes (NHL) at Jobing.com Arena, as the latest lease proposal pays Hulsizer $197 million over the next five years after he buys the Coyotes for $170 million. It sounds like a great […]
New Coyotes owner in it for long haul
Matthew Hulsizer admits investing $165 million or so in the Phoenix Coyotes (NHL) may not be the best investment he’s made, but the former Amherst College captain says he’s willing to lose money in the short term — and expects to make money on his buy in the long term. Hulsizer is in line to […]
Coyotes sale: Yet another missed deadline
All sides were hoping a deal for a group led by Chicago businessman Matthew Hulsizer to buy the Phoenix Coyotes (NHL) would be completed by Dec. 1, but it’s apparent that deadline will be shot, as negotiations for a jobing.com Arena lease continue. The issue, we’re told, is the level of subsidy the Hulsizer group […]
Three leagues pitch Evansville for new-arena lease
Three hockey leagues — the ECHL, the CHL and the USHL — have responded to a call from the city of Evansville for proposals to lease a new downtown arena slated to open in 2011. All three submitted detailed information about their leagues, teams and potential leases. All three are on solid financial footing. The […]
Pacers, Indianapolis agree on subsidies for Conseco Fieldhouse
The Indiana Pacers and the city of Indianapolis have agreed to a reworking of the team’s lease for Conseco Fieldhouse, with the city agreeing to pay the team $10 million annually for running the facility. The team has claimed poverty in recent years and sought to change the terms of the Conseco Fieldhouse lease. While […]
Reading Royals, SMG commit to Sovereign Arena through 2020
The ECHL’s Reading Royals and arena-management-firm SMG — which has an ownership stake in the Royals — will be integral parts of Sovereign Arena under contract extensions announced yesterday. SMG has managed the arena since it opened in 2001; Savor, the firm’s concessions arm, also had its contract extended through 2020 as well. SMG receives […]
Vipers to stay at State Farm Arena
After exploring other venues in the area, the D-League’s Rio Grande Valley Vipers have decided to spend the next two seasons at Hildalgo’s State Farm Arena. The Vipers had explored a lease at the McAllen Convention Center, but at the end of the day came up with a lease at State Farm Arena that was […]
New Aces lease causing bad feelings with trade-show operators
It’s an age-old issue when teams are negotiating a lease: who gets priority at playoff time. In Anchorage, the Sullivan Arena staff has given priority to the ECHL’s Alaska Aces — and some trade shows bumped from the venue are not pleased. The contract provisions are pretty standard when it comes to professional hockey: the […]
Panthers seek debt relief from Broward County
The owners of the NHL’s Florida Panthers are seeking to renegotiate their lease on BankAtlantic Center to lower yearly payments and free up cash for operations. The Panthers are looking to decrease their yearly payments by $2.5 million annually through 2016, with a $1 million raise in 2017. The lease would also be extended by […]
