DePaul athletic-department officials have a big decision to make: whether to build a $150-million arena for the Blue Demons or to take up residence at the United Center. (more…)
Tag Archives | arena
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 […]
Study: Cheaper to renovate Rupp Arena than to build new facility
This isn’t always true, but it makes sense: it would be cheaper to renovate Rupp Arena than to build a new downtown arena for the University of Kentucky Wildcats. Everyone agrees Rupp Arena in its present configuration is at the end of its economic life: Wildcats basketball is enormously popular, and there’s more money to […]
Skyforce downsizing, in potential model for D-League teams
The Sioux Falls Skyforce (D-League) are walking away from an existing home and a much larger new arena to take up residency at a new 3,000-seat facility. Here’s why it makes business sense. The Skyforce are an institution in the D-League — a stalwart of the original CBA circuit and a successful member of the […]
Groundbreaking at new Lincoln arena
Construction of a new Haymarket-area arena for University of Nebraska sports is officially underway, as a groundbreaking ceremony was held this morning to commemorate the occasion. Gov. Dave Heineman was on hand with university and city officials to mark the beginning of work on the 16,000-seat arena, largely funded by a 2 percent tax on […]
Baltimore arena plan shifts to waterfront
The search for the site of a new Baltimore arena has shifted from the current 1st Mariner Arena site and to an expansion of the Baltimore Convention Center, where a new 18,500-seat facility is now envisioned by city officials. The nonprofit Greater Baltimore Committee is exploring arena options after officials concluded 1st Mariner Arena coudn’t […]
No drastic makeover expected for The Ralph
As the University of North Dakota prepares to retire the Fighting Sioux name and logo after the end of the current academic year, the future of Engelstad Arena and its 2,200 or so embedded Sioux logos is addressed by school officials. Engelstad Arena isn’t actually owned by the University of North Dakota: it is privately […]
Katz ups arena offer to $200M; city willing to talk
Edmonton Oilers owner Daryl Katz has doubled his offer to help finance a new downtown arena, but before the city is ready to act councillors have lots and lot of questions. Still, Katz is closer than ever before to achieving his dream of a downtown arena. Katz’s offer came during a City Council meeting last […]
Goodman to Vegas group: Show me the NBA contract
Las Vegas Mayor Oscar Goodman is openly skeptical about the claim by International Development Management that it has an NBA team “under contract” if a new Clark County arena is built; meanwhile, the NBA denies that any team is eminently moving to Sin City. Goodman, who has worked for years to bring the NBA to […]
Edmonton: New downtown arena financially feasible
Combine a $5 ticket surcharge with a $100-million contribution from Edmonton owner Daryl Katz, and you’ve reached the point where a new downtown Oilers arena is economically viable, say city officials — raising the stakes on new-arena discussions in the city. “A new downtown arena with an increase in the number of seats and other […]
Vegas group: We have contract for NBA team if our arena plan is approved
The group seeking to build a major arena on the Strip in Las Vegas now say they have an NBA team under contract — all that’s needed is for Clark County to revive a tax-increment financing mechanism to help fund the facility. Officials from International Development Management LLC say they have an NBA franchise “under […]
Katz: I will spend $100 million on new downtown arena
Daryl Katz has shifted positions once again on his potential contribution to a new downtown arena for the Edmonton Oilers, saying he would contribute $100 million directly to arena construction costs, not to fund an adjoining entertainment district. Katz has shifted his position on the ultimate destination of his financial contribution twice already. When he […]
