Top Menu

Tag Archives | lease

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 […]

Continue Reading

Edmonton approves Oilers arena deal

By a surprisingly wide 10-3 margin, the Edmonton City Council voted to move forward on a plan for a new $450-million Edmonton Oilers (NHL) arena, directing city staff to work out an agreement with the team. The funding plan was slightly tweaked before it was approved this afternoon. The base agreement remained the same. The […]

Continue Reading

New for 2011: Ford Center

The new downtown Evansville arena officially has a name — Ford Center — and a lead pro-sports tenant after the Evansville IceMen (CHL) come to terms on a new lease after some amazingly contentious negotiations. The naming-rights deal, announced today by arena manager VenuWorks, is a 10-year deal worth $4.2 million. In additional to the […]

Continue Reading

Casino revs to bail out Blue Jackets lease?

Tax revenues from a proposed casino on the West Side of Columbus could help bail out the staggering losses incurred by the Columbus Blue Jackets (NHL) because of a bad Nationwide Arena lease. The proposal, which isn’t yet public but reported upon by the Columbus Dispatch, would use tax revenues from the Hollywood Casino Columbus […]

Continue Reading

Atlanta Spirit in full liquidation mode

After a multiyear legal battle to gain control of the Atlanta Hawks, the Atlanta Thrashers and Philips Arena, the Atlanta Spirit is pulling an abrupt about-face and is looking to liquidate all its holdings, with John Moores negotiating to buy the NBA franchise. We’ve already covered discussions between the Spirit and True North Sports & […]

Continue Reading