It won’t be cheap for the Golden State Warriors (NBA) to leave Oracle Arena, as rent for the 2017-2018 and 2018-2019 seasons will go up 67%, or $1 million per year, under the terms of a two-year lease. (more…)
Tag Archives | lease
Phoenix Coyotes sale could be resolved next week
The fate of the Phoenix Coyotes sale should be resolved next week, as the NHL has set July 2 as a drop-dead date to make a deal and a potential owner pitching a $15-million annual subsidy to run the arena. (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 […]
It’s official: ECHL expands to Orlando for ’12-’13
Two weeks after the Orlando City Council approved a lease for an ECHL team at Amway Center, the league announced an expansion franchise was unanimously approved for the 2012-2013 season. The Orlando membership is owned by Orlando Pro Hockey Operations, L.P., an entity controlled by Joe Haleski, Bob Ohrablo and Jason Siegel. We reported on […]
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 […]
Orlando approves ECHL lease for Amway Center
When we visited Amway Center, we expressed hope that a hockey tenant would be forthcoming someday in the impressive facility. Our wish came true: Orlando has approved a three-year lease for an ECHL team, beginning in 2012-2013. The Orlando City Council approved the Amway Center lease today. The team will be owned by Orlando Pro […]
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 […]
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 […]
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 & […]
Gladiators sign Gwinnett Arena lease extension
No surprise here: the Gwinnett Gladiators, one of the most successful ECHL teams, has signed a lease extension for Gwinnett Arena that will keep the team at Gwinnett Center through 2014. “We take an enormous amount of pride that our home venue is consistently ranked as one of the premier multi-purpose facilities in the entire […]
Glendale ready to commit $25M to keep Coyotes in town for next season
Don’t expect the Phoenix Coyotes to move to Winnipeg any time soon: the Glendale City Council is preparing to authorize a payment of $25 million to keep the team at Jobing.com Arena for the 2011-2012 season, as negotiations with Matthew Hulsizer continue. It seem a little sad that the city needs to pony up that […]
Columbus, Blue Jackets stall on Nationwide Arena changes
Despite lots of chatter about the city of Columbus taking over Nationwide Arena to give the Columbus Blue Jackets (NHL) some financial relief, there have been no further talks on the issue — and there are whispers the Blue Jackets may be looking to move. The whispers are bouncing around NHL circles, and they’re confirmed […]
