Comments

1
Can you explain to us why this would be a good deal for Seattle or any other city?

Is the ownership making ludicrous demands so they can move, knowing that there's no way Glendale will cave to them?

Do they expect to bully other cities the same way?

Hasn't Seattle succeeded, thus far, without a shitty NHL team dragging us down as a loss-leader?

Does this only become beneficial as part of the Hansen deal if we also get an NBA team, which we won't?

This "deal" confuses me, because it sounds like shit yet you keep posting about it like it's a positive.
2
@1 we wouldn't have to take the same deal if they came here
3
@1 I believe I explained this in my previous post.
4
@1 You see Glendale's situation is a triple-shit venti.
Seattle's experience will merely be a single-shit tall, no whip.
5
I don't believe Seattle could support an NHL team. Hamilton, Ontario would be a guaranteed goldmine but for Toronto and Buffalo whining their markets would suffer. Buffalo would worry less if they'd field a competitive team. I vote for Quebec.
6
Lousy sports team demanding taxpayer sinecure magically reforms once it gains a few degrees latitude.
7
I think the city council is right to negotiate for what they need. The goal should be a deal that makes sense for the city, not an attempt to keep the team at all costs.
8
@6 Again, different owners, and a different city with no emotional or economic investment in the team, means a very different situation. They can move to Seattle and demand whatever they want, but they're not going to get anything better than Hansen got.
9
Are these the same people who agreed to name it jobing.com arena? seriously, that fucking sucks.
10
From Glendale's Mayor: “The city has a good history of making bad decisions". He's talking about why the city wants its own 5 year opt-out.
11
WARNING: sports addicts are seeking to get ahockey team in seattle, inevitably this will cause a drain on public purse - that's why they come to government, right? because they want a subsidy private capital or private lenders won't give them!

see the contradiction where we have on post lamenting the shortfall in public funds for education, followed by another calling for hockey in seattle despite the certainty this will require public subsidy?

typical deranged sports addict behavior. I mean, entertainment addict behavior, it's not a "sport" to watch other people do sports.

we are already paying for about five stadiums, we don't need a sixth one, we can't even afford education and roads, and to have so called liberals push sports billionaire welfare programs is highly destructive to liberal government and democratic party type goals. how can you say a stadium is more impt. than say education or roads?
12
"different city with no emotional or economic investment in the team" -- au contraire sports predator capitalism is driven by the intense emotions of fans that lead politicians to make sucky deals.

and there is always public investment in the team -- that's why they come to government instead of 100% private finance or private investor deals.

for example, the Hansen mou calls for a $200M public loan in which we get paid back, hopefully, over 32 years and earn zero profit above cost of borrowing. zero profit! free use of $200 M for thirty years is a public investment with zero return. should have a return of say $200M just for use of this money -- but we don't get it in the mou. so there's public investment with zero or inadequate return, a/k/a "subsidy" a/k/a "waste" a/k/a "bailouts for billionaires" a/k/a "public welfare for billionaire team owners helping deprive us of public resources for education and other more important things" but since fans driven by emotions can't see this they continue to prattle on about ripple benefits or other nonsense.
13
Zero Profit....

Other than about 50 hotel room single night taxes per game for visiting players and media. And sales tax on every beer sold at any establishment in or near the arena. (You could claim this is zero sum, but only if you buy that an Eastsider coming to a game would still go to a bar on game night instead of going home.) Sales taxes on team gear. City taxes on parked cars.

Smart team owners are figuring out that privately owned arenas are the future. See SF Giants, Dallas Cowboys, Chris Hansen.
14
@13 -- we wish there were privately owned arenas, the Hansen deal is for public ownership which is in name only, to give him about $300 million in real estate tax shirking -- a way to deprive the state of revenue.

if eastsiders don't come here for an arena, they will come here to go do tom douglas restaurants jack. sales taxes on team gear will not go to general fund, read the mou, they are used for repay of public finance in a large scam which calls third party tax payments a repayment from Hansen. iow, no, he doesn't even repay the public finance! not to mention paying for a profit on that money. if the benefit you can show is 50 hotel rooms ahem, how about we ........oh, repair the roads, or simply wait for another hotel to be built? besides, hello! how do you know they won't stay at an airport hotel? Also if you bring in a team of rowdy hockey players and concentrate 20,000 people at a SODO location, you create needs for greater govt. expense...it's called externalities....somehow you want to count only positive ripples, not negative ripples.....you need more cops, you have mor traffic, there is more burden on the roads, more traffic, btw the increase in traffic alone would cause more of us to NOT go downtown thus the city perhaps would not have greater sales of beer.....fact is, if the stadium supported itself private lenders would loan the money and you fans would bear the ticket prices to pay it back no problem. but they don't becauseit doesn't. you all want a handout for your preferred choice of what entertainment to consume. again, let's start calling this visual entertainment, it's not sports to watch sports sitting on your backside. why should we taxpayers subsidize you sitting on your backside with a $40,000 public subsidy per seat? pay for those seats yourselves if you love hockey and basket ball so much.
15
I can't see any downside to getting involved in a fabulous business like this, can you?

Glendale thought they had a good deal once, too.
16
@15 So if a team comes in and wants to lease KeyArena for 41 events a year, we should say no?
17
They are showing some chutzpah. Why should RSE have a unilateral right to term early when Glendale appears to be covering their risk? The City Council drafted something they could vote 'yes' on, and the League will have the pressure on to see if they really have a B plan they would go with.
18
@16 Puhleaze.

As if they won't solicit the city, county, state for gratis at every turn, every year. 'Sho would hate to hafta move ya'll's team to another city... especially after we just got cozy here and all.'

It's pro-sport SOP.

19
@16 they won't come here based only on a one year lease...they will demand imrpovements and subsidies to no end. duh!
20
Hansen has already said that the arena would work without the NHL and he has the city and county locked up in the MOU for the next 5 years. Those are the 5 year operating conditions in Seattle. That's a superior situation, still, to a willing owner, over Glendale (that's how bad that situation is).
The subsidy game has been played out here at every angle. Their play here is in a growing affluent population, and beating the NBA to that revenue.
If this doesn't force the NBA's hand for expansion during their current national tv contract talks then nothing will.

It's really going to suck to be the Mariners, as they get pushed down the sponsorship food chain, while approaching both the end if their Safeco lease and their new local tv contract.
The stadium has been paid off, the public portion of the stadium gets a slice of the parking tax at the games, and that's it. Good luck to those jackasses.

The Seahawks and Sounders are printing money, and have zero desire to rock that boat.

"Glendale" is the answer to the question mouth breathers blurt out on sports talk radio, "why don't we (or Bellevue) just build and arena now while we wait.?"
21
@16 -- yes. Unless they're the Storm, in which case we should say yes, and we should also subsidize them, because...something?
22
I am convinced that Goldy gets money from Hansen. There's no other explanation.
23
@22 Good thing I'm not litigious, because that is defamation if I've ever seen it.
24
Unless the rest of the state is going to help fund this team, they shouldn't be able to root for it. Maybe name the new team the Seattle "Fuck You Mouthbreathing Rural Assholes Just Go To Fucking Idaho Already".

I'd buy a jersey with that on it.
25
@20

Maybe that's the case, but he doesn't get his arena without the NBA per the terms of his MOU.
26
Goldy, do you also have stock in a law firm, you bloated phony? What's the matter. You can dish it out, but you can't take it?
27
@26 lots of people argue with Goldy. The ones worth reading tend not to groundlessly accuse him of corrupt reporting.
28
Goldy probably would enjoy a few free "media passes" to see NBA/NHL/arena events though. Steinbrueck is the only major mayoral candidate who proposes re-examining if the SoDo location is best for Hansen's dream castle.
29
FUCK YEAH!
30
However, if an NHL team were willing to sign a multi-year lease for the KeyArena with no tax breaks/kickbacks/or redirections of any payments that would normally go to the city going to the NHL team, I'd be willing to throw my support behind it.

Asking for $15 M a year from AZ and then come to Seattle for $0 a year, a semi-unproven market, talk about a back is to the wall business decision.
31
@30, it seems naïve, but the two Mets fans proposing it aren't expecting anything on day 1 to my knowledge. They are looking at it as an investment and spending two or three years at the Key is probably part of a larger picture. If they are moving, we now have a good coach and goalie signed up for September.
32
Earth to Phoenix....Hockey is dead there so get rid of it. Why is this taking so long to do? they moved winnipeg in the 90's within a year, this phoenix mess has dragged on 4 years already! Put a team or product where there is a demand for it. Is that not the cornerstone of a democratic system? Provide a level playing field for all. the NHL is coughing up 25m a year to keep the coyotes running. If there was demand in Phoenix then it would have sorted itself out by now. Its not the city, the nhl or the prospecitve buyers, its the lack of interest.

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