NHL Utah honeymoon OVER? (Public funding request revealed)
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- Опубликовано: 8 июн 2024
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Ryan Smith wants control of at least three downtown blocks, unlimited building heights and a whole lot of public money as part of a deal to bring an entertainment district to Salt Lake City.
Those details came from an April 4 application the billionaire pro sports tycoon submitted to the city, kicking off negotiations for creating the new downtown district.
Original reporting: www.sltrib.com/news/2024/05/0...
The city initially denied The Salt Lake Tribune’s open records request for the application, citing business confidentiality, but said Thursday that Smith Entertainment Group (SEG) ultimately waived its claim to withhold the record.
The application is the first part of a process laid out by SB272, the bill Utah lawmakers passed this year to pave the way for putting a billion dollars of public money into the sports district. The legislation allows Salt Lake City to raise its sales tax rate by half a percentage point to create revenue for the project area.
His application to create a new district calls for:
• A new 99-year lease for the block now home to the Delta Center.
• Leasing two blocks east of the Delta Center from Salt Lake County.
• Allowing SEG to keep the money generated by the sales tax increase for 30 years - except for a 1% administrative fee paid to the city and whatever the county and Smith’s group agree to use for renovations to the Salt Palace Convention Center.
• Lifting caps on building heights and allowing arenas, stadiums, heliports, and commercial and off-site parking as permitted uses in certain downtown zones.
• Potentially requiring tax increment financing, a tool that allows developers to tap new property tax revenues created in an area.
• The creation of a public infrastructure district. Such districts are able to issue bonds for things like roads.
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Chapters:
0:00 Is the honeymoon over?
0:48 What the public request says
4:03 Report from Fox 13 Utah
6:31 Reaction from public officials
7:40 What comes next?
8:27 Takeaways
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Seattle just got an NHL team with a 100% privately funded franchise and arena. It can be done.
As did Vegas. It definitely can be done.
If you think the business didn’t pass the buck on to tourists and gamblers then you are ignorant. Lol
Honestly most of the money wouldn’t be going to the area a but the 2 extra blocks they want to expand too. They are spending Billions of their own money. They can make their own arena down south with their own money but they want to revitalize downtown SLC cause right now it’s not great
The rich getter richer. If the billionaire wants something, buy it himself. Leave the taxpayers ALONE!!
I agree to a point. however, every city/owner does this now a days. It's really the ONLY way for a city or state to get awarded a new pro team.
I agree…however It benefits the tax payers with the increase tourism And the money they bring.
do you actually live in SLC? I seriously doubt it.
@@Dnt461
Explain exactly how taxpayers benefit. They don’t.
Companies people work for that give good pay to people to raise their families, help buy a house, have a retirement, and a future are given some type of tax break or incentive from the city where they operate.. Everyone of them! Unless you want live a hellhole where no one has any opportunity, a job, or quality of life by all means keep advocating for your position... Do you have any idea how many people the evil billionaires and rich employee and give opportunity to? Millions more than people like you complaining about rich people. There is every incentive to give some type of package to a company to bring in their business to a community because if they don't guess what happens? They go somewhere else....
This has been studied - subsidizing billionaires NEVER pays off for taxpayers.
except when it does. For evey study you want to try and foist off, there will be a counter to it.
@@ZakhadWOW Its a little more complicated. If its 100 - 200 million, their is a good case to be made. But a billion? Come on, their is no way that's going to pay off other than vanity for the owner, and politicians. I don't think people realize how much a billion dollars is.
@@ZakhadWOW Even if that was correct, who should take the risk in a reasonable world? The billionaire reaping all the direct profits or the tax payers subsidizing the it through all sorts of tax credits, land rights, etc.? I wouldn't be against a profit sharing arrangement, but this sort of corporate welfare is madness.
LA Live has been a pretty good money maker for the city and the million dollar apartments (if you don't count the Chinese ones which had nothing to do with AEG). Turned the old skid row into a money maker.
Yea it only does if it’s minimal. Two sports makes sense at least. NFL stadiums cost 3 billion for 9 games a season
Privatize the profits and socialize the expenses.
A billionaire not wanting to spend his own money?!? Color me shocked!
Dumb people initially blame the owner, because they think rich people should just spend money willy-nilly, blowing out the budget regardless of the pittance in revenue
@@leguy5662 if it's not worth for the billionaire why would it be worth it for the tax payer?
Is this only for himself? No its for everybody in the area.
@@lalakerspro Some a lot more than others/most. A lot, a lot more.
It's all fun and exciting until the Billionaire asks for taxpayer money.
As an SLC native, I just love how well you're covering this. Seriously, thank you.
SLC resident here... the main issue, as I see it, is that there are historical and cultural buildings on the two blocks of downtown that Ryan & Co. want to acquire; Abravanel Hall being the most prominent one (home of the Utah Symphony). I'm all for the NHL in Utah, but nobody mentioned tearing down this concert hall to build whatever's going into the entertainment district. This is a non-starter for most Utahns... Ryan & Co. needs to find a better solution. BTW- the LDS Church (whom Ryan is a member) owns the 1 block parking lot North of the Delta Center. They've said, "absolutely not" with regards to giving up that piece of property.
They’re not tearing it down
Thank you for your insight. I was wondering about that parking lot. As for Abravanel Hall, what a lovely property that brings value to the area. It is a gem. When I lived in the area I never attended any concert but I can appreciate the architecture of it. SLC does appreciate the arts so I hope nothing happens to it.
PS - It is odd that they are willing to make changes to Salt Palace Convention and Abravanel Hall but the private property that was a LDS Church 100 years ago @ 740 300 W is a problem beign torn down. It is a useless building right now. Honestly if they saved some of the exterior bricks and interior finishing and incorporated that material into the lobby of much needed multi-family housing it would be useful and honor the past.
Quebec City has a arena already in place. Should have moved there instead.
"Dave and Busters" made me LOL
The rich get richer, but hey at least there's slightly more underpaying jobs 🤷♂️
One really didn't think billionaire owners would actually foot the bill themselves......... wakey wakey
They did it Privately in Seattle that Liberal bastion always sticking it to tax payers oh wait that's the shitty Republican state.
My girlfriend owns a dog grooming salon in SLC. She was so excited about the Hockey team until I told her about the tax increase. Now she is furious. The cost of living here is outrageous.
It’s been outrageous before the hockey team…
Cost of living anywhere is outrageous anymore... best place is middle of no where... untill that's filled up. but i see nothin wrong with what the group is doing.
NO. IT. IS. NOT. I have lived here in SLC downtown since I returned form the Navy 32 years ago. It is far igher than it used to be, but Utah is *still* far below LA, Chicago, NYC< metro areas as an example. Now if you wanna bitch about something, dont bitch about Ryan - bitch about the insane greed and rapaciousness of property developers.. They have gentrified the f*** out of even the warehouse district. If costs are insane, it is because OF THEM, not Ryan Smith.
@@Dnt461 yeah, that's exactly her point.
If she wants to be mad about something she should complain about big government in Salt Lake City. Does she realize there is an Army of people who all have city vehicles that drive around on garbage days looking in your recycling bin? It has been widely reported that at the end of the day most of it ends up in the landfill and isn't even recycled. Or how about the administration costs that raise the tax amount on everything... Believe me there are many things government does to be upset about but that frustration needs to pointed in the right direction... This type of tax increase which is minor is actually an investment in the Cities community and future. People actually benefit from this...
UNBELIEVABLE! When LHM built the arena niw known as Delta Center, he paid $1 per year on the land lease.
So now that is supposed to continue for another century? These billionaires need to put up their own money for these builds.
Public pays the raised taxes, and sees NOTHING from revenues. I might as well just send the Smiths 10 grand. It will do me just as much good.
Well, not going to be going downtown anytime soon. Everything is incredibly overpriced, including the Jazz, Eccles Theatre (which was mentioned in the news bite), and restaurants charge exorbitant prices for mediocre food.
Any public funding for teams or other for-profit companies needs to go to the public for a referendum
And the taxpayer with NO SAY gets ZERO. DISGRACEFUL. WAKE UP PEOPLE!
My momma always said, "If you can't afford an arena, you can't afford a team."
They said the same thing in Phoenix when they moved the team from Winnipeg
This is going to the ballet, the citizens aren’t going to have it.
Never give taxpayer money to fund arena's or their supporting districts. There have been MULTIPLE studies over the years and they NEVER make the money the city or the developer claim. Further, if they are so great, why doesn't the developer sink all his cash or get his own loans? Reason. They are NOT that great of an investment unless you can get someone else to carry your bill.
You missed a very important part of this story. SEG group just purchased 111 acres of real estate outside of salt lake city for a practice facility. The practice facility should only take 20 acres of that. Sounds like a good place to move both the Jazz and the NHL team if things in Salt Lake start to go bad.
Where?
Don’t move the teams out of downtown or it’s gonna be Real Salt Lake again. Don’t make the stadium car dependent
Yeah, I read that. It's going to be in Sandy at the Shops at South Towne.
@@CooperVillePartyactually Sandy is a perfect location for the thousands of fans who’ll be coming up from Southern Utah County to catch the FrontRunner.
Who needs SLC if the folks who live there don’t want NHL.
In fact the SEG should join forces with the Ashton group and put it up at the Point of the Mountain - Thanksgiving Point. Lehi City will jump at the idea.
@@BarbieHitsBackto his point tho, when the team was moved from downtown to Glendale in AZ that’s pretty much where it all started going downhill. Takes 1-2 bad seasons and people no longer justify the commute. It’s a very valid point to not move it away from DT.
As an Salt Lake resident, I'm worried most about the historic Japantown. I'd like to see a revitalization of that history and community as part of this project.
So Glad I found this channel! Great NHL news outlet
He can ask for whatever he wants, they dont have to say yes to everything
Same issues with Muerelo Group in AZ: not a hockey arena but an entertainment district. The only difference is SLC and the SEG have public tailwinds. In AZ it was a lot of headwinds. As a competitive wheelchair endurance athlete, who raced in the SLC marathon multiple times, uhm….I can tell you headwinds are a lot of work. I’m a bit “bitter” about losing a NHL team in AZ but I’ll probably continue my investment with the Coyotes now in UT. But, this whole fiasco has so many lessons on the importance of good leadership, politics and business etc. If Craig Morgan writes a book on this, he has so much material to draw from. Until then, Go Bruins (birthplace team).
Well as a former Vegas native I knew all kinds of stories about Muerelo and his antics here running the SLS. That was the Coyotes biggest problem over the past few years. But the idea of taxpayer funded arena's is a joke....
This cursed franchise is already making enemies in its new home. At least AZ had a longer honeymoon period.
IT APPEARS THAT THE HONEYMOON may be OVER ,
before the happy couple has even left the church ..
Lmfao I promise you we are not mad about having an NHL team In our state💀💀
Wouldn’t polygamy mean more people than just a couple? 🤷🏻
7:40 Is nobody else going to point out how cool of a name "Rusty Cannon" is??
The entertainment district proposal is similar to the old Reedy Creek Improvement District that the Florida Legislature gave Disney back in the 60’s.
They should put a baseball stadium on top of the basketball/hockey stadium.
Elevation is probably too high for MLB
@@dannythunder3180 it's lower than Denver, it can be done.
Then they could play on glass and have seats underneath, good call
What people need understand, there are 2 baseball stadiums to be built. The one in Daybreak is for the triple A Salt Lake Bees and the one in the power district in Salt Lake is for MLB. It is kind of confusing. I wonder if the Bee's will still be called the Salt Lake Bees when they leave Smith ballpark in Salt Lake.
@@Club420it's lower than Denver, but still higher than Phoenix and there are issues with the elevation there
Thanks!
you are amazing, thank you.
@@brodiebrazil i appreciate the details with a little bias as possible with these type of “issues” thanks again for your research & insight. Tax payers need to know more about this kind of thing ✌🏻
A heliport is a ludicrous stipulation. The airport is 5 miles from downtown. Also Brodie, it was announced, the Utah Grizzlies of the ECHL are staying put, so that will make for interesting scuttlebutt. So cross off Grizzlies as an NHL team name.
I dont know why they wouldn't move to Tucson since the Roadrunners are leaving Tucson to return to Phoenix (Tempe).
My specialty is urban planning. They're requesting a special use district which is VERY common with a project like this. It will need a traffic study, parking will be needed. The city will make it what is needed around the arena. Large parts of downtown is already likely a special district. This arena will be used for 162 dates a year between two teams plus concerts and other events. Nothing shocking it's just the beginning. This is actually good arenas are trying to fit into the city not a Ford field in Detroit when the 🦁 aren't playing is completely vacant all but 8 days out of the year. It's trying to bring people to the area even on off days. Actually good city planning but there's more work to be done.
Only 41 home dates for NHL hockey, not sure about JAZZ, but believe it is also around 40 dates. The rest are road games.
@@jimmcdiarmid7308 you are right 82
Hey Salt Lake residents, heres your new team, now pay up !
I'd move.
I live in Utah and want this, but I knew this was going to happen. As long as our leaders deny the public donation
The height allowance will not be lifted. Delta Center is about 3 blocks away from Temple Square.
$900mil?
And they get to keep the $$$ generated from the new sales tax for the first 30 years?
'Fleecing' doesn't even begin to describe this.
Take this as a grain of salt if Gordon Monson of the Tribune wrote it.
Exactly right! Gordon Monson always has an agenda.
what was that reporters name again?... she said it sooo fast.
Even though the league paid for a billion dollars of the sale price? He didn't even use his own money to buy the team! The league is such a joke. 😂
The Salt Lake Tribune has always been a pessimistic news outlet that expects things to just magically get better without anyone stepping forward to do what’s necessary. SEG just said in their city meeting today they plan to invest $3B of their own money into this project. I know you don’t have time to watch a 2 hour city meeting but it seems liked SEG had the support of the city council, mayors, and community to make this happen.
First, 99 year lease? Second, needing a district around the arena= maximize collecting off this team, no one else should
It would be interesting to see how much money the SEG donates to the campaigns (and the interests) of the politicians involved in making the final call. The ironic part is the Delta Center will be "retrofitted" but the rest of the "entertainment district" will be brand new - with funding from tax payers (with proposal beyond the current agreement). He can see the $$$ signs of the cookie-cutter entertainment district concept and will smooth-talk his way to it. Yikes.
LOL at this "district" BS argument. Its 2024; the downtown areas of major cities are already a "district". Non-starter.
Correct. NY City has the Garment District, the Meat Packing District, the Financial District and so on. I think this happened organically without taxpayer funds. These businesses financed their own establishments. I don't think the City of New York is giving any one of these business owners total control of a District and paying them $54 million dollars a year for 30 plus years. Why would any State,City or municipality do this moronic deal. It sounds like another State of Florida vs Disney waiting to happen.
@@QuintenRogers-nf6fb right? Especially NY. And Chicago. and Boston. And a big majority of the league in their respectful cities. They need "districts" to entice fans to go about as much as they need a team accordion player. ONLY thing Phoenix needed to work was a downtown arena built for NHL hockey. THATS IT. NOTHING more. Downtown Phoenix is already a "district".
Sports salaries are getting so high, and the team can only increase ticket prices so much. Of course a new sports district will funnel cash into the owners pocket. If you are paying $1.2 Billion for the team, you need to increase revenue somehow. Here in Calgary the city and province are putting taxpayer money up for the new arena and district. I doubt you will ever see an arena, ballpark, stadium etc. built without a 'district' coming along as well. It's just business these days.
In 20 years all you will have is a sports team and one family getting super rich. Pass
No public money for billionaires.
Someone really named or is calling themselves "Rusty Cannon" 😆
There's a guy at one of our SL radio stations that calls himself Rusty Keys. I don't know if it's his real name or not.
BTW, if SLC says no, Smith just bought 110 acres in Sandy (a city south of Salt Lake) and will move both teams out of down town. The acreage will be used initially as the training location for the hockey team. Sandy is more than delighted to accommodate the Smiths.
So make a new arena catered for Hockey instead of shooting up the Delta Center with botox and an overpriced entertainment district? That sounds like the better choice and great for players and staff to have everything in one place.
GOOD! Move to Sandy
@@wilhelmina6429 so 90th through Point of The Mountain can become an even bigger traffic nightmare.
@@concertvids34 no, this is in addition to the Delta Center. There will be no hockey arena there unless SLC says no.
@@wilhelmina6429 I agree with this. Moving both teams to Sandy is much more convenient. Downtown is a shite show.
This is no better than what they left in AZ. I knew this would happen.
It looks like the gist is for the taxpayers to basically fund the entire thing, whereby the Smith group and the developers he works with get paid with tax dollars, while the city or county keeps a very small percentage.
This is basically public extortion, it appears, and the public gets nothing other than a sports team in return. I suppose itll help a few business owners who lease in the entertainment complex adjoining the arena, but other than that the typical citizen only gets a sports team for which they then have to pay exorbitant prices to attend, which was financed by the taxpayers to begin with.
Looks like Utah reaidents are getting taken to the cleaners by the Smith group.
I agree......once you hear the sales pitch, they all sounds great. But the truth is what your wrote.
Sharks fan in Utah. Its going to be awesome. Hockey will do well here.
'No' is a complete sentence.
You missed a crucial takeaway: people in Utah have awesome names! The reporter at 6:20 and then RUSTY CANNON at 7:40
I guess its better then sending tax dollars over sees
How much money does the SLC city council send overseas?
@@grenadespoon Tax dollars
@@grenadespoonapparently not enough for education….
Who knew? Part of Buttman's plan...
I guess funding stadiums is the new frontier of "trickle down economics." We all know how much that works lol
The Coyotes had an entertainment center, called Westgate outside what was then called Gila River Arena in Glendale, Arizona, too (granted, it's next to State Farm Stadium where the Cardinals play). So, it's apparent the hockey franchise wants another entertainment district.
It's the thing every owner wants to do now especially with gambling. Make a district around your arena and control the development and make a butt ton of money. Leveraging the arena is smart, Carolina's owner is doing this and I'm sure several others.
Different owner, only thing that’s the same is the players and front office (gm, scouts and hockey personnel)
He's literally shooting himself in the foot with all these proposals
Gotta love when they say the Rich worked hard for their money and they invest so much.... Of tax payer money into their business. Good job Utah and the Republicans there gotta do it all for that Corporations.
OMG, this is outrageous for taxpayers. Well....pay the piper folks!!!!!! Looks like Ryan really could not fund his dream, (Tycoon? I don't think so) and wants Utah taxpayers to pay more!! It's gonna raise taxes...looking like New York State. Euphoria is turning into a nightmare for taxpayers.
Man, why does this sound so familiar? *cough*HowardTerminal*cough*
It seems to come down to, if your sports team enough of a cash cow that you can pay for your own stadium (ie Sofi) or do you have to have public funds to make your team viable to be in your city?
Brodie Brazil: City Zoning Code Reporter!
Remember how people just 4 weeks ago were saying there was no coyotes fans that drove them away. Now Ryan Smith is asking the taxpayer to cough up $1.6B, guess we’ll see how cozy those fans are once they have to start paying and subsidizing a billionaire just to have a team
Don’t forget SEG will ask the state/city for more money every 5 years for “renovations and improvements” have fun with an ever increasing tax burden Utah
What is going be team named?
So a billionaire got a hockey team.Now he wants the taxpayers to pay for it and he keep control of everything and the money.I love hockey even played some pro.But why should the poor pay for a rich man's game.
Not shocked by this. This is all moving very fast, no way they have the cash flow to do everything they believe they need to do. Also, not looking for the team to make a big splash in free agency, but probably a bit of trading of picks and expiring contracts next month.
I don't think it has anything to do with how much money Ryan Smith has. He has enough funds, but why would he want to use his own money when he knows he can probably get taxpayers to pay for it? Dude got rich for a reason, he is good at holding onto his money.
This will get done quickly..and it won't take 28+yrs to not happen.
I’m not so sure about that, now that the details are dripping out.
If it doesn't SEG has basically all the leverage. Another city in Utah (Lehi) has already had talks with SEG about funding an arena/ "district" in Thanksgiving Point. It will always be a Utah team but if SLC doesn't pass this then the team will happily move to Utah County.
I wouldnt fret much. So.ehow, someway, Smith will have money "appear". All i will say is that there's a certain organization who i know will make it happen.
I'm from Utah. Yes, there is a building height limit to Salt Lake City. One of the issues is "they" are considering tearing down Abravanel Hall, where the Utah Symphony plays. That is a beautiful venue and, to me, if that building is touched, I am a hard no. Additionally, I would lead protests against the team and not spend $1 to anything SEG owns.
Can I place a bet on that Dave and Busters in the news story won't be having "social gambling".
That would be a pretty safe bet, considering all forms of gambling in the state of Utah are illegal. I believe, technically, even if an office had a football pool, if someone wanted to be a jerk and tell the police about it, they would have to shut it down. We have a nonprofit organization and we can't even sell raffle tickets for things. We have to sell popcorn or some thing and then give you a free ticket. It is really stupid. People complain about taxes but then Utah throws all that potential tax money away to Idaho, Wyoming, and Nevada because God forbid we have any gambling here.
Brodie- enjoy your repertoire…
All of a sudden Alex Meruelo doesn't seem so unreasonable lol
Opinion on public funding and the "stadium district" concept notwithstanding, I'd say if this does get approved, there should still be a building height limit -- maybe taller than is currently allowed, but no more than 150 feet/12 stories. If a building really needs to be taller than that, then ask the city for an exemption.
Rusty Cannon, what a name
The state legislature approved $900 million for a new arena. Other owners would give their souls to get that amount of help. Hopefully they break ground for the new arena in the fall.
Well if SLC doesnt do it then both teams will move to the new 110 acres at Sandy SouthTown Mall he just bought and downtown is gonna suffer for it. its not a great trade but SLC Downtown needs more then just Temple Square and city creek mall to get people there and this will get people there. Itll revitalize downtown. I do think its dumb SLC has to pay for this when its a Utah thing. Maybe the whole county or several counties get the taxes and A portion of the income will go back to the city.
Will he lose the $900 million if the team leaves downtown SLC?
@@curtis1997 Yeah he would, But Then he could do whatever he wanted with the land he has. Honestly its not as smart of a business decision to put it in Downtown SLC. In my Opionion its more beneficial for SLC then him. But its more to revitalize downtown and keep it better managed. I think there should be trade offs for sure. He shouldn't get everything he wants but they probs some put stuff in there they are willing to take out in negotiations.
What happened to Brodie Brazil and the Oakland A's? Did I miss something?
Just run the hockey team...why all the extra
If the public wants to be involved in the NHL's and teams multiple insurance scams and contract washing history then buy in. The public should no be asked to fund merchandise sales while clothing, food and housing remains essential and expendable cash is becoming more rare.
I think the biggest negative, is the group getting to collect the sales tax, I don’t mind money to help develop but after that now increase in sales tax needs to go back, the return on investment part.
Lindsay Aerts at KSL was all over this from the beginning, and she was featured on Hans and Scotty G's show on KSL Sports, who have been admirably even handed on the topic. The plot all along was for the state to merely craft a bond district (thus the word "authorize") for the city, and that by appearances (my words, not hers) the Republican State and SL County would stick the Democratic city of Salt Lake with the bill by having them write and carry a billion plus worth of debt for both Delta Center and the mythical Mashed Potatoes MLB team when it arrives...Salt Lake City's population is a couple of pennies over 200,000. The county has a million two. And leave out Davis, Weber, and Utah counties (from whom the vaunted 2.3 million metro pop comes) - all of which benefit from this. Denver has a metrowide sales tax for sports, science, and cultural facilities. Seven counties. Everybody pays. Apparently this isn't the plan in "fair and balanced" Utah...By the way, Salt Lake has always had a squat downtown skyline due to the height ordinance that protects the view of the Temple. That ain't likely going away, any more than DC's will...
I’d be more than willing to pay a little more taxes if they extended the tax to Utah County.
Utah is a GOP stronghold. Ryan will get what he wants without resistance.
For sure. Not only that, they're Mormon, so even more crooked.
Where the yotes go the red tape follows
How about No. No, you don’t get to have unlimited, unregulated reign to do whatever you want. And you don’t get to take the tax revenue from the Delta Center and everything else around it. Just no.
Sounds like an amazing opportunity for downtown Salt Lake City. Adding in high-rise hotels, office buildings, residential buildings, retail. A very large injection into the area, similar to what other cities like Edmonton saw when they developed Rogers Centre and the Ice District.
Could you please give me the name of your supplier of what you're smoking?
Sounds similar to Westgate here in Glendale AZ. There was nothing wrong with it...
The curse of the Arizona Coyotes lives on; there are always, "strings attached."
Lol this is no different than other cities
its the League. Worst run league in the world. They can screw up a cup of black coffee.
It's how Bettman and his lawyers friends make deals. New owners and new franchises are rarely based on the owner wanting to own a sports team. It's based on a house of cards of real estate and and arena deals. The current owners love get the franchise money, but end up subsidizing poorly financed teams in the future,.
@@jimclarence5441 I was there when we welcomed this team to Utah. This isn't another Arizona, we will treat this team well.
The Desert Dogs 2: Electric Boogaloo
look at the numbers Salt lake city is only 200,000 peeps, the county is 1.2m and the metro and 2.7m in the entire region, this will be interesting
Hello Utah... greetings from Glendale Arizona 😂! They are your problem now. 🤣🤣🤣.
There's nothing wrong with Westgate and the Utah group seems to want their own Westgate lol. The curse of the Jets/Yotes lives on lol
So much for moving to a market with no arena hassle, bring back the desert dogs!!!!
Disgusting. Sell the team!
IMO Utah has Smith by the nuts. He's already heavily invested in SLC owning the Jazz, the NHL team, and the Delta Center. I'd tell him you got your $900M to do major renos to the stadium you own. Here's how much more you'll get from taxpayers (city, county, state): $0.00. You'll continue to sell out all Jazz games and also NHL games for years. If you want to build more "stuff" in the surrounding area, by all means do it - but without tax increases or other forms of taxpayer assistance.
SEG now owns the Southtown Mall where the practice facility will be located. They actually have the city and state by the nuts. If they don’t do this they will move both franchises to Sandy and build the sports/entertainment complex there and revitalize that whole area. It’s the other way around, they need this more than SEG needs them.
@@jeffmansell898 Nope. If Smith wants to build anywhere in Utah, he has to be granted rezoning and permitting approvals to do it. Guess who's in charge of that? Bottom line: If the politicians aren't on board, the project does not get off the ground, with or without taxpayer money.
I can’t wait! This would help downtown so much. If they don’t want it. Hope Ryan can just bring them to the old prison site
Great idea!
So much room at Silicon Slopes and lots of space at Thanksgiving Point too. Utah County will take them any day of the week.
Gary Bettman's used momorails
Not only does he want the Salt Palace, but also the beloved Abravenel Hall. I was excited about hockey in Utah. If Abravenel Hall is torn down, I will never set foot in any arena that is built in its place.
They’re keeping Abravenel hall. They said they’re committed to it earlier today.
Of course
It's interesting how the new hockey team will be competing with the Utah Jazz for the same fans. I wonder if they would have been better off bringing in baseball or a franchise that wouldn't be competing for the same fans?
Just like Las Vegas, more than two teams in a metro of less than three million does not offer fabtastic support. Just look at Cleveland and Pittsburgh.
@willp.8120 Pittsburgh and Cleveland don't compete for the same fans. Pittsburgh has the NHL and Cleveland has the NBA. This would be an NBA and an NHL team competing at basically the same time for the same fans in the same city.
1:11 he is pro sports tycoon ?
If they can’t borrow the money, then raise capital by selling ownership shares in the development, but aww, then he’d make less money, so he’s begging for public funds.