An NBA arena isn't a bad thing imo. 41 home games plus it'll become a new concert venue, maybe you can get a struggling NHL franchise, an indoor arena football, or a local D1 college team to move and play there.. unlike a new NFL stadium, which costs on average a billion dollars for only 8 home games and its too big for concerts unless you got U2 performing.that nba arena scam is such bullshytno city in america should invest in one...
Its not a money pit when the arena is in use at least 50% percent of the year. Any building is a gamble but you hope it starts a chain reaction. Staples Center changed the entire face of downtown Los Angeles which was the armpit of the city, now its a huge huge destination. Not just Staples but LA Live and the entire 10 mile radius. The old adage is: if you build it they will come. A new arena, and hopefully a better product on the court- could cause new restaurants, bars, clubs, shopping/retail, condos, etc to pop up. Now locals have something to feel good about and a new destination.. which means they're spending money. Of course they'll have to do renovations and keep the building updated. That's a given. Staples is the model of what could happen. It does help that they have 4 teams playing in the building..Sacramento wants to do the same thing with their downtown area with a new arena. they're studying the staples blueprint.
Bucks to Bolivia?Bucks to Saudi Arabia?
How long ago was that? Before or after davidson passed?
Not every arena can be Staples or have the usefulness Staples has. Staples, MSG and soon enough if not already Barclays can use that shyt 24/7 365. Stadiums are all politics and they use the sentimental value of a sports team to rob tenants blind. Most fall for it, others don't. It just happens to be easier to use that trump card in a place that can be relocated easily (ex. The Jets weren't and didn't leave NY because they didn't get the West Side Arena they wanted-- a team like the Vikings, yeah it was either build it or else)
my whole point is that even though a new arena still runs up into the 100's or millions you can still get more value out of it than a new football stadium which only has 8 games a year and is more about tailgating which doesn't really sprout up new bars, restaurants, condos, etc. around it. And hell LA is used as leverage for NFL teams that want new stadiums built in their existing teams. we're fully aware of this concept. many think the league is purposely keeping a team out of LA because there's more money to be made when cities pony up for these new billion dollar stadiums paid for by the citizens. of course every city won't be a Staples or MSG but hell you still can get more off an nice new arena than a football stadium. Fresno State built the Save Mart Center(16,000) a few years ago and even though FSU basketball is mediocre they use that arena for everything.
they all get used in the same manner. Like I said, it's politics. They want an arena to redevelop areas that quite frankly don't need to be redeveloped. I remember the Knicks wanted a new arena across the street and the Jets wanted a West Side stadium (this was when the Yankees, Nets and Mets were getting greenlit for their venues) and they were bidding for the Olympics. You had Bloomberg down for it, not because Giants Stadium was ass or because MSG was old or because the Jets wanted their own venue. He wanted it to redevelop a swanky as fukk area in midtown Manhattan. No new Yorker bought that lie and now, the only way you can build a venue out here is if you fit the bill. I wish other cities had that ability to
such proposals, but they don't.
