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Current Stadium & Arena Deals NHL Stadiums & Arenas (1990-Present) Current Naming Rights Deals |
Summary of Current National Hockey League Arena Deals (from conception to completion)
Updated September 11, 2003
Figures compiled by Shawn McCarthy, League of Fans.
League of Fans
Sources: FieldOfSchemes.com, National Sports Law Institute of Marquette University Law School's "Sports Facility Reports", Cato Institute, ballparks.com, Federal Reserve Bank of Kansas City and wire and newspaper reports published on or before September 11, 2003.
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Stage of Progress for Current NHL Arena Deals (from conception to completion)
Stage #1 = Announcements, Rumors & Threats with no Proposal on the Table:
Stage #2 = Proposal on the Table, Subject to Vote, Approval, or Financing:
Stage #3 = Proposal Approved, Advanced Planning Underway, Financing Secured:
Stage #4 = Arena Under Construction:
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(listed alphabetically by franchise) -----
Detroit Red Wings
Status (Stage #1):
Talk is beginning to surface for a new arena for the Red Wings. Detroit Mayor Kwame Kilpatrick would like to expand Cobo Hall, Detroit's Convention Center, to continue to attract more and bigger conventions. One of the options for the expansion is to tear down neighboring Joe Louis Arena and build a new arena elsewhere when the Red Wings' lease expires in 2008.
No formal plans are on the table. -----
New Jersey Devils
New Arena Estimated Cost (from latest proposal):
City, County, State Public Subsidy:
Status (Stage #1): New Jersey Governor James McGreevey annonced on August 26 that there will be no new state subsidies for current or future owners of the Devils and Nets (NBA). In the face of a $5 billion state budget deficit, the owners of the two teams and their potential buyers, have been actively seeking public subsidies for a new arena in downtown Newark and have threatened to move across the Hudson River to New York City if New Jersey refuses to pay for most of the cost.
Various proposals are also circulating regarding the possible renovation of Continental Airlines Arena. -----
New York Islanders
Status (Stage #1):
In June, 2000, ownership changed for the fourth time in five years. The current owners wasted no time in announcing their plans to improve fan amenities within Nassau Coliseum while beginning discussions concerning the need for a new arena.
While they eventually want a new arena, the Islanders' owners are not pressing for one immediately because of Nassau County's fiscal troubles. New York Newsday reported that there has been more optimistic talk surrounding the possibility of a new arena especially with co-owner Charles Wang's political connections to Governor George Pataki and former Senator Alfonse D'Amato who are interested in working toward a solution. There are no proposals on the table. -----
New York Rangers
Status (Stage #1):
Madison Square Garden officials hired NBBJ Sports to begin planning a new arena for the Rangers and the NBA's Knicks. The Garden is the busiest sports arena in the country and underwent a $200 million renovation in 1992.
In March, 2000, Cablevision, which owns the Rangers and Knicks, said it plans to demolish Madison Square Garden and build a new arena on the same site or over the nearby rail yards on the West Side of Manhattan. Cablevision said that it needs a new fan-friendly arena that would enable the company to generate more revenue. A new arena on the West Side could be tied to a proposal to bring the 2012 Olympics to New York City, and the NFL's Jets to a new retractable-roof stadium. There are no formal proposals on the table. -----
Phoenix Coyotes
New Arena Estimated Cost:
City (Glendale), Public Subsidy:
Status (Stage #4):
The Arizona Republic reported that construction began for a new arena on April 3, 2002. Scheduled for completion by December 2003, it will replace the current home of the Coyotes, the America West Arena (built in 1992), where the NBA's Suns will continue to play. The Coyotes ownership claimed that America West Arena was outdated for hockey and they couldn't afford to share revenue with the Suns.
The City of Glendale is paying $180 million in taxpayer-subsidies toward the arena. Under a development agreement with the city, Ellman must provide at least 800,000 square feet of commercial development in the surrounding area within six months of the arena opening and 1.6 million square feet within 6 1/2 years of completion. Ellman also agreed to pick up cost overruns to the arena and repay the city if the commercial property fails to generate enough money to repay the city. -----
Pittsburgh Penguins
Status (Stage #1):
The Pittsburgh Post Gazette reported in August, 2002 on a new proposal from the city-county Sports & Exhibition Authority for a new $270 million arena that would be paid for with $108 million from the sale of naming rights, ticket surcharges and other "private" funds, $90 million from the state, $53 million from Allegheny County's 1 percent sales tax, and the remainder from federal and other sources. This plan calls for the new arena to be ready for play by fall 2006. "Pittsburgh Penguins superstar Mario Lemieux, hailed as a hero when he bought the team out of bankruptcy in 1999 and kept it in town, now says he feels 'betrayed' by the lack of public funding for a new arena. 'This franchise is a free agent in 2007. I hope they understand that,' Lemieux told the Associated Press, in the time-honored tradition of the veiled move threat. Both the city of Pittsburgh and Allegheny County say there's no money in their budgets for a new hockey arena." - from FieldOfSchemes.com (6/5/03)
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