Sunday, February 28, 2010

Arena location



Above here is a photo of the Stadium area in Seattle. To the left you see Qwest Field and Safeco Field, and on the right you see a red box, which is the location I have chosen here. Driving by this area it looks like a Metro Bus barn, but not certain. A bus barn is a very easy thing to relocate. Yes it is at a perfect spot for freeway access, but that is also prime real-estate. There are also many other locations it could be moved to nearby.

This location would be ideal for a new multi-purpose arena for many reasons. Prime factors would include easy freeway access. You don't need to build any new infrastructural needs to accommodate. You are taking advantage of this luxury. Another is parking. You already have the Qwest Field Parking Garage, as well as the Safeco Field garage. And of course, many places nearby to find a parking spot. The 3rd is a newer option- the Stadium Light Rail station is right next to it. If you live on the south end, you can take the light rail train from Tukwila straight to the game, not pay a penny for parking, and take the train home afterward. Weekdays 2 Sounder trains will leave Tacoma, arriving in Seattle at 5:30pm and 6:00pm.

Development around the new arena would almost be a guarantee. As mentioned in the blog post below, there are many reasons to build the arena. How about creating a large Entertainment Center? Dallas has one called the AT&T Plaza shown here http://www.americanairlinescenter.com/about-aacenter/center_venues.php Can you imagine parking at one of the stadium parking garages or getting off the train and walking thru the Plaza on the way to the game? You can go through numerous restaurants, bowling alleys, ice skating rinks, theaters, etc. It could be a real Seattle destination spot. It could be used year round, with people using during football and baseball season in addition to events at the arena.

Monday, February 22, 2010

New Arena Details and Location

New Arena-

-6th and S. Massachusetts St.
-Right next to the Stadium Link Station
-Build a few restaurants next to it
-Build a smaller parking garage
-Parking garages available at Exhibition Center and Safeco Field garages as well across the tracks
-ESPN Zone Restaurant next door
-Sports Bars in the area
-AMC/Regal Theater in the complex
-NBA, NHL, AFL capability facility
-Have restaurants accessibility from outside stadium and inside
-Build very similar to Pepsi Center (Denver, CO) – which was rated best NBA facility in 2005 by USA Today, and #9 in NHL ratings (http://www.thesportsroadtrip.com/nhlfavorites.html)
-Highway Infrastructure already located here with on and off ramps to I-5 and I-90
-Short cab ride or walk to Pioneer Square

Events-

-41 NBA Regular Season games
-41 NHL Regular Season games
-10 AFL Games
-5 total pre-season games
-3 High School Basketball tournament games
-2 WWE Events
-2 NCAA March Madness Bracket
-5 Disney on Ice
-4 Ringling Bros.
-15 Major Concerts
-15 Mid-level concerts
-15 Conventions/Workshops/Job Fairs etc
Total= 158

Cost: $500 million (Arena, land)

-$150 million from Ballmer Group
-$100 million from NHL ownership group
-$75 million from City of Seattle
-$191,310,000= $6,337,000 Yearly in Facility Fees *30 years
-$118,500,000= $3,950,000 in Yearly Rent Payments ($25,000*158)*30 years
-$3 million annually Naming Rights ($45 million over 15 years)
TOTAL: $679,810,000

With the NBA and NHL groups pledging a total of $250 million up front, $250 million in financing is needed. Here the amounts with a 20 year loan (240 months), at 6%

Monthly Payment: $ 1,791,077.65
Total Payment: $429,858,635.09
Total Interest: $179,858,635.09

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41*18,000*3= $2,214,000 = NBA
41*18,000*3= $2,214,000 = NHL
5*15,000*3= $225,000 = Pre-season games
3*10,000*1= $30,000 = High school games
2*12,000*3= $72,000 = WWE Events
2*18,000*3= $108,000 March Madness
5*10,000*2= $100,000 Disney on Ice
4*8,000*2= $64,000 Ringling Bros.
15*18,000*3= $810,000 Major Concerts
15*12,000*3= $540,000 Mid Level Concerts