New Arena Details and Location

New Arena-

-6^th 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