Evil Doctor Posted January 1, 2014 Share Posted January 1, 2014 I still maintain that Glendale will default before five years are up. They're bleeding like Ric Flair here.You should have used this to illustrate your point... Well someone is going to default. I don't see how IceAz is going to be paying back Fortress and the NHL with the meager revenues they are receiving... Quote Link to comment Share on other sites More sharing options...
teddthebucfan Posted January 1, 2014 Share Posted January 1, 2014 The link does not work.Here's a working link. Quote Shameless Self Promotion! Link to comment Share on other sites More sharing options...
CubsFanBudMan Posted January 11, 2014 Share Posted January 11, 2014 Panthers are asking for $70 million from Broward County at best "just because" and at worst "in order to field a contender." Saw it on Deadspin.(When I entered the NHL season thread I landed in September, so forgive me if it was already discussed there.)Besides, this move seems Glendale-inspired. Quote Link to comment Share on other sites More sharing options...
The_Admiral Posted January 11, 2014 Author Share Posted January 11, 2014 Oh, Panthers. Panthers, Panthers, Panthers. http://www.sun-sentinel.com/news/broward/fl-panthers-request-public-money-20140109,0,1551120,full.story The Florida Panthers professional hockey team says it's losing more than $20 million a year and needs more public funds to survive. The struggling team is asking for a rewrite of its contract with Broward County. Under the team's proposal, the county would use additional tourism taxes to pick up $70 million in BB&T Center costs currently being paid by the Panthers. The team also hopes to develop 22 acres north of the BB&T arena in Sunrise into a casino-hotel, if the state Legislature enacts laws that allow it this spring. Panthers President Michael Yormark said the deal that birthed the arena in the late 1990s has proven unsustainable. "I think the community wants a healthy arena,'' Yormark said. "They want a healthy sports team. They want the benefit that a professional sports team and world-class entertainment brings to their community.''Oh, come on. The Broward County "community" just wants to get a nice dinner at 4:30 and want for maybe their children to CALL ONCE IN A WHILE if it wouldn't be SO MUCH trouble for them just to maybe say CALL AND SAY HELLO and maybe even VISIT US if it wouldn't be asking SO MUCH OF THEM to come here and remember we DIDN'T DIE YET but that's fiiiiine forget we ever said anything we'll just sit by our phones in the dark and WAIT TO DIE ALREADY (and attend Florida Panthers hockey games, apparently). Yormark said he's seeking the changes immediately, hoping to better compete as an entertainment venue with the Seminole Hard Rock Casino and American Airlines Arena. The Panthers organization runs Broward's arena in Sunrise, bringing in more money from concerts and other events than from its hockey games, county records show. Financial records show the Panthers make a profit from arena operations. It's the Panthers team that's losing money, Yormark said. "This organization has lost between $20 [million] and $30 million on an annual basis,'' Yormark said, "and those dollars have been funded by our owners.''Well, who else should fund them? You run the arena, numbnuts. The deal hinges on the approval of the nine-member Broward County Commission. County officials said they didn't want to rush to a vote. They'll vet the proposal at a workshop in the near future.well we've seen how THIS turns out The changes have "very significant implications,'' County Administrator Bertha Henry said, and would require a rewrite of the existing contract. County Auditor Evan Lukic said he has just begun reviewing the proposal, but warned that his initial analysis left him wondering if the county would benefit. Yormark said the 2 percent tourism bed tax created to cover the county's costs for the arena has generated millions more than expected, and it's that pot of money he's eyeing. The tax is levied on overnight visitors staying in Broward hotels. The $185 million arena, which opened in 1998, was built with public financing for then-Panthers owner H. Wayne Huizenga. Broward leaders were sold on the controversial arena deal with promises that profits would return to the taxpayers. That has so far happened only once. The current arrangement has the county paying $8 million a year toward the debt for arena construction. Another $2 million comes from state funds, and the Panthers pay $4.5 million. The Panthers organization also pays for maintaining and insuring the facility.Okay so here's where I'm having trouble. The county paid to build the arena and has to service most of that debt. The Panthers pay for some of it and also maintenance and insurance. In exchange for this, which should still come out to less than the $10 million coming from taxpayers, they get to run the building and make money on all the events. So how exactly is this unsustainable for THE PANTHERS? If anything, it should be unsustainable for everyone else. Under the proposed change, for the 14-year balance of the current contract: •The Panthers would shed the $4.5 million annual payment; it would be picked up by the county.WELL •The county would contribute $500,000 a year toward maintenance, and would pay any of the property insurance tab that exceeds $1 million. •The Panthers would swap the land it has rights to build on, 12 acres south of the arena, in favor of 22 acres on the arena's north side, where the Panthers hope a casino-hotel or some other development could be built and brought onto the tax rolls. •The Panthers would immediately repay $10.6 million in loans the county granted them in recent years. •The Panthers would continue contributing $500,000 a year to the Convention and Visitors Bureau. •The Panthers would commit to investing in hockey team payroll "at a level competitive with the rest of the National Hockey League.''So if you do the napkin math, yeah, they pay $10.6MM up front, but they stop paying $4.5 a year, which means it pays for itself pretty fast. They also get to trade 12 acres for 22 acres. Unless the 10 extra acres are swampland, that's not really what I'd call a trade. Of course, neither was Michael Frolik for Jack Skille, wocka-wocka. It goes on like this but it just keeps making me mad. So damn tired of hearing "tut-tut, the team is just a loss leader for the sweet arena management contract" when apparently it's still not sweet enough for them and they have to go ask the government for even more free money. I hate the way this great nation is heading to socialism. Quote ♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫ Link to comment Share on other sites More sharing options...
Kramerica Industries Posted January 11, 2014 Share Posted January 11, 2014 Oh, come on. The Broward County "community" just wants to get a nice dinner at 4:30 and want for maybe their children to CALL ONCE IN A WHILE if it wouldn't be SO MUCH trouble for them just to maybe say CALL AND SAY HELLO and maybe even VISIT US if it wouldn't be asking SO MUCH OF THEM to come here and remember we DIDN'T DIE YET but that's fiiiiine forget we ever said anything we'll just sit by our phones in the dark and WAIT TO DIE ALREADY (and attend Florida Panthers hockey games, apparently).So you're basically saying that the Broward County community is Del Boca Vista. Cool. At least that gives me a better idea of how things work down there. Quote Link to comment Share on other sites More sharing options...
dbadefense1990 Posted January 11, 2014 Share Posted January 11, 2014 Panthers are asking for $70 million from Broward County at best "just because" and at worst "in order to field a contender." Saw it on Deadspin.Are they trying to one-up the Marlins and be the most despised team in South Florida? Or is Jeffrey Loria a minority owner for the Miami National Hockey League Team of Broward County? Quote Link to comment Share on other sites More sharing options...
Still MIGHTY Posted January 11, 2014 Share Posted January 11, 2014 Oh this is going to turn out well.... 1 Quote | ANA | LAA | LAR | LAL | ASU | CSULB | USMNT | USWNT | LAFC | OCSC | MAN UTD | Link to comment Share on other sites More sharing options...
CS85 Posted January 11, 2014 Share Posted January 11, 2014 What's to say that hasn't already been said? What is the point? The Florida Panthers are a stupid franchise that shouldn't be, as are the 'Yotes. Just wash your hands, NHL.edit: Also admiral, might need to update the thread title to give it that citrus-y, Panther-like flavor. Quote Quote "You are nothing more than a small cancer on this message board. You are not entertaining, you are a complete joke." twitter Link to comment Share on other sites More sharing options...
JayMac Posted January 11, 2014 Share Posted January 11, 2014 Start up the moving vans! Some franchise may actually be heading up north! Oh who am I kidding...The Panthers will be in South Florida for another 20+ years! Quote Link to comment Share on other sites More sharing options...
Cosmic Posted January 11, 2014 Share Posted January 11, 2014 So you bought the Florida Panthers?-Right.For hundreds of millions of dollars?-Right.And now, less than four months later, you have decided that the team is unsustainable without massive government subsidy?-Yepper. Quote Link to comment Share on other sites More sharing options...
Evil G Posted January 11, 2014 Share Posted January 11, 2014 So, Panthers to Quebec? Quote Bruh check out my last.fm And my Rate Your Music Fantasy Teams: Seattle Spacemen (CFA) Signature credit to Silent Wind of Doom Link to comment Share on other sites More sharing options...
Sodboy13 Posted January 11, 2014 Share Posted January 11, 2014 Nope. They're staying where they are until that lease is up in 2028. They're making millions, and face a huge penalty for breaking the lease. Quote On 1/25/2013 at 1:53 PM, 'Atom said: For all the bird de lis haters I think the bird de lis isnt supposed to be a pelican and a fleur de lis I think its just a fleur de lis with a pelicans head. Thats what it looks like to me. Also the flair around the tip of the beak is just flair that fleur de lis have sometimes source I am from NOLA. PotD: 10/19/07, 08/25/08, 07/22/10, 08/13/10, 04/15/11, 05/19/11, 01/02/12, and 01/05/12. Link to comment Share on other sites More sharing options...
C's Posted January 11, 2014 Share Posted January 11, 2014 Can I just say that this is by far the best thread on the site?Half of me wants these franchises either contracted or relocated north for the health of the league, the other half of me wants them to stay put forever and maybe have Gary Bettman bring Atlanta back in the fold as well as New Orleans and Alberquerque, just because the boneheadedness of the people calling the shots and the running commentary on here and the rest of the internet is so god damn entertaining. Quote Link to comment Share on other sites More sharing options...
The_Admiral Posted January 11, 2014 Author Share Posted January 11, 2014 But with the whole "Panthers can't move" thing, here's where this must be a legendary Talking Heads live album, because it stops making sense: if they're losing so much money on the hockey side that they're having to hit up the county for money, why can't they negotiate with the county and say that they'll just forget the whole hockey thing and focus on other events, which they do better than the hockey, which makes more money for the county, and then we'll sell the hockey team for an absurd amount, which makes more money for the owner? Who there is still so married to the concept of a hockey team spitting distance from the Everglades, really, if it's been proven that it can't exist without huge government subsidies? especially when it appears that you can indeed have a successful arena without a Big Four anchor tenant, as seen in Kansas City? Quote ♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫ Link to comment Share on other sites More sharing options...
The_Admiral Posted January 13, 2014 Author Share Posted January 13, 2014 •The Panthers would commit to investing in hockey team payroll "at a level competitive with the rest of the National Hockey League.''Looks like the Panthers got a call on the red phone! Tallon just said the Panthers are going to spend to the cap next year. "Nope, nope, we'll spend money no matter what!" Threatening to suppress payroll was too much even for Count Bettman to abide, evidently. Quote ♫ oh yeah, board goes on, long after the thrill of postin' is gone ♫ Link to comment Share on other sites More sharing options...
CubsFanBudMan Posted January 14, 2014 Share Posted January 14, 2014 So it seems. In these situations my mind always drifts to Eddie Robinson. Spend wisely, Panthers. Quote Link to comment Share on other sites More sharing options...
Still MIGHTY Posted January 24, 2014 Share Posted January 24, 2014 They just aren't even trying anymore..."We are excited to bring these great Canadian rock bands to the Valley to perform for all of our Coyotes fans and the many Canadians that will be in town that week for our games against Vancouver and Montreal," said LeBlanc. "We hope that fans will take advantage of this great opportunity to come and watch two great hockey games and three fantastic classic Canadian rock bands." Quote | ANA | LAA | LAR | LAL | ASU | CSULB | USMNT | USWNT | LAFC | OCSC | MAN UTD | Link to comment Share on other sites More sharing options...
Cosmic Posted January 25, 2014 Share Posted January 25, 2014 Yes those great friends Arizona and Canada; they share the widest border in the known world. Quote Link to comment Share on other sites More sharing options...
dbadefense1990 Posted January 25, 2014 Share Posted January 25, 2014 Nothing welcomes Canadians more like a redneck-west American state whose people openly hate Mexicans.'Murica. Quote Link to comment Share on other sites More sharing options...
FGM13 Posted January 25, 2014 Share Posted January 25, 2014 Well, Arizona IS filled with western Canadian transplants. Quote GO OILERS-GO BLUE JAYS-GO ESKIMOS-GO COLTS Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.