Nope, that's one arena. What does a baseball field and football stadium have to do with this?
Um, Progressive Field and Quicken Loans Arena are next to each other, they both have suites and major league teams as tenants and they have nights in which both teams are playing ... the same for Cleveland Browns Stadium ... and they're all in a city smaller than Detroit.
None of Detroit's four major pro sports teams are in financial trouble, and none of their venues are in trouble. Detroit is able to support all four. With a new arena, the Wings will be able to draw further revenue streams to make them more competitive. That's a logical business move, and it will be financed just as the other two stadiums were in town - private and public money. That's just how it's done.
Yes, and you are proposing doubling the supply of suites at the same time that these families and individuals have lost much of their net worth.. Oh, and BTW, if you really want a suite, there are a few available at the Palace right now.
Net worth is not the same as cash in hand. The teams know that. And even if the Palace doesn't sell every suite doesn't mean it's not a success.
And keep in mind the excitement of a new venue traditionally sparks interest from fans and companies that previously didn't lease them.
Correct. This is why they need to share an arena with the Pistons. Absent that, they need to renovate JLA to squeeze the maximum revenue out of the Joe.
Do you think the Pistons are going to give them as good a deal as they got from Coleman Young?!? Hardly. Neither team is going to move in there, and the NHL likely would try to stop the move. It would be a scheduling nightmare. And you cannot renovate the Joe much further, and if you sink $150m into it, you're not going to get that back any time soon. Atop that, JLA's location is a crime -- you don't need windowless concrete boxes sitting on valuable riverfront land. That spot can be used for Cobo or revenue development for the city. Ask an urban planner.
No pro sports franchise wants to share a venue. Ask the Cleveland Indians what the Browns did to them for 35 years with their lease.
LOL, yeah, it sure would hurt to have two teams share one arena, even though every other city does it, and even though there aren't nearly enough events for two separate arenas.
A new JLA would likely take away events from Cobo. It will be built as a multi-purpose venue.
No one but you wants to see the Wings move to the Palace, and that includes the Wings, Pistons, city of Detroit, Wayne County and the fans of both teams.
It's never going to happen, so wishing for it and arguing for it is pointless. Atop that, it's simply a stupid idea because one or both of the teams would LOSE revenue.
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