All about the College Park SkyHawks!

Post #141 » by **Jamaaliver** » Tue Jan 30, 2018 4:01 pm

jayu70 wrote:College Park residents try to stop Atlanta Hawks development arena

Posted: a day ago | By Arielle Kass - The Atlanta Journal-Constitution

John Duke is trying to stop an arena. In College Park, where he lives, members of city council are planning a Tuesday groundbreaking for the $42 million facility, which is slated to be the home of the Atlanta Hawks’ development team when it opens next year. But Duke argues that the arena will cost the city more than it will gain.

I do believe we saw this coming...years ago:

Jamaaliver wrote: I love the decision to get our own franchise for exclusive use, but I don't love the location.

dms269 wrote:I agree with the idea that College Park is a weird location.

simon24 wrote:Did the fact they chose to build a new arena in College Park play a factor in why they got to wait 3 years? I'm not too familiar with D League fan support, but is it really that important?

Can't expect...in a metro ATL city like College Park for people to go out their way to sell out the arena when there's so much going on in ATL.

Jamaaliver wrote:The more I hear of the College Park location, the more I believe that city has made a mistake investing so much into this venture:

New Southside arena for minor league Hawks could cost millions

College Park will pay $20 million to $40 million for an arena for a new NBA minor league affiliate of the Atlanta Hawks, according to city manager Terrence Moore...which he said was a “very preliminary” range.

That’s for a city with a population of about 15,000, which is less than the average attendance at Hawks games in downtown Atlanta...

The Hawks D-League team would pay rent starting at $5,000 per game, according to Moore, with about 36 games expected annually
http://www.myajc.com/news/news/local-govt-politics/new-southside-arena-for-minor-league-hawks-could-c/ns7qZ/

This sounds disastrous for that city long term.

Nov 2016

Post #142 » by **Jamaaliver** » Tue Jan 30, 2018 4:05 pm

If Hawks pay rent at 5K per game and the city pays $30 million for the building...they'll be paid back directly in about 6000 games.

That...

Somebody check my math. Cause that's an awful scenario.

Post #143 » by **dms269** » Tue Jan 30, 2018 4:26 pm

Jamaaliver wrote:If Hawks pay rent at 5K per game and the city pays $30 million for the building...they'll be paid back directly in about 6000 games.

That...

Somebody check my math. Cause that's an awful scenario.

Not just that but at only 24 home games a season, it will only take 250 season to do that.

Post #144 » by **Jamaaliver** » Wed Jan 31, 2018 1:35 pm

Is a Hawks arena in College Park nothing but net loss?

In late 2016, College Park officials announced a deal to bring the Atlanta Hawks’ minor league basketball team to an arena they planned to build near the airport.

The 3,500-seat facility, which would be part of the Georgia International Convention Center, would cost somewhere between $10 million and $40 million, a city official ventured. That was a pretty wide range, even as guesstimates go.

Well, guess how much it will cost? Nowhere near the low estimate, that’s for sure. In fact, it’s even more than the high guess. About $42 million before you toss in the bond issuance costs, attorneys’ fees and postage. After that you’re approaching $45 million. Add interest payments for the bonds and you’re at $57 million. Or even $60 million.

But I was corrected. It’s a “multipurpose arena,” College Park City Manager Terrence Moore told me. There will be concerts, comedy shows and other events to fill out the other 335 nights each year.

In 2016, College Park shared some figures showing the Hawks playing 36 nights and paying $10,000 a pop. But that rental fee has dropped and demonstrates how professional sports teams do so well: They get subsidized by taxpayers.

The arena was to have had a groundbreaking this week, but it was postponed after local resident/spoilsport John Duke filed a motion to stop the issuance of the bonds on a procedural technicality...

Duke called the arena a case of “keeping up with the Joneses.” Just about every county in metro Atlanta — and tons of cities — either have arenas or performance halls or want one.

He likened the situation to someone trying to dig out of a hole by shoveling faster. The arena bond note will cost College Park $2.7 million a year for 17 years. (For a down payment, the city is also kicking in $9 million it has lying around.) The Baby Hawks wouldn’t even commit to the life of the note, just promising to stay for 10 years starting in the fall of 2019.

myAJC

Sounds like this thing is likely to push through. But College Park could end up regretting the decision a decade from now.

“Convention centers lose money, that’s what they do,” said Heywood Sanders, a professor of public administration at the University of Texas at San Antonio.

College Park, population 16,000, has more than a third of its residents existing under the poverty line. That’s one reason city leaders want to roll the dice on a new arena.

jayu70 · Post #145 » by **jayu70** » Fri Feb 2, 2018 1:25 am

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jayu70 · Post #146 » by **jayu70** » Sat Feb 3, 2018 8:18 pm

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jayu70 · Post #147 » by **jayu70** » Sat Feb 3, 2018 11:24 pm

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Post #148 » by **Jamaaliver** » Mon Feb 12, 2018 5:43 pm

Oh, boy...

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jayu70 · Post #149 » by **jayu70** » Mon Feb 12, 2018 6:26 pm

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Post #150 » by **Jamaaliver** » Fri Feb 16, 2018 4:19 am

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jayu70 · Post #151 » by **jayu70** » Wed Feb 21, 2018 8:56 pm

I guess they'll play Friday.

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Post #152 » by **Jamaaliver** » Wed Feb 28, 2018 6:59 pm

HEH...

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jayu70 · Post #153 » by **jayu70** » Fri Mar 2, 2018 12:51 am

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macd-gm · Post #154 » by **macd-gm** » Fri Mar 2, 2018 6:32 pm

I hate to say it but Magette should be stockpiling money in Europe. I mean how much does he make in the G-league? I don't think he's going to get the chance in the nba.

jayu70 · Post #155 » by **jayu70** » Fri Mar 2, 2018 7:35 pm

macd-gm wrote:I hate to say it but Magette should be stockpiling money in Europe. I mean how much does he make in the G-league? I don't think he's going to get the chance in the nba.

Maybe he's happy to be State side in the GL making $75,000.00. He gets additional money for the NBA games he gets called up for.

Post #156 » by **Jamaaliver** » Fri Mar 2, 2018 7:50 pm

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macd-gm wrote:I hate to say it but Magette should be stockpiling money in Europe. I mean how much does he make in the G-league? I don't think he's going to get the chance in the nba.

Is there a G-League Hall of Fame? This dude is putting up numbers that should be commemorated...somewhere.

jayu70 · Post #157 » by **jayu70** » Mon Mar 5, 2018 5:43 pm

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I guess Delaney will be out a bit with sprained ankle.

graymule · Post #158 » by **graymule** » Mon Mar 5, 2018 9:44 pm

Hopefully, they get on the floor with the Hawks this time.

jayu70 · Post #159 » by **jayu70** » Sun Mar 25, 2018 1:33 pm

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jayu70 · Post #160 » by **jayu70** » Sun Mar 25, 2018 2:32 pm

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