Denver's Nuggets and Avalanche have reached the finals only once between them (in 2001 when the Avalanche won the Stanley Cup) while Kroenke has owned them. Yet today FORBES reckons the two teams combined are worth $514 million, an unusually rich valuation for a small market. A big reason: They generate over $25 million a year in premium seating revenue. Contrast that with stand-alone hockey teams (New York Islanders, St. Louis Blues) or basketball teams (Sacramento Kings, Minnesota Timberwolves). All are seeking investors or new homes because they lack the stadium revenue Kroenke's two teams yield.
Monday, July 25, 2011
Saturday, July 2, 2011
The state Legislature on Wednesday gutted redevelopment, the system responsible for three decades of San Diego's big building aspirations and neighborhood revitalization attempts. [...] It menaces the viability of major legacy projects, such as a new downtown Chargers stadium or expanded Convention Center, by pulling a large chunk of their funding.
Tuesday, May 31, 2011
St. Louis, MO native and former NBA player Larry Hughes spent this past weekend pumping gas? What? Yes it's true and "...This is not a tragic story of a former NBA player hurting for money" - DC Nation. No no the dude's not broke he was being nice to his fellow St. Louisans, but thanks for the confidence in former NBA players DC Nation. The first 150 cars to pull into the Quick Trip on North Hanley Rd. from 4:30 - 5:30 p.m. on Sunday got a free fill up courtesy of Larry. I know this isn't about a team coming here or anything, but Larry's one of my favorite NBA Players so anytime he is doing good in St. Louis or giving back to the people/fans I am going to post the info. for you all.
Wednesday, April 20, 2011
How well would you support an NBA team in St. Louis?