100% agree. Lucking into Ovi as the lockout ended made the Caps what they are. The Wizards, AOL - pretty much everything else Ted has had to manage has not been stellar. Sure, he makes money, but with an asset that is regional like sports franchises, it is more than just the money. Ted was smart enough, like Mark Cuban, to turn dotcom dollars into tangible assets that have appreciated over time, but it isn't because of Ted that his fortune grew. |
Parking shuttle a problem? Two words: mobile lounges |
Yes, that demonstrates how much of a PITA it would be. IAD transportation is the worst. |
DP. I’m sure some people will still attend, but the additional hassle will turn off many others. |
I’m sure he will profit from this project before selling it off. Having VA foot the bill makes it pretty easy. |
Yes, Ted will absolutely profit. He is being given 70 acres of land and money to build an arena, music venue, hotel 9and probably casino) There will be people who attend the games, but it will only be 1/4 to 1/5 of the people who attend now. The rest will be corporate boxes and suites, corporate seats and people who live close enough to the new site that getting there won't be considered a burden. The overall fan experience will be worse, but again, Ted doesn't care about that. He will get his guaranteed revenues from both the NBA and NHL TV contracts, he will field teams that are at or below the salary cap and he will make some money on concessions. He is not responsible for any shortfall on the debt coverage - that falls to the taxpayers of Virginia and Alexandria, so this is all upside for him, Downside for Virginia taxpayers and significant downside for the current fans of the team. |
First, unlike the NFL, the NBA and NHL are far more dependent upon game attendance. Second, corporate seats and boxes tend to go to busy professionals who will not head to PY. |
You do know that many of the busy wealthy professionals in this metro area live and work in NoVA. They won’t have a problem going to PY, especially as the suites and premium seating will be far better. I’ve been in a suite in Capital One Arena and it was very basic with a cheap LG fridge and Home Depot granite countertops. A new builder grade Ryan Homes kitchen surpasses Capital One Arena suites. |
| Do we know if the suites will have quartz countertops and subzero refrigerators? That is definitely what has been holding me back from going to cap one arena. |
Everyone who doesn’t live in PY has a hard time getting to PY. It’s inaccessible. - Wealthy professional who lives in VA |
Of course, there are busy wealthy professionals in NoVa. But, as noted above, the drive from Great Falls and McLean to Potomac Yards is no better than the drive to Capital One Arena and arguably worse. Do you expect these busy wealthy professionals in NoVa to take the Metro (which is longer) or a parking lot shuttle service? |
Here is a critical issue. Game changer for me! |
| So these will be Virginia teams and dc can get brand new ones, right? Everyone wins! Except the Alexandria taxpayers. |
Why do people make insane posts like this? |
How many people in this country own two professional sports teams and a WNBA franchise? Probably can count them on one hand. |