Utah Hockey Club inks $900M deal to stay in Salt Lake City for 30 years
The Utah Hockey Club secured a taxpayer-funded agreement worth $900 million to remain in Salt Lake City for the next 30 years.
In a recent development, Ryan Smith, owner of the Utah Jazz and Utah HC, has secured $900 million in public funding for arena renovations and a three-block sports and entertainment hub.
The agreement mandates that the Utah HC must play all home games in Utah over the next 30 years. This commitment ensures their presence in Utah, avoiding any potential relocation scenarios akin to the Arizona Coyotes' recent move.
Additionally, if the team wishes to play games in Europe or participate in outdoor events, they must do so as the away team to circumvent repercussions in Utah.
From the Sports Business Journal:
This marks a stark contrast with the Arizona Coyotes. Alex Meruelo faced significant challenges without sufficient state support and had to abandon his vision of owning an NHL team when he failed to acquire the land for a new arena.
Source: Hockey Patrol
Utah HC signs $900M taxpayer-funded deal to stay in Salt Lake City for 30 years
| POLL | ||
JUILLET 4 | 300 ANSWERS Utah Hockey Club inks $900M deal to stay in Salt Lake City for 30 years Do you believe Utah HC made the right choice signing the $900M taxpayer-funded deal to remain in Salt Lake City for 30 years? | ||
| Yes | 196 | 65.3 % |
| No | 104 | 34.7 % |
| List of polls | ||
