The city of Charlotte yesterday voted down funding for a new arena for the Charlotte Hornets. Speculation is the Hornets might move. . . a similar situation is happening in Orlando, though the DeVoss family has backed off a little after public outcry.
Both teams claim that they are losing money and need luxury boxes and a fancy new building to draw in revenue and compete in the NBA. Opponents reply that the owners are asking the city to fund a business for fat cats.
My question is . . I know Charlotte Coliseum was built in 1988 . . and seats 24,000 fans. I believe Orlando’s arena was built around the same time!
Is sports getting so bad we need to build new arenas for these teams every 15 years???
I recently spoke to a woman in Memphis who said that city is fighting hard to get the Vancouver Grizzlies to move there . . but the NBA told them that their arena, the Pyramid, is not up to NBA standards, and if they wanted a team, they would need to put $50 million into the Pyramid . . IN LIEU OF A NEW BUILDING!!!
The Pyramid holds 20,000 people and was built in the 90s (corret me if I’m wrong on this- but it is a newer building).
My gut instinct is to go with the people in these cities- well maybe not memphis since they are trying to steal a team: I think you need to get at LEAST 25 years of shelf life out of an arena at the very LEAST before begging for a new place to play!!! Besides, there’s a salary cap in the NBA, so there should be no excuse for not being competitive.
I think the owners of both teams are holding Charlotte and Orlando hostage.
Maybe someone can present the owner’s point of view on this.