Nationwide Arena

Columbus officials release arena lease proposal to help keep Blue Jackets in town

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With the Columbus Blue Jackets reporting record financial losses over the past few seasons, totaling over $80 million in the last six years and $25 million last year, they’re an organization that’s in desperate need of help to get out of their money woes. With so much money bleeding from the Blue Jackets, owner John P. McConnell has said that if things aren’t turned around that he’ll have to move the team.

While wins haven’t been easy to come by and they’ve made the playoffs just once in franchise history, there’s a plan on the table to try and ensure that the Blue Jackets can stay in Columbus.

This afternoon, a proposal was announced that would see Nationwide, the insurance company that owns the naming rights to the Blue Jackets arena, as well as Franklin County, Ohio and the City of Columbus would team up together along with revenues from a proposed casino to buy the arena.

Doug Caruso of The Columbus Dispatch outlines the plans to help keep the team in Columbus.

Franklin County and Columbus would pledge up to a third of the tax revenue they collect from the Hollywood Casino on the West Side through 2039 to finance the $42.5 million purchase of the arena from Nationwide Realty Investors and pay to operate it, said John Rosenberger, a lawyer hired by Columbus and the county in 2009 to negotiate an arena deal. The Franklin County Convention Facilities Authority would own the arena.

Under the agreement, Nationwide would invest $52 million in the Blue Jackets and would take a 30 percent ownership interest in the team. It would have naming rights to the arena for 10 years.

It’s no secret that money is tight in America and using public money to finance the purchase of an arena, even split up over many groups, raises a giant red flag. While the arena would then belong to the county, the fact that it’s money from the people and not a private firm or even the Blue Jackets owners, is the part that makes this deal seem very curious.

We’ve seen proposals using public money land with a thud in Glendale and on Long Island and those were deals that would’ve secured the location of the Coyotes in Arizona and the Islanders on Long Island for years to come. Those matters were shot down either by government watchdogs or via public vote.

In Columbus, this deal would need to be approved by a vote of the Columbus City Council and Franklin County commissioners to make it work. As for what the deal will do to slow down the losses, Caruso breaks down the numbers.

The deal is expected to save the team $9.5 million a year. The team would agree to remain in Columbus through at least 2039.

The $42 million purchase price for the arena is slightly lower than the $44 million value Nationwide placed on it during court proceedings to set the taxable value of the building in 2006, a case in which it was in the company’s interest to set the price as low as possible. The county auditor had valued the arena at $129.7 million. It cost $147.1 million to build in 1999, Nationwide said at the time.

The state of Ohio would help out with the purchase through a $10 million loan, half of which can be forgiven by the state.

The part that makes the use of public money more irksome is the fact that people in the area voted against using public money to build the arena in the first place. Using it now to make sure the lead tenant can stick around seems like an end-around way of getting what they wanted in the first place.

We’re all for doing the right thing to keep a team in place, but the use of taxpayer money is what will always make us feel awkward. If it’s money that had no other destination for usage that’s fine, but burning public bucks during tough financial times makes the situation feel nervous. The Blue Jackets are the only major professional team in Columbus and letting the arena go vacant would be a tough blow to the city and the community so this move could be viewed as one meant to keep the economy rolling until 2039, it just feels a little bit uncomfortable going all in on supporting it.

Update (5:37 p.m.): Blue Jackets team president Mike Priest issued a statement about the deal on the team’s website.

“We are appreciative of the comprehensive work and due diligence delivered in this report. Mr. Dorrian, Bill Jennison and John Rosenberger each understand the issues and this report offers a solution that will provide a long term sustainable business model for the organization. We are encouraged by the report’s findings.”

Video: Oh, just another spectacular Patrik Laine goal . . .

WINNIPEG, MANITOBA - OCTOBER 13: Patrik Laine #29, playing his first NHL game, of the Winnipeg Jets celebrates scoring his first NHL goal against the Carolina Hurricanes during NHL action on October 22, 2016 at the MTS Centre in Winnipeg, Manitoba. At top is Mathieu Perreault #85 of the Winnipeg Jets. (Photo by Jason Halstead /Getty Images)
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He’s done it before. He’ll do it again.

Patrik Laine scored another beautiful goal for the Winnipeg Jets, as he beat Carter Hutton with a wrist shot Saturday. But it was how he got into position for the goal that is so much fun to watch.

Laine dished the puck to Bryan Little in the neutral zone, then, after shaking off a St. Louis Blues defender, he knocked the give-and-go pass out of the air and immediately ripped his shot past Hutton.

That’s goal No. 16 for the rookie Laine.

That goal also tied him with Sidney Crosby for the league lead in that category. Not bad — for a rookie.

And then Laine did this in OT, setting up Little for the winner. He can pass, too.

Related:

Video: Laine’s goal was the game-winner (and mind-blower)

Video: Nothing lucky about Laine’s seventh goal of the season

Video: Gudbranson and Martin drop the gloves in spirited scrap

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We asked earlier tonight if the bad blood between the Canucks and Leafs would spill over into tonight’s rematch. It had been pretty tame — unlike what occurred last month.

But there were some fireworks and, as expected following the events of Nov. 5, the combatants were Canucks defenseman Erik Gudbranson and Maple Leafs tough guy Matt Martin.

The two dropped the gloves for a heavyweight scrap during the second period, with both landing some major shots.

 

Avalanche captain Landeskog (lower-body injury) could make upcoming road trip

DENVER, CO - APRIL 09:  Gabriel Landeskog #92 of the Colorado Avalanche awaits a face off against the Anaheim Ducks at Pepsi Center on April 9, 2016 in Denver, Colorado. the Ducks defeated the Avalanche 5-3. (Photo by Doug Pensinger/Getty Images)
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Placed on injured reserve earlier this week, Gabriel Landeskog may be close to returning to the Colorado Avalanche lineup.

Out with a lower-body injury for the past eight games, including tonight’s home contest against the Dallas Stars, Landeskog reportedly skated briefly with his teammates on Saturday. Head coach Jared Bednar provided more reason for optimism on the condition of the Colorado captain when he spoke to the media.

“He’s been working in the gym the last couple of days,” Bednar told the Denver Post.

“He’s been progressing. He feels better again today. He skated slightly on his own there for a few minutes, and that seemed to go well. I’ve already talked to (trainer Matt Sokolowski) about that. I would expect he’s a guy who’s going to continue to move forward here and probably be on the road trip with us.”

The Avalanche could certainly use their leader in the lineup.

They sit tied for last in the West with the Arizona Coyotes and Bednar, earlier this week, ripped his team for a lack of intensity following a 5-3 loss to Nashville on Tuesday.

The Avalanche begin a four-game road trip on Tuesday, as they face the Predators.

The Predators coughed up a three-goal lead in OT loss to Devils

NASHVILLE, TN - OCTOBER 14:  Pekka Rinne #35 of the Nashville Predators stretches during a timeout against the Chicago Blackhawks at Bridgestone Arena on October 14, 2016 in Nashville, Tennessee.  (Photo by Sanford Myers/Getty Images)
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NASHVILLE, Tenn. (AP) Michael Cammalleri‘s second goal of the game with 18 seconds remaining on the clock in overtime capped New Jersey’s comeback from three goals down in the third period and gave the Devils a 5-4 win over the Nashville Predators on Saturday.

Taylor Hall took a pass from Cammalleri and brought the puck up the right side into the offensive zone on a 2-on-1 break, passed it back to Cammalleri cutting up the middle and he fired it past Predators goalie Pekka Rinne.

Cammalleri started the Devils’ comeback from a 4-1 deficit after two as he fired a rebound into an open net 25 seconds into the third.

Andy Greene pulled New Jersey within one 30 seconds later and Adam Henrique tied it with a power-play goal through Rinne’s legs with 7:23 remaining.

Hall had a goal and two assists, Travis Zajac also had two assists and Green added one for the Devils, who were 0-4-2 in their previous six road games. Keith Kincaid stopped 38 shots to improve to 3-1-2.

Kevin Fiala had two goals and P.K. Subban and Roman Josi also scored for the Predators, who fell to 9-1-2 at home. Rinne, a five-time All-Star, gave up five goals on 22 shots.

New Jersey evened its record to 6-6 in games beyond regulation, and Nashville fell to 0-4.

Fiala gave the Predators a 1-0 lead when Matt Irwin‘s point shot appeared to bounce off him into the net with 3:46 left in the first.

Hall tied it 1:17 later when he swatted a rebound out of the air past Rinne.

Nashville went back ahead on Subban’s wrist shot from the slot with 39 seconds left in the opening period. Five of Subban’s six goals have come at home.

Fiala’s second goal increased the Predators lead to 3-1 on a tic-tac-toe play from Craig Smith and Mike Ribeiro at 6:02 of the second period.

Josi extended the Predators’ advantage to 4-1 when he blasted a one-timer from just inside the center of blue line past Kinkaid with 5:29 left in the second.