Nationwide Arena

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


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.”

Fight Video: Schenn, Chychrun drop the gloves as Coyotes score

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Brayden Schenn had a big game in Thursday’s 5-4 loss to the Arizona Coyotes.

He scored a goal and had two assists in the defeat, but he also dropped the gloves with rookie Jakob Chychrun.

As you can tell by the video at the top of the page, Chychrun went after Schenn because the Flyers forward flattened Coyotes defenseman Michael Stone (Chychrun got two additional minutes for instigating and a 10-minute misconduct).

The fight occurred just as Martin Hanzal scored to the go-ahead goal in the game.

The officials reviewed it to see if it would stand or not (ultimately it did).

The momentum swung Arizona’s way after that, as they scored 1:39 later to extend their lead to 4-2.

PHT Morning Skate: Scheifele and Seguin play rock, paper, scissors after pregame warmup

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PHT’s Morning Skate takes a look around the world of hockey to see what’s happening and what we’ll be talking about around the NHL world and beyond.

–How do you decide who gets to be the last player off the ice after warmups? Play rock, paper, scissors of course! (Top)

Connor McDavid has the city of Edmonton buzzing again. (The New York Times)

–The fight against Alzheimer’s means a lot to Leafs president Brendan Shanahan. (Sports Illustrated)

–Justin Bieber played hockey with a pro team in the UK and pulled off a serious celebration. (BarDown)

–Would Wayne Gretzky have set all those records if he was playing in today’s NHL? Mike Brophy weighs in. (

–Six forgotten players that are off to fast starts in 2016-17. (USA Today)

Kings win ugly with Budaj, making things even uglier for Predators

LOS ANGELES, CA - OCTOBER 31:  Drew Doughty #8 of the Los Angeles Kings reacts to the overtime goal of Jeff Carter #77 to beat the Nashville Predators 4-3 at Staples Center on October 31, 2015 in Los Angeles, California.  (Photo by Harry How/Getty Images)

How would you describe the Nashville Predators’ Stanley Cup bandwagon at the moment? A few flat tires? One of those abandoned school buses at a dump?

An unlikely occurrence – Peter Budaj winning four straight games for the Los Angeles Kings, all in overtime, all seriously in 2016 – puts a spotlight on an unsightly start for Nashville following a 3-2 OT decision.

In other words, it was another night where the Predators (early or not) didn’t look the part of Stanley Cup contenders.

Pekka Rinne has often been the scapegoat for Nashville’s losses, and his recent numbers justify some of the criticisms. Thursday doesn’t fall into that pattern, however. Instead, the Predators wasted a strong performance from their $7 million man, who stopped 42 out of 45 shots.

Budaj? He only needed to make 24 out of 26 stops to keep his unexpected winning streak going.

For the Kings and Predators, very different patterns continued on Thursday night.

Los Angeles has people wondering “How long can they win with Budaj?” and “Is there a team that can finally hog the puck against the Kings enough to expose him?” Don’t blame Kings fans who never want this strange sequence to end.

Nashville devotees, on the other hand, must wonder if they’re stuck in some sort of sick nightmare.

They’ve been a chic pick to win it all, yet they’re now at 2-4-1 with three away contests remaining on a challenging five-game road trip.

It’s early, but the headaches just keep multiplying for the Preds.

Mrazek comes up big as Red Wings win sixth in a row

DETROIT, MI - OCTOBER 21: Petr Mrazek #34 of the Detroit Red Wings looks on in the first period while playing the Nashville Predators at Joe Louis Arena on October 21, 2016 in Detroit, Michigan. (Photo by Gregory Shamus/Getty Images)

Are the Detroit Red Wings for real or are they headed toward a humbling regression? We might have to wait until their goalies look human before that question can really be answered.

For yet another game, Detroit’s netminder was outstanding, with Petr Mrazek helping the Red Wings beat the St. Louis 2-1 via a shootout (and a pretty stressful shootout in that).

It took eight rounds until Henrik Zetterberg managed Detroit’s second and decisive tally of the “skills competition,” and now Detroit is on a six-game winning streak.

Mrazek made 31 out of 32 games through overtime and was only beaten by Alex Steen in that shootout, stopping seven of eight attempts. He’s faced more than 30 shots on goal in all six of his appearances in 2016-17.

It is not as if there has been a big drop-off when Jimmy Howard has taken the net, either. Howard has only given up one goal in his two games, winning both of them.

Are the Red Wings asking a lot of Mrazek and Howard? Yep. Just take a look a this lopsided possession chart from Natural Stat Trick for another reminder.


You can see why skeptics murmur about this six-game winning streak being fool’s gold, but the Red Wings keep finding a way to win. Usually, it’s their goalies who have been doing the heavy lifting.