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.”

Eddie Lack expects to be released from hospital on Monday night

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As scary as the situation was for Carolina Hurricanes goalie Eddie Lack, the good news continues to pour in.

First, the Hurricanes provided an update that he had “full feeling in his extremities” while under observation at a hospital. This followed the promising sign that he was able to give a “thumbs up” gesture while being taken off the ice on a stretcher after the Hurricanes’ 4-3 overtime loss to the Detroit Red Wings.

The best news came late on Monday night, however, as Lack himself tweeted that he expects to head back home as early as this late evening/early morning:

That’s fantastic news. Video of that scary collision with Andreas Athanasiou can be seen in the video above this post’s headline.

Blues, Flames take care of business (Islanders … do not)

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For a while there, it seemed like the idle Boston Bruins and Toronto Maple Leafs would be Monday’s “winners.” That changed when the Carolina Hurricanes salvaged a standings point and the Tampa Bay Lightning stormed back to beat the Blackhawks.

Still, there were some teams who came through (beyond the Lightning) and those who fell flat, so let’s cover some of the results in short.

West teams get it done

Unlike their counterparts out East, West teams jockeying for position avoided “unforced errors” in losing to non-playoff teams.

The St. Louis Blues beat the Arizona Coyotes 4-1 while the Calgary Flames topped the Colorado Avalanche 4-2. Johnny Gaudreau generated his 200th point (and 201st) in Calgary’s win, while Alex Steen generated four assists. (Vladimir Tarasenko also enjoyed a three-point night.)

This keeps the Blues and Flames in position to advance. St. Louis is one point behind the Nashville Predators for third in the Central while the Flames are a point behind both the Sharks and Oilers for second and third in the Pacific (while remaining in shouting distance of the division title).

East teams stumble, some get over it

Again, the Lightning fought through hurdles to win and the Hurricanes managed that “charity point.”

Overall, East teams struggled. The New York Islanders fell to the Predators by a score of 3-1. Your mileage may vary on the Florida Panthers’ chances, especially after they fell 4-2 to the Buffalo Sabres.

Brian Gionta scored in his 1,000th game as Buffalo won, by the way.

Here’s what the race for the final spot in the East looks like after tonight:

Final wild card: Bruins – 84 points in 75 games played

Lightning – 83 points in 75 GP
Islanders – 82 points in 75 GP
Hurricanes – 80 points in 74 GP

Victor Hedman might just force his way into the Norris argument

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For quite some time this season, the Norris Trophy race felt a bit like “Brent Burns, Erik Karlsson and [insert token finalist].” As it turns out, Victor Hedman is making it a pretty interesting three-horse race.

With Burns and Karlsson idle on Monday, Hedman continued to go on the best offensive tear of his already-impressive career, contributing three assists to the Tampa Bay Lightning’s 5-4 overtime win against the Chicago Blackhawks.

As much credit as forwards Nikita Kucherov and Jonathan Drouin deserve in pushing Tampa Bay in Steven Stamkos‘ absence, Hedman has been an all-world blueliner for a Lightning team with a defense that isn’t really surrounding him with great talent.

He’s serving as a workhorse when his team needs him the most:

Now, when you look at the numbers, it’s probably fair to say that Hedman comes in third among the likely finalists in simple categories:

Brent Burns: 27 goals (!), 72 points in 75 games, +16 rating, 24:52 time-on-ice average

Erik Karlsson: 14 goals, 67 points in 74 games, +7, 26:53 minutes per game (fourth highest average in the NHL)

Victor Hedman: 15 goals, 65 points in 72 games, +2 rating, came into Monday with average of 24:15 minutes per game.

Looking at those breakdowns, you might wonder why someone wouldn’t just flippantly hand Hedman the “bronze medal” and a pat on the back … but things get more interesting if you ponder the all-around impact of those three.

Now, traditional-thinkers who slam risky defensemen for their mistakes often overstate such arguments. Both Burns and Karlsson tilt the ice in their teams’ favors, usually to profound degrees.

Still … Hedman locks opponents down to a truly elite degree and scores at a similar rate. Hedman could very well own the “two-way” argument; you could perhaps see his case most clearly when you compare his “HERO” chart to those of Burns and Karlsson, especially from the perspective of conceding shots.

Again, Burns remains the likely winner, and he would be a deserving one. You could make a solid Hart Trophy argument for Burns, in addition to tabbing him as the Norris frontrunner.

Even so, voters would be wise to take Hedman’s case seriously, especially as the Lightning continue their improbable playoff push.

Lightning storm back against Blackhawks, finish one point out of playoffs

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Who would have thought that the Tampa Bay Lightning would rally back from a 4-1 deficit tonight? Then again, who expected them to be so close to a playoff spot mere weeks ago, when they were sellers at the trade deadline?

The Lightning continue to show that they won’t just roll over and die, scoring four unanswered goals to beat the Chicago Blackhawks 5-4 in overtime on Monday.

While Jonathan Drouin was a catalyst for the second-period rally, it was an unlikely scorer who clinched the victory, as Yanni Gourde ended a thrilling run of 3-on-3 chances with the overtime-winner.

Really, it might have been fitting. Things looked glum when Tomas Jurco scored his first goal of the season against the Lightning, then the mood was totally flipped when Gourde’s second tally of 2016-17 grabbed a huge win.

With the Islanders losing to the Predators, the Hurricanes only managing a “loser point” against the Red Wings and the Bruins idle, Tampa Bay is a breath away from a playoff berth:

Final wild card: Bruins – 84 points in 75 games played

Lightning – 83 points in 75 GP
Islanders – 82 points in 75 GP
Hurricanes – 80 points in 74 GP

Yes, all of a sudden, a long-shot postseason run seems quite attainable.

Maybe the Lightning would prefer it if we kept counting them out, though?