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.”

Bruins set NHL record with 12 straight home wins to start season

Bob DeChiara-USA TODAY Sports
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BOSTON — The Boston Bruins set the NHL record for most home victories to start a season with their 12th straight, topping the Carolina Hurricanes 3-2 in overtime with a power-play goal from David Pastrnak.

The Bruins broke the mark of 11 that was set by the 1963-64 Chicago Blackhawks and equaled by the Florida Panthers last season.

“That felt awesome,” Bruins first-year coach Jim Montgomery said. “We talked about it after the second (period) going into the third. There’s been a lot of great teams in this league and you’re able to set a precedent, break a record. It’s pretty special and it doesn’t happen if those guys don’t believe in themselves like they do.”

Boston, which trailed 2-0 late in the second period, tied it with 9:33 left in regulation when David Krejci scored his second of the game on a shot from the right point.

“It’s never fun being down going into the third, you’re sitting in here (in the locker room) trying to figure it out,” Krejci said. “You want to come out and do the job, something special on the line. It’s hard to win in this league. To get 12 in a row at home is pretty special.”

In overtime, Carolina was playing shorthanded after being called for too many men on the ice when Pastrnak one-timed a pass from Brad Marchand inside the far post from above the left circle.

“It was a big win for us, obviously, coming from behind,” Pastrnak said.

Jesperi Kotkaniemi and Stefan Noesen each scored a power-play goal for Carolina, and Pyotr Kochetkov made 38 saves. The Hurricanes lost their fifth straight.

In a rematch of last spring’s opening-round playoff series that the Hurricanes won in seven games, Carolina shutout the NHL’s highest scoring team for nearly two periods and jumped ahead a pair of power-play goals in the opening period.

“We took too many penalties. That’s hurting us right now,” Kotaniemi said. “I think 5-on-5 we’re doing a really good job. We started good tonight and couldn’t keep that up.”

Boston’s tying goal was originally disallowed because of goaltender interference on Nick Foligno but overturned on a coach’s challenge after it was ruled that he was nudged into the crease by Carolina defenseman Brett Pesce.

Boston starting goaltender Linus Ullmark made 28 saves but had to leave with 13:03 left in the third period with an undisclosed upper-body injury. Teammate Connor Clifton had jumped on him to block a shot during a scramble. Jeremy Swayman made six stops in relief.

Carolina’s Noesen scored at 6:34 in to make it 1-0. And with five minutes left in the period, Kotkaniemi collected the puck near the side of the net after Seth Jarvis‘ shot bounced off the back glass and slipped it inside the post at 15:05.

Krejci scored for Boston with 31 seconds left in the second.

Boston came in with a league-high 82 goals in 20 games (4.10 per game), but it was held to relatively few chances despite getting a 5-on-3 power-play advantage early on.

TAKE NOTE

The Bruins honored captain Patrice Bergeron, who recorded his 1,000th career point when the team was on the road against Tampa Bay, with a message on the Jumbotron. The crowd gave him a standing ovation.

Bergeron became just the fourth Bruin to reach the mark, joining Hall of Famers Ray Bourque (1,506), Johnny Bucyk (1,339) and Phil Esposito (1,012).

UP NEXT

Hurricanes: Host the Calgary Flames.

Bruins: Host the Tampa Bay Lightning.

Predators postpone 2 games due to Nashville water main break

Isaiah J. Downing-USA TODAY Sports
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NASHVILLE, Tenn. —  The Nashville Predators postponed two home games because of a water main break that soaked their downtown arena.

Hours after the Predators decided they couldn’t play against the Colorado Avalanche, the team announced it also postponed the game against the Columbus Blue Jackets. Makeup dates for the two games will be announced later.

The NHL said the water main break that occurred “significantly impacted the event level” of Bridgestone Arena. Team locker rooms and the ice surface are on the event level.

Predators President and CEO Sean Henry told reporters that the water in the event level ranged from 3 inches to 3 feet.

“We’re assessing it right now. We’re remediating it,” Henry said. “The good thing is, the water got shut off, the city responded in a pretty fast manner. I don’t think anyone is ready for things like this the Friday after Thanksgiving.”

Video posted by a WTVF-TV reporter shows the water puddled up on the main floor’s concourse area and the team store. The team was forced to close the store until further notice, pointing shoppers online for Black Friday specials.

The Predators’ next home game is now scheduled for Tuesday against the Anaheim Ducks.

The water issue also resulted in a switch to a different venue for a college hockey game between Northeastern and Western Michigan. They also had been scheduled to play at Bridgestone Arena, a game that was moved to Ford Ice Center Bellevue.

Rangers trade Ryan Reaves to Wild for 5th-round pick in 2025

Christopher Hanewinckel-USA TODAY Sports
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ST. PAUL, Minn. — The New York Rangers traded enforcer Ryan Reaves to the Minnesota Wild for a 2025 fifth-round pick.

Reaves had been a healthy scratch for eight of the past 12 games for the Rangers. He gives struggling Minnesota some extra muscle and a veteran presence.

The 35-year-old is signed through only the rest of this season at a $1.75 million salary cap hit. He has no points and 12 penalty minutes in 12 games of his second season with New York.

Reaves has played in 869 NHL regular-season and playoff games for the St. Louis Blues, Pittsburgh Penguins, Vegas Golden Knights and Rangers. He was with the Golden Knights during their inaugural season in 2017-18 when the reached the Stanley Cup Final.

Toronto’s Morgan Rielly placed on long-term injured reserve

Dan Hamilton-USA TODAY Sports
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TORONTO — The Toronto Maple Leafs placed defenseman Morgan Rielly on long-term injured reserve with a knee injury.

Rielly was hurt in a collision with with New York forward Kyle Palmieri early in the third period of Toronto’s 3-2 overtime loss to the Islanders at home.

Rielly has no goals and 16 assists in 20 games this season and is averaging 23 minutes of ice time.

Leafs coach Sheldon Keefe said following practice that the 28-year-old Rielly doesn’t need surgery, adding there’s no firm timeline for his return beyond the minimum 24 days and 10 games required for going on long-term injured reserve.

Toronto’s defense is also missing Jake Muzzin with a neck injury and T.J. Brodie with an injured oblique.