November 22, 2024 12:26 am
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[EDITORIAL] Why Phoenix absolutely must keep the Suns at Talking Stick Resort Arena

Disclosure: Rose Law Group represents the Phoenix Suns

(Opinion: Is this the best Phoenix can do? Perhaps not. But rejecting the Suns’ offer comes with risk, too.)

Editorial board | Arizona Republic

For those urging the city not to get into the arena business, it is in the arena business up to its eyeballs.

Phoenix is the owner of a 1992 vintage NBA basketball arena.

Today, the Phoenix City Council will decide whether to support a $230 million renovation of Talking Stick Resort Arena, in which the city would pay $150 million and its lead tenant Phoenix Suns $80 million to make it rockin’-ready for the modern NBA.

Whether the Suns stay or go, the city of Phoenix has a million square-foot building in the heart of its downtown sports and entertainment district that needs renovation. City officials estimate the price at $130 million to $180 million.

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