Alternative proposal: combine coliseum & multipurpose stadium:
Rodeo & Horse related events, soccer, American football, basketball & ice hockey.
Combine the $63 million for the coliseum with the $37 million for the multipurpose stadium and build a $140-$150 million + covered facility that could be used as a multipurpose dual facility for rodeo events, soccer, American football, basketball & add ice hockey. Remember,
the coliseum gets the existing hotel-motel tax; meaning you're probably looking at a $150 million facility combined if its in the middle of the pack to be constructed.
Horse shoe shaped facility
U could seat 25,000 for soccer & partition off half the facility to accommodate 8k - 14k for rodeo, basketball & ice hockey.
Surely we could come up with something where half the facility with portable risers--could be used for rodeo, horse show events, basketball & ice hockey and without rises used for soccer or American football. Meanwhile, you'd probably see more development (restaurant & retail) in the area near State Fair Park.
Funk could build suites; control all or half the suites revenue.
Annual facility use would increase, you save the horse shows possibly opening up the potential to attract more events; help improve the SFP area by attracting restaurants & retail. City saves on infrastructure; plus a facility that will be used year round. Increased capacity =
potential XFL franchise, return of 6A, 5A H.S. football championships.
Operating costs: Hotel & motel tax would increase with the combined added events--kill two birds with one stone.
The penny tax would bring in about $110 million per year; that equivalent to $9.2 million per month.
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