RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
Posts: 4,597
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Post by RusskyHoya on Mar 27, 2024 16:31:37 GMT -5
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Post by Admin on Mar 27, 2024 16:40:54 GMT -5
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 27, 2024 19:46:52 GMT -5
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 27, 2024 20:02:15 GMT -5
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 27, 2024 20:05:33 GMT -5
Shades of Bob Kraft is taking the Patriots to Hartford…
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 27, 2024 20:27:16 GMT -5
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 27, 2024 20:32:23 GMT -5
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 27, 2024 21:26:35 GMT -5
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Post by professorhoya on Mar 27, 2024 23:13:54 GMT -5
Feels like the Hoyas are the biggest winners in this non move.
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the_way
Platinum Hoya (over 5000 posts)
The Illest
Posts: 5,419
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Post by the_way on Mar 28, 2024 0:42:40 GMT -5
The correct decision.
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coach98
Century (over 100 posts)
Posts: 139
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Post by coach98 on Mar 28, 2024 3:39:28 GMT -5
I'm gonna say that Muriel Bowser is the biggest winner.She will use this to run for a fourth term.
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Post by professorhoya on Mar 28, 2024 6:02:07 GMT -5
I'm gonna say that Muriel Bowser is the biggest winner.She will use this to run for a fourth term. She would have been a big loser if she lost the teams but probably would still get re elected so not fatal. She really didn’t gain anything cause team shouldn’t have left in the first place. For the Hoyas Cooley didn’t sign up to play in a second class arena when he came here.
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seaweed
Diamond Hoya (over 2500 posts)
Posts: 4,657
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Post by seaweed on Mar 28, 2024 7:46:46 GMT -5
Leonsis said after one of his meetings with Bowser, “all of a sudden I really felt like we were in this together and that D.C. — it’s where I wanted to be”
“(Just after my mistress left me) I realized how much I wanted to be with my wife.”
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DanMcQ
Moderator
Posts: 30,516
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Post by DanMcQ on Mar 28, 2024 9:28:18 GMT -5
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metaphor
Century (over 100 posts)
Posts: 193
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Post by metaphor on Mar 28, 2024 11:19:03 GMT -5
Sometimes things work out. Sometimes they don't. In this case it was the former. Now let's hope Georgetown can put a product on the floor that makes playing at the phone-booth worth the high price of rent.
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SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,265
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Post by SSHoya on Mar 28, 2024 11:23:12 GMT -5
Sometimes things work out. Sometimes they don't. In this case it was the former. Now let's hope Georgetown can put a product on the floor that makes playing at the phone-booth worth the high price of rent. No longer the phone booth! It's a bank lobby!
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DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,737
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Post by DFW HOYA on Mar 28, 2024 13:12:46 GMT -5
Three key takeaways from the announcement:
1. It's a big deal that Monumental gains 220,000 SF at the neighboring Gallery Place building for offices. This opens up a sizeable amount of the overall footprint for arena-related expansion that the original 1997 design did not allow. Much like the patrons who wondered how spacious Madison Square Garden got after its renovation, despite not expanding it from the outside, getting office space out of the main building gives Monumental creative freedom to do more with what it has.
2. The "entertainment district" pitched in Alexandria was the secret sauce that was to drive traffic there 350 days a year. With the demise of Gallery Place's retail, Monumental has a singular opportunity to acquire and/or convert the 250,000 SF of vacant space at Gallery Place into ongoing entertainment for game events or off-peak activities, such as music, coinciding with the $15 million about to be committed by the District to build a bridge (literally or figuratively) from the arena into the retail space. The Regal Cinemas area alone seats over 2,700 across 14 theaters and could be redesigned as a 2,000 seat music venue that downtown lacks. I could also see Monumental being more aggressive in acquiring leases across from the arena for food, gaming, and the like.
3. How much change will be seen inside the arena? More than we think. The designs of arenas built in the 1990s are giving way to the look of arenas like the Chase Center and the Intuit Dome: private entrances for certain patrons, private parking, multiple levels of club seating, all-inclusive food and beverage, video, etc. Concession stands could morph into the checkout-free zones. Biometric scans, for good or bad, are coming. I could also see the 200 level being gutted as the lower level becomes the prime club seats and a new level at mid-tier becomes the main entrance for the hoia polloi.
Change isn't cheap, so tickets will go up, prices will go up, and so will rent to the Hoyas, but that's for another topic. Also likely to go way up: naming rights. Monumental signed a 10 year, $100 million deal with Capital One for naming rights that extend to the first quarter of 2027. By contrast, Chase signed a 20 year, $300 million deal in SF and Intuit's deal was 23 years for $500 million. With numbers like that, we're more likely to see a refurbished arena named for Nvidia or Etihad Airways than a bank.
Monumental didn't share much about what they wanted Potomac Yard to look like from the inside. How much of that they retain in the new plan is a function of budget but there are a lot of intriguing possibilities they have with the downtown property. Having already upgraded infrastructure in 2017, $500 million plus naming rights offers a lot of choices.
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thebin
Diamond Hoya (over 2500 posts)
Posts: 3,848
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Post by thebin on Mar 28, 2024 17:55:02 GMT -5
Feels like the Hoyas are the biggest winners in this non move. I’m stunned this is the take. This is great news for DC and city sports culture imo…. But this is NOT good for Georgetown Athletics: an organization that can only invest in long overdue future infrastructure w a gun to its head apparently. We just hit the decade long snooze button on the structural homelessness at the heart of our decrepit program. Again. We love that damn button ! The new revitalization will only further highlight our inability to warrant the tenancy. Bullet dodged…really? That’s the lesson from this near mid air collision? Go back to sleep and hope we wake up in 1989 again?
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thebin
Diamond Hoya (over 2500 posts)
Posts: 3,848
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Post by thebin on Mar 28, 2024 18:00:47 GMT -5
Great for DC.
Great for Bowser.
Great for Abe.
Great for Caps and Wizards fans.
For the Hoyas? Overall calling this net neutral is a very rosy spin imo. Yes, there is short term relief. But. Way worse ….Long term this probably kills any chance at progress on our homelessness. Do they make bronze handcuffs? That's too nice a material. A nice polymer handcuff maybe chaining us to an oversized empty building in which we will Always be visitors.
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SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,265
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Post by SSHoya on Mar 28, 2024 19:41:13 GMT -5
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