boxout05
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Post by boxout05 on Dec 15, 2023 18:49:01 GMT -5
I am skeptical Monumental (or anyone else) will find it profitable to continue to operate Cap One, and even more skeptical anybody is going to put money into it. But we’ll see. We are complete price takers in that decision. This. Also just doesn’t seem like a second rate arena is the best use of a downtown block at the crossroads of a mass transit system, and someone will come up with a better idea.
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DFW HOYA
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Post by DFW HOYA on Dec 15, 2023 19:59:57 GMT -5
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DanMcQ
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Post by DanMcQ on Dec 15, 2023 20:10:16 GMT -5
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Post by hoyasaxa2003 on Dec 15, 2023 21:43:02 GMT -5
What happens when Monumental simply decides Georgetown is not worth the investment? We play in Alexandria at the new arena. That might not be an ideal option but if it’s the only reasonable option, we will do it. It would be bad for attendance and make it harder for people to attend from DC, of course, but that doesn’t mean we cannot do it. I don’t know why people are assuming that we wouldn’t be able to play in Alexandria. There are going to be many nights the arena is dark and why wouldn’t they take our money? I realize they don’t play every game there but if St. John’s can get dates at Madison Square Garden, I think we will be just fine if it comes to that. I would rather play there than some cut rate facility or someone else’s arena. Keep in mind if they really do build a community around the arena like the Braves have in Atlanta, that might actually make people want to go to games — at least on weekends.
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DFW HOYA
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Post by DFW HOYA on Dec 15, 2023 22:10:12 GMT -5
We play in Alexandria at the new arena. That might not be an ideal option but if it’s the only reasonable option, we will do it. It would be bad for attendance and make it harder for people to attend from DC, of course, but that doesn’t mean we cannot do it. I don’t know why people are assuming that we wouldn’t be able to play in Alexandria. There are going to be many nights the arena is dark and why wouldn’t they take our money? I realize they don’t play every game there but if St. John’s can get dates at Madison Square Garden, I think we will be just fine if it comes to that. What if the rental fee goes up 25, 30 percent? Where is the money coming from for 2,924 announced customers? At some point, Georgetown can't foot that bill for such low returns. FWIW, St. John's has eight home games at MSG, three at UBS/Belmont Park and five games on campus.
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astrohoya
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Post by astrohoya on Dec 15, 2023 23:21:32 GMT -5
Then we eat it or we get proactive about other options. Georgetown has no control over the situation unless they proactively pursue other options. I think they should, but I don’t think they will.
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SSHoya
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Post by SSHoya on Dec 16, 2023 5:44:36 GMT -5
No mention of Georgetown even though Copeland has covered the Hoyas. Theoretically, the flexible capacity could also serve the Hoyas but it presumes the continued economic viability of Cap One remaining open. If the Wizards and Capitals leave D.C., what’s next for the Mystics? John Thompson III, the senior vice president of Monumental Basketball, attempted to address those issues in an interview this week, explaining the plan is to renovate Capital One Arena and install flexible seating that can shift the arena’s capacity from 20,000 seats to 10,000 depending on the event. Thompson said the current capacity at Entertainment and Sports Arena is too small. “Fortunately, we have four or five years to figure it out. But I do agree that having an environment here where … the Wizards and the Mystics, literally all services are shared, has been and still will continue to be for the next four or five years an incredible experience. www.washingtonpost.com/sports/2023/12/16/where-will-the-mystics-play/
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SSHoya
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Post by SSHoya on Dec 16, 2023 6:42:11 GMT -5
Losing the NBA would be a stinging blow to Black D.C. All of which reminds that neither D.C. Mayor Muriel E. Bowser (D) nor the D.C. Council is without blame for what will be an absolute fiasco if Alexandria and the Virginia legislature approve. Bowser talked a lot about bringing the Washington football franchise back to the city but not nearly as much about retaining the basketball and hockey team, the Capitals. As D.C. Council member Charles Allen (D) argued last summer: “Investing in Capital One Arena instead of RFK makes sense. … Capital One Arena is active year-round and sits on top of one of the most connected metro stations in the country. It anchors two teams that play more than 80 home games a year, is home court for the Georgetown Hoyas and hosts concerts and special events, bringing more than 2 million people annually to the area for about 230 to 240 events a year.” www.washingtonpost.com/sports/2023/12/15/washington-dc-wizards-move-nba/
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hoyajmw
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Post by hoyajmw on Dec 16, 2023 8:28:15 GMT -5
Losing the NBA would be a stinging blow to Black D.C. All of which reminds that neither D.C. Mayor Muriel E. Bowser (D) nor the D.C. Council is without blame for what will be an absolute fiasco if Alexandria and the Virginia legislature approve. Bowser talked a lot about bringing the Washington football franchise back to the city but not nearly as much about retaining the basketball and hockey team, the Capitals. As D.C. Council member Charles Allen (D) argued last summer: “Investing in Capital One Arena instead of RFK makes sense. … Capital One Arena is active year-round and sits on top of one of the most connected metro stations in the country. It anchors two teams that play more than 80 home games a year, is home court for the Georgetown Hoyas and hosts concerts and special events, bringing more than 2 million people annually to the area for about 230 to 240 events a year.” www.washingtonpost.com/sports/2023/12/15/washington-dc-wizards-move-nba/For those without access to the article (on-line or otherwise), the hard copy this AM at least says --most pertinently on the location of our games if a new arena is built -- "A Georgetown spokeswoman said the school 'will monitor the situation.'"
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jpj
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Post by jpj on Dec 16, 2023 9:41:26 GMT -5
i hope this deal falls through as a resident of VA i would never vote to raise my taxes to fund a stadium for a billionaire
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TC
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Post by TC on Dec 16, 2023 9:55:04 GMT -5
We play in Alexandria at the new arena. That might not be an ideal option but if it’s the only reasonable option, we will do it. It would be bad for attendance and make it harder for people to attend from DC, of course, but that doesn’t mean we cannot do it. I don’t know why people are assuming that we wouldn’t be able to play in Alexandria. There are going to be many nights the arena is dark and why wouldn’t they take our money? I realize they don’t play every game there but if St. John’s can get dates at Madison Square Garden, I think we will be just fine if it comes to that. What if the rental fee goes up 25, 30 percent? Where is the money coming from for 2,924 announced customers? At some point, Georgetown can't foot that bill for such low returns. The one benefit of the move to Virginia is that it creates competition - there would be three different arenas (Cap One, Potomac Yard, ESA) that Georgetown could possibly use. I'm not saying we would want to end up at ESA, but if you are negotiating with different entities and not subject to a Monumental monopoly - your rent should not go up and you should end up with more favorable terms in terms of times if you can pit DC and Monumental against each other.
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CTHoya08
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Bring back Izzo!
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Post by CTHoya08 on Dec 16, 2023 10:29:15 GMT -5
For sure Astro, nobody ever smokes where they’re not allowed. That’s why it doesn’t smell around Gallery Pla … oh, wait … I was in town for the TCU game and thought the area looked better than it ever had. Christmas Bazaar, new restaurants and shops, general bustle going on. And parking was harder than it’s ever been, indicating that suburbanites are around patronizing local businesses. I didn’t spend a lot of time checking it out unfortunately but I had to do a bit of a loop to find parking and it sure seemed like people were around enjoying themselves. None of which matters to us - either Uncle Ted downsizes the joint and it’s perfect for the Hoyas, or he doesn’t. Sounds like III sees it going that way and he probably has better info than all of us combined. Or NoVA falls through and status quo prevails. What’s not going to happen is the Hoyas getting left out in the cold, so all ye wee Chicken Littles can tap that blunt and get ready to treat the Irish like Oliver Cromwell did. Ray Bastard that he was Well this post certainly took an unexpected turn.
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DanMcQ
Moderator
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Post by DanMcQ on Dec 16, 2023 11:41:06 GMT -5
We play in Alexandria at the new arena. That might not be an ideal option but if it’s the only reasonable option, we will do it. It would be bad for attendance and make it harder for people to attend from DC, of course, but that doesn’t mean we cannot do it. I don’t know why people are assuming that we wouldn’t be able to play in Alexandria. There are going to be many nights the arena is dark and why wouldn’t they take our money? I realize they don’t play every game there but if St. John’s can get dates at Madison Square Garden, I think we will be just fine if it comes to that. What if the rental fee goes up 25, 30 percent? Where is the money coming from for 2,924 announced customers? At some point, Georgetown can't foot that bill for such low returns. FWIW, St. John's has eight home games at MSG, three at UBS/Belmont Park and five games on campus. The related point not raised that comes to mind is that this ultimately is an opportunity for Georgetown to renegotiate the terms of the rental agreement. Perhaps a higher rental fee may allow for less “required” home games at the monumental site (or some other concession). Not all such discussion are necessarily take it or leave it.
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hoyaguy
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Post by hoyaguy on Dec 16, 2023 11:49:36 GMT -5
i hope this deal falls through as a resident of VA i would never vote to raise my taxes to fund a stadium for a billionaire Thankfully I am no longer in Va but that is a truly outrageous number. And thank goodness there are no budget cliffs, or underfunded aspects of life in VA which allows for this kind of spending to help out cash strapped Ted, oh wait...
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prhoya
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Post by prhoya on Dec 16, 2023 14:01:14 GMT -5
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Post by hoyasaxa2003 on Dec 16, 2023 15:15:08 GMT -5
We play in Alexandria at the new arena. That might not be an ideal option but if it’s the only reasonable option, we will do it. It would be bad for attendance and make it harder for people to attend from DC, of course, but that doesn’t mean we cannot do it. I don’t know why people are assuming that we wouldn’t be able to play in Alexandria. There are going to be many nights the arena is dark and why wouldn’t they take our money? I realize they don’t play every game there but if St. John’s can get dates at Madison Square Garden, I think we will be just fine if it comes to that. What if the rental fee goes up 25, 30 percent? Where is the money coming from for 2,924 announced customers? At some point, Georgetown can't foot that bill for such low returns. FWIW, St. John's has eight home games at MSG, three at UBS/Belmont Park and five games on campus. Then we play fewer games there and play Coppin State type games at McDonough (or a renovated McDonough but I won’t hold my breath). Or we suck it up and pay the increased rent. You ask where the money is coming from? The Georgetown budget. That’s where it comes from now. I find it hard to believe that the last several Ewing seasons with abysmal attendance overall have covered the cost of the rental. Hopefully, if Cooley turns things around, attendance will go up, and it’ll be “cheaper” for us. But in the meantime, Georgetown will just need to cover it. Keep in mind we are now (and for two more seasons) paying $4 million to Patrick Ewing. Any increased rent would be a small portion of that and by the time this becomes an issue we are no longer paying Ewing. I would love for Georgetown to be proactive and figure something more stable out, but does anybody seriously think they’re going to do this?
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xpathoya
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Post by xpathoya on Dec 16, 2023 22:04:53 GMT -5
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RusskyHoya
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Post by RusskyHoya on Dec 16, 2023 23:37:35 GMT -5
Well, definitely reads like it was written by a college student lol. Seriously, though, good on John for making the effort/turning his finals procrastination into something productive. Sure would be nice if the Post or the City Paper or WAMU or some real journalist (none of those to be found at The Hoya or The Voice anymore, natch) did some actual reporting on this topic and helped us turn some suppositions into facts.
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RusskyHoya
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Post by RusskyHoya on Dec 17, 2023 1:04:33 GMT -5
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DanMcQ
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Post by DanMcQ on Dec 17, 2023 5:57:39 GMT -5
Excellent quote: this encompasses everything from a major renovation to upper deck curtains.
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