Phoenix Rising plans MLS stadium, let’s not worry about cost or how it’ll be paid for

In the mood to read an entire article about a new stadium plan that never discusses how much it will cost or who will pay for it? Then Soccer Stadium Digest has you covered!

Phoenix Rising FC, once considered a dark horse in this race, is one of the only candidates facing none of the obstacles to stadium development that hampers other markets…

[blah blah blah]

Situated at the intersection of major Valley arterials Loop 101 and Loop 202, the complex is an easy drive from…

[blah blah blah]

In May, the club secured financing with Goldman Sachs, which recently structured both Banc of California Stadium in Los Angeles and Audi Field in Washington, DC.

[etc]

Okay, yes, Phoenix Rising FC has partnered with Goldman Sachs as “structuring agent” for its stadium plan, but that just means they’ll be the bank that they borrow stadium funds from. How much will a 25,000-seat stadium cost? Dunno. Who’ll pay for it? Team execs have previously said it won’t require “public funds,” but as we all know, there are lots of means of getting taxpayer subsidies that can be counted as not public funds. (Tax kickbacks, for starters.)

It’s entirely possible that Phoenix Rising is set to build a new stadium on its own — as Orlando City SC (mostly) did — in which case it’d be worth applauding. (As much as one should applaud a private business for doing what private businesses should do without trying to fob costs off onto the public.) But it appears that the USL club’s owners aren’t being very forthcoming about their cost or funding plans beyond “don’t worry about it,” and the Phoenix-area and soccer media isn’t pressing them on it, which, c’mon guys. It’s fine to be excited about a possible new MLS team, but try to remember to do your jobs while you’re at it.


16 comments on “Phoenix Rising plans MLS stadium, let’s not worry about cost or how it’ll be paid for

      • Yes, the existing arena is in Glendale, but both Gary Bettman, and Andrew Barroway restated, the Arizona Coyotes ‘cannot and will not remain in Glendale’

        http://www.foxsports.com/nhl/story/gary-bettman-arizona-coyotes-cannot-and-will-not-remain-in-glendale-030717

        Now, we have this press release from the Coyotes: Steve Patterson will lead team’s effort to secure a new arena in East Valley

        https://www.nhl.com/coyotes/news/patterson-is-clear-choice-to-be-coyotes-president–ceo/c-290434750

        • I like to picture Barroway punctuating that statement by stomping out the door and slamming it behind him. And then standing around outside the arena and hoping nobody noticed he didn’t have anywhere else to be.

    • Rising first.
      They’ve started before that it will be climate controlled. They have several renderings available online from different firm’s (HOKsport, etc).

      Coyotes are having trouble doing any sort of moving. NHL may not want to move franchise out of AZ but very few cities want to work with them. Let alone construct a new stadium that has been stated to require public funding. They also jumped the gun earlier in the year and said they had full approval, when there wasn’t any.

  1. Wouldn’t a Phoenix team, playing a summer schedule require a domed stadium? Sure it’s a “dry heat” but 116 degrees is still 116 degrees. And doesn’t the Cardinals domed stadium already have a grass field and and over 200 open dates? Just tarp the upper deck and boom, soccer stadium.

  2. Readers of this article, for pre-existing answer rendering the point of Mr. DeMause’s article above moot, please listen to the “Rising As One” Podcast interview. Note date of release.

    https://itunes.apple.com/us/podcast/rising-as-one/id1219827425?mt=2#episodeGuid=http%3A%2F%2Fwww.bgn.fm%2F%3Fp%3D56351

      • Found it:

        https://itunes.apple.com/us/podcast/rising-as-one/id1219827425?mt=2#

        The quote there from co-owner David Rappoport (at 51:00): “It is religion to not take public money, among the ownership group.” Again, promising, but I’m eager to hear more details of how this will pencil out, when other cities’ ownership groups (St. Louis, Cincinnati) are swearing up and down that they can’t afford to pay for a stadium and a $150 million expansion fee.

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