Phoenix Suns’ $230m arena renovation plans await city council vote

A proposed $230m (€202m) renovation deal that would keep the Phoenix Suns at Talking Stick Resort Arena will go to a vote from the city council next Wednesday.

The Suns signed a 40-year lease in 1992 at the downtown arena but had an option of opting out after 30 years if the building was considered dated or obsolete.

The NBA itself has been concerned about the building’s viability when compared to more modern arenas throughout the league and has pushed the city for years to improve the facility.

Under the proposed agreement, taxpayers would pay $150m for infrastructure renovation, leaving the Suns to pay around $80m to upgrade amenities inside and any costs over the $230m mark. Renovations would take place between 2019 and 2021.

If the renovation plan is approved, the Suns will pay an increased rent and the current lease, which expires in 2032, would be extended until 2037, with an option to stay until 2042.

Most recent

Browning has marred thousands of once-valuable autographed baseballs, with the precise cause of the damage still unknown. Dennis Tuttle examines the impact on the baseball collectibles market

Dead since 1995, the revered Hall of Famer still commands a lofty position among baseball memorabilia collectors

Callum McCarthy looks at the various ways in which lesser-known European host cities are benefiting from staging a variety of international esports competitions.

Adam Nelson reports on how the International Cricket Council revamped its broadcast coverage ahead of the 2019 Cricket World Cup, focusing on storytelling to attract new audiences and break digital engagement records