Former Arizona Coyotes owner facing Reno Arena Drama

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  • Опубліковано 30 лис 2024
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  • @brodiebrazil
    @brodiebrazil  Місяць тому +8

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  • @TechnoZen36
    @TechnoZen36 Місяць тому +98

    Alex Meruelo is a Con artist

    • @intentionaloffside8934
      @intentionaloffside8934 Місяць тому +5

      The Flim Flam man.

    • @markpeters5550
      @markpeters5550 Місяць тому +2

      John Fishers 5th cousin..?

    • @matthewkester3677
      @matthewkester3677 Місяць тому +15

      he's the reason the Coyotes are now in Utah

    • @darelboyer4215
      @darelboyer4215 Місяць тому +3

      Conman, yes. Not very artful about it, tbh.

    • @PCSPounder
      @PCSPounder Місяць тому +3

      @@darelboyer4215 This… a con artist would be theoretically successful. Meruelo is simply incompetent in the sports business.

  • @yodaisgod2
    @yodaisgod2 Місяць тому +52

    You don't get rich by spending your money. You get rich by spending OTHER people's money. In this case, tax payers dollars.
    The people of the city of Reno and county of Washoe, should NOT pay a single cent towards this project.
    The city needs more affordable housing, not luxury suites and hotel rooms.

    • @neeltheother2342
      @neeltheother2342 Місяць тому +1

      There is clearly a difference between generating revenue by people choosing your product (and you getting wealthy off that) and getting taxpayer dollars which was not the choice of the taxpayer. Also that first sentence is contradicted by the fact that Stan Kroenke and Bill Foley exist who didn't take any taxpayer dollars to fund their respective buildings.

    • @yodaisgod2
      @yodaisgod2 Місяць тому +3

      @@neeltheother2342 Kroenke married into wealth. Foley used other peoples money, and his own to build his wealth. Both used other people's money.

    • @reverend_wintondupree
      @reverend_wintondupree Місяць тому +2

      “I didn’t get rich by writing a lot of checks.” - Bill Gates

  • @wbj2000
    @wbj2000 Місяць тому +32

    I am completely NOT surprised. The NHL best move was to dump him out of the league.

  • @garyporter8153
    @garyporter8153 Місяць тому +19

    Always look forward to your videos. I grew up in Reno attended UNR and first of all there is nothing wrong with Lawlor where UNR plays hoops now...And they rarely come close to drawing 10K on a regular basis...Now as a longtime Glendale AZ and a Coyote fan my thoughts on this grifter are not suitable for print. Keep it up Brodie! Sorry about the A's. The drone video you did a few weeks back was excellent...All of the trips from Reno the see all of the Bay Area teams, the "Days on The Green", were flashing back with that one...Oakland Alameda County Coliseum was glorious ( before Mt. Davis)...B well.

    • @edwil111
      @edwil111 Місяць тому +4

      Lawlor needs some renovations. Agree its still fine. I go!

    • @brodiebrazil
      @brodiebrazil  Місяць тому +1

      thanks for the support gary!

  • @paulmezzetta6905
    @paulmezzetta6905 Місяць тому +68

    City of Reno, NV needs to investigate this project thoroughly. Alex Meruelo is more like John Fisher than not.

    • @PHN-2024
      @PHN-2024 Місяць тому +1

      @@paulmezzetta6905 Yes, Lieutenant Jim Dangle of the "RENO 911" Sheriff's Department could perform the investigation.

    • @PHN-2024
      @PHN-2024 Місяць тому +7

      “RENO 911” will be on the Case during Season 10.

  • @admirals818
    @admirals818 Місяць тому +40

    One guy trying to destroy 3 pro hockey teams - Arizona Coyotes, Tucson Roadrunners, and Tahoe Knight Monsters.

    • @toypathfinder1
      @toypathfinder1 Місяць тому +1

      How exactly would it hurt the tahoe team?

    • @admirals818
      @admirals818 Місяць тому +3

      @@toypathfinder1 If the Roadrunners move to Reno, could the market support both AHL and ECHL? They would only be 40 miles apart.

    • @Rick-C-117
      @Rick-C-117 Місяць тому

      @@admirals818I run 40 miles per day. I could make it to both games.

    • @AZ_sports_are_better
      @AZ_sports_are_better 3 дні тому +1

      ​@@admirals818 100%... It would totally fuck on Tahoe's team... That's the biggest oof. 😢
      He's legit out to kill like 4 teams in order to help only himself.
      Hopefully he doesn't get the new arena because Tahoe is such a cool tourist destination.

  • @JohnSteiner
    @JohnSteiner Місяць тому +16

    Dear Reno:
    Beware of anything and everything the Alex Meruelo or his son have ** anything ** to do with.
    Signed,
    A Former Coyotes Season Ticket Holder

  • @nfalls75
    @nfalls75 Місяць тому +41

    Let me caption the dude's picture in your thumbnail: "What's it going to take to get you to drive off the lot in this car today?"

    • @gabadiamond
      @gabadiamond Місяць тому +9

      such used car salesman vibes freal

    • @djtwreckz
      @djtwreckz Місяць тому +1

      Yup he has those slimey used car salesman outside of Military bases in a trailer vibe. He reminds me of the guys they had in the trailer. They always got you hooked with the attractive young woman out front. 😂 😂

    • @gabadiamond
      @gabadiamond Місяць тому +1

      @@djtwreckz in law school right now and these guys are a pandemic in this profession. worst people to work with

  • @pikemanadventure5269
    @pikemanadventure5269 Місяць тому +15

    Main focus -Mereulo is a joke.

  • @bryceleinan
    @bryceleinan Місяць тому +6

    I’m a native Nevadan and a graduate of the University of Nevada, Reno. The MGM Grand (now GSR) opened in 1978, with construction starting in 75-76, on the site of a former quarry. So, you basically have a 50 year old building at the GSR site. The area they’re building on to has been remodeled / expanded a couple of times, but the bones of the place are still old. In fact, there are still hidden MGM lion icons at the building, at least as of a couple of years ago.
    Lawlor is 41 years old, opened in 1983 (same year I was born). UNR doesn’t have the money for a new arena, let alone a major remodel of Lawlor. Lawlor doesn’t have the acoustics or infrastructure to handle major concerts anymore absent a significant renovation. I’m really not sure what the better option is at this point - get Lawlor renovated, or build at the GSR.

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому

      The best option would be to build a new arena in the area around the Reno event center but that idea was shut down a long time ago.

    • @bryceleinan
      @bryceleinan Місяць тому +1

      @@zacplayshockey1 - at one point, the Reno Events Center had a G League basketball team, I have no idea why they didn’t build it big enough to handle UNR basketball.

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому

      @@bryceleinan I think that had to do with the Reno Events Center being made for concerts and not sports I do not think the city ever wanted it to be more than a concert venue

  • @BigHermAZ
    @BigHermAZ Місяць тому +16

    This crum needs things I cannot say in a public forum. He personally cost me about $20K/yr income by effing AZ and moving the NHL franchise.

    • @mikecumbo7531
      @mikecumbo7531 Місяць тому +7

      Were you an usher/ security or stadium operators or TV technician? I know the now former TV director of the Coyotes. I feel for you folks.

  • @wittynclever
    @wittynclever Місяць тому +16

    "The project is expected to drive significant economic benefits........". Every single project like this is "expected to drive significant economic benefits", the problem is, they rarely actually do.

  • @cprtrain
    @cprtrain Місяць тому +10

    A con artist trying to scam the public.

  • @bubblemaniiired
    @bubblemaniiired Місяць тому

    Great story Brodie! Currently live in the Reno / Sparks area and worked for the Phoenix Coyotes / Glendale Arena back when it opened in 2003. I also met Alex when I had business at the GSR. While I don’t think he handled the Coyotes situation very well, what he has done with the GSR on totally redoing it amazing and one of the top resorts in the Reno area. It rivals many along the Vegas strip. I am surprised that I heard about the TIF since UNR president Sandavall did say no public money. I am hopeful this project will go through for everyone’s sake but cautious because of the loss of the Coyotes. Yes, he owns the Roadrunners and with the timeline of the Reno Arena and the lease of the Roadrunners at TCC (Tucson Convention Center ) ending at the same time (the TCC is not a hockey building at all) I’m not surprised that could happen. But I’m with you. The new South Lake Tahoe team in the brand new Tahoe Blue center is about an hour away and I believe they might be in the same league. With 2 new buildings and teams, I’m not sure if the area is ready, much less survive with 2 teams. This is a very fluid situation and excited to see what will happen.
    Oh, Reno is 2 hours from Sacramento and 4 to 5 hours (depending on traffic) from the Vay area. We get a ton of weekend visitors from those 2 places alone and the Reno / Sparks area has grow a lot in the last 10 years from those 2 places. It also helps when you have the Tesla affect about 40 min from GSR where many people are employed there (Reno Tahoe industrial center). And GSR is about 5 min from an expanding Reno Tahoe International Airport (yes more airport construction like everywhere else lol). So a lot of plus, but I know why (as well as I) can be Leary thanks to the Yotes demise. Crossing fingers this will go ok.

  • @redwingsfan713
    @redwingsfan713 Місяць тому +11

    With a new ECHL team starting in Lake Tahoe as of tomorrow, will it be viable to have a AHL team in the same general area? I would not trust Mereulo after he screwed the Coyotes out of Arizona

    • @djcaptchaos7674
      @djcaptchaos7674 Місяць тому +1

      They would more than likely cannibalize each other. Many of the fans that will be in Stateline, NV as I will be on Thursday are from down in the Valley (Reno, Carson, Minden/Garnderville). I do not believe these teams would be able to exist at the sametime, along with the Sr. A - Ice Raiders that get over 600 every game.

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому

      In an ideal world Reno and Tahoe would both have ECHL teams with neither playing home games on the same nights and both selling out each others venues when they play. Their would also be teams in Sacramento and Stockton and San Francisco but reality is whole different beast. Their are already plenty of teams that are that close. It would come down to if Tahoe could support itself without the Reno market. I think having teams close by is a good thing as it allows fans to travel brining in more revenue through ticket sales. In the west there needs to be more teams within two hours of each other. Five or more hours between teams is unreasonable. If there was an ECHL team in Sacramento, both Tahoe and Sacramento could count on a 200-500 away fans. With the way the ECHL schedule is Reno would play Tahoe twelve times. That would almost guarantee six sellouts for both teams which is a lot in the ECHL.

  • @andiiramii2775
    @andiiramii2775 Місяць тому +4

    That would be cool to see my Ontario Reign play some games in Reno. Reno has some great micro breweries and having a AHL team up there would make it even better

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому +1

      Growing up in Bakersfield I was crushed that there was no hockey in Reno but I would love an AHL team to see the Condors or Reign up here and to travel to all of the west coast teams for games. When we had Reno 1868 FC us fans used to travel all over the west.

    • @andiiramii2775
      @andiiramii2775 Місяць тому +1

      @@zacplayshockey1 I was a Sac Republic season ticket holder until 2020 and Reno 1868 would always come with a lot of traveling supports. I miss them in the league it took away an excuse to head to beautiful Reno when they left. I hope Reno gets a soccer team back

  • @IceyinfiniteOfficial
    @IceyinfiniteOfficial Місяць тому +3

    I’ve stayed at the gsr it’s nice there would recommend to stay there

  • @Lucky2000Zx
    @Lucky2000Zx Місяць тому +12

    As an avid Alex Murello hater, I am humbled 🥰

  • @zacplayshockey1
    @zacplayshockey1 Місяць тому +2

    People in Reno are still upset that the Raiders Las Vegas stadium was built partially with their tax dollars. I don't know about Taylor Swift but Reno can sell out 10,000 for events. The Wolf Pack averaged over 8,000 in attendance for men's basketball last season. People are also very willing to travel in the Reno Tahoe region. A lot of the Tahoe Knight Monsters season ticket holders are from Reno. Compared to other metro areas Reno Tahoe is close. Carson City, Fernley, Fallon, Truckee, and Tahoe are all within driving distance to Reno. At Reno Ice adult hockey players come from all the way from Tahoe, Truckee, Fallon, and Carson City. A 10,000 capacity arena is around what the Wolf Pack currently have. There are other venues in Reno around 10,000 capacity. A 10,000 capacity arena is roughly what other cities with similar metro areas have. Another tower would put the GSR closer to what the Row and downtown Reno offer.

  • @DerekDominoes
    @DerekDominoes Місяць тому +25

    I live in Reno and this area is definitely not dying to be developed. If the voters have any say (doubtful) this request will be denied.

    • @brodiebrazil
      @brodiebrazil  Місяць тому +6

      thanks for the firsthand input. that was my point about certain areas being worthy of a TIF... others maybe not so much

    • @DerekDominoes
      @DerekDominoes Місяць тому +6

      @@brodiebrazil Our local politicians tend to approve whatever developers want. I won't go into why but it's not hard to guess.

    • @edwil111
      @edwil111 Місяць тому +3

      I also live in Reno. I concur. They'd lose a public vote.

    • @rthrower21
      @rthrower21 Місяць тому

      I'm also in Reno and don't necessarily agree that this area doesn't need to be developed. The current arena on campus seats 12,000 people. They sell out their basketball games and contend in March Madness almost on a yearly basis as of late. Having a state of the art arena for the fans would be a plus. The current Grand Sierra Resort Theater only seats 2,995 people. They do have concerts there, but would be able to attract some larger acts with the new arena. There are quite a few hockey fans here as well being that we are so close to the snow. They built the Reno Ice Rink in the Southern part of town because locals were sick of traveling to Truckee and South Lake Tahoe for rec hockey. That rink would be used as practice ice for a minor league team since they need different facilities for games apparently. I've lived in Reno since 1995 so I've seen the growth. Reno has grown tremendously since Covid and I'm not sure we aren't hungry for some larger venues.
      But where I will agree with you all is that it's hard to see people wanting tax dollars spent on an arena. When the billionaire owner of one of the largest casino floors in NV wants public funds it doesn't sit well with people.

    • @runningguy98
      @runningguy98 Місяць тому +1

      ​@@brodiebrazilTIF at GSR could work. Nevada never abolished redevelopment the way California did. Brian Sandoval is the former two-tern Governor of Nevada--he knew what he was saying--it was a subtle dig at Southern NV from a Northern NV politician. The ones to watch are City Councilman Devon Reese and former Lt. Gov. Kate Marshall, both would-be Mayors. There are areas around GSR (past the Walmart) that definitely are ripe for redevelopment.

  • @rp26-oc8di
    @rp26-oc8di Місяць тому +3

    UNR basketball draws pretty well at their current venue Lawlor Events Center on campus (capacity 11.5K). Doesn't seem unreasonable they would continue to have good crowds at a new venue also. I get what your saying about the financing though. Seems there's always a catch.
    On another note...I've noticed you haven't engaged any Athletics news of late. The new release of drawings for the Bally's resort and the grass saga in Sacramento have been in the news lately. I was hoping you might get some input on the grass situation from the groundskeeper from Oakland you just interviewed. Understandable if you taking a break from A's stuff for a while. Enjoying the other content your doing.

  • @machinesofgod
    @machinesofgod Місяць тому +10

    Wow does Nevada seem to be the place for sports barons to demand public money and they'll willingly give it. First the Raiders, then the A's, and now this. Have they learned nothing?

    • @mikecumbo7531
      @mikecumbo7531 Місяць тому +3

      I guess someone there thinks the casinos generate endless tax revenue, so they can toss money around.

    • @jeandelisi9441
      @jeandelisi9441 Місяць тому +3

      From what I have read I am skeptical that the A's will be in Vegas

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому +2

      This is not about what Nevadans want. It is about what the government is willing to do. The GSR has put money into the pockets of a lot of people. The Raiders got the money because Las Vegas can outvote the rest of the state but making people in Reno pay for something in Las Vegas would be like making people in San Francisco play for something in Los Angeles. Reno tax dollars helped build a stadium seven hours away, that cost hundreds to get into.

    • @jasonaltig985
      @jasonaltig985 Місяць тому +1

      That is not specific to Nevada.

  • @robcohen5585
    @robcohen5585 Місяць тому +1

    Unless your name is Steve Ballmer arenas and stadium developers are going to ask for some form of public participation for their projects. Sports facilities are expensive to build and maintain and most likely rarely show a profit as they usually sit idle even if you have one or two tenants. Even with concerts and other events the costs are enormous. In a lot of cases the arenas are owned by a public entity as developers don't want to keep pouring money in for major repairs and have to pay property taxes. Developers are good at using "other peoples' money".

  • @SingleatChurch
    @SingleatChurch Місяць тому +3

    How would this effect the ECHL team down in Lake Tahoe?

    • @admirals818
      @admirals818 Місяць тому

      I don't think that market could support two pro hockey teams.

    • @brodiebrazil
      @brodiebrazil  Місяць тому

      it's not exactly right around the corner, but it's probably not great considering a small market

  • @KalvinW-f3z
    @KalvinW-f3z Місяць тому +2

    The Scottsdale area renderings were absolute junk. As I've stated before, I am a city planner. There was no parking in those plans whatsoever and no public transportation to the area. The Meruelo family are crooks

  • @georgehand
    @georgehand Місяць тому +1

    It’s already bad that Arizona lost one team and now the person responsible is deliberately trying to get rid of another one!!!!

  • @1p4g
    @1p4g Місяць тому +16

    Reno I doubt would support hockey

    • @edwil111
      @edwil111 Місяць тому +7

      theres a brand new ECHL team up in Stateline, first week! The Tahoe Lake Monsters. Reno supports AAA baseball ok.

    • @djcaptchaos7674
      @djcaptchaos7674 Місяць тому +3

      We would sell out that arena for hockey in the short term and if they are successful the long term. The Barracuda and Silver Knights were to be here before; however, the City didn't want to utilize money to retrofit the Event Center downtown, which would have been A LOT less than what is going to be asked for here.

    • @KWally
      @KWally Місяць тому +2

      ​@@edwil11110,000 is too much for the AHL on a nightly basis other than a couple of the Canadian teams.

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому +2

      lol we are a thriving winter sports destination. Tahoe is getting a pro hockey team and has a junior team. Reno has a thriving youth hockey culture. The Reno Ice Raiders (Senior A) sell out at roughly 1,000 people a game at $30 a ticket. The Nevada Wolf Pack have started an ice hockey club. The Adult League at Reno Ice has a waiting list for teams and players to join. My adult hockey team has had games with over 500 fans in attendance while not being in the top level. We consistently get over 100 people to watch our games. Reno could become the top destination for minor league hockey in the country. The people want it but there has not been an arena for it.

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому +1

      @@KWally Not true. Only one Canadian AHL team was in the top ten in average attendance in the AHL last season. The Cleveland Monsters, Hershey Bears, Chicago Wolves, and Coachella Valley Firebirds all averaged between 8,800 and 10,300. All of those teams were based in the United States. Only two Canadian teams averaged over 5,000 fans a game last season.

  • @TheSonicsean
    @TheSonicsean Місяць тому +1

    Notwithstanding Meruelo not wanting to put his own money (or borrow it) into the arena, I could see a 10k arena being ok. It's not NBA/NHL sized, those are usually around 20k, but it would be right in line with an AHL arena, and could attract concerts that want to hit up somewhere between northern California and Vegas. Not Taylor Swift, she won't play anywhere smaller than an NFL venue for the next decade or so.
    Of course, Alex just got a billion dollars, and he still has assets that could be leveraged to borrow the funds for the arena himself, he just decided to try not to.

  • @toddgelineau6536
    @toddgelineau6536 Місяць тому +1

    The American Hockey League better have a backbone and deny any request to relocate the Road Runners to NV

  • @KWally
    @KWally Місяць тому +1

    I wonder if the NHL owners can force him out of his AHL team. Not sure how the structure of the AHL is after the NHL bought most of the teams.

  • @esawko
    @esawko Місяць тому +1

    Not just university president but former governor Brian Sandoval. Should have had a clearer understanding before he said that in a press conference

  • @mikedonnelly18
    @mikedonnelly18 Місяць тому

    I lived in Reno several years and absolutely loved it. Reno has a lot going for it...Tahoe is close by...Hiking and outdoors in Northern California...no state income tax and Reno does not try to compete with Vegas. I hope Reno gets this !

    • @AH-cx5bs
      @AH-cx5bs Місяць тому +1

      If a city's biggest selling point is there is another town nearby and that it has outdoor activities, then usually it means the place blows. Outdoor activities can be done almost anywhere and everywhere. I lived in Reno for 4 years, and it had low paying jobs even at a professional career with a high cost of housing. I moved back to California and earned double my salary for the same job. Lastly, there is a feeling that people are angry/unhappy in Reno, with all the aggressive drivers and attitude, which is probably from economic struggles. Tesla swindled the area with their tax-free gigafactory and recent mass layoffs.

  • @kevinvonderscher3971
    @kevinvonderscher3971 Місяць тому +2

    I live in Phoenix & have watched Alex Meruelo & his sleazy business dealings. He’s a grifter & is only interested in controlling real estate that is adjacent to any new venue. Has no interest in sports & is only interested in lining his pockets-preferably with public funding- NOT his own.

  • @etrent2829
    @etrent2829 Місяць тому

    I'm wondering if a 10k seat arena may be big enough for Reno... Brodie mentioned that UNR basketball is already drawing 11 thousand, think they would want room to grow. Also, the arena might not have ENOUGH seats for AHL hockey... I'm in Palm Springs, and our new arena is drawing near 10 thousand per night for our third year AHL team (Coachella Valley Firebirds).. and that's with a similar population base to the Reno metro (nearly 500,000 in Reno-Sparks area). And pretty confident that Acrisure Arena did not cost a billion dollars; original estimates put building the Acrisure at $250m.

  • @afrotastic06
    @afrotastic06 Місяць тому +1

    Well wouldn’t that suck if the Roadrunners go to Reno. First the Sidewinders become Aces and now THIS!

  • @edwil111
    @edwil111 Місяць тому +5

    the GSR owner never said any public money. Now he's hedging. I live in Reno and hope they tell him to fark off and have UNR renovate their existing 40 year old basketball venue (which is on campus) and which is just structurally fine and just needs some renovations. (Lawlor arena).Thanks for covering us Brodie!

    • @zacplayshockey1
      @zacplayshockey1 Місяць тому

      Lawlor is great but I heard they were not allowed to expand, or replace it (which they would need to do for any renovations because of how it was built) because of the planetarium.

  • @Troltech
    @Troltech Місяць тому +2

    LoL at the people who thought a billionaire was paying for anything he can get you to pay for.

  • @jihoffman27
    @jihoffman27 Місяць тому

    Meruelo doesn’t have $1B of liquid cash from the Coyotes sale. Yes, the NHL paid him $1B. But there was also debt on the team he had to pay off (I believe $150-$200MM). He also had to pay taxes on the capital gains of that $1B. Optimistically, he could’ve ended up with $600-$650MM form the sale of the Coyotes. Obviously he has other liquid cash available but who knows how much.
    Also, arena projects like this are never paid for completely in equity of the owner. There is going to be private construction debt and various other private loans made to the owner that will be paid back through the cash flow of the arena. Those aren’t considered public funds but they’re a part of the capital structure of every major development project like this. My guess is that the out of pocket cash equity amount of the total $1B capital cost would be less than $500MM, and it’s probably less than $400MM.
    None of that is to say that Reno should be providing public financing for the arena. I don’t know if they should or not. But it’s far from as simple as Meruelo getting $1B from the NHL and then turning around and investing all of that cash in the arena.

  • @chrismeyer2557
    @chrismeyer2557 Місяць тому

    Nevada basketball does get 80% turnout in its current nearly 12k seat stadium so for those games it could work. I have no idea how the minor league hockey would draw though. I’d be shocked if the hotel tower gets built as the GSR rarely fills up its current hotel tower. Thanks for covering this story!

  • @KevinLacy22
    @KevinLacy22 Місяць тому

    Funny enough, I was telling my friends during a visit to Reno in July about this whole thing and how I fully expect it to be yet another failed Alex Meruelo arena project. Reno was expected to get a new arena for an ECHL expansion team 5-7 years ago and that still hasn't happened. Long before there was ever consideration for Tahoe. If it didn't happen then, that arena isn't coming now with this guy.

  • @silvermineband2719
    @silvermineband2719 Місяць тому +13

    Note to Nevada; be wary of partnering with Alex Mereulo.
    That said, if this gets built and they don’t name it “The Nevada A-Reno” then they will have squandered a golden opportunity. Cornball sells!

    • @jasonaltig985
      @jasonaltig985 Місяць тому +1

      And that is definitely cornball.

  • @Qrail
    @Qrail Місяць тому

    Reno isn’t Las Vegas, that is why it is plausible that this arena could fly.
    At one time in the distant past, Reno booked a lot of conventions. I wouldn’t vote against this plan for GSR. I hope it works for them. (I lived in Reno for 10+ years, so I might be biased)

  • @scottj4249
    @scottj4249 Місяць тому +4

    How do we know that he has $1B liquid? I'm sure he was probable heavily leveraged with the 'Yotes so what he walked away with was probably much, much less. And this new venture in Reno may only make sense financially up to a point, and maybe not if he puts in all the money himself. i.e. it's not a straightforward as is presented here.

    • @gordonronco
      @gordonronco Місяць тому

      I thought part of the thing with the buyout that the organization had somewhere around $300-400k in unpaid debts, which was why there was initial skepticism (beyond the property angle) that he wouldn't go through with an expansion. He definitely didn't pocket $1b after it was all said and done, but not sure what his liquid assets are.

    • @brodiebrazil
      @brodiebrazil  Місяць тому +2

      selling the coyotes this year for $1b is an instant influx of $1b, or at least that much credit alone. aside from previous assets or income.

    • @scottj4249
      @scottj4249 Місяць тому

      @@brodiebrazil I get what you are saying, but I think that's a drastic over simplification of the situation. Just because a lender will give you XX amount of money for one project doesn't mean they will give you the same amount for another.

    • @hiphophamop4853
      @hiphophamop4853 Місяць тому +1

      He has to pay capital gains tax on his billion so "take home" is less than that.

    • @dustylover100
      @dustylover100 7 днів тому

      And how much money has he lost since the Coyotes sale? And I'm really surprised that he got $1 billion out of a struggling team.

  • @IceyinfiniteOfficial
    @IceyinfiniteOfficial Місяць тому +1

    Fun fact the gsr used to be a mgm grand

  • @williamford9564
    @williamford9564 Місяць тому

    9:31: He did not walk away with $1 billion. He borrowed money to buy the team. The terms with any lenders would have required that the debt be repaid upon any sale. The team also the large losses while he owned it ( one news story in June said it was $40-60 million a year) , so may have borrowed more later. Plus he had to pay capital gains taxes on the difference between the $425 million he bought the team for and $1 billion.

    • @CutterAz
      @CutterAz Місяць тому

      You make it sound like he didn't get paid. He got paid. His possible debts and tax liability isn't anywhere what your crying heart believes.

  • @AndrewSmith-p3w
    @AndrewSmith-p3w Місяць тому

    Maybe they're trying to get more college basketball tournaments there? MW or other pre-conference play. But yeah, seems a little suspect that first it seems like it's not going to have public funding, then now it does? 🤔 I live in Reno, and it's getting bigger, but not sure how much funding should be given to this project.

  • @kj6446
    @kj6446 Місяць тому +1

    Plus it looks especially bad considering he got 1 billion for a franchise that was only valued at 500 million, so he's swimming in unearned profit.

  • @Chudley716
    @Chudley716 Місяць тому +1

    What is an AHL team really going to do for Reno?

  • @PHN-2024
    @PHN-2024 Місяць тому +2

    Brodie must Not understand that being Paid $1B for the Coyote Hockey Team Doesn’t Mean He Netted a $1B. The IRS wouldn’t Allow that to Happened unless He doesn’t mind Federal Prison time for Tax Invasion.

    • @brodiebrazil
      @brodiebrazil  Місяць тому

      he also doesn't need $1B cash right now to fund a $1B project over 30 years on a loan...

    • @PHN-2024
      @PHN-2024 Місяць тому +2

      @@brodiebrazil But You Kept Saying as if He Netted "A Billion" Dollars from the Sale of the Coyotes to the NHL Implying that He had All the Funding Required for His "Billion" Dollar RENO Arena Project.

    • @brodiebrazil
      @brodiebrazil  Місяць тому

      @@PHN-2024 he grossed it... for sure... netted enough to finance $1b on the other side

    • @PHN-2024
      @PHN-2024 Місяць тому +1

      @@brodiebrazil You think Financing won’t Cost Him Anything? Asking for Tax Revenue Credits will Assist in Off-Setting these Expenses.

  • @geoff3103
    @geoff3103 Місяць тому

    LOL Reno/Tahoe area is a Double-A market at best. They shouldn't waste an AHL team for an area that small. This thinking is one major factor on why the NHL has had lower TV ratings in recent years. That and doubling up AHL and NHL markets. Doing that deprives another big market of top-caliber hockey,

  • @aegisofhonor
    @aegisofhonor 25 днів тому

    Reno should say no

  • @bartphlegar8212
    @bartphlegar8212 Місяць тому

    Surprise, surprise... 😒...A billion dollar arena is pretty outrageous for a college facility, let alone an AHL team. Yeah, it'll stay busy, but not selling $100 tickets. And the impression that I get is that a lot of that money will be spent on casinos and brass plated shops for fru fru retail. And one more observation. If Meruelo walked with a billion cash from the Coyotes sale, what does it say about his confidence level in this GSR on steroids project that he won't even use that gift for failure as collateral against a 20- or 30-year loan which this TIF is all predicated for?...I lived in Reno about five years back. That GSR ain't the The Strip. That whole area between GSR and the Walmart on 2nd, and between Kietzke and the river is pretty blighted at this point. If UNR needs an arena that glitzy, that badly, let them dip into their endowment. I'm hoping for a public backlash on this one...Leave the Roadrunners in Tucson, Meruelo. You've done enough damage down there...

  • @lovejoyb20
    @lovejoyb20 Місяць тому

    Devil's advocate to the whole public funding argument: If the new arena is going to be the home arena for the University of Nevada Reno (a PUBLIC university) basketball team, it should at least partially be funded using PUBLIC funds. Where does the funding come from if the university builds an arena of their own?

  • @chipwhitley6509
    @chipwhitley6509 Місяць тому +1

    Stadiums, imo, should not be taxpayer funded unless the taxpayers get some of the profit/benefits

  • @shannonsullivan1968
    @shannonsullivan1968 Місяць тому

    I wouldn’t trust anything Alex M. says.

  • @timhearden3449
    @timhearden3449 Місяць тому

    By the time this thing gets built, TS might be has-been enough to play in Reno.

  • @kingmo8789
    @kingmo8789 Місяць тому

    I'm not all that surprised by this.

  • @matthewkester3677
    @matthewkester3677 Місяць тому

    Reno is the #103 market size, lotta money for a smaller market

  • @memestillidie
    @memestillidie Місяць тому

    Arizona is losing the Roadrunners too? And wow a lot of salty Arizona people in the comments, Reno could absolutely support the team.

  • @Combatant5
    @Combatant5 Місяць тому

    Let's not forget ol' Alex didn't get that check for a billion dollars and get to keep it. I'm sure the state of Arizona took a pretty good chunk out of it in sales tax.

  • @djcaptchaos7674
    @djcaptchaos7674 Місяць тому

    This would have been a GRAND plan if it were to take place prior to covid. I'm highly doubting this low $1 billion estimate for the entire project and I believe they only want $97 mil in TIF...that'll go up as well. But, with TKM taking the ice 10/24 and though i give that at least 2 seasons; unless they draw well a Reno AHL team would cannibalize all the TKM fans. No need to drive up the hill for 3rd division hockey when we'd have 2nd division hockey...but wait...would Utah want to maintain an affiliation for AHL in Reno or would they want the Grizzles to become the AHL affiliate and be within miles of the parent club. We wouldn't have 2 ECHL teams in the area, so there is where another wrinkle comes in.
    I think this would be an amazing thing for Reno, if it was all entirely privately funded, but not with public money. We still need to shoot down the State Bonds funding the A's stadium.

  • @jerryharris6342
    @jerryharris6342 Місяць тому +1

    Taylor Swift will perform there, but it'll be 20 years from now when she's in her old and fat late stage Elvis phase. They'll have a special section for her fans to come with with their cats.

  • @brenthonn-r9w
    @brenthonn-r9w Місяць тому

    the roadrunners team is owned by AMhole but hot the players. I can not see utah not starting their own AHL team for their players, coaches, developmental ways etc, the major/minor league system works when both have same agenda, having different owners is going to cause headaches for the NHL team. If utah does start own affiliate AHL then roadrunners/reno has no players and cant see an unaffliated team making sense.

  • @Hogtownboy1
    @Hogtownboy1 Місяць тому +1

    Deep dive. That you Mr Brazil

  • @flatpat2988
    @flatpat2988 Місяць тому

    I’m guessing the T.I.F issue will be decided by the city council and not a referendum on the ballot. I cannot see conservative Reno voting for this. If you can’t come in the front door then try the back I suppose

  • @jrc-12
    @jrc-12 13 днів тому

    But that could work for the future final four

  • @jrc-12
    @jrc-12 13 днів тому

    Or more

  • @semaphorephoto
    @semaphorephoto Місяць тому

    Mereulo seems like a pretty bad businessman. He bought the local classic rock station here in LA some time ago and recently decided to fire the two beloved afternoon drive hosts (who themselves had been fired by another formerly beloved rock station until that was bought out by a conglomerate). Apparently he has a manager at the classic rock station who somehow doesn't know who Roger Waters is? But he runs a classic rock station? Bunch of clowns.

  • @zinith4524
    @zinith4524 12 днів тому

    Reno local here. That looks hideous

  • @brianaltig8616
    @brianaltig8616 Місяць тому

    Alex a con, but he didn’t keep a billion from NHL still taxes on that. No owner or business guys pays for it alone anymore

  • @Dra69420
    @Dra69420 Місяць тому +3

    I don't care he f'ed over Arizona hokey not just the coyotes but also the youth programs here in Arizona skipping this one ngl

  • @TessieLangford
    @TessieLangford Місяць тому +1

    Like to see P-POP Group Girl Bini or K-Pop Group Unis sing at the new Reno Arena @ Grand Sierra Resort. Bini is a eight member girl group from the 🇵🇭 .

  • @pattydinero6292
    @pattydinero6292 5 днів тому

    This is a ridiculous plan. Rich getting richer, and then have the NERVE to ask the poor/middle class for money. You are RICH. Use YOUR MONEY, or DON'T DO IT.

  • @radiofrazer
    @radiofrazer 6 днів тому

    Sadly, this is the method of business for sports team owners these days. Get the taxpayers to pay and owners pocket the profits.

  • @letsgowalk
    @letsgowalk Місяць тому +3

    This reminds me of George Bush.
    "Read my lips! No new taxes!"

  • @zch7491
    @zch7491 Місяць тому +5

    The biggest little city in the world 🌎

  • @jrc-12
    @jrc-12 13 днів тому

    But that gonna take 60 miles

  • @MrWphilips
    @MrWphilips Місяць тому

    If this gentleman wants this badly enough then he should put his own money and accept the full risk! The taxpayers are entitled to a say about providing any money to a billionaire!

  • @cmkustom4270
    @cmkustom4270 Місяць тому

    It will never work in Reno 😂GSR has been trying to update for the last 15years with different projects

  • @therodfather916
    @therodfather916 Місяць тому +5

    In a few years Vegas taxpayers may have to dig in their wallets to pay for Allegiant Stadium. Based on the history of sports franchises. If a team is losing, fewer fans go to ganes. Ask Oakland fans, theyve had two teams.

  • @bobmansfield5803
    @bobmansfield5803 Місяць тому

    Damn….
    Meruelo and Fisher cut from the same mold??
    Both looking for free money….
    Potential partners in Vegas??

  • @rocksmith3796
    @rocksmith3796 Місяць тому +3

    Imagine corrupt billionaire$ demonizing a corrupt billionaire!! .... Lmfao

  • @robbyel3958
    @robbyel3958 27 днів тому

    So basically the NHL rewarded Meurelo's failure in Arizona with a check for $1B. I'm in the wrong business.

  • @bostonwarrior4824
    @bostonwarrior4824 Місяць тому

    So he basically was planning on using the money he got from the NHL and, pouring it into this project in Reno but, now he’s probably being a cheapskate and wants to be a little worm and try and get every inch of the dollar out from the city officials in Reno, so his lazy butt will have more money to himself, what a terrible businessman.

  • @pauldavis1943
    @pauldavis1943 Місяць тому +3

    It is stunning that billionaires can make this kind of pitch with a straight face

  • @FaZehyped12
    @FaZehyped12 Місяць тому +1

    I still think this world series is rigged . Weather or it's with or without my team .
    I just think this world series this year seem a little rigged . Especially with a documentary suspposed to happen. . If I had to choose a team to win or bet against it would be yankees for the win
    Whoops wrong video I comment on but still.

  • @StephenAlexWalker
    @StephenAlexWalker Місяць тому +4

    First for a Brodie vid 💪

  • @sportsMike87
    @sportsMike87 Місяць тому

    He’s a clown. He should be banned from owning any professional team

  • @timbro1
    @timbro1 Місяць тому

    He's a grifter through and through

  • @rafa_v1.0
    @rafa_v1.0 Місяць тому

    Jezz dude you're name should be Brodie Karen Brazil! You complain about everything

  • @danielbrazeau1680
    @danielbrazeau1680 Місяць тому

    What a joke!!!!!

  • @stevejones6247
    @stevejones6247 Місяць тому +1

    he is a slime ball

  • @tommycargile8801
    @tommycargile8801 Місяць тому

    Wow as a Reno resident we are opposed to the arena but I did not realize he owned the GSR

  • @tooterfishTV
    @tooterfishTV Місяць тому +2

    I have respect for this guy, he largely built his own billion dollar empire. I just have to wonder now if he's over extended. I mean, he owns a lot of stuff. He forfeited the Coyotes on what seems to me to be some petty differences with the state's land department. Disputes that I have to assume could have been worked through. And he just took a check and sailed off into the sunset? If he's really making good investments he wouldn't need to lean on public support so much, right? Sounds like desperation to me but I can barely afford video games, let alone a bunch of casino's, so maybe he's in the right.

    • @AndyGeetar
      @AndyGeetar Місяць тому +5

      The more you look into him, the less you will respect him. He's more of a bully than a smart businessman, has a long history of not paying what he owed (especially with the Coyotes), and made a point to burn bridges rather than build them. He's an absolute snake.

    • @tooterfishTV
      @tooterfishTV Місяць тому +3

      @@AndyGeetar Admittedly I only know what I hear in the youtubes and on wikipedia, so not much. Still seems like he's riding on a thin black line on the balance sheets though if he's having to act that way is all I'm saying. Seems like the last person I would want to work a billion dollar deal with that's for sure. Too many red flags.

    • @djcaptchaos7674
      @djcaptchaos7674 Місяць тому

      @@AndyGeetar well, he's just an extra special guy personally as well. I have friends that work at the GSR that'll tell you how weird he can be. But, he does own the place so its his own personal toy.

  • @ryanknapp1062
    @ryanknapp1062 Місяць тому

    Taylor ain't welcome in Reno. This is Trump County

    • @garyhall6294
      @garyhall6294 Місяць тому

      Yeah, they have a Federal prison right over in Herlong waiting for him.