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The NBA’s next big cash grab: Taking over your downtown 13 Nov 2018

Check out this image we took walking around LA Live and The Staples Center.

staples center tickets

The Warriors and their megaplex in San Francisco, the remaking of the North Station neighborhood in Boston surrounding TD Garden, activity in Orlando, the Milwaukee Bucks new digs, the Sacramento Kings in the luxury condo business . . . . . .  the trend is clear that NBA franchises are getting more deeply involved with the urban core neighborhoods and into other lines of business such as real estate.  Nice article below from ESPN looking at this trend.

Do you want a new condo with those courtside tickets Sir?

ON A GRAY , misty April afternoon in San Francisco, Golden State Warriors CEO Rick Welts stands atop a parking garage overlooking the massive cavity that, in just over one year’s time, will house the three-time NBA champions. “I could come down here every day,” Welts says, holding an […]

That’s why the Warriors, along with a number of other NBA franchises, are looking to tech giants, million-dollar condos and buzzy restaurants to offset the construction of new facilities, as well as the price of running a team in a league whose salary cap and infrastructural budgets are ballooning. Although the league’s profitable broadcast deal that expires in 2025 helps cover much of those expenditures, there’s no certainty that the next contract will be as lucrative as this one.

To compensate for the move and their exorbitant luxury tax bills, the Warriors sold off 45 percent of this San Francisco project to the ride-share company, as well as 10 percent to Alexandria Real Estate equities, a development company that’s been active in the area. The Warriors then retained 45 percent ownership of that office space. Consequently, the most successful basketball team in the world will be collecting hefty rent checks for the foreseeable future from one of the most successful tech behemoths in the world.

Forty of the 45 units that cohabitate a newly constructed Kimpton boutique hotel have been purchased, including a 1,370-square-foot two-bedroom on the 14th floor in June for more than $1 million, according to public records. On a square-foot basis, this is one of the most expensive residential properties ever sold in California’s capital. And on the receiving end of that sales contract is a holding company that belongs to the NBA team playing just across David J. Stern Walk at Golden 1 Center.

In addition to player payroll, which a few years ago crossed $100 million annually among most teams and continues to climb, teams over the past decade have been engaged in arms races to brandish the glitziest training facilities, the most sophisticated medical and performance programs and the deepest analytics departments.

That’s why the Hawks are partnering with CIM Group on a proposed $5 billion, 12 million-square-foot, multiuse project that Koonin characterizes as an LA Live for Atlanta. A Hawks holding company would be a significant minority partner with an approximate share of between 30 and 40 percent. If the development is successful in its booming urban market, a franchise that has consistently finished in the red during its 50-year existence could handsomely balance the books with its investment.

Click here to view original web page at www.espn.com

Check out this image we took walking around LA Live and The Staples Center. staples center tickets The Warriors and their megaplex in San Francisco, the remaking of the North Station neighborhood in Boston surrounding TD Garden, activity in Orlando, the Milwaukee Bucks new digs, the Sacramento Kings in the luxury condo business . . . . . .  the trend is clear that NBA franchises are getting more deeply involved with the urban core neighborhoods and into other lines of business such as real estate.  Nice article below from ESPN looking at this trend. Do you want a new condo with those courtside tickets Sir?
ON A GRAY , misty April afternoon in San Francisco, Golden State Warriors CEO Rick Welts stands atop a parking garage overlooking the massive cavity that, in just over one year’s time, will house the three-time NBA champions. “I could come down here every day,” Welts says, holding an […] That’s why the Warriors, along with a number of other NBA franchises, are looking to tech giants, million-dollar condos and buzzy restaurants to offset the construction of new facilities, as well as the price of running a team in a league whose salary cap and infrastructural budgets are ballooning. Although the league’s profitable broadcast deal that expires in 2025 helps cover much of those expenditures, there’s no certainty that the next contract will be as lucrative as this one. To compensate for the move and their exorbitant luxury tax bills, the Warriors sold off 45 percent of this San Francisco project to the ride-share company, as well as 10 percent to Alexandria Real Estate equities, a development company that’s been active in the area. The Warriors then retained 45 percent ownership of that office space. Consequently, the most successful basketball team in the world will be collecting hefty rent checks for the foreseeable future from one of the most successful tech behemoths in the world. Forty of the 45 units that cohabitate a newly constructed Kimpton boutique hotel have been purchased, including a 1,370-square-foot two-bedroom on the 14th floor in June for more than $1 million, according to public records. On a square-foot basis, this is one of the most expensive residential properties ever sold in California’s capital. And on the receiving end of that sales contract is a holding company that belongs to the NBA team playing just across David J. Stern Walk at Golden 1 Center. In addition to player payroll, which a few years ago crossed $100 million annually among most teams and continues to climb, teams over the past decade have been engaged in arms races to brandish the glitziest training facilities, the most sophisticated medical and performance programs and the deepest analytics departments. That’s why the Hawks are partnering with CIM Group on a proposed $5 billion, 12 million-square-foot, multiuse project that Koonin characterizes as an LA Live for Atlanta. A Hawks holding company would be a significant minority partner with an approximate share of between 30 and 40 percent. If the development is successful in its booming urban market, a franchise that has consistently finished in the red during its 50-year existence could handsomely balance the books with its investment.
Click here to view original web page at www.espn.com
Free Things To Do In London At Christmas 2018 12 Nov 2018

Great list below from the Londonist for anyone spending time in London or the UK through the Holiday Season.  In addition to those items below there are several very popular Broadway shows performing in London in addition to the shows originating in the UK.  Check your dates and the schedules for Motown – The Musical, Aladdin, The Phantom Of The Opera, The Book of Mormon, Les Miserables, Wicked, Mamma Mia!, and Chicago The Musical among many other great theatre options in the West End and beyond.

things to do in london uk

is an expensive time of year, especially in London, so indulge in these free ways to get into the festive spirit in the capital. You won’t have to spend a penny — though of course there are plenty of chances to get rid of your money if you’re […]

Sure, if you want to have a go on those funfair rides, go ice skating, watch the circus, get some food and drink, do your Christmas shopping at the Christmas market or enter the ice kingdom, you’ll have to pay (and steeply too). But just for wandering, it’s completely free.

As with Winter Wonderland, you could spend a decent amount of dosh here if you were so inclined. The 1920s Spiegeltent has an impressive line-up of shows, from burlesque carols to silent discos, and of course you’ll have to pay if you want to see Santa, or tuck into food or drink. Otherwise, you can pass a short amount of time here, enjoying the pretty lights for free, and snapping a few Instagram shots. It’s much smaller than Winter Wonderland though — you’d struggle to spend a whole afternoon here.

Top of the list is Southbank Centre’s Winter Market (9 November-27 December), a cute collection of wooden chalets decked in sparkling lights, right next to the river. Head further east along the Christmas by the River (29 November-2 January), a Christmas market next to City Hall, with a backdrop of Tower Bridge. Lovely.

Click here to view original web page at londonist.com

Great list below from the Londonist for anyone spending time in London or the UK through the Holiday Season.  In addition to those items below there are several very popular Broadway shows performing in London in addition to the shows originating in the UK.  Check your dates and the schedules for Motown – The Musical, Aladdin, The Phantom Of The Opera, The Book of Mormon, Les Miserables, Wicked, Mamma Mia!, and Chicago The Musical among many other great theatre options in the West End and beyond. things to do in london uk
is an expensive time of year, especially in London, so indulge in these free ways to get into the festive spirit in the capital. You won’t have to spend a penny — though of course there are plenty of chances to get rid of your money if you’re […] Sure, if you want to have a go on those funfair rides, go ice skating, watch the circus, get some food and drink, do your Christmas shopping at the Christmas market or enter the ice kingdom, you’ll have to pay (and steeply too). But just for wandering, it’s completely free. As with Winter Wonderland, you could spend a decent amount of dosh here if you were so inclined. The 1920s Spiegeltent has an impressive line-up of shows, from burlesque carols to silent discos, and of course you’ll have to pay if you want to see Santa, or tuck into food or drink. Otherwise, you can pass a short amount of time here, enjoying the pretty lights for free, and snapping a few Instagram shots. It’s much smaller than Winter Wonderland though — you’d struggle to spend a whole afternoon here. Top of the list is Southbank Centre’s Winter Market (9 November-27 December), a cute collection of wooden chalets decked in sparkling lights, right next to the river. Head further east along the Christmas by the River (29 November-2 January), a Christmas market next to City Hall, with a backdrop of Tower Bridge. Lovely.
Click here to view original web page at londonist.com
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