Former Suns owner wants to see ‘win-win for both sides’ with arena deal

Jan 10, 2019, 11:12 AM | Updated: 2:31 pm
Follow @KTAR923...

PHOENIX — The former owner of the Phoenix Suns said he wants city lawmakers and team officials to come to an agreement regarding the renovation of Talking Stick Resort Arena.

“I want to see a private-public partnership really take place,” businessman and Valley sports figure Jerry Colangelo told KTAR News 92.3 FM Wednesday.

“And I hope politics doesn’t get in the way, but it’s got to be a win-win for both sides.”

Colangelo, who owned the Suns from 1987 to 2004 but has been with the team since 1968, said he has “a real something in my heart for Suns.

“I gave birth to the Suns so you know I care about them, I want them to succeed,” he said.

The Phoenix City Council is currently holding public meetings to allow residents to voice their opinion on a $230 million Suns arena renovation deal. The last public meeting is Thursday.

The council in December unanimously agreed to postpone a vote that would revamp the nearly 30-year-old arena between 2019 and 2021.

The deal, which was met with a lot of criticism from residents, would have the city’s Sports Facilities Fund, which is made up of tourism tax money, contribute $150 million.

The Suns would pick up $80 million and be responsible for any costs passing the $230 million mark.

A November poll from Data Orbital showed nearly 66 percent Phoenix voters likely to cast a ballot in next year’s special election were not in favor of the deal.

But a recent Greater Phoenix Chamber poll found that almost half of likely voters supported the deal after they were “educated on the facts of the agreement.”

The current operating agreement between the city and the Suns could end as soon as 2022, but the new agreement would extend the contract through 2037, with a five-year option.

The arena is the oldest in the NBA that is not currently undergoing renovations.

KTAR News 92.3 FM’s Ali Vetnar contributed to this report. 

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Arizona GOP gubernatorial candidate Kari Lake speaks to the media after voting on November 08, 2022...

Defeated Republican Arizona gubernatorial candidate Kari Lake files election lawsuit

Kari Lake filed a lawsuit Friday claiming the number of illegal votes cast in Arizona's general election outnumber her margin of defeat.
20 hours ago
(Getty Images)...

Arizona Sen. Kyrsten Sinema relieved by Brittney Griner’s release from Russian prison

Arizona Sen. Kyrsten Sinema said she is not in a place to criticize the Brittney Griner-Viktor Bout exchange and is happy Griner is home.
20 hours ago
(Twitter Photo/Abraham Hamadeh)...

Republican Arizona AG candidate Abe Hamadeh files another election lawsuit

Republican Arizona Attorney General candidate Abe Hamadeh filed another election lawsuit Friday, asking for another look on his race.
20 hours ago
(AP Photo/Matt York)...
SuElen Rivera

Maricopa County recorder proposing ways to speed up vote count

Maricopa County Recorder Stephen Richer said he planning to propose changes to Arizona election laws that would speed up the vote count.
20 hours ago
A cold and flu medicine shelf is empty in a CVS pharmacy on Dec. 6, 2022, in Burbank, California. (...
Associated Press

Maricopa County health officials warn about spread of flu, COVID, RSV

Arizona's most populous county is warning of a significantly rise in cases of the flu, COVID-19 and other respiratory illnesses.
20 hours ago
(AP Photo/J. Scott Applewhite)...
Marcia Hammond

‘Political earthquake’: Arizona experts weigh in on Sen. Sinema jumping ship to independents

Two Arizona political strategists said U.S. Sen. Kyrsten Sinema's switch from the Democratic Party to independent status took courage but only time will tell whether it hurts her career.
20 hours ago

Sponsored Articles

Quantum Fiber

How high-speed fiber internet edges out cable for everyday use

In a world where technology drives so much of our daily lives, a lack of high-speed internet can be a major issue.
Quantum Fiber

How high-speed fiber internet can improve everyday life

Quantum Fiber supplies unlimited data with speeds up to 940 mbps, enough to share 4K videos with coworkers 20 times faster than a cable.
Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.
Former Suns owner wants to see ‘win-win for both sides’ with arena deal