Keep the team.
Get the terms right.

Approve a maximum public exposure by government, year and purpose. Explain the public services and benefits being purchased, annual affordability and downside debt exposure. An available State funding ceiling is not a reason to enlarge the project.

Contract baseline and primary sources · Funding definitions

Resolve the City and County’s different funding assumptions before promising the private parties one package. Match every City-to-County obligation with a collectible private obligation or an explicitly approved public risk.

Contract baseline and primary sources · Funding definitions

Give independent finance, construction, engineering, real-estate and legal advisers a clear mandate. Disclose conflicts, reserve major concessions for public approval, and fund contract administration after signing.

Contract baseline and primary sources · Funding definitions

Use executed agreements, amendments, consents, releases and buyer assumptions. Identify existing rights and show redlines against operative text. Council approval exhibits are useful sources but are not necessarily signed counterparts.

Contract baseline and primary sources · Funding definitions

Price continued bridge operation, a smaller or phased renovation, alternative management and operation without the NBA. Include protected tenants, lender rights and transition costs. Distinguish choices the City controls from decisions requiring someone else’s consent.

Contract baseline and primary sources · Funding definitions

Obtain venue-specific financials, event data, affiliate allocations and forecasts. Separate venue income from franchise appreciation and national media revenue. Count overlapping benefits once and publish independently verified aggregate findings.

Contract baseline and primary sources · Funding definitions

Attach a complete independently costed scope, schedule and acceptance standards. Separate current obligations, lifecycle renewal, commercial enhancements and public requirements. Explain differences from the facility assessment (workbook; study explained); it is not the transformation budget.

Contract baseline and primary sources · Funding definitions

Set hard public limits covering capital, continuing support and identified ancillary costs. Preserve actual-receipt conditions. No later maintenance label, fee credit, change order or side agreement should silently recreate an unlimited public commitment.

Contract baseline and primary sources · Funding definitions

Require a defined amount of genuinely new private capital and committed funds. Exclude already owed repairs, public reimbursements and contingent guarantees. Private money should reduce the public requirement for a fixed project, not automatically enlarge the budget.

Contract baseline and primary sources · Funding definitions

Disclose legal borrowing authority, pledges, taxable or tax-exempt treatment and worst-case repayment. If bonds expose the General Fund, approve that legal risk explicitly. State funding intentions are different from debt already issued on State credit.

Contract baseline and primary sources · Funding definitions

Use a justified procurement route, transparent affiliate fees and independently reviewable costs. Obtain contractor security, warranties and direct information rights. A contractor price ceiling does not replace a solvent party’s completion obligation.

Contract baseline and primary sources · Funding definitions

Allocate inflation, design errors, field conditions, permits, contractor failure and requested changes. Public exceptions must be specific, priced and bounded. Require authorized change orders and continued undisputed work during technical disputes.

Contract baseline and primary sources · Funding definitions

Certify eligible work and remaining cost to complete before releasing funds. Protect title, liens, equipment and warranties; prevent duplicate reimbursement. Require a private top-up when remaining committed funds cannot finish the approved scope.

Contract baseline and primary sources · Funding definitions

Align bridge expiry, construction, occupancy, rent, nonrelocation, debt maturity and surrender. Prevent owner-caused delay from postponing payments indefinitely. Provide continuous commitments during renovation and clearly priced emergency exceptions.

Contract baseline and primary sources · Funding definitions

Price dependable rent with explicit commencement, escalation, recipients and security. Preserve the value of the adopted $3.17 million proposal unless a disclosed exchange improves the package. Count credits once and distinguish rent from other duties.

Contract baseline and primary sources · Funding definitions

Define an auditable commercial participation base, normalized baseline and treatment of affiliates, bundles, barter and prepayments. Compare participation with dependable rent and private capital. Inventory vendor-funded assets, exclusivities and necessary successor data access.

Contract baseline and primary sources · Funding definitions

Define admission value in premium bundles and licenses, collection priority, settlements and anti-avoidance. Decide openly whether to broaden a charge. A team-remitted ticket fee may still be paid economically by fans.

Contract baseline and primary sources · Funding definitions

Price actual arena naming and sponsorship rights, existing license tails and prepaid receipts. The current 50% Project provision is for trademark royalties; another provision restricts sale of Project naming rights. New rights need express authorization.

Contract baseline and primary sources · Funding definitions

Preserve City rate approval, public-garage records and direct drive-up receipts; obtain equivalent arena-garage verification. The 25% administrative fee applies to defined invoiced non-event parking, not all parking revenue. Model costs, redevelopment and transport policy together.

Contract baseline and primary sources · Funding definitions

Price the Coliseum operatorship separately, with a justified competitive or exempt procurement route. Address the existing Moda booking preference, shared services, advertising exclusions, reserves, loss recoupment and offsets against City receipts.

Contract baseline and primary sources · Funding definitions

Negotiate a substantial PILOT with specified beneficiaries and start date. Compare it with an independently calculated parcel-level tax model, including assessment rules and exemptions. Construction cost multiplied by a levy rate is not an actual tax bill.

Contract baseline and primary sources · Funding definitions

Preserve lawful taxing, regulatory, disclosure and public-service powers. Remove or tightly price targeted-tax reimbursement duties. Deleting a contractual restriction does not itself grant taxing authority or enact a surcharge.

Contract baseline and primary sources · Funding definitions

Trace every receipt through expenses, credits, debt, reserves and final beneficiaries. Identify County, school and statutory allocations. Do not count restricted arena money again as unrestricted City service revenue.

Contract baseline and primary sources · Funding definitions

Preserve and independently value maintenance claims before releasing them. Apply equivalent-age standards, timing, releases and remedies. Neither our former $164 million analytical classification nor a $120 million demand is established debt. Inspect the workbook and the classification correction.

Contract baseline and primary sources · Funding definitions

Assign preventive maintenance, repairs, renewals and future standards to a payer. Require an asset register and independent condition reviews. Public capital availability must not excuse operator obligations or promise every future commercial enhancement.

Contract baseline and primary sources · Funding definitions

Fund reserves from a lifecycle model and test condition years before expiry. Require correction funding and security that survives completion. Specify reserve ownership and prevent a large unfunded replacement cycle being handed back to the City.

Contract baseline and primary sources · Funding definitions

Identify the franchise, operator and support entities beside each duty. Verify the buyer’s assumption chain and actual financial capacity. The existing narrow TBI contribution backstop is not a general personal or parent guarantee.

Contract baseline and primary sources · Funding definitions

Size cash, guarantees, completion support and letters of credit to actual exposure. Set draw, renewal and replenishment rules. Security has a cost even when an owner plans to comply; require enough usable protection without adding mutually exclusive losses.

Contract baseline and primary sources · Funding definitions

Bind the actual franchise continuously, including after specified operator defaults. Define permitted temporary sites, home games, notice, compensation and return. Identify City closure or tenancy elections that could inadvertently end the stay covenant.

Contract baseline and primary sources · Funding definitions

Obtain needed NBA acknowledgments and allocate league-rule consequences. Preserve and improve the existing binding equitable-adjustment mechanism. A City contract alone cannot bind the league or erase legitimate scheduling and labor requirements.

Contract baseline and primary sources · Funding definitions

Distinguish franchise sales, lease assignments, control changes and foreclosures. Require assumption, credit qualification and replacement security. Preserve public title and reasonable lender cure rights without guaranteeing acquisition debt.

Contract baseline and primary sources · Funding definitions

Use proportionate defaults, cure periods and step-in rights with an actual operating plan. The protected team tenancy’s 110% of variable game costs does not cover every fixed arena cost. Do not promise unlimited City operation at a loss.

Contract baseline and primary sources · Funding definitions

Price insurance, deductibles, earthquake and flood risks, restoration deadlines and uninsured shortfalls. Address the existing major-casualty termination route, temporary venues, condemnation, debt and cleanup. Weak demand is not force majeure.

Contract baseline and primary sources · Funding definitions

Implement the September 3 AVT negotiating direction through parcel-specific agreements. Resolve existing rights, title and financing. Do not grant a new team development exclusive merely to close the arena deal.

Contract baseline and primary sources · Funding definitions

Value land, infrastructure, parking displacement and Entertainment Complex rights together. Use milestones and remedies. The deleted market-rent reset must be weighed against shortened tenant options and earlier public reversion.

Contract baseline and primary sources · Funding definitions

Review both sides of the mutual noncompetition covenant, its actual venue scope and its expiration. Preserve useful public alternatives without giving away reciprocal rights for nothing. It is not a blanket ban on rebidding existing management.

Contract baseline and primary sources · Funding definitions

Make wages, benefits, lawful labor commitments, contracting and community obligations measurable and enforceable. Name the payer, beneficiary and remedy. A labor-peace label or a maximum potential donation is not delivery.

Contract baseline and primary sources · Funding definitions

Give the Fire, Winterhawks and other users workable dates, facilities, charges, transition compensation and return rights in actual agreements. Obtain league/site approvals and resolve conflicting calendar and sponsorship promises.

Contract baseline and primary sources · Funding definitions

Specify affordable access, community dates, accessibility, public-space use and neighborhood protections. Assign construction, transport, public-safety and operating costs. Set funded, measurable environmental targets and continuing verification.

Contract baseline and primary sources · Funding definitions

Amend the NDA, lease and audit clauses together, including duties for previously disclosed information. Remove coded meeting labels and blanket withholding promises. Preserve lawful privacy, trade secrets and privilege through specific review; the law controls disclosure.

Contract baseline and primary sources · Funding definitions

Fund permanent independent audits, condition assessments and public compliance reports. Include relevant affiliates and usable copies. Contractual reporting must continue beyond the statute’s 2032 reporting sunset.

Contract baseline and primary sources · Funding definitions

Define Joint Authority membership, powers, voting, conflicts and dissolution. Reserve major scope changes, added public exposure, releases, security reductions and property dispositions for appropriate public approval.

Contract baseline and primary sources · Funding definitions

Preserve statutory remedy floors, reasonable departure damages and judicial remedies, with recoveries credited once. Keep public fee priority and liability limits. A damages remedy should not silently become a purchased option to relocate.

Contract baseline and primary sources · Funding definitions

Price extensions and plan separation, including contracts, software, bookings, prepaid rights and reserves. Longer leases can prolong State tax capture: debt retirement alone does not end the statutory transfer period.

Contract baseline and primary sources · Funding definitions

Publish the complete material bargain, redlines, fiscal analysis and deviations with meaningful time before approval. A proposed 30-day contract review and 14-day financial report rule requires adoption; it is not an existing universal deadline.

Contract baseline and primary sources · Funding definitions

Distinguish signing, effectiveness, financing, construction authorization and disbursement. Satisfy statutory prerequisites in the right order. Require funded scope, necessary consents, private support, insurance and tenant/community arrangements before the relevant commitments become effective.

Contract baseline and primary sources · Funding definitions