Phoenix Releases Financial Documents, Meeting Schedule For Suns Arena Deal

By Christina Estes
Published: Thursday, December 20, 2018 - 1:36pm
Updated: Friday, December 21, 2018 - 8:41am

Talking Stick Resort Arena
Phil Latzman/KJZZ
Talking Stick Resort Arena in downtown Phoenix in April 2018.

After a public backlash, Phoenix has posted detailed information about its downtown arena, its current and proposed deals with the Phoenix Suns, and ways for residents to provide input.

Earlier this month City Council members postponed a vote on a new deal with the Suns to renovate the Talking Stick Resort Arena. Instead, the council directed staff to post financial and historical documents about the city-owned arena and its business relationship with the Suns, who operate the arena.

The city will also hold five public meetings between Jan. 5 and Jan. 10 to share information about the proposed arena deal. It calls for Phoenix to pay $150 million in initial costs and the Suns to pay $80 million. It would also include a new fund for future renovations with Phoenix kicking in up to $25 million over 12.5 years and the Suns contributing up to $12.5 million.

Phoenix Suns President and CEO Jason Rowley
Christina Estes/KJZZ
Phoenix Suns President and CEO Jason Rowley told reporters on Dec. 12, 2018, the team has made no threats to leave and the owner's primary objective is to get a deal done in downtown Phoenix.

If the city and Suns do not reach an agreement the current contract allows the team to begin the process of determining whether the 26-year-old building is obsolete.The current deal could allow the Suns to leave downtown in 2022. However, Jason Rowley, Suns CEO and president, has said the team wants to stay downtown.

MORE: Details About Arena’s History, Finances And Phoenix's Business Relationship With The Suns

In addition to the public meetings, residents can leave comments by calling 602-262-7177 or emailing [email protected].

According to the city’s website, “...when you submit an email it falls under the city's policy which states that the email message is: (1) subject to public disclosure under the Public Records Law, (2) is not private or confidential and (3) is retained for 90 days.”

The City Council is scheduled to vote on the proposal on Jan. 23, 2019.

MORE: Suns President Says Team Wants To Stay In Phoenix

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