Darwinkgo
Active Member
It depends. Own can be quite colloquial. Likely somewhere in the 50-99 year lease range.if they are going to renovate the hotel area they are gonna spend a decent chunk of the $250MM budget just buying the hotel from its owners.
There is a reason the stadium itself sold for so little, there are so many legal encumbrances (long term deals at low to no revenue) stretching back all the way to the initial financing. Given the long term nature of those deals, I have to wonder if replacing the stadium on the same site was ever really an option.