1 00:00:00,280 --> 00:00:03,560 Speaker 1: This is the business of sports where in the situation 2 00:00:03,640 --> 00:00:06,360 Speaker 1: that we haven't dealt with in modern times, pandemic here 3 00:00:06,440 --> 00:00:10,440 Speaker 1: has really accelerated the investments that we've been advocating for 4 00:00:10,440 --> 00:00:12,879 Speaker 1: for years. From a macro standpoint, I think our sport 5 00:00:12,920 --> 00:00:16,360 Speaker 1: industry is really forced to look at the business a 6 00:00:16,400 --> 00:00:19,639 Speaker 1: little bit differently. In depth conversations with the leaders in 7 00:00:19,680 --> 00:00:22,720 Speaker 1: the sports industry. Who wants to be the sacrificial lambs 8 00:00:22,800 --> 00:00:25,640 Speaker 1: that shows up at the first big major sporting events 9 00:00:25,880 --> 00:00:27,840 Speaker 1: part of something much bigger than the sport right now 10 00:00:28,040 --> 00:00:30,360 Speaker 1: and the health and sty of our stakeholders that works 11 00:00:30,440 --> 00:00:32,880 Speaker 1: much important every moment. I think we're all from the 12 00:00:32,920 --> 00:00:35,680 Speaker 1: business respective thinking about the impact that the virus is 13 00:00:35,720 --> 00:00:38,920 Speaker 1: having a across the country. In Bloomberg Business of Sports 14 00:00:39,000 --> 00:00:42,159 Speaker 1: from Bloomberg Radio, Hello, I'm Jason Kelly, and I'm Mike 15 00:00:42,320 --> 00:00:44,640 Speaker 1: Lynn and I'm Michael Barr. Over the next hour, we 16 00:00:44,680 --> 00:00:46,640 Speaker 1: will explore the big money issues in the world of 17 00:00:46,640 --> 00:00:48,800 Speaker 1: sports and talk to some of the biggest players in 18 00:00:48,840 --> 00:00:53,480 Speaker 1: the industry and nothing bigger than big new arenas. Later 19 00:00:53,520 --> 00:00:56,360 Speaker 1: on we're going to talk with Oakview Group CEO Tim 20 00:00:56,440 --> 00:01:00,520 Speaker 1: like Wiki. He is the developer of that big new 21 00:01:00,600 --> 00:01:03,680 Speaker 1: complex not too far from us here in New York 22 00:01:03,720 --> 00:01:07,279 Speaker 1: City over in Belmont. Lots to talk about there, but first, 23 00:01:07,520 --> 00:01:09,720 Speaker 1: let's talk a lot if we can, or at least 24 00:01:09,760 --> 00:01:12,679 Speaker 1: a little bit, because we don't know that much about 25 00:01:12,800 --> 00:01:15,320 Speaker 1: what's going on in sports right now, guys. And I'll 26 00:01:15,319 --> 00:01:17,920 Speaker 1: just set the table by saying we're recording this on 27 00:01:18,080 --> 00:01:22,039 Speaker 1: Friday morning. The situation it feels like in every major sport, 28 00:01:22,280 --> 00:01:27,440 Speaker 1: but especially in baseball. Mike Lynch, it's fluid. It's fluid, 29 00:01:27,480 --> 00:01:30,720 Speaker 1: and I think the theme song for the year is 30 00:01:31,120 --> 00:01:35,760 Speaker 1: no end in sight, and every single day we get together, 31 00:01:35,880 --> 00:01:39,200 Speaker 1: something has changed, and fluid is the word of the 32 00:01:39,280 --> 00:01:42,600 Speaker 1: day as well. Major League Baseball continues to have problems 33 00:01:42,600 --> 00:01:46,160 Speaker 1: with players testing positive, and one of the disturbing signs 34 00:01:46,200 --> 00:01:49,560 Speaker 1: here is this is the first time that someone west 35 00:01:49,600 --> 00:01:52,280 Speaker 1: of the East Coast has actually tested positive. It has 36 00:01:52,320 --> 00:01:55,800 Speaker 1: been really pretty much restricted to Miami and Philadelphia area 37 00:01:56,080 --> 00:01:59,600 Speaker 1: and now St. Louis Cardinals have had some positive tests 38 00:01:59,640 --> 00:02:03,560 Speaker 1: post owning um of one of their games this weekend. So, 39 00:02:03,640 --> 00:02:06,440 Speaker 1: Michael Barr, are we going to finish this season? What's 40 00:02:06,440 --> 00:02:10,959 Speaker 1: your prediction? I hate I was very positive thinking that 41 00:02:11,040 --> 00:02:14,520 Speaker 1: we were going to have a season, but I'm seeing 42 00:02:14,560 --> 00:02:16,640 Speaker 1: it now. It looks like all hell is breaking loose. 43 00:02:16,720 --> 00:02:20,600 Speaker 1: I mean, it's and like Mike said, now we're seeing 44 00:02:20,639 --> 00:02:24,680 Speaker 1: something on the West coast with the Cardinals. I mean, 45 00:02:25,800 --> 00:02:28,080 Speaker 1: I don't see how in the world this is going 46 00:02:28,120 --> 00:02:31,040 Speaker 1: to happen. I think what we have at least six 47 00:02:31,080 --> 00:02:35,880 Speaker 1: teams involved where they have to cancel that we're supposed 48 00:02:35,919 --> 00:02:38,360 Speaker 1: to play each other, and they've canceled games right now, 49 00:02:38,639 --> 00:02:40,720 Speaker 1: and that's as of right now on Friday morning. We 50 00:02:40,760 --> 00:02:43,040 Speaker 1: don't know how that's going to change over the next 51 00:02:43,120 --> 00:02:47,520 Speaker 1: twenty four hours. And as Mike Lynch alluded to, you know, 52 00:02:47,560 --> 00:02:50,679 Speaker 1: I feel like every day, even right after we get 53 00:02:50,680 --> 00:02:53,680 Speaker 1: off from talking to each other, uh, there's some news, 54 00:02:53,680 --> 00:02:57,440 Speaker 1: there's some tweet, there's some report. Uh. And this is extending. 55 00:02:57,480 --> 00:03:01,640 Speaker 1: I think this uncertainty beyond base all into college sports, 56 00:03:01,639 --> 00:03:04,840 Speaker 1: and certainly it feels like the thing that is looming 57 00:03:04,919 --> 00:03:08,880 Speaker 1: looming looming out there is pro football. We don't have 58 00:03:08,919 --> 00:03:12,120 Speaker 1: a lot of information at this point. Roger Goodell, as 59 00:03:12,160 --> 00:03:15,880 Speaker 1: he traditionally, has pretty tight lipped about this, but if 60 00:03:15,880 --> 00:03:19,040 Speaker 1: baseball can't figure this out, it's hard to see how 61 00:03:19,400 --> 00:03:23,280 Speaker 1: college sports and pro football happen in any meaningful way. 62 00:03:23,360 --> 00:03:26,600 Speaker 1: Mike Lynch, Well, they have the luxury of the calendar 63 00:03:26,760 --> 00:03:28,800 Speaker 1: so far that the other sports didn't have because they 64 00:03:28,840 --> 00:03:31,799 Speaker 1: haven't been directly impacted. But as we cross h day 65 00:03:31,840 --> 00:03:35,600 Speaker 1: off the calendar and we're approaching August is coming up, 66 00:03:36,160 --> 00:03:38,760 Speaker 1: teams are reporting to camps. The Buffalo Bills send a 67 00:03:38,760 --> 00:03:42,200 Speaker 1: bunch of rookies home. Uh, the Minnesota Vikings have some 68 00:03:42,240 --> 00:03:45,720 Speaker 1: positive tests and as players begin to trickle in. Remember 69 00:03:45,840 --> 00:03:47,960 Speaker 1: the two sports that are not involved in the bubble 70 00:03:48,200 --> 00:03:51,040 Speaker 1: are Major League Baseball in the National Football League. The 71 00:03:51,080 --> 00:03:53,760 Speaker 1: other teams that are in the bubble the NBA, the NHL, 72 00:03:54,000 --> 00:03:56,760 Speaker 1: Major League Soccer, and the w n B. A knock 73 00:03:56,800 --> 00:03:59,960 Speaker 1: on wood, the bubbles working for them without the bubb 74 00:04:00,200 --> 00:04:02,720 Speaker 1: it doesn't have. It's not working for baseball, and I 75 00:04:02,760 --> 00:04:04,960 Speaker 1: don't see how it's gonna work for football. Well, I 76 00:04:04,960 --> 00:04:07,640 Speaker 1: gotta tell you, guys, I had a very very nice 77 00:04:07,680 --> 00:04:11,560 Speaker 1: evening to myself last night sitting on my couch watching 78 00:04:12,000 --> 00:04:16,400 Speaker 1: the better part of two NBA games, and I have 79 00:04:16,600 --> 00:04:20,480 Speaker 1: to say both games they were decided by a basket 80 00:04:20,640 --> 00:04:23,599 Speaker 1: Lebron James hitting the winning shot to beat the Clippers 81 00:04:23,640 --> 00:04:26,080 Speaker 1: in the second half of the double header. You know, 82 00:04:26,120 --> 00:04:28,840 Speaker 1: those the top two teams in the West, and this 83 00:04:28,920 --> 00:04:31,440 Speaker 1: is all about seating at this point. I gotta say 84 00:04:31,480 --> 00:04:36,000 Speaker 1: from a fans perspective and even from a business person's perspective, 85 00:04:36,080 --> 00:04:38,960 Speaker 1: Michael Barr, I don't know if you watched, but the 86 00:04:39,080 --> 00:04:43,359 Speaker 1: games they look good. Oh yeah, that the product is 87 00:04:43,520 --> 00:04:47,839 Speaker 1: very good out there for the NBA. Uh. And and 88 00:04:48,000 --> 00:04:50,640 Speaker 1: like we were talking about earlier there in the bubble, 89 00:04:50,839 --> 00:04:53,080 Speaker 1: and I really want to see how this is going 90 00:04:53,120 --> 00:04:56,760 Speaker 1: to take place. The irony is I think for the 91 00:04:56,960 --> 00:04:59,960 Speaker 1: uh for the was it the Untel Jazz that they 92 00:05:00,080 --> 00:05:04,039 Speaker 1: won their game? And uh Rudy Gilbert he scored the 93 00:05:04,040 --> 00:05:07,080 Speaker 1: first basket. Ye. And now the irony of that, now 94 00:05:07,080 --> 00:05:09,960 Speaker 1: anybody is not familiar with it. Uh. He was the 95 00:05:09,960 --> 00:05:12,479 Speaker 1: one that kind of pooh pooh the idea about the 96 00:05:12,480 --> 00:05:15,080 Speaker 1: coronavirus at the beginning, and he was touching all the 97 00:05:15,120 --> 00:05:18,480 Speaker 1: mics and touching everybody's locker and all this, and then 98 00:05:18,520 --> 00:05:21,480 Speaker 1: he came down with the virus and he had to apologize. 99 00:05:22,279 --> 00:05:25,120 Speaker 1: But well, and not only that, I should add, I 100 00:05:25,160 --> 00:05:30,640 Speaker 1: mean it was his positive test that basically deferred the season, right, 101 00:05:30,680 --> 00:05:33,159 Speaker 1: I mean that was the game they canceled the game 102 00:05:33,440 --> 00:05:36,800 Speaker 1: and then within I believe twenty four hours maybe less, 103 00:05:37,160 --> 00:05:40,440 Speaker 1: the NBA was suspended. I mean that that fateful March 104 00:05:40,520 --> 00:05:43,160 Speaker 1: eleventh that everybody goes back to, which seems to be 105 00:05:43,560 --> 00:05:46,159 Speaker 1: the day that we will all remember in some ways 106 00:05:46,200 --> 00:05:49,520 Speaker 1: where we realized, oh, this is serious, like the world 107 00:05:49,560 --> 00:05:53,840 Speaker 1: is shutting down and we have problems. I mean in 108 00:05:53,920 --> 00:05:57,240 Speaker 1: college sports. Now there's chatter that the Big Ten. They 109 00:05:57,400 --> 00:06:00,400 Speaker 1: first they were going to just limit travel and the 110 00:06:00,560 --> 00:06:04,040 Speaker 1: keeping in keeping in conference. Now there's talk we might 111 00:06:04,040 --> 00:06:06,720 Speaker 1: not play anything in the Big Ten this season. This 112 00:06:06,800 --> 00:06:10,120 Speaker 1: is a mess. Yeah, we have. The a c C 113 00:06:10,600 --> 00:06:13,080 Speaker 1: made a deal earlier this week. They invited Notre Dame 114 00:06:13,160 --> 00:06:15,440 Speaker 1: to come in and uh, just follow the money on 115 00:06:15,480 --> 00:06:18,000 Speaker 1: that one, because Notre Dame has their own deal with 116 00:06:18,160 --> 00:06:21,000 Speaker 1: NBC where they get fifteen million dollars a year, and 117 00:06:21,040 --> 00:06:22,760 Speaker 1: as part of this deal with the a CEC, they're 118 00:06:22,760 --> 00:06:24,960 Speaker 1: going to share that money, which is unthinkable for Notre 119 00:06:25,040 --> 00:06:28,120 Speaker 1: Dame to share any of their home proceeds from that 120 00:06:28,240 --> 00:06:30,080 Speaker 1: private deal with the a c C. And the a 121 00:06:30,160 --> 00:06:32,400 Speaker 1: c C gets has a deal with ABC where they 122 00:06:32,400 --> 00:06:35,120 Speaker 1: get two hundred forty million dollars a year, so you know, 123 00:06:35,160 --> 00:06:36,960 Speaker 1: it's kind of the devil is on one shoulder and 124 00:06:37,000 --> 00:06:39,680 Speaker 1: there's an angel on your other shoulder, And then which 125 00:06:39,680 --> 00:06:41,159 Speaker 1: one are you're listening to? Do you do you? Do 126 00:06:41,160 --> 00:06:43,039 Speaker 1: you go for the money with it in in the 127 00:06:43,120 --> 00:06:46,400 Speaker 1: temptation or do you go smart? Right here? And again, 128 00:06:46,440 --> 00:06:49,040 Speaker 1: the SEC is not going to start until I think 129 00:06:49,279 --> 00:06:52,880 Speaker 1: mid Uh, they're starting September twelve. The SEC is not 130 00:06:52,920 --> 00:06:55,400 Speaker 1: starting to September twenty six. So again, they still have 131 00:06:55,520 --> 00:06:57,800 Speaker 1: about six weeks before they can go right up to 132 00:06:57,800 --> 00:07:00,920 Speaker 1: the eleventh hour and say we're not playing well. And 133 00:07:00,960 --> 00:07:04,480 Speaker 1: I would imagine, you know, again, thinking from a business perspective, 134 00:07:04,800 --> 00:07:07,280 Speaker 1: I mean cut the deal, right, I mean make the deal, 135 00:07:07,480 --> 00:07:09,920 Speaker 1: and then if it doesn't pan out, it doesn't pan out. 136 00:07:10,280 --> 00:07:15,760 Speaker 1: But certainly, uh, there's maybe an undo level of optimism. 137 00:07:15,800 --> 00:07:19,440 Speaker 1: So let's end up our little chat talking about probably 138 00:07:19,760 --> 00:07:22,000 Speaker 1: I think I can say one of our favorite stories 139 00:07:22,040 --> 00:07:24,040 Speaker 1: of the week, in part because it's a happy story 140 00:07:24,240 --> 00:07:26,920 Speaker 1: and in part because it crosses two sports. What do 141 00:07:27,000 --> 00:07:30,000 Speaker 1: you do when you have a contract that could pay 142 00:07:30,040 --> 00:07:33,600 Speaker 1: you half a billion dollars and your name is Patrick Mahomes, 143 00:07:33,960 --> 00:07:35,920 Speaker 1: Mike Lench you put it great earlier in the week, 144 00:07:36,120 --> 00:07:37,760 Speaker 1: you walk across the street and you buy a part 145 00:07:37,760 --> 00:07:40,040 Speaker 1: of the baseball team. Yeah, you walk right out of 146 00:07:40,120 --> 00:07:42,320 Speaker 1: Arrowhead Stadium and go across the parking lock you're right 147 00:07:42,400 --> 00:07:44,760 Speaker 1: right in through Kaufman Stadium, which they were adjacent to 148 00:07:44,800 --> 00:07:48,160 Speaker 1: each other right on. I seventy uh in Kansas City 149 00:07:48,160 --> 00:07:49,680 Speaker 1: and to say, you know what, I was drafted by 150 00:07:49,720 --> 00:07:53,200 Speaker 1: the Tigers in my dad played Major League baseball. I 151 00:07:53,240 --> 00:07:54,800 Speaker 1: want a piece of this action. So you know what, 152 00:07:55,000 --> 00:07:57,400 Speaker 1: rather than putting the money in the old Kansas City 153 00:07:57,400 --> 00:07:59,440 Speaker 1: savings and loan, I'm gonna buy a piece of the 154 00:07:59,480 --> 00:08:02,360 Speaker 1: Kansas City Royals. And that's exactly what Patrick Mahomes did. 155 00:08:02,400 --> 00:08:05,080 Speaker 1: Pretty good. And I was trying to think, racking my brain, 156 00:08:05,800 --> 00:08:08,880 Speaker 1: what active players actually owned part of another professional team, 157 00:08:08,880 --> 00:08:11,400 Speaker 1: and I could come up with Serena and Venus Williams, 158 00:08:11,480 --> 00:08:15,640 Speaker 1: part owners of the Miami Dolphins. And I would note 159 00:08:15,720 --> 00:08:19,760 Speaker 1: Lebron James and owner of Liverpool FC over in the 160 00:08:19,800 --> 00:08:24,120 Speaker 1: English Premiership. So a transatlantic deal there, but a successful 161 00:08:24,160 --> 00:08:29,200 Speaker 1: one given that Liverpool I believe won the Premiership championship. Uh. 162 00:08:29,280 --> 00:08:32,160 Speaker 1: I love the cross sport nature of this. To Michael 163 00:08:32,200 --> 00:08:34,880 Speaker 1: Barr and you know, this is a young guy with 164 00:08:34,920 --> 00:08:37,560 Speaker 1: a lot of ambition, not just on the field, but 165 00:08:37,840 --> 00:08:39,959 Speaker 1: as a business person. You know what I love too 166 00:08:40,000 --> 00:08:43,360 Speaker 1: is that he just said to Kansas City and I'm here. 167 00:08:43,600 --> 00:08:46,439 Speaker 1: You all know I'm here, so I'm not going anywhere 168 00:08:46,880 --> 00:08:48,600 Speaker 1: and I and I like that, and I think it's 169 00:08:48,600 --> 00:08:52,240 Speaker 1: a wise move. Uh. This young man is obviously he 170 00:08:52,440 --> 00:08:56,480 Speaker 1: is uh the cream of the crop for the NFL, 171 00:08:57,000 --> 00:09:00,280 Speaker 1: and uh he can he can be a power house 172 00:09:00,360 --> 00:09:03,560 Speaker 1: as this goes along. I have nothing that accolades for him. 173 00:09:03,960 --> 00:09:06,160 Speaker 1: It's interesting too. I'm glad you brought that up because 174 00:09:06,200 --> 00:09:09,720 Speaker 1: it's interesting to note the investment in his own city 175 00:09:09,720 --> 00:09:12,559 Speaker 1: in many ways. Now, obviously, given this massive contract that 176 00:09:12,559 --> 00:09:15,280 Speaker 1: that he just signed, he's with the Kansas City Chiefs 177 00:09:15,320 --> 00:09:18,600 Speaker 1: for a while, but that probably didn't guarantee that if 178 00:09:18,640 --> 00:09:20,520 Speaker 1: he was going to make this deal, he would make 179 00:09:20,559 --> 00:09:22,880 Speaker 1: it with the local team. Feels like he's a Kansas 180 00:09:22,920 --> 00:09:27,960 Speaker 1: City guy now for sure. Oh absolutely again, it's like 181 00:09:28,000 --> 00:09:30,520 Speaker 1: it I think wasn't didn't he go out one time 182 00:09:30,600 --> 00:09:33,760 Speaker 1: that he went out to a dinner and everybody knew 183 00:09:33,760 --> 00:09:36,840 Speaker 1: it was Patrick, the Holmes and and his lady. They 184 00:09:36,840 --> 00:09:41,920 Speaker 1: were there and he complimented everybody before he left and 185 00:09:42,040 --> 00:09:45,439 Speaker 1: said that thank you for not disturbing us, and then 186 00:09:45,480 --> 00:09:47,840 Speaker 1: paid for everybody's meal. As he walked out the door, 187 00:09:48,920 --> 00:09:52,000 Speaker 1: I think that's cool. Today we're speaking with oak View 188 00:09:52,040 --> 00:09:56,040 Speaker 1: Group CEO Tim Lwicky, and Tim, really good to have 189 00:09:56,160 --> 00:09:59,800 Speaker 1: you with us. You're joining us from Colorado, And as 190 00:09:59,840 --> 00:10:01,959 Speaker 1: you pointed out before we came onto the show, you've 191 00:10:01,960 --> 00:10:05,520 Speaker 1: got to be sort of geographically flexible here amid everything 192 00:10:05,559 --> 00:10:08,000 Speaker 1: that's going on. You've been spending a lot of time 193 00:10:08,320 --> 00:10:12,640 Speaker 1: in New York, not surprisingly specifically on Long Island, specifically 194 00:10:13,200 --> 00:10:15,839 Speaker 1: at a soon to be opened arena. Tell us about 195 00:10:15,960 --> 00:10:20,320 Speaker 1: what's going on with the new UBS Arena. So this arena, 196 00:10:20,400 --> 00:10:23,840 Speaker 1: the New UBS Arena, is one of six new arenas 197 00:10:23,840 --> 00:10:27,120 Speaker 1: are companies building around the world in New York. What 198 00:10:27,360 --> 00:10:31,559 Speaker 1: makes it an interesting challenge, but but certainly an opportunity, 199 00:10:31,640 --> 00:10:35,120 Speaker 1: we believe, is that there are four other arenas in 200 00:10:35,120 --> 00:10:38,280 Speaker 1: the marketplace. And so it's not lost on us that 201 00:10:38,400 --> 00:10:40,480 Speaker 1: you have the most famous arena in the world Madison 202 00:10:40,520 --> 00:10:42,599 Speaker 1: Square Garden, you have the Barkley Center, you have the 203 00:10:42,640 --> 00:10:45,760 Speaker 1: Financial Center, and you have the old Nassau Coliseum. And 204 00:10:45,840 --> 00:10:49,240 Speaker 1: so the UBS Arena took a little bit of time 205 00:10:49,280 --> 00:10:51,320 Speaker 1: for us to make sure that we were analyzing it 206 00:10:51,440 --> 00:10:54,240 Speaker 1: and seeing the demand the right way, which is on 207 00:10:54,320 --> 00:10:58,280 Speaker 1: Long Island and it's surrounding communities. There are ten million 208 00:10:58,320 --> 00:11:01,120 Speaker 1: people that will be close or to coming to the 209 00:11:01,200 --> 00:11:05,199 Speaker 1: UBS Arena than any of the other three fairly new 210 00:11:05,240 --> 00:11:08,280 Speaker 1: arenas in the marketplace. And in addition to that, the 211 00:11:08,320 --> 00:11:12,280 Speaker 1: New York Islanders need a home. They for whatever reason, 212 00:11:12,800 --> 00:11:16,720 Speaker 1: the renovation of the Nassau Coliseum didn't solve the problems 213 00:11:16,800 --> 00:11:19,800 Speaker 1: for the Islanders, so the Islanders played their games at Bartley's. 214 00:11:20,080 --> 00:11:22,760 Speaker 1: Bartley's was not built for hockey. That did not work 215 00:11:22,760 --> 00:11:25,800 Speaker 1: out well. The new Nassau Coliseum really is a new 216 00:11:26,040 --> 00:11:29,520 Speaker 1: so it didn't solve the problem. So we won began 217 00:11:29,559 --> 00:11:32,280 Speaker 1: to analyze the ten million people that will be closer 218 00:11:32,280 --> 00:11:34,920 Speaker 1: to this arena and go to music events and cultural 219 00:11:34,920 --> 00:11:38,080 Speaker 1: events and sporting events in a easier way to get 220 00:11:38,120 --> 00:11:40,640 Speaker 1: to and from than the other buildings in the marketplace, 221 00:11:40,960 --> 00:11:44,959 Speaker 1: and to UBS Arena now solves the problem by giving 222 00:11:44,960 --> 00:11:48,240 Speaker 1: the Islanders a permanent home after and this is amazing 223 00:11:48,280 --> 00:11:51,120 Speaker 1: to think about. Not only have they gone thirty years 224 00:11:51,120 --> 00:11:54,200 Speaker 1: trying to find a solution, they're the only team today 225 00:11:54,240 --> 00:11:57,960 Speaker 1: in the National Hockey League without a permanent home. So 226 00:11:58,120 --> 00:12:01,760 Speaker 1: it's a major step forward It's a difficult step because 227 00:12:02,000 --> 00:12:05,680 Speaker 1: one competitive marketplace to the little virus that we have 228 00:12:05,800 --> 00:12:08,640 Speaker 1: going on, three the little recession that comes from the 229 00:12:08,640 --> 00:12:12,240 Speaker 1: little virus. And four we privately financed it, so we 230 00:12:12,280 --> 00:12:15,679 Speaker 1: didn't use a dollar of the taxpayers moneys to subsidize 231 00:12:15,679 --> 00:12:19,360 Speaker 1: this building. How hard was that because you're not using 232 00:12:19,440 --> 00:12:22,240 Speaker 1: taxpayer money, it's all private money. How hard was that 233 00:12:22,320 --> 00:12:25,959 Speaker 1: to come up with the capital for this? So my 234 00:12:26,000 --> 00:12:29,560 Speaker 1: wife would tell me, I'm a miserable, very impendent sleeping 235 00:12:29,760 --> 00:12:33,400 Speaker 1: because I have no sleep at night. Again times at 236 00:12:33,440 --> 00:12:37,040 Speaker 1: times six, because we're building a private building in Seattle, 237 00:12:37,800 --> 00:12:40,800 Speaker 1: the new Climate Pledge arena for the Seattle Crack. And 238 00:12:41,120 --> 00:12:43,319 Speaker 1: we're building a new arena in Austin, Texas with the 239 00:12:43,440 --> 00:12:46,959 Speaker 1: University of Texas and Live Nation that's private. So this 240 00:12:47,040 --> 00:12:50,559 Speaker 1: is a model we've religiously stuck to, which is a 241 00:12:50,760 --> 00:12:54,040 Speaker 1: theory that UM and I believed in this when we 242 00:12:54,040 --> 00:12:56,840 Speaker 1: were building Staples Center in Los Angeles at my old 243 00:12:56,840 --> 00:13:00,720 Speaker 1: company a G. Taxpayers should be ultimately ending their money 244 00:13:00,720 --> 00:13:05,760 Speaker 1: on UM license and safety and education and transportation and 245 00:13:06,080 --> 00:13:08,559 Speaker 1: arenas and stadiums. You've got to figure out a way 246 00:13:08,600 --> 00:13:12,480 Speaker 1: to privatize them, which is why the UVS naming rights 247 00:13:12,520 --> 00:13:15,000 Speaker 1: deal was so critical to us is to find a 248 00:13:15,080 --> 00:13:18,640 Speaker 1: like minded company, also headquartered in New York and also 249 00:13:18,760 --> 00:13:21,920 Speaker 1: devoted to trying to build a world class and by 250 00:13:21,920 --> 00:13:24,360 Speaker 1: the way, most expensive arena built in all of New 251 00:13:24,440 --> 00:13:28,440 Speaker 1: York and do it privately without having to go back 252 00:13:28,440 --> 00:13:31,040 Speaker 1: to the taxpayers and ask for a handout. So not 253 00:13:31,200 --> 00:13:34,600 Speaker 1: easy to do. But we we built the most successful 254 00:13:34,880 --> 00:13:38,480 Speaker 1: arena built in the last probably twenty five years, Staples 255 00:13:38,480 --> 00:13:42,160 Speaker 1: Center privately. We built the O two in London privately, 256 00:13:42,200 --> 00:13:44,400 Speaker 1: and now it's one of the busiest arenas in the world. 257 00:13:44,880 --> 00:13:47,240 Speaker 1: So I do think this model works. I do think 258 00:13:47,240 --> 00:13:50,120 Speaker 1: it's the right priority, especially today with all of the 259 00:13:50,200 --> 00:13:54,880 Speaker 1: challenges we have to state, city and municipal budgets. And 260 00:13:55,440 --> 00:13:58,760 Speaker 1: because of naming rights and sponsorship and suites and club seats, 261 00:13:59,480 --> 00:14:02,080 Speaker 1: you can build a model that ultimately gets a healthy 262 00:14:02,160 --> 00:14:05,720 Speaker 1: rate to return and so it can be done. We 263 00:14:05,800 --> 00:14:07,880 Speaker 1: seem to be the only ones out there doing it 264 00:14:08,040 --> 00:14:11,200 Speaker 1: at this moment, but we're doing six and looking for 265 00:14:11,240 --> 00:14:14,120 Speaker 1: another six, and we do believe not only does the 266 00:14:14,160 --> 00:14:17,400 Speaker 1: model work, but we're beginning to lock in those contractually 267 00:14:17,440 --> 00:14:21,520 Speaker 1: alligated income streams like naming rights and doing it in 268 00:14:21,560 --> 00:14:24,800 Speaker 1: a very progressive way. So I think there's like minded 269 00:14:24,800 --> 00:14:28,280 Speaker 1: companies like Amazon in Seattle and UBS in New York, 270 00:14:28,680 --> 00:14:31,320 Speaker 1: and I think they've seen us as a great branding 271 00:14:31,360 --> 00:14:34,600 Speaker 1: opportunity and a great opportunity to partner with us. You 272 00:14:34,640 --> 00:14:37,960 Speaker 1: can do it, but it's not easy. Tim nine eleven 273 00:14:38,040 --> 00:14:42,600 Speaker 1: changed the way airports were reconfigured. Will COVID nineteen alter 274 00:14:42,880 --> 00:14:47,200 Speaker 1: the construction of this UBS arena um even even though 275 00:14:47,240 --> 00:14:49,360 Speaker 1: I know it's a I've seen pictures of it is 276 00:14:49,360 --> 00:14:51,880 Speaker 1: going up right now. Will the beast things that were 277 00:14:51,920 --> 00:14:54,760 Speaker 1: not on the original drawing plan, on the original blueprints 278 00:14:54,800 --> 00:14:59,560 Speaker 1: because of COVID? Yes, And it's a it's a great question, 279 00:14:59,600 --> 00:15:03,720 Speaker 1: probably the question that we spend most of our time 280 00:15:03,760 --> 00:15:08,080 Speaker 1: on lately. So what you have to do here is 281 00:15:08,120 --> 00:15:12,040 Speaker 1: you have to make sure you distinguish between the temporary 282 00:15:12,280 --> 00:15:16,360 Speaker 1: virus issues and a change in lifestyle compared to long 283 00:15:16,520 --> 00:15:20,200 Speaker 1: term issues that we now need to address. We believe. 284 00:15:20,400 --> 00:15:23,320 Speaker 1: And again I'm not a scientist, So we're talking to 285 00:15:23,480 --> 00:15:26,480 Speaker 1: and more importantly, and this is the key word, listening 286 00:15:26,840 --> 00:15:31,560 Speaker 1: to scientists and medical personnel, and what they're teaching us 287 00:15:31,640 --> 00:15:34,920 Speaker 1: is the virus will probably never completely go away. But 288 00:15:35,000 --> 00:15:37,160 Speaker 1: we'll be able to contain it, we'll be able to 289 00:15:37,160 --> 00:15:39,680 Speaker 1: treat it, we'll be able to trace it, we'll be 290 00:15:39,720 --> 00:15:42,240 Speaker 1: able to ultimately have a vaccine that will cure it. 291 00:15:42,840 --> 00:15:44,920 Speaker 1: But there will always be a segment of it out there, 292 00:15:45,040 --> 00:15:48,160 Speaker 1: and so we we are more focused on long term 293 00:15:48,200 --> 00:15:51,280 Speaker 1: because we open up next fall, and the long term 294 00:15:51,360 --> 00:15:55,360 Speaker 1: is just simple new technology. So for example, Amazon Go 295 00:15:55,920 --> 00:15:59,680 Speaker 1: is a fantastic technology. So the ability for a customer 296 00:15:59,720 --> 00:16:02,040 Speaker 1: to have and go and never go to a point 297 00:16:02,040 --> 00:16:05,000 Speaker 1: of purchase or a cast register or have to interact 298 00:16:05,040 --> 00:16:10,240 Speaker 1: with another employee fantastic technology and by the way, great 299 00:16:10,280 --> 00:16:13,640 Speaker 1: for health and wellness. Air circulation. We're spending a lot 300 00:16:13,680 --> 00:16:16,960 Speaker 1: of time with uh Emmy Engineering on how we handle 301 00:16:17,040 --> 00:16:21,600 Speaker 1: air circulation because in an enclosed arena, the trick is 302 00:16:21,600 --> 00:16:25,480 Speaker 1: not social distancing, no disrespect to social distancing. The trick 303 00:16:25,640 --> 00:16:28,800 Speaker 1: is that it's airborne and when it gets airborne, it 304 00:16:28,840 --> 00:16:32,200 Speaker 1: gets in a system, and if you don't have a constant, 305 00:16:32,320 --> 00:16:36,760 Speaker 1: clean air circulation within that bowl, then the chances of 306 00:16:36,800 --> 00:16:40,520 Speaker 1: people getting contaminated are greater within an arena compared to 307 00:16:40,520 --> 00:16:45,880 Speaker 1: a stadium. Sanitization suddenly becomes the next important item for us. 308 00:16:46,080 --> 00:16:48,040 Speaker 1: So not only do we have to clean the building 309 00:16:48,080 --> 00:16:51,800 Speaker 1: and have a janitorial service, but that janitorial service in 310 00:16:51,800 --> 00:16:54,600 Speaker 1: our case, Jane King has been working with us on 311 00:16:54,680 --> 00:16:58,160 Speaker 1: how do we do a second cleansing every night. That's 312 00:16:58,200 --> 00:17:01,880 Speaker 1: the sanitization. I think about how to have fewer lines 313 00:17:01,960 --> 00:17:04,720 Speaker 1: getting people in and out of restrooms quicker. I think 314 00:17:04,720 --> 00:17:07,200 Speaker 1: there's a lot of new technology that people are thinking 315 00:17:07,240 --> 00:17:10,760 Speaker 1: about that will make it healthier most of all. Just 316 00:17:10,880 --> 00:17:14,560 Speaker 1: like we did with l e ED and the gold 317 00:17:14,640 --> 00:17:18,080 Speaker 1: Standard on how we build these things to help the environment, 318 00:17:18,600 --> 00:17:21,360 Speaker 1: we now have created a wellness standard with a wellness 319 00:17:21,400 --> 00:17:25,720 Speaker 1: institute so that we are certified at meeting minimum standards. 320 00:17:25,720 --> 00:17:28,480 Speaker 1: So when people walk into our arenas, they'll see that 321 00:17:28,600 --> 00:17:31,840 Speaker 1: seal of approval and know that we've hit those standards 322 00:17:32,000 --> 00:17:35,199 Speaker 1: to protect their wellness and their health coming into the building. 323 00:17:35,880 --> 00:17:38,679 Speaker 1: But we also won't get caught up in thinking that 324 00:17:38,720 --> 00:17:41,600 Speaker 1: we're gonna be social distancing a year from now, because 325 00:17:41,600 --> 00:17:46,159 Speaker 1: social distancing is a temporary measure and economically sports and 326 00:17:46,240 --> 00:17:49,600 Speaker 1: music couldn't exist with social distancing long term. That that 327 00:17:49,640 --> 00:17:53,520 Speaker 1: doesn't work, Nor do I think we need social distancing 328 00:17:53,720 --> 00:17:57,320 Speaker 1: a year from now, hopefully, Tim, you know it's interesting 329 00:17:57,680 --> 00:18:00,200 Speaker 1: earlier in the conversation, we were talking about all the 330 00:18:00,240 --> 00:18:04,919 Speaker 1: different things that are going to change, maybe temporarily, others 331 00:18:04,960 --> 00:18:08,480 Speaker 1: more permanently when it comes to arena arenas, I should say, 332 00:18:08,520 --> 00:18:12,000 Speaker 1: and that plural is what's most interesting to me. As 333 00:18:12,000 --> 00:18:14,240 Speaker 1: you said, you've got six of these going on, what 334 00:18:14,359 --> 00:18:17,439 Speaker 1: are the consistent things, and what are maybe some of 335 00:18:17,480 --> 00:18:20,960 Speaker 1: the unique things, And maybe when you think about UBS, 336 00:18:21,040 --> 00:18:24,600 Speaker 1: what's unique to this New York market. So each and 337 00:18:24,640 --> 00:18:27,080 Speaker 1: every building and each and every market is a bit 338 00:18:27,280 --> 00:18:30,000 Speaker 1: unique as to the way we go about designing and 339 00:18:30,040 --> 00:18:33,040 Speaker 1: then operating and booking. So in the case of the 340 00:18:33,760 --> 00:18:39,000 Speaker 1: UBS Arena, the first point that is important is transportation. 341 00:18:39,280 --> 00:18:43,480 Speaker 1: So what we added to the commitment in our partnership 342 00:18:43,520 --> 00:18:45,600 Speaker 1: with the governor and the State of New York, because 343 00:18:45,600 --> 00:18:48,879 Speaker 1: that ultimately is our they're the landowner, and so we 344 00:18:48,920 --> 00:18:52,320 Speaker 1: signed a forty nine year lease with the governor and 345 00:18:52,520 --> 00:18:55,159 Speaker 1: for the record, found him to be very focused and 346 00:18:55,840 --> 00:18:59,560 Speaker 1: good to deal with in that particular lease and in 347 00:18:59,560 --> 00:19:03,119 Speaker 1: that part cular location. Transportation is a hot button. So 348 00:19:03,680 --> 00:19:06,840 Speaker 1: unless you're willing to drive, there was really no other 349 00:19:06,880 --> 00:19:08,959 Speaker 1: way to get to the U B S Arena. So 350 00:19:09,000 --> 00:19:11,320 Speaker 1: as part of our agreement with the state. We agreed 351 00:19:11,359 --> 00:19:15,960 Speaker 1: to help underwrite the first new Long Island railroad station 352 00:19:16,280 --> 00:19:18,520 Speaker 1: in fifty years in New York, and it will be 353 00:19:18,680 --> 00:19:22,320 Speaker 1: at Almont, right next to the Belmont Race track and 354 00:19:22,359 --> 00:19:25,159 Speaker 1: the new ub S Arena. So we we had to 355 00:19:25,200 --> 00:19:29,480 Speaker 1: add in transportation features that make it fairly unique, but 356 00:19:29,560 --> 00:19:32,480 Speaker 1: we also had to design it in a unique way 357 00:19:32,880 --> 00:19:36,240 Speaker 1: so that it fits into the history and tradition of 358 00:19:36,320 --> 00:19:40,760 Speaker 1: the Belmont and the Belmont Racetrack campus. So you'll see 359 00:19:41,280 --> 00:19:43,719 Speaker 1: a design and a facade that has a lot of bricks. 360 00:19:44,400 --> 00:19:48,360 Speaker 1: It really has a feel of being more geared towards 361 00:19:48,400 --> 00:19:53,920 Speaker 1: a n building like the Empire State Building. So there's 362 00:19:53,960 --> 00:19:57,919 Speaker 1: a history and a tradition that really directed us on 363 00:19:58,000 --> 00:20:01,119 Speaker 1: the way we saw that building. And Scott Maltin, the 364 00:20:01,119 --> 00:20:03,520 Speaker 1: owner of the Islanders and our partner on the arena, 365 00:20:04,040 --> 00:20:08,159 Speaker 1: was really driven at honoring that history and tradition. So 366 00:20:08,280 --> 00:20:12,200 Speaker 1: that different than Safe Seattle and the Climate Pledge Arena 367 00:20:12,359 --> 00:20:16,119 Speaker 1: where we actually kept the historic route because it was 368 00:20:16,160 --> 00:20:21,879 Speaker 1: from and the World's Fair. That World's Fair was dramatic 369 00:20:22,359 --> 00:20:25,919 Speaker 1: within our community in our country because it was the 370 00:20:25,920 --> 00:20:29,159 Speaker 1: one that got us back into space and technology, and 371 00:20:29,320 --> 00:20:33,440 Speaker 1: interestingly enough, Bill Gates and and Paul Allen occasionally talk 372 00:20:33,560 --> 00:20:38,000 Speaker 1: about the influence of that World's Fair as to their 373 00:20:38,040 --> 00:20:41,080 Speaker 1: career paths and what they became interested in. And so 374 00:20:41,840 --> 00:20:45,159 Speaker 1: each and every building always has a different element and 375 00:20:45,240 --> 00:20:49,280 Speaker 1: a different design and a different operational standard that has 376 00:20:49,320 --> 00:20:53,119 Speaker 1: to be built directly for those buildings. But there's some 377 00:20:53,200 --> 00:20:55,920 Speaker 1: things we do share. So we're very big on five G. 378 00:20:56,760 --> 00:20:59,800 Speaker 1: We have a five G partner that will do all 379 00:20:59,880 --> 00:21:03,479 Speaker 1: of our campuses for all of our buildings in the US, 380 00:21:04,240 --> 00:21:07,879 Speaker 1: and we think that by wiring a campus, not just 381 00:21:07,960 --> 00:21:12,560 Speaker 1: a building, it changes the way our customers interact with us. 382 00:21:12,680 --> 00:21:17,119 Speaker 1: Our customers park it's a reserve, parking pre reserve, food, 383 00:21:17,560 --> 00:21:21,199 Speaker 1: direction on what entrance to come and go from, waiting lines, 384 00:21:21,240 --> 00:21:25,159 Speaker 1: in which restrooms have the shortest lines. That the the 385 00:21:25,200 --> 00:21:28,600 Speaker 1: ability to take five G and incorporate it in all 386 00:21:28,720 --> 00:21:31,920 Speaker 1: three of our big buildings in the US and change 387 00:21:32,320 --> 00:21:36,480 Speaker 1: customer habits and make the experience a much more pleasant 388 00:21:36,480 --> 00:21:41,280 Speaker 1: experience is something we're sharing across all three. Well, I 389 00:21:41,280 --> 00:21:43,159 Speaker 1: can tell you another way that five G is going 390 00:21:43,200 --> 00:21:45,520 Speaker 1: to be very important to a guy like me, And 391 00:21:45,680 --> 00:21:47,840 Speaker 1: I know everybody in the audience is thinking like this 392 00:21:47,880 --> 00:21:50,760 Speaker 1: guy is just a gambling fool, but it is true. 393 00:21:51,119 --> 00:21:54,000 Speaker 1: And when you're there and you're in the arena and 394 00:21:54,040 --> 00:21:58,040 Speaker 1: you're watching the Islanders in game betting has become huge 395 00:21:58,680 --> 00:22:03,800 Speaker 1: when you're when you're doing this online or or wherever 396 00:22:03,880 --> 00:22:06,240 Speaker 1: you're going to try to do it. Uh, can you 397 00:22:06,280 --> 00:22:09,240 Speaker 1: expand more on that and what this would mean for 398 00:22:09,320 --> 00:22:13,800 Speaker 1: people trying to gamble online. Eventually one day when New 399 00:22:13,880 --> 00:22:17,320 Speaker 1: York to Science, Hey, we're going to get into it. Yeah. 400 00:22:17,480 --> 00:22:21,240 Speaker 1: So a good point. And again we've kind of taken 401 00:22:21,280 --> 00:22:25,119 Speaker 1: an attitude of we may not be in that particular 402 00:22:25,119 --> 00:22:28,920 Speaker 1: business or own that particular platform, but for our customers 403 00:22:29,160 --> 00:22:35,320 Speaker 1: and Island or customers in particular, or cracking customers in Seattle, UM, 404 00:22:35,400 --> 00:22:37,800 Speaker 1: we know that that may be something that's very important 405 00:22:37,840 --> 00:22:40,040 Speaker 1: to them and it adds to the experience now and 406 00:22:40,119 --> 00:22:43,440 Speaker 1: it gets them and in an activation that they haven't 407 00:22:43,440 --> 00:22:46,560 Speaker 1: had in the past. So our goal and our job 408 00:22:46,760 --> 00:22:49,800 Speaker 1: is to make sure connectivity is our highest priority. So 409 00:22:49,920 --> 00:22:53,680 Speaker 1: nothing drives people crazier than going into a big bowl 410 00:22:54,240 --> 00:22:58,080 Speaker 1: or a big stadium and they can't get WiFi DOST signals. 411 00:22:58,160 --> 00:23:01,040 Speaker 1: So we've spent a lot of time time with our 412 00:23:01,359 --> 00:23:05,800 Speaker 1: soon to be named telecom partner and they are possessed 413 00:23:05,840 --> 00:23:10,160 Speaker 1: like I am on and I know this really sounds bizarre, 414 00:23:10,240 --> 00:23:14,800 Speaker 1: but believe it or not, antennas systems and arenas traditionally 415 00:23:15,080 --> 00:23:19,520 Speaker 1: are located underneath seats in arenas. So if you just 416 00:23:20,040 --> 00:23:23,680 Speaker 1: logically think about we'll wait a minute, so that antennis 417 00:23:23,680 --> 00:23:27,000 Speaker 1: signal is traveling through the seat, traveling through the person 418 00:23:27,040 --> 00:23:30,920 Speaker 1: sitting on the seat, and it's going down to up. 419 00:23:31,520 --> 00:23:34,919 Speaker 1: And yet if you think about a typical arena experience, 420 00:23:35,480 --> 00:23:38,879 Speaker 1: the lights are up high, the scoreboards up high, they 421 00:23:38,880 --> 00:23:42,159 Speaker 1: are handling systems up high, the light safety systems are 422 00:23:42,240 --> 00:23:45,920 Speaker 1: up high. Why aren't our antennas up high where they're 423 00:23:45,960 --> 00:23:50,680 Speaker 1: unobstructed as to the signal. So our engineers were challenged 424 00:23:50,880 --> 00:23:53,639 Speaker 1: and we said, our job is not to go create 425 00:23:53,680 --> 00:23:56,760 Speaker 1: every platform that people ultimately want to jump into in 426 00:23:56,840 --> 00:23:59,320 Speaker 1: order to have a better experience once they come into 427 00:23:59,359 --> 00:24:01,560 Speaker 1: the bowl. Our job is to make sure we could 428 00:24:01,560 --> 00:24:04,920 Speaker 1: connect them. So figure that out. So they are working 429 00:24:05,240 --> 00:24:10,040 Speaker 1: religiously on how we create a better antennas system to 430 00:24:10,160 --> 00:24:15,199 Speaker 1: get connection to that consumer in the bowl, so you 431 00:24:15,200 --> 00:24:18,040 Speaker 1: could tap into whatever you want and we don't have 432 00:24:18,160 --> 00:24:21,520 Speaker 1: a disruption or a weight, and that's what five G 433 00:24:21,760 --> 00:24:27,080 Speaker 1: offers us is good news is far more capability and capacity. 434 00:24:27,640 --> 00:24:30,520 Speaker 1: Bad news is we gotta have bigger, better antennas and 435 00:24:30,560 --> 00:24:34,520 Speaker 1: we're working on that. Now here's your chance for breaking 436 00:24:34,520 --> 00:24:36,399 Speaker 1: news to him? Any chance you could give us a 437 00:24:36,440 --> 00:24:42,399 Speaker 1: little hint to who the telecommunication partner? Maybe not if 438 00:24:42,440 --> 00:24:49,040 Speaker 1: I want to keep them. It's breaking news. It's breaking news, 439 00:24:49,560 --> 00:24:52,879 Speaker 1: but I'll set you. We we spent a lot of 440 00:24:52,920 --> 00:24:56,679 Speaker 1: time learning and I'm I'm not a tech geek, so 441 00:24:56,760 --> 00:24:59,800 Speaker 1: I it took me longer than most. And what we 442 00:24:59,840 --> 00:25:03,359 Speaker 1: were most focused on is they all claim that they're 443 00:25:03,600 --> 00:25:06,919 Speaker 1: leading the world in five g We got past that, 444 00:25:07,359 --> 00:25:10,119 Speaker 1: and what we found is the people we ended up 445 00:25:10,160 --> 00:25:13,359 Speaker 1: to up with as a partner, they are tech geeks 446 00:25:13,600 --> 00:25:17,359 Speaker 1: and so they are very It's funny I mentioned antenna 447 00:25:17,720 --> 00:25:20,480 Speaker 1: and an hour later they get done telling me about 448 00:25:20,560 --> 00:25:24,000 Speaker 1: new research on antennas. And that's what you get. You know, 449 00:25:24,119 --> 00:25:26,320 Speaker 1: that's the world we're gonna live in now, which is 450 00:25:26,400 --> 00:25:28,439 Speaker 1: you don't want to go sit in an arena and 451 00:25:28,440 --> 00:25:32,000 Speaker 1: not be able to get a signal. Tim, I gotta 452 00:25:32,119 --> 00:25:35,160 Speaker 1: ask you, you know, sort of in this era that 453 00:25:35,240 --> 00:25:38,800 Speaker 1: we're living in now, and I know it's temporary, but 454 00:25:39,080 --> 00:25:42,840 Speaker 1: you have this incredible background of working across all sorts 455 00:25:42,880 --> 00:25:46,560 Speaker 1: of live events, not just sports. Tell us about the 456 00:25:46,760 --> 00:25:50,240 Speaker 1: entertainment industry right now? And I'm thinking of your time 457 00:25:50,280 --> 00:25:54,959 Speaker 1: obviously at a e G and elsewhere. What are we 458 00:25:55,000 --> 00:25:57,879 Speaker 1: gonna do for entertainment going forward? How is the world 459 00:25:57,920 --> 00:26:01,239 Speaker 1: beyond sports going to change when you think about the 460 00:26:01,280 --> 00:26:06,399 Speaker 1: next normal? So? Uh, we spend a lot of time 461 00:26:06,480 --> 00:26:10,480 Speaker 1: dealing with that today. I remember back at a G. 462 00:26:11,400 --> 00:26:14,160 Speaker 1: I always thought one of the real strengths of our company, 463 00:26:14,200 --> 00:26:16,639 Speaker 1: and a lot of credit to Phil and Shows the owner, 464 00:26:17,320 --> 00:26:19,280 Speaker 1: is when we hit these moments. And we hit a 465 00:26:19,359 --> 00:26:22,200 Speaker 1: few of these back then. So we had nine eleven, 466 00:26:22,400 --> 00:26:25,480 Speaker 1: and I think for a fairer amount of time after 467 00:26:25,600 --> 00:26:28,840 Speaker 1: nine eleven, we were not convinced the world would return 468 00:26:28,880 --> 00:26:33,480 Speaker 1: to normal. Um. We had the Great Recession in oh eight, 469 00:26:34,040 --> 00:26:37,280 Speaker 1: and that was right when we were building and opening 470 00:26:37,640 --> 00:26:40,920 Speaker 1: the largest hotel in downtown Los Angeles, the j D 471 00:26:41,520 --> 00:26:44,760 Speaker 1: the j W Marriott Ritz And those were moments where 472 00:26:44,760 --> 00:26:47,560 Speaker 1: you kind of take a step back and go should 473 00:26:47,600 --> 00:26:50,680 Speaker 1: I be doing this? Um? Should we at oak View 474 00:26:50,720 --> 00:26:56,520 Speaker 1: Group be spending four billion privately to build threnas in Milan, Manchester, 475 00:26:56,680 --> 00:27:00,720 Speaker 1: New York, Austin, uh, in Palm Springs and in Seattle. 476 00:27:01,640 --> 00:27:05,480 Speaker 1: I think you have to have an attitude of being 477 00:27:06,800 --> 00:27:10,000 Speaker 1: a visionary over ten or twenty years and not the moment. 478 00:27:10,640 --> 00:27:13,120 Speaker 1: You have to acknowledge the moment. You have to accept 479 00:27:13,240 --> 00:27:15,639 Speaker 1: the moment's going to change things. By the way, the 480 00:27:15,680 --> 00:27:18,959 Speaker 1: moment has scared a lot of people off, so we 481 00:27:18,960 --> 00:27:20,960 Speaker 1: we don't have a lot of competitors now. That either 482 00:27:21,160 --> 00:27:24,040 Speaker 1: means that competitors are much smarter than I am, and 483 00:27:24,320 --> 00:27:27,040 Speaker 1: two years from now, they'll be saying, well, we don't 484 00:27:27,040 --> 00:27:29,119 Speaker 1: have to compete against them anymore because they were wrong 485 00:27:29,720 --> 00:27:33,080 Speaker 1: or our bat is right, which is this is going 486 00:27:33,160 --> 00:27:37,480 Speaker 1: to fine tune the industry. It's going to make the 487 00:27:37,520 --> 00:27:42,119 Speaker 1: industry better as we try to survive this current moment 488 00:27:42,200 --> 00:27:44,879 Speaker 1: where we're all locked down, and it's going to have 489 00:27:44,920 --> 00:27:49,000 Speaker 1: a huge impact on those that didn't have the resources 490 00:27:49,600 --> 00:27:53,240 Speaker 1: or the depth to survive this. And so we're going 491 00:27:53,280 --> 00:27:55,359 Speaker 1: to come out of this, We're gonna come out better. 492 00:27:56,040 --> 00:27:59,199 Speaker 1: It's it I think if you look at history, So 493 00:27:59,240 --> 00:28:01,800 Speaker 1: if you look at this Spanish flu and that epidemic, 494 00:28:02,520 --> 00:28:05,119 Speaker 1: what came out of that lockdown in two years worth 495 00:28:05,160 --> 00:28:08,919 Speaker 1: of terrible misery and by the way, World War one 496 00:28:09,440 --> 00:28:16,040 Speaker 1: is the Roaring twenties and suddenly going out lifestyle, entertainment, music, culture, sports. 497 00:28:16,560 --> 00:28:19,520 Speaker 1: It had one of its greatest decades during that period 498 00:28:19,520 --> 00:28:22,800 Speaker 1: of time. I think there will be pent up demands. 499 00:28:23,280 --> 00:28:26,680 Speaker 1: I think we will get past the health issues and 500 00:28:26,720 --> 00:28:29,280 Speaker 1: we have the smartest, best minds in the world that 501 00:28:29,320 --> 00:28:31,600 Speaker 1: are going to figure this out and put the virus 502 00:28:31,600 --> 00:28:33,600 Speaker 1: in a box and we're gonna be able to learn 503 00:28:33,680 --> 00:28:36,840 Speaker 1: to live with this virus like we have every other virus. 504 00:28:36,960 --> 00:28:39,600 Speaker 1: I think we will have to make changes. I think 505 00:28:39,640 --> 00:28:42,640 Speaker 1: we will have to be better that I think overall, 506 00:28:43,160 --> 00:28:46,520 Speaker 1: music and sports are going to come roaring back because 507 00:28:46,560 --> 00:28:49,200 Speaker 1: we as a community need to come together and celebrate. 508 00:28:49,640 --> 00:28:53,320 Speaker 1: That is an inherent part of our makeup as human beings. 509 00:28:53,720 --> 00:28:56,080 Speaker 1: And I'm betting on that. Our company is betting on that. 510 00:28:56,600 --> 00:29:00,000 Speaker 1: We've been on good markets. Uh. I was in Milans 511 00:29:00,040 --> 00:29:03,600 Speaker 1: in February right when the virus was hitting there, and 512 00:29:03,680 --> 00:29:08,040 Speaker 1: it really not that city and that community for a loop. 513 00:29:08,640 --> 00:29:11,840 Speaker 1: But this arena we're building there is going to be 514 00:29:11,880 --> 00:29:16,000 Speaker 1: the Olympic venue for the Winter Olympics, and I would 515 00:29:16,040 --> 00:29:21,120 Speaker 1: guess that the winner Olympics will be more important and 516 00:29:21,240 --> 00:29:25,160 Speaker 1: a greater event than what we've been dealing with. For example, 517 00:29:25,200 --> 00:29:28,160 Speaker 1: next year in Japan, I think the building in New York, 518 00:29:28,760 --> 00:29:31,080 Speaker 1: there's ten million people that live in Long Island. So 519 00:29:31,200 --> 00:29:35,120 Speaker 1: ub S Arena, I think is the sweet spot and 520 00:29:35,240 --> 00:29:38,600 Speaker 1: the one unserved market in all of New York. And 521 00:29:38,680 --> 00:29:42,320 Speaker 1: I think we've hit it right. So you gotta have guts, 522 00:29:42,360 --> 00:29:46,040 Speaker 1: you gotta have vision, you gotta listen to people. And 523 00:29:46,320 --> 00:29:49,040 Speaker 1: we've been listening to a lot of smart people, from 524 00:29:49,480 --> 00:29:53,440 Speaker 1: the Gates Foundation to our task force that we created, 525 00:29:53,840 --> 00:29:57,640 Speaker 1: and they've gotten us comfortable that we still have pain, 526 00:29:58,280 --> 00:30:01,520 Speaker 1: we still have disap we're gonna have to find we 527 00:30:01,520 --> 00:30:03,200 Speaker 1: we still have to learn how to wear a masks. 528 00:30:04,040 --> 00:30:05,760 Speaker 1: But we're going to come out of this and by 529 00:30:05,840 --> 00:30:10,440 Speaker 1: next year, music, sports and live entertainment will come back, 530 00:30:10,800 --> 00:30:13,800 Speaker 1: and when it comes back, will make changes to be 531 00:30:13,800 --> 00:30:17,880 Speaker 1: better and people will come roaring back for the experience 532 00:30:18,240 --> 00:30:20,440 Speaker 1: because of the pent up demand that we are building. 533 00:30:22,240 --> 00:30:24,920 Speaker 1: One thing, I believe you guys are in our carbon 534 00:30:25,120 --> 00:30:30,800 Speaker 1: zero arenas. Now, old knucklehead bar is thinking, okay, carbon 535 00:30:30,920 --> 00:30:35,040 Speaker 1: zero that means okay, cleaner fuel and cars admitting less. 536 00:30:35,440 --> 00:30:37,480 Speaker 1: But when you have an arena, in my mind, well 537 00:30:37,520 --> 00:30:39,800 Speaker 1: it's just sitting there so can you explain to me 538 00:30:40,600 --> 00:30:47,280 Speaker 1: carbon zero arena. So it it's fortunately or unfortunately depending 539 00:30:47,280 --> 00:30:50,640 Speaker 1: on if you're solving the problem or trying to do 540 00:30:51,040 --> 00:30:54,360 Speaker 1: ultimately get ahead of the problem. It does involve the 541 00:30:54,360 --> 00:30:57,120 Speaker 1: cars and the transportation and the truck so in Seattle, 542 00:30:57,720 --> 00:30:59,440 Speaker 1: and I really give a lot of the credit here 543 00:30:59,480 --> 00:31:01,959 Speaker 1: to Amazon and Jeff Bezos. He really wanted to do 544 00:31:02,040 --> 00:31:06,240 Speaker 1: something spectacular. There is no carbon neutral arena anywhere in 545 00:31:06,240 --> 00:31:08,880 Speaker 1: the world. But in order to get there, we had 546 00:31:08,920 --> 00:31:11,800 Speaker 1: to get rid of the gas and go to all electricity. 547 00:31:12,040 --> 00:31:14,360 Speaker 1: But we had already put in the gas lines for 548 00:31:14,480 --> 00:31:17,360 Speaker 1: the building, so we had to go back and pull 549 00:31:17,440 --> 00:31:21,800 Speaker 1: them out and build in some new electrical UH stations 550 00:31:21,840 --> 00:31:25,120 Speaker 1: and lines and juice. So we we've had to learn 551 00:31:25,160 --> 00:31:28,120 Speaker 1: how to cook with just electricity and no gas. No 552 00:31:28,200 --> 00:31:30,960 Speaker 1: arena has ever done that before. We do have to 553 00:31:31,000 --> 00:31:34,800 Speaker 1: think about the trucks for the concerts, so we have 554 00:31:35,200 --> 00:31:38,240 Speaker 1: a green sea that we asked the artists to buy 555 00:31:38,360 --> 00:31:43,120 Speaker 1: carbon credits to be able to neutralize the carbon that 556 00:31:43,200 --> 00:31:46,200 Speaker 1: their trucks utilized coming and going from the arena. So 557 00:31:46,240 --> 00:31:49,400 Speaker 1: we do think about that. We are not building We're 558 00:31:49,440 --> 00:31:53,480 Speaker 1: only building four D and sixty parking spaces next to 559 00:31:53,520 --> 00:31:56,560 Speaker 1: the arena. That's it. We're thinking about light rail. We 560 00:31:56,640 --> 00:32:00,280 Speaker 1: went and bought the monorail and partnership with a current 561 00:32:00,320 --> 00:32:03,880 Speaker 1: owners in Seattle to get people to use the monorail. 562 00:32:04,360 --> 00:32:10,280 Speaker 1: So we started thinking about electric stations, electric cars, mass rails, 563 00:32:10,480 --> 00:32:15,480 Speaker 1: light rails, monorail, and we we absolutely do account for 564 00:32:15,520 --> 00:32:19,520 Speaker 1: every trip count of every car that goes into every 565 00:32:19,520 --> 00:32:23,520 Speaker 1: event and our building, and how we offset that by 566 00:32:23,560 --> 00:32:28,480 Speaker 1: doing things like solar panels, carbon credits. We're even looking 567 00:32:28,560 --> 00:32:32,480 Speaker 1: at eliminating all single use plastic in the building within 568 00:32:32,520 --> 00:32:35,920 Speaker 1: the first two years, because that's one of the greatest 569 00:32:36,840 --> 00:32:40,480 Speaker 1: pieces of of what is affecting our earth and hurting 570 00:32:40,480 --> 00:32:44,680 Speaker 1: our earth, and so our our Golden Air was set 571 00:32:44,680 --> 00:32:46,800 Speaker 1: a new standard for the industry. Prove that you can 572 00:32:46,840 --> 00:32:50,720 Speaker 1: do it. Um think outside the box on how not 573 00:32:50,840 --> 00:32:54,240 Speaker 1: only we operate, but we all set transportation to and 574 00:32:54,320 --> 00:32:57,760 Speaker 1: from our events, and then hopefully the rest of the 575 00:32:57,840 --> 00:33:01,120 Speaker 1: industry will now follow us and it'll set a precedent 576 00:33:01,840 --> 00:33:04,800 Speaker 1: on how we as a generation can now try to 577 00:33:04,800 --> 00:33:09,680 Speaker 1: heal our planet. Jim, I'm gonna ask you about some 578 00:33:09,760 --> 00:33:12,480 Speaker 1: of the adjacent facilities to the UBS Arena down in 579 00:33:12,520 --> 00:33:16,480 Speaker 1: New York Um, I've been to Staples uh number of 580 00:33:16,520 --> 00:33:19,320 Speaker 1: times when there's been an NBA final and the places bumping. 581 00:33:19,360 --> 00:33:21,560 Speaker 1: And I've been there when there's been no event inside 582 00:33:21,560 --> 00:33:24,880 Speaker 1: Staples Center and this place is still bumping outside with 583 00:33:25,000 --> 00:33:27,880 Speaker 1: all the restaurants, the hotel into J W. Marry. It's 584 00:33:27,960 --> 00:33:29,760 Speaker 1: very very close to what if I if I recall, 585 00:33:30,440 --> 00:33:32,920 Speaker 1: um all the places to eat? Um, do you have 586 00:33:33,000 --> 00:33:35,960 Speaker 1: similar plans for ubs? I know, I'm a Boston guy. 587 00:33:36,080 --> 00:33:38,600 Speaker 1: When when Robert Kraft built the Gillette Stadium, all of 588 00:33:38,640 --> 00:33:42,080 Speaker 1: a sudden, he's got restaurants in hotels, a hospital, and 589 00:33:42,120 --> 00:33:45,840 Speaker 1: all kinds of retail stores going surrounding the Gillette Stadium. 590 00:33:45,920 --> 00:33:48,880 Speaker 1: So it's it's a seven day a week destination, not 591 00:33:49,000 --> 00:33:54,479 Speaker 1: just a Sunday afternoon. Yeah. So, um, you would hit 592 00:33:54,560 --> 00:33:57,640 Speaker 1: upon what I think is the great opportunity at Belmont. 593 00:33:58,160 --> 00:34:01,000 Speaker 1: So if you look at New York City and NASA County, 594 00:34:01,040 --> 00:34:03,640 Speaker 1: and we're in both, so we're right on the line. 595 00:34:04,240 --> 00:34:06,600 Speaker 1: So some of what we're building is in the city 596 00:34:06,600 --> 00:34:09,040 Speaker 1: and some of what we're building, for example, the arena 597 00:34:09,560 --> 00:34:14,520 Speaker 1: is in Nassau County where the vision eventually will lead to. 598 00:34:15,000 --> 00:34:17,879 Speaker 1: And this is really Scott Malcolin my partner, this leading 599 00:34:17,880 --> 00:34:21,600 Speaker 1: to charge on this. He's really the best developer of 600 00:34:21,680 --> 00:34:25,040 Speaker 1: high end retail in the industry. He's built some of 601 00:34:25,080 --> 00:34:30,240 Speaker 1: the highest grossing per square foot retail centers in the world, 602 00:34:30,800 --> 00:34:33,080 Speaker 1: and I he has a vision on what he wants 603 00:34:33,120 --> 00:34:36,360 Speaker 1: to create here. We would like a hotel to be 604 00:34:36,440 --> 00:34:40,080 Speaker 1: part of the campus because obviously people travel to come 605 00:34:40,120 --> 00:34:43,960 Speaker 1: see concerts and island or hockey games, including the teams. 606 00:34:44,680 --> 00:34:47,880 Speaker 1: Gary Bettman has indicated a desire to give us, hopefully 607 00:34:48,280 --> 00:34:51,560 Speaker 1: both an All Star Game and a NHL draft, and 608 00:34:51,600 --> 00:34:54,360 Speaker 1: that means you have to have an active campus. What 609 00:34:54,520 --> 00:34:57,320 Speaker 1: we have that gives us look campuses and l A 610 00:34:57,400 --> 00:35:00,439 Speaker 1: Live was a great example. It's just maths how many 611 00:35:00,480 --> 00:35:02,480 Speaker 1: people are going to walk in and around my campus 612 00:35:02,520 --> 00:35:05,560 Speaker 1: to drive my businesses and does that help guide me 613 00:35:05,640 --> 00:35:07,880 Speaker 1: to the vision I want to create. We have the 614 00:35:07,960 --> 00:35:11,200 Speaker 1: racetracks in the Belmont Stakes, we have the arena, and 615 00:35:11,239 --> 00:35:14,839 Speaker 1: we have the retail. If you combine those three, this 616 00:35:14,960 --> 00:35:17,600 Speaker 1: is a campus that will have well over ten million 617 00:35:17,640 --> 00:35:20,520 Speaker 1: people a year that will come and go. That then 618 00:35:20,600 --> 00:35:24,760 Speaker 1: creates economics and demand for restaurants and bars and nightlights, 619 00:35:25,239 --> 00:35:28,240 Speaker 1: and it gives us the ability to have a massive 620 00:35:28,320 --> 00:35:32,800 Speaker 1: economic impact on the community and by the way, all private. 621 00:35:33,200 --> 00:35:37,320 Speaker 1: So the arena alone is a billion dollar economic impact 622 00:35:37,400 --> 00:35:41,439 Speaker 1: over forty nine years. But more importantly, because it's four 623 00:35:41,880 --> 00:35:45,359 Speaker 1: acres of land, we have the ability of creating a 624 00:35:45,440 --> 00:35:48,640 Speaker 1: point of destination. That's hard to do in New York 625 00:35:49,040 --> 00:35:53,320 Speaker 1: because the Garden and Barkley Center were built around railroad 626 00:35:53,360 --> 00:35:56,839 Speaker 1: stations and so it complined what they can and cannot do. 627 00:35:57,400 --> 00:36:00,200 Speaker 1: We don't have those restrictions, so we do the US 628 00:36:00,280 --> 00:36:02,400 Speaker 1: right and I think Scott Malcoln is one of the 629 00:36:02,400 --> 00:36:06,640 Speaker 1: best developers I've ever seen. I think appointed destination retail, 630 00:36:07,239 --> 00:36:11,480 Speaker 1: appointed destination hotel, and the ability to create a campus 631 00:36:11,640 --> 00:36:14,600 Speaker 1: in that part of the world. Again, ten million people 632 00:36:14,920 --> 00:36:17,600 Speaker 1: live in and around this arena, and it's closer to 633 00:36:17,640 --> 00:36:19,719 Speaker 1: get to this arena than it will be the other 634 00:36:19,760 --> 00:36:23,200 Speaker 1: arenas in the marketplace. If we do it right, this 635 00:36:23,280 --> 00:36:27,440 Speaker 1: is a five billion dollar dream one day. Wow. Well, 636 00:36:27,840 --> 00:36:31,239 Speaker 1: we're looking forward for so many reasons to taking in 637 00:36:31,880 --> 00:36:35,840 Speaker 1: a hockey game there at the newly named Ubs Arena. 638 00:36:35,920 --> 00:36:39,919 Speaker 1: It's opening next fall. Our thanks, thank you so much. 639 00:36:40,200 --> 00:36:43,920 Speaker 1: Oak View Group CEO Tim like Wiki. Good luck to 640 00:36:43,960 --> 00:36:46,799 Speaker 1: you and all your travels and all your development. You 641 00:36:46,840 --> 00:36:48,919 Speaker 1: are one of the busiest people I think we've ever 642 00:36:49,000 --> 00:36:52,080 Speaker 1: talked to, and one of the most ambitious in many ways. 643 00:36:52,080 --> 00:36:54,759 Speaker 1: So good luck, thank you. And by the way, if 644 00:36:54,760 --> 00:36:56,600 Speaker 1: you come to the arena next year and I'm serving 645 00:36:56,640 --> 00:36:59,000 Speaker 1: hot dogs, it probably didn't go so well for me, 646 00:36:59,080 --> 00:37:06,359 Speaker 1: so we'll see. Well, here's hoping, here's hoping. Thank you 647 00:37:06,400 --> 00:37:12,880 Speaker 1: so much. I like serving hot dogs, so guys, I 648 00:37:12,960 --> 00:37:16,359 Speaker 1: have to say, even reading in on this, I had 649 00:37:16,400 --> 00:37:20,520 Speaker 1: a sense of the ambition that this guy has. But 650 00:37:21,360 --> 00:37:23,839 Speaker 1: he's looking to change the world in many ways. Mike 651 00:37:23,960 --> 00:37:28,320 Speaker 1: Lynch absolutely. My takeaway from this is that the question 652 00:37:28,360 --> 00:37:30,200 Speaker 1: I asked him about nine and love and change the 653 00:37:30,200 --> 00:37:32,520 Speaker 1: way we travel through airports and will this change the 654 00:37:32,560 --> 00:37:35,400 Speaker 1: way you're constructing He said absolutely. Uh, there's a lot 655 00:37:35,440 --> 00:37:38,960 Speaker 1: of things they have to think about, technology, air cleaning. 656 00:37:38,960 --> 00:37:40,920 Speaker 1: Don't worry, Michael Barr, I'm not going to take away 657 00:37:40,960 --> 00:37:42,920 Speaker 1: the thing that I know you want to talk about, 658 00:37:47,320 --> 00:37:51,160 Speaker 1: um concessions. He's gonna They're gonna go with this the 659 00:37:51,239 --> 00:37:53,759 Speaker 1: model of Amazon go. Never gonna have to stand in 660 00:37:53,840 --> 00:37:57,040 Speaker 1: line and wait for Tim to put a hot dog 661 00:37:57,040 --> 00:37:59,640 Speaker 1: in a bun for us, and stand in a line 662 00:37:59,680 --> 00:38:01,560 Speaker 1: and and check out. You'll be gonna be able to 663 00:38:01,560 --> 00:38:04,279 Speaker 1: grab a soda or water and a hot dog or 664 00:38:04,280 --> 00:38:07,399 Speaker 1: a slice of pizza and Amazon Go is gonna track 665 00:38:07,440 --> 00:38:10,600 Speaker 1: you and just to deleted or debited from your account. 666 00:38:11,000 --> 00:38:14,240 Speaker 1: I thought that was my might takeaway. Yeah, the debits 667 00:38:14,239 --> 00:38:17,320 Speaker 1: from Michael Barr's account. I mean the credits, sorry, the credits. 668 00:38:17,400 --> 00:38:21,840 Speaker 1: The credits credits are all gonna be five G enabled apparently, 669 00:38:21,920 --> 00:38:26,719 Speaker 1: bar Gee, I don't know what you guys are talking about. Now. 670 00:38:26,760 --> 00:38:29,840 Speaker 1: You know what, when when New York gets on the 671 00:38:29,840 --> 00:38:33,440 Speaker 1: the online bandwagon for inline betting, that is going to 672 00:38:33,480 --> 00:38:37,879 Speaker 1: be huge because he's right, Uh, with five G going there, 673 00:38:38,440 --> 00:38:41,000 Speaker 1: nothing is more in saying, look, forget about the betting part. 674 00:38:41,160 --> 00:38:43,399 Speaker 1: But let's just say you want to just send out 675 00:38:43,400 --> 00:38:47,000 Speaker 1: a tweet to somebody, Hey, I'm I'm at the New 676 00:38:47,040 --> 00:38:50,279 Speaker 1: Arena and I'm watching the Islanders and you can't get 677 00:38:50,320 --> 00:38:54,600 Speaker 1: a signal, and that is is just hair pulling. So 678 00:38:54,800 --> 00:38:57,759 Speaker 1: kudos to them for making it a five G unit. 679 00:38:59,239 --> 00:39:01,600 Speaker 1: I have to say, the one thing that really stuck 680 00:39:01,640 --> 00:39:03,200 Speaker 1: with me too, and he mentioned it a couple of times, 681 00:39:03,200 --> 00:39:06,560 Speaker 1: and I'm glad he did, was just the sheer amount 682 00:39:06,600 --> 00:39:10,160 Speaker 1: of people who are in proximity to that new arena 683 00:39:10,280 --> 00:39:13,960 Speaker 1: in Long ten million people closer to there than they 684 00:39:14,000 --> 00:39:16,279 Speaker 1: are to the other arenas, because as he said at 685 00:39:16,280 --> 00:39:18,799 Speaker 1: the very top, this is a crowded market. We know that, 686 00:39:19,320 --> 00:39:22,760 Speaker 1: uh here in the Tri state area, but we also 687 00:39:22,800 --> 00:39:25,200 Speaker 1: know that there are some rabid fans out there on 688 00:39:25,360 --> 00:39:28,879 Speaker 1: the island of Long, So it'll be interesting to see 689 00:39:28,880 --> 00:39:31,920 Speaker 1: what they do. And I think Lynchia, I loved the 690 00:39:31,920 --> 00:39:34,920 Speaker 1: comparison you made to Staples Center because you're exactly right. 691 00:39:34,920 --> 00:39:38,640 Speaker 1: I mean, downtown l A was not, to use your term, 692 00:39:38,680 --> 00:39:41,640 Speaker 1: bumping for a long time, and now you go to 693 00:39:42,000 --> 00:39:44,960 Speaker 1: a Lakers game. I went to a couple when basketball 694 00:39:45,000 --> 00:39:47,680 Speaker 1: was actually being played this past season, and uh, it's 695 00:39:47,680 --> 00:39:50,160 Speaker 1: incredible what's going on out there. If they could replicate 696 00:39:50,239 --> 00:39:53,280 Speaker 1: any sense of that out by Belmont, that'll really be something. 697 00:39:53,840 --> 00:39:56,920 Speaker 1: Absolutely it's it's and again it's it's a destination on 698 00:39:57,160 --> 00:39:59,839 Speaker 1: a non non game, a non concert night that you say, 699 00:40:00,040 --> 00:40:02,480 Speaker 1: let's go down to Staples Center, let's go to uh, 700 00:40:02,560 --> 00:40:05,040 Speaker 1: you know, someplace here and let's get something to eat 701 00:40:05,040 --> 00:40:07,080 Speaker 1: and drink and just walk around and uh, and it's 702 00:40:07,120 --> 00:40:09,800 Speaker 1: festive and it's happening. And when when there's an event, 703 00:40:10,000 --> 00:40:16,759 Speaker 1: you know, it's really amps up. Yeah. Absolutely feels better 704 00:40:16,800 --> 00:40:18,440 Speaker 1: to be a number one than number five. I wear 705 00:40:18,480 --> 00:40:20,200 Speaker 1: a number because of Mike. We have a chance to 706 00:40:20,200 --> 00:40:21,800 Speaker 1: go for three in a row, good numbers in a 707 00:40:21,840 --> 00:40:23,920 Speaker 1: good time. When I first started wearing the number, I 708 00:40:23,960 --> 00:40:27,880 Speaker 1: would just have the Bloomberg business of sports. The number 709 00:40:27,880 --> 00:40:29,879 Speaker 1: of the week, all right, the number of the week. 710 00:40:30,760 --> 00:40:34,760 Speaker 1: Ye act like you're like, here we go. I'm gonna 711 00:40:34,800 --> 00:40:38,319 Speaker 1: set the story up and you got to guess the number. Uh. 712 00:40:38,760 --> 00:40:41,120 Speaker 1: This is a shout out to New Orleans st quarterback 713 00:40:41,680 --> 00:40:45,960 Speaker 1: Drew Brees and his wife Brittany Breeze. They are donating 714 00:40:46,000 --> 00:40:51,600 Speaker 1: money to support Louisiana healthcare centers all throughout the state, 715 00:40:51,760 --> 00:40:55,600 Speaker 1: which is a noble thing. My question to you, and 716 00:40:55,840 --> 00:40:59,680 Speaker 1: play along out their audience, how much money are the 717 00:40:59,760 --> 00:41:06,719 Speaker 1: bree his donate? Boy? Okay, so it's got to be 718 00:41:06,800 --> 00:41:10,440 Speaker 1: in the millions, because that's how I think these you know, 719 00:41:10,640 --> 00:41:16,879 Speaker 1: high rollers. Role. I'm gonna say three and a half million. Mr. 720 00:41:17,760 --> 00:41:21,520 Speaker 1: I'm gonna go with the the number of the television 721 00:41:21,520 --> 00:41:25,720 Speaker 1: station I work at, which is WCVB TV Channel five. 722 00:41:26,000 --> 00:41:30,040 Speaker 1: I'm going with five million. Wow, man, you just won 723 00:41:30,200 --> 00:41:35,960 Speaker 1: double showcases. She is really good at this and it 724 00:41:36,000 --> 00:41:41,920 Speaker 1: makes me mad. I'm just gonna say, wow, you hit 725 00:41:42,000 --> 00:41:46,440 Speaker 1: that on the head Man five million donation um Drew Brees. 726 00:41:46,520 --> 00:41:49,520 Speaker 1: He said, COVID night change change nearly everything, and as 727 00:41:49,560 --> 00:41:52,200 Speaker 1: we work through one of the greatest challenges of our lifetimes, 728 00:41:52,200 --> 00:41:55,719 Speaker 1: our health and wellness has never been more important. So 729 00:41:56,000 --> 00:41:59,279 Speaker 1: to Drew Brees and his wife, kudos that that's a 730 00:41:59,480 --> 00:42:01,640 Speaker 1: nice one of money to to give back to the 731 00:42:01,640 --> 00:42:04,600 Speaker 1: state of Louisiana. Absolutely, I mean, he is such an 732 00:42:04,760 --> 00:42:07,719 Speaker 1: icon down there, and you know, so well known for 733 00:42:08,160 --> 00:42:11,040 Speaker 1: really putting the team and really the entire city on 734 00:42:11,200 --> 00:42:15,400 Speaker 1: his back winning that Super Bowl championship after Hurricane Katrina. 735 00:42:15,560 --> 00:42:18,879 Speaker 1: So he has seen that city suffer. Uh, So as 736 00:42:18,920 --> 00:42:21,160 Speaker 1: you say kudos to him. You've been listening to Bloomberg 737 00:42:21,200 --> 00:42:23,719 Speaker 1: Business of Sports. We're here each and every week at 738 00:42:23,719 --> 00:42:26,400 Speaker 1: the same time, plus online wherever you get your podcast. 739 00:42:26,760 --> 00:42:29,879 Speaker 1: Catch those when they drop Monday's, Wednesdays and Thursdays. I'm 740 00:42:29,920 --> 00:42:32,680 Speaker 1: Jason Kelly. Find me on Twitter at Jason Kelly News 741 00:42:33,400 --> 00:42:35,400 Speaker 1: and Mike Lynch you can find me at Lynch e 742 00:42:35,680 --> 00:42:38,960 Speaker 1: w CBB, and I'm Michael Barr on Twitter at Big 743 00:42:39,000 --> 00:42:42,239 Speaker 1: Bar Sports. You're listening to Bloomberg Business of Sports, from 744 00:42:42,239 --> 00:42:44,360 Speaker 1: Bloomberg Radio around the world,