[Source: Mike Sunnucks, Phoenix Business Journal] — The University of Phoenix Stadium outranks the region’s other pro sports venues, according to fan surveys conducted by ESPN and the University of Oregon. The ESPN magazine survey asked 5,000 fans nationwide their impressions of pro sports teams, owners, stadiums, and arenas.
The UOP Stadium in Glendale, home to the Arizona Cardinals, ranked 24th on the list. The Arizona Diamondbacks’ Chase Field in downtown Phoenix came in 39th for stadium experience. Jobing.com Arena where the financially struggling Phoenix Coyotes play came in 72nd ahead of the Suns. The Phoenix Suns’ US Airways Center ranked 88th among the 122 pro sports franchise stadiums and arenas. [Note: To read the full article, click here.]
[Source: Rebekah L. Sanders and Scott Wong, Arizona Republic] — Glendale is pushing to change the route of the first light-rail line planned for the West Valley, seeing greater value in taking the line to the city’s bustling stadium district than its quaint downtown. But it’s likely an uphill battle, as Phoenix officials say they can’t provide the financial support that Glendale needs from them.
Building the alternative rail route would cost hundreds of millions of dollars more, require months of extra planning and support from other Valley cities. Backers of the new line argue it would boost regional economic growth and reduce the crush of rush-hour traffic along congested stretches of freeway. It could also ferry football fans to University of Phoenix Stadium, as well as hockey and baseball fans to nearby games.
Glendale Mayor Elaine Scruggs says Glendale can’t afford to build light rail anywhere in the city alone. So, officials are pitching the route with the most benefit to Phoenix, along Loop 101, in the hope of persuading Phoenix to pay for a part of Glendale’s line. “I don’t believe we will ever have light rail in Glendale if we go by what’s on the map,” Scruggs said, referring to the current proposed route to her city’s downtown. “The Loop 101 option is the only one that has a chance of getting any financial support from Phoenix, and we can do nothing without that.” [Note: To read the full article, click here.]
Photographer John T. films this panoramic view of metro Phoenix as seen from high atop South Mountain. Included are shots of downtown Phoenix, Chase Field, US Airways Center, Sky Harbor International Airport, Camelback Mountain, Tempe, and the University of Phoenix Stadium in Glendale.
[Source: Andrew Johnson, Arizona Republic] — Bankrupt real-estate lender Mortgages Ltd. plans to begin foreclosing on properties being developed by two of its largest borrowers. John Clemency, an attorney representing Mortgages Ltd., said in U.S. Bankruptcy Court on Monday that the company plans to take action against Grace Communities and Rightpath Ltd. Development Group LLC. Mortgages Ltd. claims the borrowers are in default on loan payments.
Grace has five loans from Mortgages Ltd., including ones for the construction of Hotel Monroe in downtown Phoenix and X Wine Lofts near downtown Scottsdale. Rightpath has three loans from Mortgages Ltd. for the development of Main Street Glendale, a mixed-use sports and entertainment project on 500 acres near University of Phoenix Stadium. Both companies deny being in default and are suing Mortgages Ltd. in Maricopa County Superior Court. They allege in separate lawsuits that the lender did not fully fund their loans. [Note: To read the full article, click here.]