New revitalized area in downtown SLC for hockey arena
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- This topic has 12 replies, 7 voices, and was last updated 8 months, 1 week ago by MDUte.
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MDUteParticipant
Saw posts on Twitter/X suggesting that Ryan Smith’s recent Donor contribution to bring Kevin Young to TSPP was tied to influencing state politicians (majority of them being TSPP fans) to pave the way for new arena in downtown SLC (either renovated Delta Center or brand new arena). And right after the new coach was announced, this report comes out.
#BREAKING: @slcCouncil chair Victoria Petro tells KSL that Ryan Smith has formally applied to create a revitalization zone in downtown SLC for an NHL arena, and the city will now work with them to dictate its terms.
She said it's not known yet if it's a new stadium or redoing…
— Lindsay Aerts (@LindsayOnAir) April 16, 2024 -
EagleMountainUteParticipant
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MDUteParticipant
Can’t click on the link.
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bopahullParticipant
Coaches don’t get paid NIL deal money. They are under contract with the school. No doubt Smith made a major contribution to TSPP’s athletic department to facilitate the hire it wasn’t really associated with NIL.
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MDUteParticipant
Yea my bad. I term all booster money in the NIL Collective bucket. But that’s not accurate, it would’ve been booster money to their coaching search fund or whatever they call it. My point was just that the money isn’t being paid by BYU, the school would never pay that much money to a coach. It’s coming from Ryan Smith booster money.
Updated my OP to remove NIL, thanks.
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StoneParticipant
Good for him. Truly. I wish I had the money to do that. I also with there was a Utah booster doing that. I am envious of the situation.
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Central Coast UteParticipant
Are there any Ute boosters with that kind of money? Maybe the Huntsmans? I don’t know how much any of them are worth, but Smith definitely seems to have more based on his spending habits.
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The Miami UteParticipant
The Huntsman family fortune makes Smith look like chump change. The problem is that it’s dispersed among many individuals. As a point of inference, when Jon Huntsman Sr. died in 2018, he left over $11B to his heirs. If Huntsman Sr. was alive and well today, Utah might have had their version of Phil Knight. To be honest though, Huntsman Sr. always struck me as a guy that used his donations towards solving life’s hard problems rather than focusing on what is really entertainment.
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Central Coast UteParticipant
Yeah, although John ,Sr. did donate to Ute athletics, and he seemed to be more prudent with his money. As fans, it would be nice to see Ute boosters spend like Smith, but in the grand scheme of things, it’s probably better to be more like Mr. Huntsman. I’m sure Smith has his philanthropic endeavors, too.
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UtahParticipant
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MDUteParticipant
Jon M Huntsman Sr has always been one of my business heros I’ve idolized in life. Although, he amassed an incredible amount of wealth in his lifetime, $11B is way overstating it. Just want to be accurate Miami, but totally appreciate your post highlighting Jon Sr, who was not only an outstanding titan of industry but an even better man in his life.
At the height of Huntsman Chemical’s valuation back in the 90s, Jon Sr’s net worth was estimated as high as $6B. But it later fell to a more accurate height estimated in 2003 at $2.5B. Before Sr passed away he had fallen off the Forbes billionaires list. And at his passing Forbes had him listed with a net worth of $1B. For comparison, Ryan Smith’s net worth is valued at around $2.2B.In fairness to Jon Sr, he gave away over $1B throughout his lifetime to philanthropic efforts, mostly to Huntsman Cancer Institute. And I’m sure if Jon Sr only cared about wealth, he would’ve died with likely a net worth that was 10 times higher in size. But luckily for humanity Jon Sr cared much more about people and doing good in the world than becoming the richest man in the cemetery.
Forbes – Jon M Huntsman Sr-
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MDUteParticipant
Ahh I see the disconnect. Huntsman Chemical Corp is worth $11B, not Jon Huntsman Sr. He took his company public in 2005 which is owned by the shareholders. Jon Srs stake in the company, plus all of his other holdings had his net worth estimated at $1B upon his death.
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