St. Paul businesses brace for potential NHL lockout

The National Hockey League and its players have less than 10 days to reach a new collective bargaining agreement. The current contract expires on Sept. 15 and no new talks are scheduled. Businesses surrounding the Xcel Energy Center are concerned. Tom Reid, owner of Tom Reid's Hockey City Pub, tells WCCO Wild home games generate more than 30 percent of his annual business.
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The National Hockey League and its players have less than 10 days to reach a new collective bargaining agreement. The current contract expires on Sept. 15 and no new talks are scheduled. Businesses surrounding the Xcel Energy Center are concerned. Tom Reid, owner of Tom Reid's Hockey City Pub, tells WCCO Wild home games generate more than 30 percent of his annual business.

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The first home preseason game is Sept. 26, and the first regular season home game is Oct. 13.

WCCO notes the Minnesota Wild sold roughly 4,000 season tickets since the team signed Zach Parise and Ryan Suter.

This would be the second NHL lockout since the 2004-2005 season -- which was a complete loss.

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NHL lockout has St. Paul business owners concerned

The NHL lockout has some St. Paul business owners concerned about their bottom lines. Former player and now restaurant owner Tom Reid says losing the hockey season would be a big blow to businesses near the Xcel. Less than 24 hours into the lockout, Wild defensemen Jared Spurgeon has signed on to play in a European league.

Xcel Energy Center undergoes first major upgrade

The Minnesota Wild is investing about $1 million to build two-dozen loge boxes at the St. Paul arena, the Business Journal reports. The four-person upscale boxes are priced at about $50,000 per year, compared to $180,000 for a suite. The new premium seating is expected to be ready for the hockey team's first preseason game on Sept. 26.

NHL lockout talks to resume Tuesday

The NHL lockout has already wiped out the first two weeks of the regular season, and more games could be cancelled soon unless a resolution is reached. The good news is that labor negotiations will resume Tuesday, with the main issue - hockey related revenue - being discussed.