NHL has not ruled out expansion and multiple ownership groups in various markets are exploring bids. No full proposals have yet met the league's threshold for presentation to the Board of Governors or executive committee. The process remains open-ended with no imposed timelines on applicants. The league is represented in fewer U.S. markets than other professional leagues. Cities including Atlanta, Houston, Cincinnati, Kansas City, and Quebec City have maintained interest. Atlanta's bid gained momentum after local government approved a $3 billion-plus development featuring a planned arena, led by Krause Sports and Entertainment with CEO Vernon Krause meeting league officials. Atlanta previously hosted the Flames and the Thrashers.
We haven't said no to anybody. And there are multiple entities within multiple markets that are talking to us. None has gotten to the level of having a full proposal that we think is worthy of sharing with the Board of Governors or the executive committee. One of those could happen in the future. I semi-expect it to happen in the future, but it hasn't happened yet.
And certainly, none of those candidates or applicants have been given any kind of timeline that they had to meet. So, it's kind of an open-ended process at this point. We've been meeting. I'm sure, maybe, we did have a meeting with Atlanta in July. May have. I mean, expressions of interest continue to give them audiences with us, pitch us on the merits, and why we should be considering.
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