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In Reply to: RE: If you build it...(nt) posted by mkuller on February 20, 2015 at 14:51:38
Maybe.
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(nt)
A few years ago, John Madden noted on his KCBS sports show that this is the first generation of sports fans which prefers home theatre over arena or stadium experience. When Oaktown's Coliseum was constructed, it was out in the ghetto where land was relatively cheap. Which was the model for cookie cutter stadiums in Cincinatti, Pittsburgh, & Philadelphia as well. As sports franchises became cash cows, owners wanted vanity arenas-n-stadiums in prime downtown locations. But stadiums aren't the revenue generators for their localities they were once hyped as being. There was a New York Times article from when Met Life Stadium was built, which stated how much municipalities still owed on demolished sports facilities. New Jersey owed somewhere near $100 million on Giants Stadium, which was leveled to become Met Life's parking lot. Seattle still owed $10 million on the Kingdome, which had been gone nearly a decade. Here in Sactown, folk aren't overly joyed that a judge made sure the public didn't have a vote on the Kings new downtown arena (tis rumoured he'll personally cover any cost over-runs, though). All Sac has to do is look west-ward to Oaktown to see how Alameda County tax payers were ripped off on both Arena-n-Colisseum refurbs. Kings fans are still miffed them scum-bag Maloofs never repaid their $67 million loan back to Sac. Instead, a 5% surcharge has been added to all Sleep Train Arena event tickets to pay it off. Most folk predict massive parking-n-traffic snafus with the new downtown arena. I-5 will probably be a parking lot at least one hour before & one hour after each event. Now the Warriors, with a rabid East Bay fan base, look towards San Francisco for a state-of-the-art arena. Thanks for nuthin' for all that loyal support, even during Chris Cohan's miserable-n-mizerly ownership. At least the Giants seemed to get it right with Pac Bell Park. Unlike the 49ers, who have been a p.r. nightmare since moving from Candlestick to their palatial Santa Clara digs. Too bad the Raiders can't, or won't, co-exist with the Niners inside Levi Stadium. A Raider bud says he'd derive great pleasure watching his Raiders win the AFC Championship inside the Field of Jeans. Or work out a deal with U.C. Berkeley to play in Memorial Stadium. Berkeley could use the funds to help pay off recent renovations. As for the Chargers, there was an article on Bolts From the Blue that stated NFL teams don't really need new stadiums, & their revenue, to remain competitive. Those lucrative television contracts fill their coffers quite nicely. QualComm's original architect said he could bring that 50 year auld hulk back up to spec for around $40 million. If Sheriff Goodell still didn't want to bring the Super Bowl back to San Diego afterwards, it was his loss. Hell, if the NFL generates $9 to $10 billion a year, why don't they build those stadiums on their dime & share that pride of ownership with all those municipalities; instead of reaming them dry? Hell, L.A. hasn't had any NFL franchises for two decades, & they've gotten along just fine. Now L.A. could potentially have three? Somewhere Mark Cuban is chuckling "told ya so"!!!
...ever hear of paragraph breaks?Chronicle sportswriter says Oakland can't afford to subsidize a new stadium since the current one isn't paid for.
He says the only party in this who has tons of money is the NFL - so why aren't they building stadiums for their teams?
Edits: 02/22/15
If you think of the situation as a game a REALLY high stakes musical chairs, you can perhaps imagine how the CHAIR could win.
And if one of those teams eventually had NOWHERE to sit? The advantage would swing to the host city where they could perhaps actually get a good deal.
Let the Rams, Chargers and Raiders kill each other over moving to LA. If in ONE YEAR, for example, the Rams have nowhere to move? Are they out of a home? After all, THEY triggered the one-year provision in the contract with the city/county since the stadium they inhabit (now 20 years old) didn't make the top stadiums list.
And please, not to forget that the NFL is a NON-PROFIT. Were they to fund a stadium internally, they'd want to get paid back by the TEAM and not to forget the Charities which would go begging as a result of the Billion+ spent on somebody's hobby.
Link to some NFL related IRS form 990, which is a non-profit tax return and a PUBLIC document.
Too much is never enough
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