49er Stadium

[UDRider]

I wonder for how much Santa Clara got bent over for, to build that stadium.

http://www.thedailybeast.com/articl...iver-how-sports-teams-are-ripping-us-off.html

They are already screwing youth soccer.

 

[Eldritch]

The Meadowlands was built with private money.

 

[UDRider]

The Meadowlands was built with private money.

There are exceptions to the rules.
Also are you talking about this Meadowlands or something else?

From this article it seems that state spent 185 million to get the trains to run to it.


Although reading up more on it. I guess the stadium will be build in already existing Meadolands project which sounds like a small disaster.

 

[Eldritch]

The Meadowlands is where the New York Football Giants play their home games. The above link is for a tax break for a commercial complex built next to that ball park. Ever since the new Park was built they have been adding on to the facilities. Even then, I don't consider a tax break to be, "Public Funding," but no that tax break is not for the stadium. The whole place has been developed as like a mega-convention center, concert venue, shopping complex, nuclear powered commercial revenue generation megaplex. I assume because they figure the tax income from the businesses in place would be greater in the long term than the break they are giving. It is a better way to do business than your typical ball park, but possibly not really one that is sustainable in smaller markets like Green Bay or something.

 

[Ducky_Fresh]

Old news. No one cares?

 

[TheRobSJ]

Oh this topic again. Yay.


I will fully acknowledge that Jed York is pretty much a douchecanoe. I have a sneaking suspicion that the fans are in for many WTFareyoudoing moments with him for years to come. York and his lap dog Baalke running Harbaugh outta town only to place someone who is pretty much just a yes man to York/Baalke being the last moment.

But as a Santa Clara resident, I think the stadium is good for the city. The hotels, restaurants, and other businesses that it will support sure as hell love the stadium being in town. Any of that tax money trickling down to any kind of giving back...yeah I doubt it. But it's still good for the city. The traffic it creates on game/event days is easily avoidable if you know your way around the area.

Full disclosure-I voted for the stadium measure and am a season ticket holder.

 

[Johndicezx9]

Anybody watch John Oliver last night? He pretty much skewered the current "public" funding of sports teams with a rousing sports movie style half-time speech.

http://www.sbnation.com/lookit/2015/7/13/8947039/john-oliver-tears-down-publicly-funded-stadiums

"Municipal bonds are a way for the city to take out a loan, which they then later repay with interest -- although, through new or existing taxes. They're supposed to be for things like roads or schools -- public goods that private industry would not pay for. But they've been routinely misused to finance stadiums for decades, and often, cities do it because teams claim they can't afford to build stadiums themselves."

 

[afm199]

Public (government) support of private sports business is a terrible idea. There's just scant evidence to show that it actually IS a long term value.

I remember after the Raider deal went down, the local politicians got season passes by the bajillions. Guess what found their way into the local economy as a cash substitute. I told one guy who wanted to pay me with season tickets to go fuck himself.

 

[Eldritch]

Public (government) support of private sports business is a terrible idea. There's just scant evidence to show that it actually IS a long term value.

I remember after the Raider deal went down, the local politicians got season passes by the bajillions. Guess what found their way into the local economy as a cash substitute. I told one guy who wanted to pay me with season tickets to go fuck himself.

Yeah, but that is Oaklamd. I think a similar deal happened in Jacksonville. If you invest in property for a real team that can actually win things it can generate revenue, just ask Arlington.

http://thesportseconomist.com/2010/07/11/cowboys-stadium-financing/

The Oakland thing was a travesty, because the Raiders are funkass on a stick. If they could actually win some games they would probably attract some fans that aren't felons away from the Niners who have an actual income and they could make some money to get back to their City. Now that the worst owner in football history is dead and done cursing his team with 3 decades of suck, the Raiders seem poised to take a next step and start becoming competitive again, so when they move to L.A., the area with tax jurisdiction over the new Raiders ball park will probably make money for SoCal like Arlington is doing off of it.

 

[CABilly]

Generally I am against public funding of private sports teams, but in this case I don't care much. The stadium to me is a shining example of everything that's wrong with the Bay Area and we deserve it.

 

[Johndicezx9]

The new Madden game has the "owner" option, and that includes the ability to threaten to move to Los Angeles.

 

[Ducky_Fresh]

York and his lap dog Baalke running Harbaugh outta town only to place someone who is pretty much just a yes man to York/Baalke being the last moment.

I used to think this way about that situation, too. However, lots of player accounts are supporting that Harbaugh was a lunatic and the players didn't want to perform for him anymore. Surprising when you are winning, but he was apparently the biggest ball buster you could imagine. And these being pro's with HIGH salaries, you have to find a better way to get them to want to work for you..

I told one guy who wanted to pay me with season tickets to go fuck himself.

when they move to L.A., the area with tax jurisdiction over the new Raiders ball park will probably make money for SoCal like Arlington is doing off of it.

Nah, LA fans are more fickle than bay area fans. Plus, there is a lot more fun stuff to do out there, so don't expect that whole thing to pay off the same way. Dallas is "Americas Team" and has a killer fan base, they will do fine even at the bottom of the standings..

 

[Eldritch]

L.A. is also the #2 Media market in America, bigger than Dallas. There is a reason the Jets are somehow able to make money every year despite 50 years of suck being the, "Raiders (shitty, second rate, AFC team in the area)" of New York.

In L.A., The Raiders ball park can prosper due to a huge unmet market need.

 

[UDRider]

Old news. No one cares?

Apparently.

Oh this topic again. Yay.

I will fully acknowledge that Jed York is pretty much a douchecanoe. I have a sneaking suspicion that the fans are in for many WTFareyoudoing moments with him for years to come. York and his lap dog Baalke running Harbaugh outta town only to place someone who is pretty much just a yes man to York/Baalke being the last moment.

But as a Santa Clara resident, I think the stadium is good for the city. The hotels, restaurants, and other businesses that it will support sure as hell love the stadium being in town. Any of that tax money trickling down to any kind of giving back...yeah I doubt it. But it's still good for the city. The traffic it creates on game/event days is easily avoidable if you know your way around the area.

Full disclosure-I voted for the stadium measure and am a season ticket holder.

Except for rare case I don't think a stadium has been a financial plus for any city. Hotels might get a slight bump, but I seriously doubt it is the case for restaurants. For tail gating people bring their own shit, others buy directly from the stadium restaurant venues. There are also not a lot of good choices in that area so most people get in watch the game, and GTFO. I don't see how it's good for the city. It adds cost, creates nightmare traffic which impacts people who live in the area, and as can be seen from the article impacts things like youth soccer.

Yeah, but that is Oaklamd. I think a similar deal happened in Jacksonville. If you invest in property for a real team that can actually win things it can generate revenue, just ask Arlington.

http://thesportseconomist.com/2010/07/11/cowboys-stadium-financing/

The Oakland thing was a travesty, because the Raiders are funkass on a stick. If they could actually win some games they would probably attract some fans that aren't felons away from the Niners who have an actual income and they could make some money to get back to their City. Now that the worst owner in football history is dead and done cursing his team with 3 decades of suck, the Raiders seem poised to take a next step and start becoming competitive again, so when they move to L.A., the area with tax jurisdiction over the new Raiders ball park will probably make money for SoCal like Arlington is doing off of it.

And all they had to do is raise 325 million in bonds which they are paying off by raising sales tax, hotel tax, care rental tax".

 

[tuxumino]

Yeah, but that is Oaklamd. I think a similar deal happened in Jacksonville. If you invest in property for a real team that can actually win things it can generate revenue, just ask Arlington.

http://thesportseconomist.com/2010/07/11/cowboys-stadium-financing/

The Oakland thing was a travesty, because the Raiders are funkass on a stick. If they could actually win some games they would probably attract some fans that aren't felons away from the Niners who have an actual income and they could make some money to get back to their City. Now that the worst owner in football history is dead and done cursing his team with 3 decades of suck, the Raiders seem poised to take a next step and start becoming competitive again, so when they move to L.A., the area with tax jurisdiction over the new Raiders ball park will probably make money for SoCal like Arlington is doing off of it.

L.A. is also the #2 Media market in America, bigger than Dallas. There is a reason the Jets are somehow able to make money every year despite 50 years of suck being the, "Raiders (shitty, second rate, AFC team in the area)" of New York.

In L.A., The Raiders ball park can prosper due to a huge unmet market need.

 

[Eldritch]

Thanks, that is the response I have been waiting for.

And all they had to do is raise 325 million in bonds which they are paying off by raising sales tax, hotel tax, care rental tax".

Have to spend money to make money!

 

[UDRider]

Have to spend money to make money!

To me it sounds like city is spending a large fortune, bank rolled by tax payers, to make a small fortune.

 

[TheRobSJ]

Except for rare case I don't think a stadium has been a financial plus for any city. Hotels might get a slight bump, but I seriously doubt it is the case for restaurants.

Are you kidding? That restaurant at the golf course across the street...when that measure was on the ballot I think they were ready to go out and help build the stadium themself brick by brick. Business is boomin there now. And that place sucks! Plus the Bennigan's (which also sucks), IHOP, and all the stuff at the Mercado theater all got a big shot in the arm.

And when the Super Bowl comes to town, it's going to be a solid week of taking in cash for everyone over there. Even a little further away at N. 1st Street or McCarthy Ranch the hotels and restaurants will see big numbers.

 

[UDRider]

Are you kidding? That restaurant at the golf course across the street...when that measure was on the ballot I think they were ready to go out and help build the stadium themself brick by brick. Business is boomin there now. And that place sucks! Plus the Bennigan's (which also sucks), IHOP, and all the stuff at the Mercado theater all got a big shot in the arm.

And when the Super Bowl comes to town, it's going to be a solid week of taking in cash for everyone over there. Even a little further away at N. 1st Street or McCarthy Ranch the hotels and restaurants will see big numbers.

Small bump to few local restaurants. All it cost was 20 million from city funds to move the sub station, and stadium authority being on a hook for close to 1billion (that's with a b).

http://www.sfgate.com/49ers/article/Levi-s-Stadium-The-1-3-billion-bet-5687409.php

A good summary of this "awesome deal"

Taking all that into consideration, Noll, the Stanford economist, said it is a good deal for the 49ers, but maybe not so much for the city.

"The risk for the team is whether they make X million dollars or Y million dollars in profits," Noll said. "The risk for the Stadium Authority is whether it generates a small surplus or experiences a loss."

 

[mikev]

Earthquakes new stadium was 100% privately financed.

As it should be.