Bob Sacamano
Footballguy
This was an enjoyable read: http://www.latimes.com/sports/la-sp-chargers-to-la-plaschke-20170111-story.html
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Public Funding Of Stadiums (3 Viewers)
- Thread starter RC94
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rockaction
Footballguy
Eephus
Footballguy
St. Louis Bob
Footballguy
Actually I hope the Chargers put together one of the greatest dynasties of all time making their games one of the most sought after tickets in all of sports while the Rams continue to suck playing in an empty stadium.
Really wish the Chargers weren't moving at all though. Blows big time. #### the Goodell & the NFL.
Parrothead
Footballguy
I wonder what the NFL would do if the smaller market teams like the Packers or Steelers moved..
NewlyRetired
Footballguy
The Packers are different from other teams (small or big market). They do not have just one owner or even a small ownership group.
They are the only team that has been granted an exception to the rule of ownership by the NFL. The NFL requires a single owner or small ownership group.
As such the ability for the Packers to move would likely come down to a vote of its 360k shareholders, many of which I assume are fans of the team and would never vote to have the team move.
Parrothead
Footballguy
DA RAIDERS
Footballguy
they will sell as soon as the league's time limit after moving is up, for an estimated 3-3.5B doubling their value if they had stayed in SD
Capella
Footballguy
Eephus
Footballguy
Green Bay (Brown County) residents voted for a 0.5% sale tax increase to partially fund the first round of Lambeau Field renovations in the early 2000s. The surtax was in place for twelve years and raised $160M in revenue.
roadkill1292
Footballguy
NewlyRetired
Footballguy
Reg Lllama of Brixton
Footballguy
I have no problem with using public money to build stadiums if the voters can oust coaches/front office personnel, prevent teams from moving, and force crappy owners to sell.
St. Louis Bob
Footballguy
In lieu of standard high school detention female students were to hot tub with Mark Chmura.
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Eephus
Footballguy
It was called City Stadium before renamed as Lambeau Field before the 1965 season.
roadkill1292
Footballguy
I'm prepared to cut the club and the city/county there a lot of slack because it appears that the traditional leverage employed by franchises (moving) to extract concessions from local governments isn't an issue there. I'm curious about the governance of the team, though. How does one actually get named to the operating board or whatever?
Dickies
Footballguy
How do the Rams benefit from sharing the stadium if they are the ones largely paying for the whole stadium? I don't fully understand the Chargers either. How does the team increase in value if they do not own the stadium and move to a place with limited fan support? I always just assumed teams wanted the stadiums so they could fleece people for PSLs and luxury boxes, but I assume the Chargers don't get to sell PSLs because it's the Rams' stadium.
Cliff Clavin
Footballguy
Would be interesting to see.
Chargers play for free and get ticket revenue while Rams get all the concessions, parking, etc?
tommyGunZ
Footballguy
Stadium deals aren't "bad deals" in and of themselves. Thankfully we're past the dumb myth that "stadiums pay for themselves", but let's be honest, NFL cities also derive substantial benefits from hosting a franchise. Whether it's direct tourism from visiting fans and teams or simply the free commercials NFL cities get when Sunday's night football or MNF come to town, there are economic benefits that can be measured. I have no problem with my city contributing a portion of tax dollars to subsidize a stadium so long as that contribution is mostly in line with the economic benefits that my city will enjoy. Especially in San Diego where we could likely count on a Super Bowl every 5-8 years due to weather and location.
Devastating day for this city. Moving is disappointing enough. Moving across the street so that we still have to hear you ####### the young hot chick you dumped us for hurts worse.
Devastating day for this city. Moving is disappointing enough. Moving across the street so that we still have to hear you ####### the young hot chick you dumped us for hurts worse.
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DA RAIDERS
Footballguy
i'm not talking about the revenue generated. i have no clue what the stadium deals are on that. i'm talking about the sales value. remember, the clippers sold for 2B. SD value, somewhere around 1.5-1.9B LA value, 3-3.5B
Dickies
Footballguy
I understand that, but I don't understand how this move increases the Chargers' value. If I were buying the team I would much rather have them in SD where they have a loyal fanbase.
Eephus
Footballguy
This assumes continued franchise appreciation based largely on local media revenues. The recent multi-billion dollar sales of the Dodgers and Clippers haven't worked out well in the short-term for the clubs. The Dodgers cable deal has been a mess since the Guggenheim group has been in charge. NFL teams split media revenue more evenly than NBA and MLB clubs do so LA-based football teams don't get the windfall that comes with a large media market.DA RAIDERS said:
DA RAIDERS
Footballguy
corporate money and marketability. it's the same reason the angels are the LA angels of anaheimDickies said:
GregR
Footballguy
I came across the schedule of upcoming events at NRG stadium and it made me think about this thread. NRG has the stadium the Texans play in, and there are also an arena and convention center that make use of the infrastructure (parking, access by light rail from elsewhere in the city, etc).
February through May there are 54 events. One is NFL related:Super Bowl 51. The rest range from the 3 week long Houston Livestock Show and Rodeo, to comedians, concerts, expos and even school graduations. Rodeo concerts are 21 of the events, and that schedule lumps into the concerts the actual rodeo events (calf roping, etc) that also take place. So the Rodeo concerts alone use the stadium twice as much as the NFL does (10 games a year with an occasional home playoff game).
In that 4 month span, the stadium is used 29 times, the arena 15 times, and the center 10 times. Assuming they don't add more events in the meantime.
This is part of why I don't get very worked up by this topic. The NFL may have been a big driver for the creation of the stadium, but it turns out they can be but one small part of the use of a stadium and other facilities sharing the infrastructure in a well thought out complex.
February through May there are 54 events. One is NFL related:Super Bowl 51. The rest range from the 3 week long Houston Livestock Show and Rodeo, to comedians, concerts, expos and even school graduations. Rodeo concerts are 21 of the events, and that schedule lumps into the concerts the actual rodeo events (calf roping, etc) that also take place. So the Rodeo concerts alone use the stadium twice as much as the NFL does (10 games a year with an occasional home playoff game).
In that 4 month span, the stadium is used 29 times, the arena 15 times, and the center 10 times. Assuming they don't add more events in the meantime.
This is part of why I don't get very worked up by this topic. The NFL may have been a big driver for the creation of the stadium, but it turns out they can be but one small part of the use of a stadium and other facilities sharing the infrastructure in a well thought out complex.
jonessed
Footballguy
Their value is dependent on their support/ability to make money. The LA market has more value, but the Chargers still have to capitalize on it. I dont believe that's a given.
Eephus
Footballguy
Frequent use doesn't necessarily make a project economically viable for public funding. Houston is fortunate to have a secondary off-season tenant in the Livestock show that pays the county $1.5M annually (The Texans pay just over $4M). That's better than the $1 rent some teams pay but I doubt it's enough to cover the debt service on the bonds.
NRG is reaching middle age as far as modern stadiums go. The original deal included a clause leaving the county on the hook to maintain the facility in “first class” condition and in “a manner comparable to other stadiums" so expect the Texans to come back to the till for another round of public funding.
Instinctive
Footballguy
Chase Center is like 2.5B and all-private. I think Golden1 was 600M all private too. So it can be done.
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