by The Ripper 9 years 11 months ago Total posts: 494 Joined: May 13 2015 Naples, FL Starter Re: City continues stadium push (San Diego) POST #31 I have been saying this at ROD for awhile about how the precedent set by forcing the Rams to stay will give other cities including Cincy the power to refuse to do the upgrades because they can say the NFL didn't back the Rams so they won't back you. by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #32 Elvis wrote:Hot off of YouTube:[Me: About since January, I've been reading Neil deMause's stuff -- discussing the stadium ripoff game is his thing. No, I haven't read his book, yet. He's a regular on the Heather McCoy show, Tuesdays at 8am on KUCI radio. http://www.kuci.org/listen/index.shtml I'd anticipate deMause commenting tomorrow about the John Oliver show.]http://www.fieldofschemes.com/2015/07/1 ... ium-scams/The punchline missing from last night’s great John Oliver segment on stadium scamsPosted on July 13, 2015 by Neil deMause I don’t want to in any way criticize Last Week Tonight with John Oliver’s outstanding segment last night, which did a terrific job hitting all the highlights of the stadium subsidy game. But I did want to add a side note to one of Oliver’s examples:Teams are shameless in manipulating cities’ fears. In 1997, the Minnesota Twins even ran an ad showing a player visiting a child in hospital with cancer, and the tagline: ‘If the Twins leave Minnesota, an 8-year-old in Wilmar undergoing chemotherapy will never get a visit from Marty Cordova. Which is less like the Make-A-Wish Foundation, and more like the Make-A-Threat Foundation.All true! But it actually turned out to be even worse than that, as the Minneapolis City Pages reported at the time:Then there was the TV ad aimed at prodding fans to rally the legislature, which depicted Twins outfielder Marty Cordova going to see a sick child at the Minneapolis Ronald McDonald House. “If the Twins leave Minnesota, an 8-year-old from Willmar undergoing chemotherapy will never get a visit from Marty Cordova,” the announcer intoned, as the screen faded to black. To make matters even more repulsive, it turned out that by the time the ad aired, the patient had died.Also, nobody had bothered consulting Twins outfielder Cordova, whose charity had sponsored the hospital visits, and who objected vociferously to being used for owner Carl Pohlad’s stadium shakedown. The ad was quickly pulled, the Minnesota state legislature declined to fund a new Twins stadium, and the team moved to — er, that is, kept on plugging away at getting public stadium money out of Minnesota, until finally the legislature gave in. That’ll show those lousy dead-cancer-kid-mongers, right? TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by bubbaramfan 9 years 11 months ago Total posts: 1119 Joined: Apr 30 2015 Carson Landfill Pro Bowl Re: City continues stadium push (San Diego) POST #33 Exactly why I'm so vocal about my city (Carson) being used by teams, threatening to move here, so they can leverage their city to build them a stadium. by kayfabe 9 years 11 months ago Total posts: 130 Joined: Jun 16 2015 LA Coliseum RFU Fantasy Football Champ Re: City continues stadium push (San Diego) POST #34 Yeah bubba and TSFH Fan, and there's actually an Atlantic Magazine excerpt from a few yearsback that really does a good job summarizing all the subsidizing going on in the NFL. His takeis really that the NFL should be called out on its nonprofit status (yeesh), but if you cut through hisopinions and stick to his background facts he gives a great synopsis of the economics behindSanta Clara, Minnesota and other new stadium towns.The author is Greg Easterbrook, Tuesday Morning QB at ESPN (who wrote The King of Sports: Football'sImpact on America), and here's a paragraph or two; the full article is here --http://www.theatlantic.com/magazine/arc ... rs/309448/Taxpayers in Hamilton County, Ohio, which includes Cincinnati, were hit with a bill for $26 million in debt service for the stadiums where the NFL’s Bengals and Major League Baseball’s Reds play, plus another $7 million to cover the direct operating costs for the Bengals’ field. Pro-sports subsidies exceeded the $23.6 million that the county cut from health-and-human-services spending in the current two-year budget (and represent a sizable chunk of the $119 million cut from Hamilton County schools). Press materials distributed by the Bengals declare that the team gives back about $1 million annually to Ohio community groups. Sound generous? That’s about 4 percent of the public subsidy the Bengals receive annually from Ohio taxpayers.In Minnesota, the Vikings wanted a new stadium, and were vaguely threatening to decamp to another state if they didn’t get it. The Minnesota legislature, facing a $1.1 billion budget deficit, extracted $506 million from taxpayers as a gift to the team, covering roughly half the cost of the new facility. Some legislators argued that the Vikings should reveal their finances: privately held, the team is not required to disclose operating data, despite the public subsidies it receives. In the end, the Minnesota legislature folded, giving away public money without the Vikings’ disclosing information in return. The team’s principal owner, Zygmunt Wilf, had a 2011 net worth estimated at $322 million; with the new stadium deal, the Vikings’ value rose about $200 million, by Forbes’s estimate, further enriching Wilf and his family. They will make a token annual payment of $13 million to use the stadium, keeping the lion’s share of all NFL ticket, concession, parking, and, most important, television revenues.After approving the $506 million handout, Minnesota Governor Mark Dayton said, “I’m not one to defend the economics of professional sports … Any deal you make in that world doesn’t make sense from the way the rest of us look at it.” Even by the standards of political pandering, Dayton’s irresponsibility was breathtaking.In California, the City of Santa Clara broke ground on a $1.3 billion stadium for the 49ers. Officially, the deal includes $116 million in public funding, with private capital making up the rest. At least, that’s the way the deal was announced. A new government entity, the Santa Clara Stadium Authority, is borrowing $950 million, largely from a consortium led by Goldman Sachs, to provide the majority of the “private” financing. Who are the board members of the Santa Clara Stadium Authority? The members of the Santa Clara City Council. In effect, the city of Santa Clara is providing most of the “private” funding. Should something go wrong, taxpayers will likely take the hit.The 49ers will pay Santa Clara $24.5 million annually in rent for four decades, which makes the deal, from the team’s standpoint, a 40-year loan amortized at less than 1 percent interest. At the time of the agreement, 30-year Treasury bonds were selling for 3 percent, meaning the Santa Clara contract values the NFL as a better risk than the United States government... by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #35 Just to pile on greedy owners and to show that it's not just limited to football, here's a transcript of Neil deMause's testimony before Congress. Yes, I know at this point, I'm sorta preachin' to the choir. Oooh, and as I type this, Fred is talking about John Oliver's show. http://www.goodjobsny.org/sites/default ... rected.pdfMr. deMause's testimony includes theory and numbers and also this thing referenced in John Oliver's show:There are undoubtedly some stadium deals that have more economic benefit thanothers, but the comparison is between slim and none. As University of Chicago economistAllen Sanderson summed up the situation: “If you want to inject money into the localeconomy, it would be better to drop it from a helicopter than [to] invest in a new ballpark.” TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by OldSchool 9 years 11 months ago Total posts: 1750 Joined: Jun 09 2015 LA Coliseum Pro Bowl Re: City continues stadium push (San Diego) POST #36 It's one thing that makes me like Kroenke even more is the fact he's willing to build his stadium with no public money. The only thing I read he'll get is if the city makes I believe it's $250 million in tax revenue from the new stadium over the first 5 years he'll get reimbursed $145 million for the infrastructure upgrades he's paying for. So no tax breaks, just an incentive that if they make a certain amount on taxes they reimburse part of that for the infrastructure. by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025 FOLLOW US @RAMSFANSUNITED Who liked this post
by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #32 Elvis wrote:Hot off of YouTube:[Me: About since January, I've been reading Neil deMause's stuff -- discussing the stadium ripoff game is his thing. No, I haven't read his book, yet. He's a regular on the Heather McCoy show, Tuesdays at 8am on KUCI radio. http://www.kuci.org/listen/index.shtml I'd anticipate deMause commenting tomorrow about the John Oliver show.]http://www.fieldofschemes.com/2015/07/1 ... ium-scams/The punchline missing from last night’s great John Oliver segment on stadium scamsPosted on July 13, 2015 by Neil deMause I don’t want to in any way criticize Last Week Tonight with John Oliver’s outstanding segment last night, which did a terrific job hitting all the highlights of the stadium subsidy game. But I did want to add a side note to one of Oliver’s examples:Teams are shameless in manipulating cities’ fears. In 1997, the Minnesota Twins even ran an ad showing a player visiting a child in hospital with cancer, and the tagline: ‘If the Twins leave Minnesota, an 8-year-old in Wilmar undergoing chemotherapy will never get a visit from Marty Cordova. Which is less like the Make-A-Wish Foundation, and more like the Make-A-Threat Foundation.All true! But it actually turned out to be even worse than that, as the Minneapolis City Pages reported at the time:Then there was the TV ad aimed at prodding fans to rally the legislature, which depicted Twins outfielder Marty Cordova going to see a sick child at the Minneapolis Ronald McDonald House. “If the Twins leave Minnesota, an 8-year-old from Willmar undergoing chemotherapy will never get a visit from Marty Cordova,” the announcer intoned, as the screen faded to black. To make matters even more repulsive, it turned out that by the time the ad aired, the patient had died.Also, nobody had bothered consulting Twins outfielder Cordova, whose charity had sponsored the hospital visits, and who objected vociferously to being used for owner Carl Pohlad’s stadium shakedown. The ad was quickly pulled, the Minnesota state legislature declined to fund a new Twins stadium, and the team moved to — er, that is, kept on plugging away at getting public stadium money out of Minnesota, until finally the legislature gave in. That’ll show those lousy dead-cancer-kid-mongers, right? TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by bubbaramfan 9 years 11 months ago Total posts: 1119 Joined: Apr 30 2015 Carson Landfill Pro Bowl Re: City continues stadium push (San Diego) POST #33 Exactly why I'm so vocal about my city (Carson) being used by teams, threatening to move here, so they can leverage their city to build them a stadium. by kayfabe 9 years 11 months ago Total posts: 130 Joined: Jun 16 2015 LA Coliseum RFU Fantasy Football Champ Re: City continues stadium push (San Diego) POST #34 Yeah bubba and TSFH Fan, and there's actually an Atlantic Magazine excerpt from a few yearsback that really does a good job summarizing all the subsidizing going on in the NFL. His takeis really that the NFL should be called out on its nonprofit status (yeesh), but if you cut through hisopinions and stick to his background facts he gives a great synopsis of the economics behindSanta Clara, Minnesota and other new stadium towns.The author is Greg Easterbrook, Tuesday Morning QB at ESPN (who wrote The King of Sports: Football'sImpact on America), and here's a paragraph or two; the full article is here --http://www.theatlantic.com/magazine/arc ... rs/309448/Taxpayers in Hamilton County, Ohio, which includes Cincinnati, were hit with a bill for $26 million in debt service for the stadiums where the NFL’s Bengals and Major League Baseball’s Reds play, plus another $7 million to cover the direct operating costs for the Bengals’ field. Pro-sports subsidies exceeded the $23.6 million that the county cut from health-and-human-services spending in the current two-year budget (and represent a sizable chunk of the $119 million cut from Hamilton County schools). Press materials distributed by the Bengals declare that the team gives back about $1 million annually to Ohio community groups. Sound generous? That’s about 4 percent of the public subsidy the Bengals receive annually from Ohio taxpayers.In Minnesota, the Vikings wanted a new stadium, and were vaguely threatening to decamp to another state if they didn’t get it. The Minnesota legislature, facing a $1.1 billion budget deficit, extracted $506 million from taxpayers as a gift to the team, covering roughly half the cost of the new facility. Some legislators argued that the Vikings should reveal their finances: privately held, the team is not required to disclose operating data, despite the public subsidies it receives. In the end, the Minnesota legislature folded, giving away public money without the Vikings’ disclosing information in return. The team’s principal owner, Zygmunt Wilf, had a 2011 net worth estimated at $322 million; with the new stadium deal, the Vikings’ value rose about $200 million, by Forbes’s estimate, further enriching Wilf and his family. They will make a token annual payment of $13 million to use the stadium, keeping the lion’s share of all NFL ticket, concession, parking, and, most important, television revenues.After approving the $506 million handout, Minnesota Governor Mark Dayton said, “I’m not one to defend the economics of professional sports … Any deal you make in that world doesn’t make sense from the way the rest of us look at it.” Even by the standards of political pandering, Dayton’s irresponsibility was breathtaking.In California, the City of Santa Clara broke ground on a $1.3 billion stadium for the 49ers. Officially, the deal includes $116 million in public funding, with private capital making up the rest. At least, that’s the way the deal was announced. A new government entity, the Santa Clara Stadium Authority, is borrowing $950 million, largely from a consortium led by Goldman Sachs, to provide the majority of the “private” financing. Who are the board members of the Santa Clara Stadium Authority? The members of the Santa Clara City Council. In effect, the city of Santa Clara is providing most of the “private” funding. Should something go wrong, taxpayers will likely take the hit.The 49ers will pay Santa Clara $24.5 million annually in rent for four decades, which makes the deal, from the team’s standpoint, a 40-year loan amortized at less than 1 percent interest. At the time of the agreement, 30-year Treasury bonds were selling for 3 percent, meaning the Santa Clara contract values the NFL as a better risk than the United States government... by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #35 Just to pile on greedy owners and to show that it's not just limited to football, here's a transcript of Neil deMause's testimony before Congress. Yes, I know at this point, I'm sorta preachin' to the choir. Oooh, and as I type this, Fred is talking about John Oliver's show. http://www.goodjobsny.org/sites/default ... rected.pdfMr. deMause's testimony includes theory and numbers and also this thing referenced in John Oliver's show:There are undoubtedly some stadium deals that have more economic benefit thanothers, but the comparison is between slim and none. As University of Chicago economistAllen Sanderson summed up the situation: “If you want to inject money into the localeconomy, it would be better to drop it from a helicopter than [to] invest in a new ballpark.” TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by OldSchool 9 years 11 months ago Total posts: 1750 Joined: Jun 09 2015 LA Coliseum Pro Bowl Re: City continues stadium push (San Diego) POST #36 It's one thing that makes me like Kroenke even more is the fact he's willing to build his stadium with no public money. The only thing I read he'll get is if the city makes I believe it's $250 million in tax revenue from the new stadium over the first 5 years he'll get reimbursed $145 million for the infrastructure upgrades he's paying for. So no tax breaks, just an incentive that if they make a certain amount on taxes they reimburse part of that for the infrastructure. by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025 FOLLOW US @RAMSFANSUNITED Who liked this post
by bubbaramfan 9 years 11 months ago Total posts: 1119 Joined: Apr 30 2015 Carson Landfill Pro Bowl Re: City continues stadium push (San Diego) POST #33 Exactly why I'm so vocal about my city (Carson) being used by teams, threatening to move here, so they can leverage their city to build them a stadium. by kayfabe 9 years 11 months ago Total posts: 130 Joined: Jun 16 2015 LA Coliseum RFU Fantasy Football Champ Re: City continues stadium push (San Diego) POST #34 Yeah bubba and TSFH Fan, and there's actually an Atlantic Magazine excerpt from a few yearsback that really does a good job summarizing all the subsidizing going on in the NFL. His takeis really that the NFL should be called out on its nonprofit status (yeesh), but if you cut through hisopinions and stick to his background facts he gives a great synopsis of the economics behindSanta Clara, Minnesota and other new stadium towns.The author is Greg Easterbrook, Tuesday Morning QB at ESPN (who wrote The King of Sports: Football'sImpact on America), and here's a paragraph or two; the full article is here --http://www.theatlantic.com/magazine/arc ... rs/309448/Taxpayers in Hamilton County, Ohio, which includes Cincinnati, were hit with a bill for $26 million in debt service for the stadiums where the NFL’s Bengals and Major League Baseball’s Reds play, plus another $7 million to cover the direct operating costs for the Bengals’ field. Pro-sports subsidies exceeded the $23.6 million that the county cut from health-and-human-services spending in the current two-year budget (and represent a sizable chunk of the $119 million cut from Hamilton County schools). Press materials distributed by the Bengals declare that the team gives back about $1 million annually to Ohio community groups. Sound generous? That’s about 4 percent of the public subsidy the Bengals receive annually from Ohio taxpayers.In Minnesota, the Vikings wanted a new stadium, and were vaguely threatening to decamp to another state if they didn’t get it. The Minnesota legislature, facing a $1.1 billion budget deficit, extracted $506 million from taxpayers as a gift to the team, covering roughly half the cost of the new facility. Some legislators argued that the Vikings should reveal their finances: privately held, the team is not required to disclose operating data, despite the public subsidies it receives. In the end, the Minnesota legislature folded, giving away public money without the Vikings’ disclosing information in return. The team’s principal owner, Zygmunt Wilf, had a 2011 net worth estimated at $322 million; with the new stadium deal, the Vikings’ value rose about $200 million, by Forbes’s estimate, further enriching Wilf and his family. They will make a token annual payment of $13 million to use the stadium, keeping the lion’s share of all NFL ticket, concession, parking, and, most important, television revenues.After approving the $506 million handout, Minnesota Governor Mark Dayton said, “I’m not one to defend the economics of professional sports … Any deal you make in that world doesn’t make sense from the way the rest of us look at it.” Even by the standards of political pandering, Dayton’s irresponsibility was breathtaking.In California, the City of Santa Clara broke ground on a $1.3 billion stadium for the 49ers. Officially, the deal includes $116 million in public funding, with private capital making up the rest. At least, that’s the way the deal was announced. A new government entity, the Santa Clara Stadium Authority, is borrowing $950 million, largely from a consortium led by Goldman Sachs, to provide the majority of the “private” financing. Who are the board members of the Santa Clara Stadium Authority? The members of the Santa Clara City Council. In effect, the city of Santa Clara is providing most of the “private” funding. Should something go wrong, taxpayers will likely take the hit.The 49ers will pay Santa Clara $24.5 million annually in rent for four decades, which makes the deal, from the team’s standpoint, a 40-year loan amortized at less than 1 percent interest. At the time of the agreement, 30-year Treasury bonds were selling for 3 percent, meaning the Santa Clara contract values the NFL as a better risk than the United States government... by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #35 Just to pile on greedy owners and to show that it's not just limited to football, here's a transcript of Neil deMause's testimony before Congress. Yes, I know at this point, I'm sorta preachin' to the choir. Oooh, and as I type this, Fred is talking about John Oliver's show. http://www.goodjobsny.org/sites/default ... rected.pdfMr. deMause's testimony includes theory and numbers and also this thing referenced in John Oliver's show:There are undoubtedly some stadium deals that have more economic benefit thanothers, but the comparison is between slim and none. As University of Chicago economistAllen Sanderson summed up the situation: “If you want to inject money into the localeconomy, it would be better to drop it from a helicopter than [to] invest in a new ballpark.” TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by OldSchool 9 years 11 months ago Total posts: 1750 Joined: Jun 09 2015 LA Coliseum Pro Bowl Re: City continues stadium push (San Diego) POST #36 It's one thing that makes me like Kroenke even more is the fact he's willing to build his stadium with no public money. The only thing I read he'll get is if the city makes I believe it's $250 million in tax revenue from the new stadium over the first 5 years he'll get reimbursed $145 million for the infrastructure upgrades he's paying for. So no tax breaks, just an incentive that if they make a certain amount on taxes they reimburse part of that for the infrastructure. by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025 FOLLOW US @RAMSFANSUNITED Who liked this post
by kayfabe 9 years 11 months ago Total posts: 130 Joined: Jun 16 2015 LA Coliseum RFU Fantasy Football Champ Re: City continues stadium push (San Diego) POST #34 Yeah bubba and TSFH Fan, and there's actually an Atlantic Magazine excerpt from a few yearsback that really does a good job summarizing all the subsidizing going on in the NFL. His takeis really that the NFL should be called out on its nonprofit status (yeesh), but if you cut through hisopinions and stick to his background facts he gives a great synopsis of the economics behindSanta Clara, Minnesota and other new stadium towns.The author is Greg Easterbrook, Tuesday Morning QB at ESPN (who wrote The King of Sports: Football'sImpact on America), and here's a paragraph or two; the full article is here --http://www.theatlantic.com/magazine/arc ... rs/309448/Taxpayers in Hamilton County, Ohio, which includes Cincinnati, were hit with a bill for $26 million in debt service for the stadiums where the NFL’s Bengals and Major League Baseball’s Reds play, plus another $7 million to cover the direct operating costs for the Bengals’ field. Pro-sports subsidies exceeded the $23.6 million that the county cut from health-and-human-services spending in the current two-year budget (and represent a sizable chunk of the $119 million cut from Hamilton County schools). Press materials distributed by the Bengals declare that the team gives back about $1 million annually to Ohio community groups. Sound generous? That’s about 4 percent of the public subsidy the Bengals receive annually from Ohio taxpayers.In Minnesota, the Vikings wanted a new stadium, and were vaguely threatening to decamp to another state if they didn’t get it. The Minnesota legislature, facing a $1.1 billion budget deficit, extracted $506 million from taxpayers as a gift to the team, covering roughly half the cost of the new facility. Some legislators argued that the Vikings should reveal their finances: privately held, the team is not required to disclose operating data, despite the public subsidies it receives. In the end, the Minnesota legislature folded, giving away public money without the Vikings’ disclosing information in return. The team’s principal owner, Zygmunt Wilf, had a 2011 net worth estimated at $322 million; with the new stadium deal, the Vikings’ value rose about $200 million, by Forbes’s estimate, further enriching Wilf and his family. They will make a token annual payment of $13 million to use the stadium, keeping the lion’s share of all NFL ticket, concession, parking, and, most important, television revenues.After approving the $506 million handout, Minnesota Governor Mark Dayton said, “I’m not one to defend the economics of professional sports … Any deal you make in that world doesn’t make sense from the way the rest of us look at it.” Even by the standards of political pandering, Dayton’s irresponsibility was breathtaking.In California, the City of Santa Clara broke ground on a $1.3 billion stadium for the 49ers. Officially, the deal includes $116 million in public funding, with private capital making up the rest. At least, that’s the way the deal was announced. A new government entity, the Santa Clara Stadium Authority, is borrowing $950 million, largely from a consortium led by Goldman Sachs, to provide the majority of the “private” financing. Who are the board members of the Santa Clara Stadium Authority? The members of the Santa Clara City Council. In effect, the city of Santa Clara is providing most of the “private” funding. Should something go wrong, taxpayers will likely take the hit.The 49ers will pay Santa Clara $24.5 million annually in rent for four decades, which makes the deal, from the team’s standpoint, a 40-year loan amortized at less than 1 percent interest. At the time of the agreement, 30-year Treasury bonds were selling for 3 percent, meaning the Santa Clara contract values the NFL as a better risk than the United States government... by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #35 Just to pile on greedy owners and to show that it's not just limited to football, here's a transcript of Neil deMause's testimony before Congress. Yes, I know at this point, I'm sorta preachin' to the choir. Oooh, and as I type this, Fred is talking about John Oliver's show. http://www.goodjobsny.org/sites/default ... rected.pdfMr. deMause's testimony includes theory and numbers and also this thing referenced in John Oliver's show:There are undoubtedly some stadium deals that have more economic benefit thanothers, but the comparison is between slim and none. As University of Chicago economistAllen Sanderson summed up the situation: “If you want to inject money into the localeconomy, it would be better to drop it from a helicopter than [to] invest in a new ballpark.” TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by OldSchool 9 years 11 months ago Total posts: 1750 Joined: Jun 09 2015 LA Coliseum Pro Bowl Re: City continues stadium push (San Diego) POST #36 It's one thing that makes me like Kroenke even more is the fact he's willing to build his stadium with no public money. The only thing I read he'll get is if the city makes I believe it's $250 million in tax revenue from the new stadium over the first 5 years he'll get reimbursed $145 million for the infrastructure upgrades he's paying for. So no tax breaks, just an incentive that if they make a certain amount on taxes they reimburse part of that for the infrastructure. by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025 FOLLOW US @RAMSFANSUNITED Who liked this post
by TSFH Fan 9 years 11 months ago Total posts: 699 Joined: Jun 24 2015 The OC Veteran Re: City continues stadium push (San Diego) POST #35 Just to pile on greedy owners and to show that it's not just limited to football, here's a transcript of Neil deMause's testimony before Congress. Yes, I know at this point, I'm sorta preachin' to the choir. Oooh, and as I type this, Fred is talking about John Oliver's show. http://www.goodjobsny.org/sites/default ... rected.pdfMr. deMause's testimony includes theory and numbers and also this thing referenced in John Oliver's show:There are undoubtedly some stadium deals that have more economic benefit thanothers, but the comparison is between slim and none. As University of Chicago economistAllen Sanderson summed up the situation: “If you want to inject money into the localeconomy, it would be better to drop it from a helicopter than [to] invest in a new ballpark.” TSFH -- Two Steps From Hell -- Thomas Bergersen, Nick Phoenix -- Music Makes You Braverhttps://www.youtube.com/user/TwoStepsFromTheMusichttp://www.twostepsfromhell.com/ by OldSchool 9 years 11 months ago Total posts: 1750 Joined: Jun 09 2015 LA Coliseum Pro Bowl Re: City continues stadium push (San Diego) POST #36 It's one thing that makes me like Kroenke even more is the fact he's willing to build his stadium with no public money. The only thing I read he'll get is if the city makes I believe it's $250 million in tax revenue from the new stadium over the first 5 years he'll get reimbursed $145 million for the infrastructure upgrades he's paying for. So no tax breaks, just an incentive that if they make a certain amount on taxes they reimburse part of that for the infrastructure. by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025
by OldSchool 9 years 11 months ago Total posts: 1750 Joined: Jun 09 2015 LA Coliseum Pro Bowl Re: City continues stadium push (San Diego) POST #36 It's one thing that makes me like Kroenke even more is the fact he's willing to build his stadium with no public money. The only thing I read he'll get is if the city makes I believe it's $250 million in tax revenue from the new stadium over the first 5 years he'll get reimbursed $145 million for the infrastructure upgrades he's paying for. So no tax breaks, just an incentive that if they make a certain amount on taxes they reimburse part of that for the infrastructure. by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025
by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #37 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025
by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #38 TOPIC AUTHOR RFU Season Ticket Holder by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025
by Elvis 9 years 11 months ago Total posts: 41502 Joined: Mar 28 2015 Los Angeles Administrator Re: City continues stadium push (San Diego) POST #39 TOPIC AUTHOR Stay Classy San Diego: RFU Season Ticket Holder by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business 46 posts Jul 04 2025
by Hacksaw 9 years 11 months ago Total posts: 24523 Joined: Apr 15 2015 AT THE BEACH Moderator Re: City continues stadium push (San Diego) POST #40 Chargers special counsel Mark Fabiani criticized the city's move after Tuesday's vote."The city’s quickie EIR will be full of holes and will be thrown out by the courts," he said. "The Chargers will simply not hitch the future of the franchise to the city’s misbegotten legal strategy."The Chargers say it’s not possible the city can complete a comprehensive analysis of such a large project by Oct. 15, stressing that EIRs typically take 12 to 18 months. GO RAMS !!! GO DODGERS !!! GO LAKERS !!!THE GREATEST SHOW ON TURF,, WAS Reply 4 / 5 1 4 5 Display: All posts1 day7 days2 weeks1 month3 months6 months1 year Sort by: AuthorPost timeSubject Sort by: AscendingDescending Jump to: Forum Rams/NFL Other Sports Rams Fans United Q&A's Board Business