John Oliver on publicly financed stadiums.

 
Post new topic    LakersGround.net Forum Index -> Off Topic Reply to topic
View previous topic :: View next topic  
Author Message
lakersken80
Retired Number
Retired Number


Joined: 12 Aug 2009
Posts: 38751

PostPosted: Tue Jul 14, 2015 9:20 pm    Post subject: John Oliver on publicly financed stadiums.

Back to top
View user's profile Send private message Reply with quote
ribeye
Franchise Player
Franchise Player


Joined: 10 Nov 2001
Posts: 12612

PostPosted: Thu Jul 16, 2015 9:16 am    Post subject:

I watched this on HBO, and does Oliver rip the myth of the great financial boon of public financed stadiums. As I recall, he said Balitimore, is one of the more successful ones as they generate $3M in revenue--all or much of which comes from outside of Baltimore. But then he adds, not so good for a $200M investment.

In Sacto, we are building a stadium for the Kings. We never got to see the numbers and analysis to see various projections on how this will work out for the city: It was a trust us sorta thing.

But hey, we still gotz the Kings. . . .
_________________
"A metronome keeps time by using a Ringo"
Back to top
View user's profile Send private message Reply with quote
lakersken80
Retired Number
Retired Number


Joined: 12 Aug 2009
Posts: 38751

PostPosted: Thu Jul 16, 2015 9:59 am    Post subject:

ribeye wrote:
I watched this on HBO, and does Oliver rip the myth of the great financial boon of public financed stadiums. As I recall, he said Balitimore, is one of the more successful ones as they generate $3M in revenue--all or much of which comes from outside of Baltimore. But then he adds, not so good for a $200M investment.

In Sacto, we are building a stadium for the Kings. We never got to see the numbers and analysis to see various projections on how this will work out for the city: It was a trust us sorta thing.

But hey, we still gotz the Kings. . . .


I remember the A's threatened to leave Oakland for Sacramento......
I believe this was early on their demands for a new stadium in the Bay Area...
Back to top
View user's profile Send private message Reply with quote
ringfinger
Retired Number
Retired Number


Joined: 08 Oct 2013
Posts: 29418

PostPosted: Thu Jul 16, 2015 2:48 pm    Post subject:

Ugh, John Oliver. Purveyor of misfacts wrapped in a humorous bow.

A bit too much of a sensationalist for my liking.
Back to top
View user's profile Send private message Reply with quote
Birmingham
Starting Rotation
Starting Rotation


Joined: 04 Apr 2013
Posts: 224

PostPosted: Thu Jul 16, 2015 5:49 pm    Post subject:

John Oliver, a great Birmingham lad.

We need more of him on TV and less of Mike Breen and Mark Jackson. Ugh.
Back to top
View user's profile Send private message Reply with quote
tlim
Star Player
Star Player


Joined: 26 Jun 2002
Posts: 6648

PostPosted: Thu Jul 16, 2015 6:21 pm    Post subject:

This is the biggest reason why Los Angeles doesn't have a football team.

It's the threat to go to LA. We all know that. And in LA, we don't pay **** for your damn stadium.

So the next time people say, LA or Cali are "liberal morons", you can say, we're not the slaves to the team owners by paying for their stadiums and then some.
Back to top
View user's profile Send private message Reply with quote
lakersken80
Retired Number
Retired Number


Joined: 12 Aug 2009
Posts: 38751

PostPosted: Thu Jul 16, 2015 6:37 pm    Post subject:

tlim wrote:
This is the biggest reason why Los Angeles doesn't have a football team.

It's the threat to go to LA. We all know that. And in LA, we don't pay **** for your damn stadium.


Yep, I hope they never give in to that stance...
The other sports leagues do fine without a publicly financed stadium in LA. The NFL should be no different.
Back to top
View user's profile Send private message Reply with quote
999
Franchise Player
Franchise Player


Joined: 19 Oct 2006
Posts: 20265

PostPosted: Thu Jul 16, 2015 9:23 pm    Post subject:

Sheeeit. If Jim and Jeanie decide to go dumb duck crazy and threaten to move the team out of Los Angeles than I would be all in favor of spending tax payer money to keep them in Los Angeles. I won't for the clippers though they can leave
Back to top
View user's profile Send private message Reply with quote
non-player zealot
Franchise Player
Franchise Player


Joined: 05 Nov 2007
Posts: 21365

PostPosted: Fri Jul 17, 2015 1:21 am    Post subject:

Birmingham wrote:
John Oliver, a great Birmingham lad.


Little do the LG bros and ladies know, Davo, but if you were walking with John Oliver down a Birmingham, England, UK street, that YOU would be the more famed member of the duo, much to Ollie's vexation.

They also don't know Joel Meyers peeps are Bhammers. Heard him doing a Pelican preseason gm. All of us who griped about him deserve each night's Billy Mac attack. I miss Joel.
_________________
GOAT MAGIC REEL
SEDALE TRIBUTE
EDDIE DONX!
Back to top
View user's profile Send private message Reply with quote
kaoss128
Franchise Player
Franchise Player


Joined: 09 Apr 2006
Posts: 13058
Location: Morgantown, WV

PostPosted: Fri Jul 17, 2015 6:26 am    Post subject:

ribeye wrote:
I watched this on HBO, and does Oliver rip the myth of the great financial boon of public financed stadiums. As I recall, he said Balitimore, is one of the more successful ones as they generate $3M in revenue--all or much of which comes from outside of Baltimore. But then he adds, not so good for a $200M investment.

In Sacto, we are building a stadium for the Kings. We never got to see the numbers and analysis to see various projections on how this will work out for the city: It was a trust us sorta thing.

But hey, we still gotz the Kings. . . .


Right building a brand new stadium when you already have one does not do much to improve the economy. But losing the team completely is far more damaging to these cities and most of these teams will leave if you don't meet their stadium demands.
Back to top
View user's profile Send private message Reply with quote
ribeye
Franchise Player
Franchise Player


Joined: 10 Nov 2001
Posts: 12612

PostPosted: Fri Jul 17, 2015 7:55 am    Post subject:

kaoss128 wrote:
ribeye wrote:
I watched this on HBO, and does Oliver rip the myth of the great financial boon of public financed stadiums. As I recall, he said Balitimore, is one of the more successful ones as they generate $3M in revenue--all or much of which comes from outside of Baltimore. But then he adds, not so good for a $200M investment.

In Sacto, we are building a stadium for the Kings. We never got to see the numbers and analysis to see various projections on how this will work out for the city: It was a trust us sorta thing.

But hey, we still gotz the Kings. . . .


Right building a brand new stadium when you already have one does not do much to improve the economy. But losing the team completely is far more damaging to these cities and most of these teams will leave if you don't meet their stadium demands.


As for the economy, it is what the stadium brings in beyond what the community (city, county, state) would bring in otherwise. If a stadium brings in more to Sacramento, for instance, than the costs to the city, sure, it makes economic sense. But if some large portion of the jobs and returns is simply shifting from one form of entertainment to another, then the value is mitigated by that factor.
_________________
"A metronome keeps time by using a Ringo"
Back to top
View user's profile Send private message Reply with quote
tlim
Star Player
Star Player


Joined: 26 Jun 2002
Posts: 6648

PostPosted: Fri Jul 17, 2015 12:48 pm    Post subject:

ribeye wrote:
kaoss128 wrote:
ribeye wrote:
I watched this on HBO, and does Oliver rip the myth of the great financial boon of public financed stadiums. As I recall, he said Balitimore, is one of the more successful ones as they generate $3M in revenue--all or much of which comes from outside of Baltimore. But then he adds, not so good for a $200M investment.

In Sacto, we are building a stadium for the Kings. We never got to see the numbers and analysis to see various projections on how this will work out for the city: It was a trust us sorta thing.

But hey, we still gotz the Kings. . . .


Right building a brand new stadium when you already have one does not do much to improve the economy. But losing the team completely is far more damaging to these cities and most of these teams will leave if you don't meet their stadium demands.


As for the economy, it is what the stadium brings in beyond what the community (city, county, state) would bring in otherwise. If a stadium brings in more to Sacramento, for instance, than the costs to the city, sure, it makes economic sense. But if some large portion of the jobs and returns is simply shifting from one form of entertainment to another, then the value is mitigated by that factor.


The word you put in is "If". Almost every single publicly funded stadium operates at a red for overall economic value, by a huge amount. The only way the "If" could be of economic sense is if "hometown pride" is part of the economics factor...
Back to top
View user's profile Send private message Reply with quote
focus
Star Player
Star Player


Joined: 23 May 2012
Posts: 2526

PostPosted: Fri Jul 17, 2015 2:50 pm    Post subject:

Oliver is great and what comes across is also how all these stadiums and other factors are making a cheap fun day with the kids watching a game ancient history.
Back to top
View user's profile Send private message Reply with quote
LakerLanny
Retired Number
Retired Number


Joined: 24 Oct 2001
Posts: 47565

PostPosted: Fri Jul 17, 2015 8:17 pm    Post subject:

What is happening here in San Diego with the Chargers is a disgrace. I have zero sympathy for the Spanos family playing the "we need LA fans to draw" card when they are located in the 8th largest city in the United States.

The problem really is our team was sold by a legendary owner (Gene Klein) to carpetbaggers in a typically rash decision. Now we are hosed, what can you do?
_________________
Love, Laker Lanny
Back to top
View user's profile Send private message Reply with quote
tlim
Star Player
Star Player


Joined: 26 Jun 2002
Posts: 6648

PostPosted: Sat Jul 18, 2015 8:35 am    Post subject:

What's happening in San Diego also happens every damn time a team wants a new arena. "We're moving to LA." Just do it already and STFU. Easiest way for them is to extort money. Don't forget that moves need to be approved by other owners. And only so many teams can be in LA.

Having 0 in LA is the extortion that the NFL wants. Once any team is here, the threats of moving if they don't get new arenas die off. By that time though, a bunch of teams will have extorted their cities to the league's content for them to be happy for 40+ years.
Back to top
View user's profile Send private message Reply with quote
lakersken80
Retired Number
Retired Number


Joined: 12 Aug 2009
Posts: 38751

PostPosted: Fri Jun 24, 2016 9:57 pm    Post subject:

https://sports.yahoo.com/blogs/nfl-shutdown-corner/las-vegas-stadium-proposal-could-cost-taxpayers-record--750-million-183902682.html

$750 million from taxpayers for the Las Vegas proposed football stadium....ouch.
Back to top
View user's profile Send private message Reply with quote
governator
Franchise Player
Franchise Player


Joined: 28 Jan 2006
Posts: 24996

PostPosted: Sat Jun 25, 2016 5:39 am    Post subject:

Subsidy for the superwealthy is not restricted to sport team owners, other industries get it also. For sport team owner, they have the leverage, they can always relocate the team.
It's not right to subsidized the superwealthy but what can we do, they have the strongest lobbyists and money unfortunately can buy congress
Back to top
View user's profile Send private message Reply with quote
vanexelent
Retired Number
Retired Number


Joined: 17 May 2005
Posts: 30081

PostPosted: Sat Jun 25, 2016 6:20 am    Post subject:

Normally it's a bad idea to fleece a local economy, but at least in Vegas they can just increase tourism taxes on Casinos.
Back to top
View user's profile Send private message Reply with quote
DaMuleRules
Retired Number
Retired Number


Joined: 10 Dec 2006
Posts: 52624
Location: Making a safety stop at 15 feet.

PostPosted: Sat Jun 25, 2016 7:35 am    Post subject:

vanexelent wrote:
Normally it's a bad idea to fleece a local economy, but at least in Vegas they can just increase tourism taxes on Casinos.


It's also a state where the residents don't pay income tax.
_________________
You thought God was an architect, now you know
He’s something like a pipe bomb ready to blow
And everything you built that’s all for show
goes up in flames
In 24 frames


Jason Isbell

Man, do those lyrics resonate right now
Back to top
View user's profile Send private message Reply with quote
Display posts from previous:   
Post new topic    LakersGround.net Forum Index -> Off Topic All times are GMT - 8 Hours
Page 1 of 1
Jump to:  

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum






Graphics by uberzev
© 1995-2018 LakersGround.net. All Rights Reserved. Privacy Policy. Terms of Use.
LakersGround is an unofficial news source serving the fan community since 1995.
We are in no way associated with the Los Angeles Lakers or the National Basketball Association.


Powered by phpBB