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