NFL Teams Moving, New Stadiums, Stadium Plans, etc. thread

[BobPSU92]

“Charlotte City Council OK's Panthers stadium renovation plan”

See the link below. From the article:

“CHARLOTTE, N.C. -- The Carolina Panthers are staying in Charlotte for the foreseeable future.

The Charlotte City Council voted Monday night to approve a joint $800 million stadium renovation plan with the Panthers that ties the NFL team to the city for the next 20 years.

Under the policy document, the city will pay $650 million toward the renovation of Bank of America Stadium in return for Panthers owner David Tepper keeping the team in Charlotte through 2045. Tepper will pay the remaining $150 million up front.

Tepper already has invested more than $117 million in stadium upgrades and also has agreed to another estimated $421 million in potential overages for capital improvements over the term of the deal.

The city's investment would be funded by existing hospitality and tourism tax resources, which are required by the state to be spent on projects to support the city's tourism economy.”

Charlotte City Council OK's Panthers stadium renovation plan

The Charlotte City Council voted 7-3 Monday night to approve a joint $800 million stadium renovation plan with the Carolina Panthers that ties the NFL team to the city for the next 20 years.

www.espn.com

Nice to see that they won’t be using tuition dollars.

Kraft probably read this article and said to himself, “See? We’re on the right path.”

 

[PSUJam]

See the link below. From the article:

“CHARLOTTE, N.C. -- The Carolina Panthers are staying in Charlotte for the foreseeable future.

The Charlotte City Council voted Monday night to approve a joint $800 million stadium renovation plan with the Panthers that ties the NFL team to the city for the next 20 years.

Under the policy document, the city will pay $650 million toward the renovation of Bank of America Stadium in return for Panthers owner David Tepper keeping the team in Charlotte through 2045. Tepper will pay the remaining $150 million up front.

Tepper already has invested more than $117 million in stadium upgrades and also has agreed to another estimated $421 million in potential overages for capital improvements over the term of the deal.

The city's investment would be funded by existing hospitality and tourism tax resources, which are required by the state to be spent on projects to support the city's tourism economy.”

Charlotte City Council OK's Panthers stadium renovation plan

The Charlotte City Council voted 7-3 Monday night to approve a joint $800 million stadium renovation plan with the Carolina Panthers that ties the NFL team to the city for the next 20 years.

www.espn.com

Nice to see that they won’t be using tuition dollars.

Kraft probably read this article and said to himself, “See? We’re on the right path.”

In other news, Northwestern broke ground on a new $800 million stadium that could only hold our student section.

 

[GrimReaper]

In other news, Northwestern broke ground on a new $800 million stadium that could only hold our student section.

Could PSU get someone to privately fund renovation of the student section in Beaver Stadium?

 

[PSUJam]

Could PSU get someone to privately fund renovation of the student section in Beaver Stadium?

The Chick-fil-A student section at Beaver Stadium? Closed on Sundays?

 

[laKavosiey-st lion]

In other news, Northwestern broke ground on a new $800 million stadium that could only hold our student section.

I LOVE those purple seats. I think watching State in that tiny stadium will be great fun.

 

[BobPSU92]

In other news, Northwestern broke ground on a new $800 million stadium that could only hold our student section.

This is what we’re up against.

How do northwestern alums feel about this? Doesn’t it go against their academics-first ideals?

 

[Midnighter]

See the link below. From the article:

“CHARLOTTE, N.C. -- The Carolina Panthers are staying in Charlotte for the foreseeable future.

The Charlotte City Council voted Monday night to approve a joint $800 million stadium renovation plan with the Panthers that ties the NFL team to the city for the next 20 years.

Under the policy document, the city will pay $650 million toward the renovation of Bank of America Stadium in return for Panthers owner David Tepper keeping the team in Charlotte through 2045. Tepper will pay the remaining $150 million up front.

Tepper already has invested more than $117 million in stadium upgrades and also has agreed to another estimated $421 million in potential overages for capital improvements over the term of the deal.

The city's investment would be funded by existing hospitality and tourism tax resources, which are required by the state to be spent on projects to support the city's tourism economy.”

Charlotte City Council OK's Panthers stadium renovation plan

The Charlotte City Council voted 7-3 Monday night to approve a joint $800 million stadium renovation plan with the Carolina Panthers that ties the NFL team to the city for the next 20 years.

www.espn.com

Nice to see that they won’t be using tuition dollars.

Kraft probably read this article and said to himself, “See? We’re on the right path.”

 

[Midnighter]

This is what we’re up against.

How do northwestern alums feel about this? Doesn’t it go against their academics-first ideals?

Um, the person/people/entity who privately funded it can do whatever they want.

 

[GrimReaper]

This is what we’re up against.

How do northwestern alums feel about this? Doesn’t it go against their academics-first ideals?

Um, the person/people/entity who privately funded it can do whatever they want.

IIRC, one version of the proposal had NU paying about $150mm. That met with some opposition from the faculty. That was largely eliminated when NU got donors to kick in the rest.

 

[BobPSU92]

Um, the person/people/entity who privately funded it can do whatever they want.

Northwestern could have said, “No. This isn’t who “WE ARE!”.”

 

[Midnighter]

Northwestern could have said, “No. This isn’t who “WE ARE!”.”

They showed us - they're a school with rich alumni who want to support their program.

 

[BobPSU92]

They showed us - they're a school with rich alumni who want to support their program.

Whereas we have poor alumni who don’t want to support our program.

The air must smell really good in Evanston.

 

[GrimReaper]

Whereas we have poor alumni who don’t want to support our program.

The air must smell really good in Evanston.

Pretty sure PSU doesn't have an alum with a net worth close to Pat Ryan's. Would be an interesting exercise to se how many of the Top X would have to be added up to get there.

 

[PSUJam]

Pretty sure PSU doesn't have an alum with a net worth close to Pat Ryan's. Would be an interesting exercise to se how many of the Top X would have to be added up to get there.

https://www.cnbc.com/2018/06/19/the-no-2-school-for-graduating-ceos-is-penn-state-not-harvard-or-mit.html

 

[Tom McAndrew]

Jacksonville approves $1.4B renovation of Jaguars stadium

The Jacksonville City Council voted 14-1 Tuesday night to approve an agreement between the Jacksonville Jaguars and the city on a $1.4 billion renovation of EverBank Stadium.

www.espn.com

 

[Tgar]

In other news, Northwestern broke ground on a new $800 million stadium that could only hold our student section.

extremely impressive. Right sized stadium built with private funds in a very cool setting. looking forward to seeing a game here when it is finished.

 

[GrimReaper]

https://www.cnbc.com/2018/06/19/the-no-2-school-for-graduating-ceos-is-penn-state-not-harvard-or-mit.html

A six year old article using Linkedin as a source. Wonder what the net worth of Bob, CEO of Bob's Lemonade Stand is?

 

[LB99]

A six year old article using Linkedin as a source. Wonder what the net worth of Bob, CEO of Bob's Lemonade Stand is?

Ask The Rick. He’s into that.

 

[LB99]

In other news, Northwestern broke ground on a new $800 million stadium that could only hold our student section.

$800 million for 35,000 seats? I thought the NW people were supposed to be smart. They are getting fleeced.

 

[GrimReaper]

$800 million for 35,000 seats? I thought the NW people were supposed to be smart. They are getting fleeced.

How many seats is PSU getting for $700mm?

 

[laKavosiey-st lion]

Ask The Rick. He’s into that.

When he dies

 

[Bison13]

$800 million for 35,000 seats? I thought the NW people were supposed to be smart. They are getting fleeced.

The mob says it’s not

 

[PSUJam]

How many seats is PSU getting for $700mm?

 

[PSUJam]

Why not take each and every opportunity to advertise for every cent if you're serious about winning a championship? Put some ******** logos on field Pat!

Penn State Football: Beaver Stadium Naming Rights? 'I'm Open to Everything,' Says Kraft

Penn State Vice President for Intercollegiate Athletics Pat Kraft is open to selling the naming rights to Beaver Stadium, he told StateCollege.com on

www.statecollege.com

 

[BobPSU92]

Why not take each and every opportunity to advertise for every cent if you're serious about winning a championship? Put some ******** logos on field Pat!

Penn State Football: Beaver Stadium Naming Rights? 'I'm Open to Everything,' Says Kraft

Penn State Vice President for Intercollegiate Athletics Pat Kraft is open to selling the naming rights to Beaver Stadium, he told StateCollege.com on

www.statecollege.com

Starbucks!

 

[Tom McAndrew]

 

[Midnighter]

Such a waste of taxpayer dollars.

 

[BobPSU92]

Such a waste of taxpayer dollars.

But Mahomes, Kelce, and the Swifties.

 

[Lion84]

Pretty sure PSU doesn't have an alum with a net worth close to Pat Ryan's. Would be an interesting exercise to se how many of the Top X would have to be added up to get there.

Terry Pegula is $7.6 vs $12.5 for Ryan - what’s a fee billion between friends.

 

[manatree]

And last month the Royals bought 140 acres in Kansas.

https://www.kmbc.com/article/royals-aspiria-campus-mortgage-overland-park/64909097

 

[ApexLion]

Just a heads up, UNC is building a new basketball mecca to replace the Dean Dome near my neighborhood. Restaurants, park, and 20k arena in a residential area. This is what I'm up against. Can't wait for the traffic. Plus side = I can walk to the games.

 

[BobPSU92]

Just a heads up, UNC is building a new basketball mecca to replace the Dean Dome near my neighborhood. Restaurants, park, and 20k arena in a residential area. This is what I'm up against. Can't wait for the traffic. Plus side = I can walk to the games.

They should build it in Durham, just because.

 

[kgilbert78]

Such a waste of taxpayer dollars.

Yep. That's why Oakland made the choice they did. But it's also why Oakland no longer has any professional sports, when they once had a team in all four major leagues plus the NASL back in the day. The current market does not allow a city to keep teams if they make Oakland's choice, as there's enough cities that will steal teams, like Austin tried to do to Columbus.

 

[Midnighter]

Yep. That's why Oakland made the choice they did. But it's also why Oakland no longer has any professional sports, when they once had a team in all four major leagues plus the NASL back in the day. The current market does not allow a city to keep teams if they make Oakland's choice, as there's enough cities that will steal teams, like Austin tried to do to Columbus.

Zero reason for taxpayers to subsidize billionaires. That said, if you’re going to do it, it should be with public support (via ballot). Think voters rejected public funds for new stadiums in a vote last year but this move by the governor funds them anyway (unless I am reading this wrong). I can’t stand Jerry Jones but in Dallas the public voted for and approved $325mm to fund Jerryworld while he paid $825mm and got a little from the NFL. That is the way to do it.

 

[LionJim]

Zero reason for taxpayers to subsidize billionaires. That said, if you’re going to do it, it should be with public support (via ballot). Think voters rejected public funds for new stadiums in a vote last year but this move by the governor funds them anyway (unless I am reading this wrong). I can’t stand Jerry Jones but in Dallas the public voted for and approved $325mm to fund Jerryworld while he paid $825mm and got a little from the NFL. That is the way to do it.

Go look up Abe Pollin.

 

[Midnighter]

Go look up Abe Pollin.

Seems like he put a lot of his own money into what would eventually be Capital One, but saw this as well:

More recently, Monumental Sports & Entertainment, led by Ted Leonsis, is involved in a significant $800 million renovation of Capital One Arena. This project includes a large public investment of $515 million from the District of Columbia, with Monumental contributing a minimum of $285 million.

What’s interesting is DC foots the bill while VA and MD enjoy the games.

 

[kgilbert78]

Zero reason for taxpayers to subsidize billionaires. That said, if you’re going to do it, it should be with public support (via ballot). Think voters rejected public funds for new stadiums in a vote last year but this move by the governor funds them anyway (unless I am reading this wrong). I can’t stand Jerry Jones but in Dallas the public voted for and approved $325mm to fund Jerryworld while he paid $825mm and got a little from the NFL. That is the way to do it.

While I agree with the principle, you have to be willing to lose your team(s). Because that's the way it works in real life, these days.

I'lll note that having sports add a lot to a city. In Columbus, they took over the old State Pen site to build Nationwide Arena--and after that Huntington Park (AAA baseball) and the new Crew stadium just down the street. It's close to the Convention Center as well. It's an area that was full of old industrial buildings that were derelict in some cases and the like. Now it's a booming area with lots of new housing and restaurants and hotels. That can make it a good investment.

 

[Midnighter]

While I agree with the principle, you have to be willing to lose your team(s). Because that's the way it works in real life, these days.

I'lll note that having sports add a lot to a city. In Columbus, they took over the old State Pen site to build Nationwide Arena--and after that Huntington Park (AAA baseball) and the new Crew stadium just down the street. It's close to the Convention Center as well. It's an area that was full of old industrial buildings that were derelict in some cases and the like. Now it's a booming area with lots of new housing and restaurants and hotels. That can make it a good investment.

I don’t disagree but it’s about the opportunity cost and investment. If it’s relatively minimal and with voter approval, all good. If you’re mortgaging your budget just to get a team and go around voters to do so, not good. Some of these deals are just horrible. As for Columbus, could the city have done the same with the money without propping up a sports team? You can have a vibrant neighborhood/city without a major sports team to anchor it. Parks, cultural attractions, shopping/dining can do the same for less money and traffic.

 

[kgilbert78]

I don’t disagree but it’s about the opportunity cost and investment. If it’s relatively minimal and with voter approval, all good. If you’re mortgaging your budget just to get a team and go around voters to do so, not good. Some of these deals are just horrible. As for Columbus, could the city have done the same with the money without propping up a sports team? You can have a vibrant neighborhood/city without a major sports team to anchor it. Parks, cultural attractions, shopping/dining can do the same for less money and traffic.

They have tried. Spent more on stuff that isn't used. What's left of the replica Santa Maria is rotting away in storage somewhere. Sports bring in a consistent audience during their season, as well as concerts and the like at other times, since the facilities are already there. Consistent is the key.

 

[Midnighter]

They have tried. Spent more on stuff that isn't used. What's left of the replica Santa Maria is rotting away in storage somewhere. Sports bring in a consistent audience during their season, as well as concerts and the like at other times, since the facilities are already there. Consistent is the key.

Economists almost universally agree public funds could be better spent. Will leave it there. Enjoy the hockey!