Interesting....
Carolina Panthers stadium could gain state interest
http://www.bizjournals.com/charlotte/blog/queen_city_agenda/2012/11/carolina-panthers-stadium-could-gain.html?page=3
Charlotte Chamber chief: Potential Panthers relocation 'scares the hell out of me'
http://www.bizjournals.com/charlotte/blog/queen_city_agenda/2012/11/chamber-chief-says-nfl-exit-scares.html
Interesting. We have an owner who has already made investments in our stadium, without local or state help, with more to come.
unless they are sold, they ain't moving since Richardson has ties to the area.
People can say what they will but weve done a darn good job at keeping our stadium up to date. IF Im not mistkane, it has already been renovated twice right? ( when attel bought naming rights and for the superbowl.) And of course more renovations to come. Its actually good that our city owns the stadium. No owner can just walk out of here without jumping over a shit load over hurdles and millions of dollars spent.
Bufalo, minnesota, st louis ect all have the same so called fears. It is very expensive to move a team. All bluster. LA will expand with London in 2020.
LA is a big place perhaps capable of two teams. However, why didn't they hold on to the teams they had. Now they want to probe the landscape for other cities teams.
Quote from: fsquid on November 08, 2012, 04:28:41 PM
unless they are sold, they ain't moving since Richardson has ties to the area.
Richardson isn't exactly a spring chicken, plus he has heart trouble.
I can't stand NFL owners who hold cities hostage. Invest some dam money in your stadium. I am very happy That Kahn is updating the locker room, the sound, and next year the video. This tells me that he means that he is committed to Jacksonville.
Quote from: I-10east on November 09, 2012, 12:25:26 AM
Quote from: fsquid on November 08, 2012, 04:28:41 PM
unless they are sold, they ain't moving since Richardson has ties to the area.
Richardson isn't exactly a spring chicken, plus he has heart trouble.
true and I have no idea if his kids can take the team and afford it (he's fired two of them from the Panthers).
Quote from: John P on November 08, 2012, 05:04:17 PM
Bufalo, minnesota, st louis ect all have the same so called fears. It is very expensive to move a team. All bluster. LA will expand with London in 2020.
Minnesota now has a new stadium plan in place...design is underway and construction will begin in 2013
Quote from: Seraphs on November 08, 2012, 11:44:57 PM
LA is a big place perhaps capable of two teams. However, why didn't they hold on to the teams they had. Now they want to probe the landscape for other cities teams.
LA Metro area refused to spring tax dollars for a new stadium. Felt the Olympic Coliseum was good enough. It was for general spectators but not for corporate skyboxes. Rosenbloom's took the team where the stadium was being built, St Louis where there was more revenue sharing. FWIW, the current Ram's ownership (Krohnke) is also threatening to move the Rams back to LA, Says the EJ Dome is no longer a "top ten" locale. St Louis has put millions in and completely replaced the digital scoreboards and signage. Even after spending millions, the new owners still came back and said "it needs a retractable roof" to be top ten. Just pure greed.
Al Davis tried to take advantage of the situation by moving the Raiders to LA in the hope that they would get the dollars for a stadium deal. When that didn't happen, Alameda County made him a decent offer to come back to Oakland. He bit on it, but then didn't back it up with good teams on the field. Revenue suffered and he tried to go back to LA and the courts and the NFL blocked him.
The issue of stadium "one upmanship" has really gotten out of hand. Exacerbating the situation is Jerry Jones and that Taj Mahal in Irving called "Cowboys Stadium". Jerry gets a significant cut of the event revenue for the locale and other owners are seeing that and want it too. The issue in Minnesota is indirectly related to the opening of Cowboys stadium.
Team Owners want the revenue, but not the risk. So that is why they want taxpayers to foot stadium costs.
There are 4 metro areas in the US that could easily support 2 teams each. NYC, Chicago, SF and LA. For years the City of Chicago said they would not invest in a new stadium unless the NFL allowed a second team to play there otherwise it wasn't worth building it. The NFL had to personally kick in the seed money to make the current deal work. However, only 55,000 seats for 10 games annually for a metro area covering 6 million people. It makes for some very expensive seats and Bears made no haste dropping some season ticket holders who had been renewing for some 40 years!!
We are in an opposite situation like Charlotte. More seats in a smaller metro area. When the teams suffer, the effects are more pronounced.
Fortunately in Jax we have a new owner who understands the market and is taking a long term view.
The LA collesium is a horrible place to watch a game.
There are several other cities that could easily support a team. El Paso is the largest metro area on the U.S./Mexican border and the region constitutes the largest bi-national metropolitan area encompassing an estimated population of 2.7 million. Austin metropolitan area with a population of: 1.7 million. And as of 2012, San Antonio Metro Area's population is 2,142,508 people. A team placed anywhere in west Texas would have a huge market both real and televised. Further west Salt Lake City has: 1.2 million while the entire metro called the Wasatch Front has: 1.8 million ( From Ogden to Provo ). Lastly Portland is Oregon's most populous city, and the third most populous city in Oregon with approximately 2,260,000 people living in the Portland metropolitan area. Birmingham? Memphis? Hell's bells there is enough for another entire division if they would allow it.
I think that whole "two teams in LA" thing is ludicrous. With the bureaucratic red tape among other things, it's a challenge just to get one team in LA right now never the less two; Talk about putting the cart before the horse.
IMO NYC will be the only metro area with two NFL teams in the foreseeable future. All of the other big cities (Chicago etc) already are loyal fans of their existing teams, so I don't see them having any competition. Notice that all of the sports cities with two teams (in the four major sports) is that both city rivals have good amount of tradition, and have been in those cities for a considerably long time. As of recent history, you never see one old team, and a new expansion team playing in the same city, there's a reason for that.
A second expansion team in Southern California wouldn't likely be "in" LA. Santa Ana-Anaheim-Irvine, CA (3,026,968 population 2010) at 42 miles distance, and San Bernardino (4,225,000 population in 2010 ) 68 miles away, could both easily support teams on their own. But would they? Los Angeles had some pretty abysmal attendance over the years, supporting neither the NFL or the NSL (Odd since the metro has a massive Hispanic population). Otherwise it is likely to come down to "Television Market Size" in which case we're toast. Jacksonville is the 50Th largest TV market in the nation, but there are only 32 teams. As an example of the constant threat hanging over our heads here are a few of the TV markets.
TELEVISION MARKET SIZE:
I've underlined cities without teams that could be putting pressure on the league.
Rank Metropolitan Market Regions / Areas
1 New York
2 Los Angeles
3 Chicago
4 Philadelphia
5 Dallas-Ft. Worth
6 San Francisco-Oakland-San Jose
7 Boston
8 Atlanta
9 Washington, DC
10 Houston
11 Detroit
12 Phoenix
13 Tampa-St. Petersburg
14 Seattle-Tacoma
15 Minneapolis-St. Paul
16 Miami-Ft.Lauderdale
17 Cleveland-Akron
18 Denver
19 Orlando-Daytona Beach-Melbourne
20 Sacramento-Stockton-Modesto
21 St. Louis
22 Portland, OR
23 Pittsburgh
24 Charlotte, NC
25 Indianapolis
26 Baltimore
27 Raleigh-Durham
28 San Diego
29 Nashville
30 Hartford-New Haven
31 Kansas City
32 Columbus, OH
33 Salt Lake City
34 Cincinnati
35 Milwaukee
36 Greenville-Spartanburg-Asheville-Anderson
37 San Antonio
38 West Palm Beach-Ft. Pierce
39 Grand Rapids-Kalamazoo-Battle Creek
40 Birmingham
41 Harrisburg-Lancaster-Lebanon-York
42 Las Vegas
43 Norfolk-Portsmouth-Newport News
44 Albuquerque-Santa Fe
45 Oklahoma City
46 Greensboro-High Point-Winston-Salem
47 Jacksonville, FL
48 Memphis
49 Austin
50 Louisville
51 Buffalo
Cities that have lost teams, before LOS ANGELES:
• Canton Bulldogs
• Columbus Panhandles
• Dayton Triangles
• Decatur Staleys
• Hammond Pros
• Muncie Flyers
• Rochester (N.Y.) Jeffersons
• Rock Island Independents
• Evansville Crimson Giants
• Louisville Brecks
• Tonawanda Kardex
• Marion Oorang Indians
• Milwaukee Badgers
• Racine Legion
• Columbus Panhandles
• Columbus Tigers
• Duluth Kelleys
• Marion Oorang Indians
• Frankford Yellow Jackets
• Kenosha Maroons
• Providence Steam Roller
• Pottsville Maroons
Quote from: I-10east on November 10, 2012, 12:25:11 AM
I think that whole "two teams in LA" thing is ludicrous. With the bureaucratic red tape among other things, it's a challenge just to get one team in LA right now never the less two; Talk about putting the cart before the horse.
IMO NYC will be the only metro area with two NFL teams in the foreseeable future. All of the other big cities (Chicago etc) already are loyal fans of their existing teams, so I don't see them having any competition. Notice that all of the sports cities with two teams (in the four major sports) is that both city rivals have good amount of tradition, and have been in those cities for a considerably long time. As of recent history, you never see one old team, and a new expansion team playing in the same city, there's a reason for that.
I think if you asked the fans of the NFL Chicago Cardinals, who played at Comiskey Park, (Bears played at Wrigley Field) they would disagree. 1956 NFL Champions, their fans were very loyal and did not want them to move. The Bidwell Family moved them twice, first St Louis to play at the then new Busch Stadium, then later to Arizona in anticipation of a new stadium being built.
Every time someone from the 1956 championship team passes away, its news in Chicago.
When it was proposed that Chicago take on another team to justify a new stadium in 2000, the only ones against it were the Bears and the NFL. The McCaskey's didn't want any competition for their monopoly and the NFL didn't want another team diluting the Bears lucrative TV ratings.
Since then Chicago has had several teams from the USFL, WFL and (Arena) AFL, and all did fine until their respective leagues crumbled.
^^^I never said that Chicago couldn't support two NFL teams, I just don't see it happening in the foreseeable future. Thanks for making my point for me with the Chicago Cardinals having history vs the '2016 Chicago expansion team' logic; Also like you said, the NFL and Bears don't want another Chicago team. The Chicago Cardinals played from 1945 to 1959 that's a bygone WWII era that makes the last memory of the Baltimore Colts seem recent. Just like when a Chicago Cardinals player passes away; The same thing can by said for the actual dying fans, as they aren't exactly spring chickens either. Chicago is a die hard Bears town, and rooting for any other team there is sacrilegious. Everyone is way too intrigued with this "two NFL teams in a big metropolis" thing that never seems to happen anymore.
More talk about the Panthers potentially moving.
www.profootballtalk.nbcsports.com/2012/11/11/panthers-areon-l-a-s-radar/#comment-2111085
Everyone always talks about this every year in every NFL city. Heck even in NYC the talk was that if Jets didn't get their own stadium they'd move. Though it hasn't been made fact yet, it has been pretty much assured that the Oakland Raiders will move into the new Farmers Field when complete and become the LA Raiders. Before everyone jumps on this ... no it is not a sure thing yet, and will probably wait until after Anschutz Entertainment Group has a buyer (owners of Farmers Field and LA Live where this is suppose to be), but it has been accepted by the masses and was even quoted in Oakland city council meetings about renewing their lease (they voted against it).
Like everything, you have the naysayers and debbie downers who will always put a spin of doom on a story. No teams are moving in the next 2 years and chances are a big change with expansion will be the only thing Jaguars have to be worried about ... and that won't be for many years.
Quote from: JayBird on November 11, 2012, 03:37:02 PM
No teams are moving in the next 2 years and chances are a big change with expansion will be the only thing Jaguars have to be worried about ...
Oh, so only the Jags have to worry huh? You're definitely not a "Debbie Downer, or a Naysayer" ::)
Sounds like you are being very protective of Carolina.
Quote from: I-10east on November 11, 2012, 04:52:47 PM
Quote from: JayBird on November 11, 2012, 03:37:02 PM
No teams are moving in the next 2 years and chances are a big change with expansion will be the only thing Jaguars have to be worried about ... and that won't be for many years.
Oh, so only the Jags have to worry huh? You're definitely not a "Debbie Downer, or a Naysayer" ::)
Sounds like you are being very protective of Carolina.
Thank you for proving my point on spin. I know nothing of carolina except where they are on a map. I am a proud Die Hard Jags Fan who BLEEDS BLACK N' TEAL. I was simply referring to how any time someone mentions a team moving or being sold its immediately followed with "oh the Jags will be sold/move/collapse" or like nonsense. Being this is the MetroJACKSONVILLE site, I naturally brought it back to Jacksonville's very own team. Had this been MetroPHILADELPHIA the post would've said the Eagles instead.
^^^My fault, I badly misread another post yet again. I need to start thoroughly reading posts before I reply. Sorry about that. :-[ :-[ :-[
I wondered bc you're one of the ones whom I usually like to read your input. No apology necessary, I've done same
How does one grow a television market size?
Quote from: Coolyfett on December 01, 2012, 11:32:57 AM
How does one grow a television market size?
Simple. Install streetcars and commuter rail, reopen Jacksonville Terminal, get the river channel to 50 feet, encourage the Navy to take another look at Cecil Field, Whitehouse or even Green Cove Springs, play all of our cards related to recent NY Times article that big banks and financial institutions are looking at Jacksonville, be aggressive. Be less restrictive, allow roller skates, skate boards, bicycles, fishing and card playing ANYWHERE in the metro. Accommodate - embrace - sell the community. Mow the grass, replace broken fixtures, unlock our parks, manicure our streets, plant trees, vines and flowers, expand our recreational opportunities. Host an international Expo, create more events, and shine lights on our history.
Do this and TV market size will take care of itself.
http://www.nytimes.com/2012/07/02/business/finance-jobs-leave-wall-street-as-firms-cut-costs.html?pagewanted=all
I was in Charlotte this weekend for the ACC Championship....and to be honest, their stadium is boring at best...and that's not just because it was half-empty ACC haters :)
^^^It does look boring. The best thing about it is the 'facade' on the outside. BOA Stadium is a technologically outdated boring symmetrical stadium.
you mean they ACC Championship cant even draw sell out crowds in carolina? at least with FSU playing in it, we probably would have had a larger crowd here in Jax.
what football stadiums are "exciting"? Other than Seattle, Dallas and Chicago's they are about the same.
FWIW there was an article in a paper in Atlanta last week that declared that the Falcons would have the "opportunity" to move to Los Angeles either in 2017 when they pay their bonds off (or earlier if they prepay) IF the city doesn't fork over the Billion dollar plus it is going to require to build a new stadium.
Of course the Falcons will never move, but I think it's funny that the article spins a move completely differently up here, sort of as a way to hold it over people's heads rather than a "self-esteem" issue. Arthur Blank is throwing $300MM of his own cash to the stadium and the Falcons will throw I believe $150MM, the rest coming from the bed tax and city bonds. A new stadium is happening much to the chagrin of probably most people here (we "have to" compete with Meadowlands, Glendale, Dallas, Houston, and all of those other outrageously expensive new stadiums, LoL...and the everyday citizens who are FOR this believe that we'll be able to get MLS and non-friendly MLS championship games and better concerts (LOL better concerts? than what???...every performer in the universe already stops through here...Madonna just came to Atlanta for the 10th F'ing time last month!!!).
A lot of the big college football fans in the suburbs are for this. They believe that events such as the SEC Championship will "go away" if we don't spend a billion dollars on a new stadium (forget the fact that the SEC Championship alone represents a negligible amount of payback on this "investment"). The not so funny thing is that most people in the city could give an F about the traffic inducing SEC Championship that brings a bunch of SEC drunk douches to our city for an entire weekend. We want more rail and better city amenities like more Beltline projects and better streets (and SAFER streets). We voted in the city to tax ourselves even more for projects that would benefit the city AND the suburbs and serve as an economic generator for the entire region and to the benefit of nearly everyone. The suburbs voted that [TSPLOST] down because they are all anti-tax and love to mooch off of the high-tax City of Atlanta services (like the current GA Dome! and MARTA which brings them to the Dome!). Now it looks like OUR CITY tax money (bed and bonds) is going to the friggin suburb fucks once again who care so much for a new stadium. Try that one on for size.
where will the new stadium be?
Welcome to the future: build a new stadium billion dollar stadium every twenty years, or lose your team.
Quote from: Tacachale on December 03, 2012, 03:48:00 PM
Welcome to the future: build a new stadium billion dollar stadium every twenty years, or lose your team.
What curious is The super dome was built in 1971 and they were, and still are not required to build a new one anytime soon. However, they have constantly upgraded. I think the NFL is more about keeping the facilities updated, versus requiring that you build a new one. I think its some of these owners who want new stadiums to keep up with everyone. And there are teams whose stadiums are beyond renovation also.
^^^Agreed, for the most part it's about keeping the stadiums up to date, not rebuilding new ones. There are a couple of exceptions like Qualcomm; Of course San Fran and Minny are scheduled to build new stadiums in the future.
Quote from: duvaldude08 on December 03, 2012, 04:12:57 PM
Quote from: Tacachale on December 03, 2012, 03:48:00 PM
Welcome to the future: build a new stadium billion dollar stadium every twenty years, or lose your team.
What curious is The super dome was built in 1971 and they were, and still are not required to build a new one anytime soon. However, they have constantly upgraded. I think the NFL is more about keeping the facilities updated, versus requiring that you build a new one. I think its some of these owners who want new stadiums to keep up with everyone. And there are teams whose stadiums are beyond renovation also.
Upgrading helps, however, Hurricane Katrina also affected New Orleans' deal. The Superdome's last updating cost nearly as much as the entire Georgia Dome (and more than EverBank Field). The Feds paid for most of it.
The storm also removed the team's leverage. You'd have to be one horrible group of bastards to threaten to leave a city that had suffered that, and that's how most teams get their outrageous stadiums built.
Quote from: I-10east on December 03, 2012, 04:55:20 PM
^^^Agreed, for the most part it's about keeping the stadiums up to date, not rebuilding new ones. There are a couple of exceptions like Qualcomm; Of course San Fran and Minny are scheduled to build new stadiums in the future.
Kansas City also recently upgraded Arrowhead. Everything's up to date in Kansas City.
San Fran has already broken ground on theirs. It's out in the burbs though.
Quote from: Tacachale on December 03, 2012, 05:04:30 PM
Quote from: duvaldude08 on December 03, 2012, 04:12:57 PM
Quote from: Tacachale on December 03, 2012, 03:48:00 PM
Welcome to the future: build a new stadium billion dollar stadium every twenty years, or lose your team.
What curious is The super dome was built in 1971 and they were, and still are not required to build a new one anytime soon. However, they have constantly upgraded. I think the NFL is more about keeping the facilities updated, versus requiring that you build a new one. I think its some of these owners who want new stadiums to keep up with everyone. And there are teams whose stadiums are beyond renovation also.
Upgrading helps, however, Hurricane Katrina also affected New Orleans' deal. The Superdome's last updating cost nearly as much as the entire Georgia Dome (and more than EverBank Field). The Feds paid for most of it.
The storm also removed the team's leverage. You'd have to be one horrible group of bastards to threaten to leave a city that had suffered that, and that's how most teams get their outrageous stadiums built.
The thing was built in 1971. By the time the hurricane occured, the dome was already 34 years old. My point is that stadiums can last longer 20 or 30 years. IF you stadium is up to standard, they not going to force you to build another. But again, sometimes stadiums are falling apart and in that situation, you have to build a new one. Everbank, IMO will be around for a very long time. The one thing we have done right is keep that stadium up to date. And with Khan willing to open up the check book for more renovations soon, we'll be set for awhile. City is a blessing. Because Jacksonville is broke. So him paying for some renovations on a city owned stadium cuts the city a break for awhile.
Quote from: duvaldude08 on December 03, 2012, 05:42:40 PM
Quote from: Tacachale on December 03, 2012, 05:04:30 PM
Quote from: duvaldude08 on December 03, 2012, 04:12:57 PM
Quote from: Tacachale on December 03, 2012, 03:48:00 PM
Welcome to the future: build a new stadium billion dollar stadium every twenty years, or lose your team.
What curious is The super dome was built in 1971 and they were, and still are not required to build a new one anytime soon. However, they have constantly upgraded. I think the NFL is more about keeping the facilities updated, versus requiring that you build a new one. I think its some of these owners who want new stadiums to keep up with everyone. And there are teams whose stadiums are beyond renovation also.
Upgrading helps, however, Hurricane Katrina also affected New Orleans' deal. The Superdome's last updating cost nearly as much as the entire Georgia Dome (and more than EverBank Field). The Feds paid for most of it.
The storm also removed the team's leverage. You'd have to be one horrible group of bastards to threaten to leave a city that had suffered that, and that's how most teams get their outrageous stadiums built.
The thing was built in 1971. By the time the hurricane occured, the dome was already 34 years old. My point is that stadiums can last longer 20 or 30 years. IF you stadium is up to standard, they not going to force you to build another. But again, sometimes stadiums are falling apart and in that situation, you have to build a new one. Everbank, IMO will be around for a very long time. The one thing we have done right is keep that stadium up to date. And with Khan willing to open up the check book for more renovations soon, we'll be set for awhile. City is a blessing. Because Jacksonville is broke. So him paying for some renovations on a city owned stadium cuts the city a break for awhile.
Of course stadiums will last; there are college stadiums that are decades old. The difference is that they can't threaten to move if they don't get their Taj Mahal built.
Don't kid yourself, there were rumblings of a new stadium and threats of moving in NO before the storm. After the storm, though, the city had all the public sympathy as well as over $100 million in federal money for the renovation, which cost as much as a new stadium. But yes, consistent upgrades can fend off the inevitable for a while.
http://www.charlotteobserver.com/2013/01/15/3789951/charlotte-city-council-backs-carolina.html (http://www.charlotteobserver.com/2013/01/15/3789951/charlotte-city-council-backs-carolina.html)
Charlotte to raise Food and Beverage taxes 1 cent for dollar for Panther stadium renovations. State of NC must approve also.
Quote from: vicupstate on January 16, 2013, 05:17:13 AM
http://www.charlotteobserver.com/2013/01/15/3789951/charlotte-city-council-backs-carolina.html (http://www.charlotteobserver.com/2013/01/15/3789951/charlotte-city-council-backs-carolina.html)
Charlotte to raise Food and Beverage taxes 1 cent for dollar for Panther stadium renovations. State of NC must approve also.
Governor is the former mayor of Charlotte, so it will get through.
NFL g-4 loan program...
Quote1. That for any stadium construction project (new stadium or stadium renovation the costs of which will exceed $50 million) involving a private investment for which an affected club or its affiliated stadium entity (“Developing Clubâ€) makes a binding commitment, either NFL Ventures, an affiliate of NFL Ventures or another entity designated by the Finance Committee (the “League-Level Lenderâ€) shall provide funding (“League-Level Fundingâ€) of up to $200 million in the aggregate to the Developing Club to support such project based on the amount that the Developing Club has committed or that will be applied to such project (either through the issuance of equity or the application of PSL proceeds or, except as otherwise provided below in respect of the Second Tranche, through debt incurred by the applicable entity) as a private contribution (the “Private Contributionâ€) as follows:
a. For up to $200 million of project costs for a new stadium and up to $250 million of project costs for a stadium renovation, the League-Level Lender will advance a loan equal to the lesser of the amount of the Private Contribution to such costs and $100 million (i.e., stadium renovations shall be subject to a $50 million deductible to be funded by a Private Contribution) (the “First Trancheâ€), with such loan to be repaid through waived club seat premium VTS and “Incremental Gate VTS†(defined below) during the first 15 seasons of operations in the new stadium and to otherwise include such terms, including with respect to maturity, interest, repayment and subordination, as the League-Level Lender may determine, provided that the controlling owner of the club will be required to guarantee and pay on a current basis any shortfalls in scheduled repayments due to club seat premium VTS and Incremental Gate VTS falling below the amounts necessary for such repayments;
b. If there has been a Private Contribution of $100 million ($150 million in the case of a stadium renovation) towards the costs referenced in subsection (a) above, then for project costs between $200 million and $350 million for a new stadium, and for project costs between $250 million and $400 million for a stadium renovation, the League-Level Lender shall provide, in a manner determined by the Finance Committee on a case-by-case basis, an amount equal to 50% of the Private Contribution towards such costs (i.e., the League-Level Lender will provide up to $50 million of such costs) (the “Second Trancheâ€), provided that for purposes of such funding, only Private Contributions in the form of proceeds from the issuance of equity or the sale of PSLs shall be counted; and
c. If there has been a Private Contribution of $200 million ($250 million in the case of a stadium renovation) towards the costs referenced in subsections (a) and (b) above, then the League-Level Lender will advance a loan to the Developing Club of up to $50 million to cover the project costs between $350 million and $400 million for a new stadium, and for the project costs between $400 million and $450 million for a stadium renovation (the “Third Trancheâ€), with such loan to be made on such terms, including with respect to maturity, interest rate, repayment and subordination, as the League-Level Lender may determine, provided that any such loan shall be guaranteed by the controlling owner of the club.
For purposes of this resolution, Incremental Gate VTS means the amount by which gate VTS in the new or renovated stadium exceeds the greater of (i) the average of the final three years of gate VTS in the old or pre-renovated stadium and (ii) the gate VTS in the final year of operations in the old or pre-renovated stadium, in each case with the gate VTS in the old or pre-renovated stadium being increased on a cumulative annual basis at a percentage for any year equal to the League-wide year-over-year percentage increase in gate VTS for the then current season compared to the prior year, excluding for purposes of such percentage calculation gate VTS from new or substantially renovated stadiums that are not operational for the full two seasons. Notwithstanding the foregoing, in the event that the final year in the old or pre-renovated stadium is 2010, then for 2011 only, the increase in the actual gate VTS shall be deemed to be 2%.
2. That any stadium renovations less than $50 million and more than $10 million shall be eligible for a club seat premium waiver, debt ceiling waiver and/or PSL waiver (in each case subject to separate approval from the membership).
3. That League-Level Funding to a project will, unless the Finance Committee otherwise determines on a case-by-case basis, be made in conjunction with other funding sources on a pro rata basis (e.g., unless the Finance Committee otherwise determines, if the project is estimated to cost $1 billion and the League-Level Funding will total $200 million, then for every $4 of funding from other sources put into the project, $1 of League-Level Funding will be put into the project).
Miami has announced major renovation plans to Sun Life Stadium also.
www.profootballtalk.nbcsports.com/2013/01/14/dolphins-announce-stadium-renovation-plans/
Quote from: I-10east on January 16, 2013, 09:59:10 AM
Miami has announced major renovation plans to Sun Life Stadium also.
www.profootballtalk.nbcsports.com/2013/01/14/dolphins-announce-stadium-renovation-plans/
I have a feeling that the Marlins may have pretty much screwed the pooch for everyone in Miami...
Quote from: Wacca Pilatka on December 03, 2012, 05:09:51 PM
Quote from: I-10east on December 03, 2012, 04:55:20 PM
^^^Agreed, for the most part it's about keeping the stadiums up to date, not rebuilding new ones. There are a couple of exceptions like Qualcomm; Of course San Fran and Minny are scheduled to build new stadiums in the future.
Kansas City also recently upgraded Arrowhead. Everything's up to date in Kansas City.
LA LA LA LA LA!
O - K - L - A - H - O - M - A !
http://www.charlotteobserver.com/2013/01/28/3818943/carolina-panthers-pursue-62-million.html (http://www.charlotteobserver.com/2013/01/28/3818943/carolina-panthers-pursue-62-million.html)
Not only is the NC Legislature being asked for approval to raise Food and Beverage taxes, but also $62 mm in other state funds.
NC has a GOP trifecta (Gov., House, Senate) for the first time since Reconstruction. Even through the Gov is the former Charlotte Mayor, Pat McCrory, I think this might be difficult to pass. The NC economy was hurt badly by the financial meltdown, relative to other states. Cuts to education while giving millions to a billionaire, is going to have major backlash.
http://www.charlotteobserver.com/2013/02/08/3841653/carolina-panthers-officials-head.html (http://www.charlotteobserver.com/2013/02/08/3841653/carolina-panthers-officials-head.html)