Charlotte feels Jacksonville's pain as speculation arises that Panthers may move

[fsquid]

where will the new stadium be?

[Tacachale]

Welcome to the future: build a new stadium billion dollar stadium every twenty years, or lose your team.

[duvaldude08]

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.

[I-10east]

^^^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.

[Tacachale]

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.

[Wacca Pilatka]

^^^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.

[fsquid]

San Fran has already broken ground on theirs.  It's out in the burbs though.

[duvaldude08]

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.

[Tacachale]

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.

[vicupstate]

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.

[fsquid]

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.

[BridgeTroll]

NFL g-4 loan program...

1.     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 Club”) makes a binding commitment, either NFL Ventures, an affiliate of NFL Ventures or another entity designated by the Finance Committee (the “League-Level Lender”) shall provide funding (“League-Level Funding”) 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 Contribution”) 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 Tranche”), 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 Tranche”), 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 Tranche”), 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).

[I-10east]

Miami has announced major renovation plans to Sun Life Stadium also.

www.profootballtalk.nbcsports.com/2013/01/14/dolphins-announce-stadium-renovation-plans/

[Non-RedNeck Westsider]

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...

[Ocklawaha]

^^^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 !