Virginia is for Suckers: VA leg looking to spend $1B to lure Washington Commanders

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.msn.com/en-us/sports/nfl/washington-s-new-stadium-may-include-retractable-roof/ar-AAUsPm0?ocid=msedgdhp&pc=U531

These idiots suggest that the new stadium might attract 100 events a year. What events? They need to name them. Simple BS! I wonder if Nats Park attracts 100 events a year, and it starts with 82 baseball games.

+1

Please name, supporters.

And… crickets.

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.msn.com/en-us/sports/nfl/washington-s-new-stadium-may-include-retractable-roof/ar-AAUsPm0?ocid=msedgdhp&pc=U531

These idiots suggest that the new stadium might attract 100 events a year. What events? They need to name them. Simple BS! I wonder if Nats Park attracts 100 events a year, and it starts with 82 baseball games.

+1

http://att.stadiumdallas.org/?msclkid=179a71f73f4e12b9a11113d3108c30f2

Here are what appear to be the non-NFL games to take place at the Cowboys stadium. I count 13, and I note that several appear to be Cowboy related events. I also note several D1 football games, an option that a Commanders' stadium would not have. Perhaps, I am missing something.

[Anonymous]

https://en.wikipedia.org/wiki/M%26T_Bank_Stadium

And here are the basics on the events that M&T in Baltimore have hosted.

[Anonymous]

Anonymous wrote:https://en.wikipedia.org/wiki/M%26T_Bank_Stadium

And here are the basics on the events that M&T in Baltimore have hosted.

That’s a lot more than FedEx has hosted and still isn’t that many.

[Anonymous]

https://www.washingtonpost.com/dc-md-va/2022/03/05/washington-commanders-football-stadium-virginia-funding/

Wow. The competence (or incompetence to be more accurate) of the Virginia Assembly is amazing.

I would be curious to see whether DC or MD make any real effort here. Both jurisdictions have substantially more experience, information, and data on these stadiums. Perhaps, their lack of effort means something.

[Anonymous]

WHAT DUM DUMS.

[Anonymous]

Don Beyer out there trying to save Virginia from itself

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m not sure you understand how public finance works. Why wouldn’t Virginia bid on getting the new stadium? How do you think Maryland got FedEx from DC’s RFK?

That’s how these kind of projects are built, via public finance through bonds in which the future collected taxes (property or sales) are pledged for future debt payment. I worked on the deal for Nats Park (which almost went to Virginia in Pentagon City) and the Ravens stadium for example.

This proposal of how the state would pay for the stadium is completely normal.

Public financing of football stadiums is a complete waste of taxpayer money. $1B for 8-10 games a year, at 100,000 at max attendance. 1 Million in total attendance. Yes, there may be a few extra events a year, but some of those are simply events that would be held elsewhere. In contrast, many MLB teams draw 2M plus in attendance over a year, excluding playoff games. Basketball/hockey arenas draw perhaps 1.5 Million a year. Moreover, NFL teams are richer and can afford to pay their own way.

You can have your own personal opinions re whether an NFL team should pay to build its own stadium but it doesn’t represent your knowledge of public finance. The projected numbers must be there for future revenue stream to get underwriting and bond ratings. I believe this is a form of TIF or sales tax pledge. This is normal for stadiums. DC does TIFs all the time. Maybe read up more on public finance before you make generalized statements that show no understanding. I’m not a football fan whatsoever so I could care less of Virginia gets the stadium but this is exactly how this sort of deal works.

None of this is true. The numbers for NFL stadium never work out as projected

I worked in city planning back when Fed ex was under construction in PG, so many BS lines fed to the communities close by (like Palmer Park) about how awesome this would be, all the new revenue and great jobs and new commercial development. and her were decades later and the struggling communities are worse off in proximity. And now PG is stuck with a stadium that is going to be oudated and irrlevant soon enough.

[Anonymous]

Anonymous wrote:https://en.wikipedia.org/wiki/M%26T_Bank_Stadium

And here are the basics on the events that M&T in Baltimore have hosted.

MT stadium is urban, that makes a huge difference on evonomic impacts. Same for Nats Park. fedex was in the middle of nowehere and now soon to be nowhere VA. At nats or audi field, people take metro to game after work easily, eat/drink before and after games in the neighborhood.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://en.wikipedia.org/wiki/M%26T_Bank_Stadium

And here are the basics on the events that M&T in Baltimore have hosted.

MT stadium is urban, that makes a huge difference on evonomic impacts. Same for Nats Park. fedex was in the middle of nowehere and now soon to be nowhere VA. At nats or audi field, people take metro to game after work easily, eat/drink before and after games in the neighborhood.

You may be missing the point. Football stadiums attract very few events. There are very few events that attract 100,000 attendees. I doubt M&T attracts more than 20 events a year (including football), but at least M&T shares parking space with Camden Yards. And DMV has more than enough concert venues, etc. Would anybody attend a concert on a Friday night that requires driving down 95South or 66W. I am very confident that none of the urban types would even think about it.

[Anonymous]

How’s that stadium deal coming along? Oh, what’s that you say? It was another farce that plays out ever 15 years or so …

Newsflash, VA is not getting a football team. It’ll be MD or DC, but honestly as long as Snyder owns the team I am never going to a game regardless of where it is played.

[Anonymous]

Anonymous wrote:How’s that stadium deal coming along? Oh, what’s that you say? It was another farce that plays out ever 15 years or so …

Newsflash, VA is not getting a football team. It’ll be MD or DC, but honestly as long as Snyder owns the team I am never going to a game regardless of where it is played.

No! Virginia really deserves the new stadium. Hope it is very expensive and the tax payers fully fund it!

[Anonymous]

VA has the region's highest percentage of affluence and jobs. Its infrastructure is also better (or less worse) compared to MD or DC. It's no wonder Snyder wants to move the team there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How’s that stadium deal coming along? Oh, what’s that you say? It was another farce that plays out ever 15 years or so …

Newsflash, VA is not getting a football team. It’ll be MD or DC, but honestly as long as Snyder owns the team I am never going to a game regardless of where it is played.

No! Virginia really deserves the new stadium. Hope it is very expensive and the tax payers fully fund it!

And I hope Virginia isn't stingy and funds dedicated rapid transit so that fans from DC and MD can enjoy the stadium too!