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!
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.
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.
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.
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
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.
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
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.