On Sun, 11 Nov 2007 17:45:31 -0500, "sam" <sam49 RemoveThis @usa.net> wrote:
|agree - he is just looking for another public handout. I hope he finds it
|...in Vancouver!
|
|sam
|
|"james" <george RemoveThis @washington.edu> wrote in message
|news:646cj3tdg5hodu8f5jdep5h4albulhfubv@4ax.com...
|> On Fri, 9 Nov 2007 21:36:56 -0500, "sam" <sam49 RemoveThis @usa.net> wrote:
|>
|> |http://www.sptimes.com/2007/11/09/Southpinellas/Rays_seeking_new_stad.shtml
|> |
|> |I'm thinking if they kick that into player salaries, the existing stadium
|> is
|> |fine.
|> |
|> |-------------
|>
|> How about Stu kicking in another $300 million and pay for it himself.
|>
|> james
|
|--------------------
It is not a handout that he is looking for but standard operating
procedure for sports franchise owners. Never invest 100% in capital
expendatures like stadiums. Use as much public funding as possible so
that you keep options of moving alive and that the local cummunity has
a stake in the franchise. That way stadium costs don't take from your
revenue stream and the owner's pocket.
That is what hurt Wayne Huzinga when he aquired the Dolphins. Joe
Robbie built the stadium for $110 million and pledged sky box revenue
for 10 yrs to pay for the stadium. He needed another tennat in the
stadium so he aquired a MLB. Five yrs later, a WS ring, and the
stadium was paid for he no longer needed the Marlins. Hence the fire
sale.
james
>> Stay informed about: New Rays Stadium for St Pete? Stu would kick in 150 million 
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