@barrymc0ckner @serenity67 @circusbass @EduOverStadiums Having a professional sports team in your city is a privilege, not a right. Cities have to invest $$ for the right to have them. Just the way it is.
@jtlope @serenity67 @circusbass @EduOverStadiums 1/2 agree but I think we should have more referendums locally and single issue voting in our House of Representatives so that spending transparency is better and serves majority preference.
@jtlope @serenity67 @circusbass @EduOverStadiums 2/2 With referendums you would still see many areas opting to fund pro sports venues. And the franchises left without that would build into ticket, merchandise and concession pricing what the market will bear to make the venture work. Payrolls falling in line
@jtlope @serenity67 @circusbass @EduOverStadiums Also have to remember these stadiums typically host 25 - 50 large scale non-sporting events per year. Being in a brand new facility vs an outdated one can make the experience so there’s a broader benefit
@barrymc0ckner @serenity67 @circusbass @EduOverStadiums The new method for financing these stadiums which revolves around private placement financing will allow projects to pay for themselves. That is the method that is being used to help finance the Las Vegas Athletics ballpark
@jtlope @barrymc0ckner @circusbass @EduOverStadiums Even with #JohnFisher pooling his brother’s financial resources & funneling the money thru John as the primary source…he looks to still be AT LEAST $500MM short on funds he needs to build. He can’t sell off that much equity in the team w/out triggering the “flip-tax” penalty
@serenity67 @jtlope @circusbass @EduOverStadiums You’re just making things up here. The Fisher family is worth around $10B, and the combination of their capital, equity, and projected revenues for the stadium certainly qualifies them for a loan and/or makes the offering attractive for multi investor financing
@barrymc0ckner @serenity67 @circusbass @EduOverStadiums The private placement financing program with @GoldmanSachs will have private investors from all over the world. So the financing isn’t contingent on the Fishers family wealth. But investors worldwide look at Vegas as a safe investment.
@jtlope @serenity67 @circusbass @EduOverStadiums @GoldmanSachs The fact that the Fishers are involved and have a major stake in the success of the club and repercussion for an early exit make it a safer investment as well Oakland fans need to get over the fact that the “short on construction capital” runor is an absolute myth
@serenity67 @jtlope @circusbass @EduOverStadiums @GoldmanSachs You guys will get through it. Time heals all wounds
@barrymc0ckner @serenity67 @circusbass @EduOverStadiums @GoldmanSachs Most of the haters on this medium are still at stage 1