Originally posted by Joecool:
I just don't get it. For as much money as the NFL makes, it can't build its own stadiums? It is like if Apple requests a city to pay for most of a new location.
Uh....these stadium cost more to build than the value of entire franchises.
Apple is a bad example....they have been gouging customers for YEARS. They charge 200% (sometimes more) of the value of a product just because it has the Apple Logo. I work in IT and one of the execs just ordered a 26" Apple Monitor. A Grand. A freakin' grand. I can get a monitor just as good with a different logo for half that.
EDIT: And by the way, the city ain't paying for it. The 49ers and City run StadCo, the stadium authority. The loan goes to StadCo. Who is screwed to pay back that loan if it doesn't get paid off? Yeah, that would be the 49ers who also cover cost overruns. That's why this lame attempt to get a new vote on the ballot is so bogus.
[ Edited by Marvin49 on Feb 2, 2012 at 12:44 PM ]