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NFL approves 200 Million of funding for Santa Clara stadium
Feb 2, 2012 at 12:30 PM
- Marvin49
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Feb 2, 2012 at 12:32 PM
- Joecool
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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.
Feb 2, 2012 at 12:37 PM
- Marvin49
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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.
So.....no.
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 ]
Feb 2, 2012 at 12:38 PM
- okdkid
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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.
The city is not paying for the stadium.
The 49ers are financing nearly all of it.
Feb 2, 2012 at 12:39 PM
- Joecool
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- Posts: 70,984
Originally posted by Marvin49:
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.
So.....no.
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.
Yeah but how much money do these stadiums make for the NFL? I know most of their money if probably from TV deals but is there anything in the build that says the city will receive a certain percentage of stadium-related profit? If so, then that's fair but otherwise, it is just B.S.
Feb 2, 2012 at 12:40 PM
- Marvin49
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Originally posted by okdkid:
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.
The city is not paying for the stadium.
The 49ers are financing nearly all of it.
Yeah...I think the city is kicking in liks 120 million of its redevelopment funds. The rest is funded by seat sales, naming rights, etc.
Feb 2, 2012 at 12:42 PM
- darkknight49
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Originally posted by Marvin49:Originally posted by okdkid: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.
The city is not paying for the stadium.
The 49ers are financing nearly all of it.
Yeah...I think the city is kicking in liks 120 million of its redevelopment funds. The rest is funded by seat sales, naming rights, etc.
According to Mr Barrows, the city only pays $40 million.
Feb 2, 2012 at 12:43 PM
- Marvin49
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Originally posted by Joecool:
Originally posted by Marvin49:
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.
So.....no.
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.
Yeah but how much money do these stadiums make for the NFL? I know most of their money if probably from TV deals but is there anything in the build that says the city will receive a certain percentage of stadium-related profit? If so, then that's fair but otherwise, it is just B.S.
Well of course the city gets some of the money. They also get shares of the $$$ from all of the other envents held there and sales tax $$$$ from everything sold in the satdium....not to mention all of the bars, hotels, and restaraunts in the area.
Just wait till the SUper Bowl is held there. Santa Clara will profit HUGE.
The people who don't like the project are essentially lying. They say the issue is the financing, but they couldn't give 2 sh*ts about that. They don't like the 68,000 fans showing up their neighborhood on sundays. That's their right, but they are just looking for every single loophole they can find to stop it.
Feb 2, 2012 at 12:43 PM
- chico49erfan
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Feb 2, 2012 at 12:43 PM
- Marvin49
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Originally posted by darkknight49:
Originally posted by Marvin49:
Originally posted by okdkid:
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.
The city is not paying for the stadium.
The 49ers are financing nearly all of it.
Yeah...I think the city is kicking in liks 120 million of its redevelopment funds. The rest is funded by seat sales, naming rights, etc.
According to Mr Barrows, the city only pays $40 million.
I stand corrected. The point was that it's a small %.
Feb 2, 2012 at 12:46 PM
- Joecool
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- Posts: 70,984
Originally posted by Marvin49:
Originally posted by Joecool:
Originally posted by Marvin49:
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.
So.....no.
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.
Yeah but how much money do these stadiums make for the NFL? I know most of their money if probably from TV deals but is there anything in the build that says the city will receive a certain percentage of stadium-related profit? If so, then that's fair but otherwise, it is just B.S.
Well of course the city gets some of the money. They also get shares of the $$$ from all of the other envents held there and sales tax $$$$ from everything sold in the satdium....not to mention all of the bars, hotels, and restaraunts in the area.
Just wait till the SUper Bowl is held there. Santa Clara will profit HUGE.
The people who don't like the project are essentially lying. They say the issue is the financing, but they couldn't give 2 sh*ts about that. They don't like the 68,000 fans showing up their neighborhood on sundays. That's their right, but they are just looking for every single loophole they can find to stop it.
Then that's no big deal. The main people who will be paying are the ones who want to pay to go to the games.
Feb 2, 2012 at 12:54 PM
- Marvin49
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- Posts: 16,501
Originally posted by Joecool:
Originally posted by Marvin49:
Originally posted by Joecool:
Originally posted by Marvin49:
Originally posted by Joecool:
I just don't get it. For as much money as the NFL makes, it can't build its own stadiums? It is like if Apple requests a city to pay for most of a new location.
Uh....these stadium cost more to build than the value of entire franchises.
So.....no.
Apple is a bad example....they have been gouging customers for YEARS. They charge 200% (sometimes more) of the value of a product just because it has the Apple Logo. I work in IT and one of the execs just ordered a 26" Apple Monitor. A Grand. A freakin' grand. I can get a monitor just as good with a different logo for half that.
Yeah but how much money do these stadiums make for the NFL? I know most of their money if probably from TV deals but is there anything in the build that says the city will receive a certain percentage of stadium-related profit? If so, then that's fair but otherwise, it is just B.S.
Well of course the city gets some of the money. They also get shares of the $$$ from all of the other envents held there and sales tax $$$$ from everything sold in the satdium....not to mention all of the bars, hotels, and restaraunts in the area.
Just wait till the SUper Bowl is held there. Santa Clara will profit HUGE.
The people who don't like the project are essentially lying. They say the issue is the financing, but they couldn't give 2 sh*ts about that. They don't like the 68,000 fans showing up their neighborhood on sundays. That's their right, but they are just looking for every single loophole they can find to stop it.
Then that's no big deal. The main people who will be paying are the ones who want to pay to go to the games.
Correct.....and the 49ers are NOT the only ones profiting. The City will profit as will all of the local businesses (Great America included. There is a reason they dropped the lawsuit and decided not to sell. They aren't stupid). Also, the DeBartolo/Montana Hotel/Entertainment Center thing will be right across the street. That area is now going to be huge $$$ manking district.
Stadium. Great America. Convention Center. Golf Course.
Feb 2, 2012 at 12:57 PM
- Marvin49
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- Posts: 16,501
Originally posted by Marvin49:
Originally posted by Joecool:
Originally posted by Marvin49:
Originally posted by Joecool:
Originally posted by Marvin49:
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.
So.....no.
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.
Yeah but how much money do these stadiums make for the NFL? I know most of their money if probably from TV deals but is there anything in the build that says the city will receive a certain percentage of stadium-related profit? If so, then that's fair but otherwise, it is just B.S.
Well of course the city gets some of the money. They also get shares of the $$$ from all of the other envents held there and sales tax $$$$ from everything sold in the satdium....not to mention all of the bars, hotels, and restaraunts in the area.
Just wait till the SUper Bowl is held there. Santa Clara will profit HUGE.
The people who don't like the project are essentially lying. They say the issue is the financing, but they couldn't give 2 sh*ts about that. They don't like the 68,000 fans showing up their neighborhood on sundays. That's their right, but they are just looking for every single loophole they can find to stop it.
Then that's no big deal. The main people who will be paying are the ones who want to pay to go to the games.
Correct.....and the 49ers are NOT the only ones profiting. The City will profit as will all of the local businesses (Great America included. There is a reason they dropped the lawsuit and decided not to sell. They aren't stupid). Also, the DeBartolo/Montana Hotel/Entertainment Center thing will be right across the street. That area is now going to be huge $$$ manking district.
Stadium. Great America. Convention Center. Golf Course.
Oh yeah....and one more thing.....
The 49ers will make alot more money too. More $$$$$$$ makes them more competetive ON THE FIELD. It makes it easier to eat bad contracts and to pay huge signing bonuses to Free Agents (both their own and other teams FAs).
The new stadium also makes the TEAM more attractive to Free Agents.
Peeps need to let go tf the "they have to stay in SF" thing. If you want to know why it ain't happening, just look at the City of SF. They screwed the pooch.
Feb 2, 2012 at 12:58 PM
- schmons
- Veteran
- Posts: 3,145
Originally posted by Marvin49:
The best news so far?
NO MENTION of the NFL mandating the Raiders be a tenant.
maybe now the raiders can upgrade and move into candlestick
Feb 2, 2012 at 12:58 PM
- 49AllTheTime
- Veteran
- Posts: 66,641
Originally posted by Marvin49:
Originally posted by Joecool:
Originally posted by Marvin49:
Originally posted by Joecool:
Originally posted by Marvin49:
Originally posted by Joecool:
I just don't get it. For as much money as the NFL makes, it can't build its own stadiums? It is like if Apple requests a city to pay for most of a new location.
Uh....these stadium cost more to build than the value of entire franchises.
So.....no.
Apple is a bad example....they have been gouging customers for YEARS. They charge 200% (sometimes more) of the value of a product just because it has the Apple Logo. I work in IT and one of the execs just ordered a 26" Apple Monitor. A Grand. A freakin' grand. I can get a monitor just as good with a different logo for half that.
Yeah but how much money do these stadiums make for the NFL? I know most of their money if probably from TV deals but is there anything in the build that says the city will receive a certain percentage of stadium-related profit? If so, then that's fair but otherwise, it is just B.S.
Well of course the city gets some of the money. They also get shares of the $$$ from all of the other envents held there and sales tax $$$$ from everything sold in the satdium....not to mention all of the bars, hotels, and restaraunts in the area.
Just wait till the SUper Bowl is held there. Santa Clara will profit HUGE.
The people who don't like the project are essentially lying. They say the issue is the financing, but they couldn't give 2 sh*ts about that. They don't like the 68,000 fans showing up their neighborhood on sundays. That's their right, but they are just looking for every single loophole they can find to stop it.
Then that's no big deal. The main people who will be paying are the ones who want to pay to go to the games.
Correct.....and the 49ers are NOT the only ones profiting. The City will profit as will all of the local businesses (Great America included. There is a reason they dropped the lawsuit and decided not to sell. They aren't stupid). Also, the DeBartolo/Montana Hotel/Entertainment Center thing will be right across the street. That area is now going to be huge $$$ manking district.
Stadium. Great America. Convention Center. Golf Course.
I think the Cities concern is the SBL's somewhat..
They vote for a new stadium and can't attend because the cost to get in the new joint costs an arm and a leg