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San Dee-Ay-Go, make that Los An-Gel-Es, Super Chargers?

Discussion in 'Sports and News' started by TigerVols, Dec 7, 2010.

  1. Chef2

    Chef2 Well-Known Member

    It will never happen.
     
  2. Inky_Wretch

    Inky_Wretch Well-Known Member

    $750M of public money for an NFL stadium in Vegas which will not show a dime of ROI.
     
  3. exmediahack

    exmediahack Well-Known Member

    Public money is relative in Nevada in a state with no income taxes and all of the out of state gamblers.
     
  4. Inky_Wretch

    Inky_Wretch Well-Known Member

    It's a shame the LVRJ won't be able to cover this scheme in a critical manner.
     
    HanSenSE likes this.
  5. justgladtobehere

    justgladtobehere Well-Known Member

    The NFL will kick in a few hundred million.

    Where does Davis come up with the money for the stadium plus a relocation fee? I thought his only asset was the team.
     
  6. LongTimeListener

    LongTimeListener Well-Known Member

    Naming rights would go a long way, as would (potentially) seat licenses. It's also a pretty easy thing to borrow for. Because of TV, profits are guaranteed wherever they play.
     
  7. Inky_Wretch

    Inky_Wretch Well-Known Member

    The next publicly-funded stadium project that turns out to deliver a positive ROI will be the first. It is a sucker's bet for municipalities to pay for sports venues.
     
  8. exmediahack

    exmediahack Well-Known Member

    I agree. Just saying that Nevada taxpayers won't feel as much of a string. It would be paid for with hotel rooms and casino revenue.

    The state of California won't shell out for a new stadium in Oakland but the people of California who don't double down on 11 and stand on too many 15 and 16 hands will pay for a stadium in Nevada by their poor play.
     
  9. LanceyHoward

    LanceyHoward Well-Known Member

    I think that Nevada will come up with funding.

    At the public hearing the stadium was being pushed as UNLV's ticket into the Big 12 or Pac 12 and the academic big-time (I guess because of the half-time commercials for the school). Do I believe this? I certainly don't think UNLV getting into the Power Five is a sure thing. And I don't think getting into Power Five does much for a schools academic reputation. Harvard's academic reputation still exceeds that of Alabama.

    But a stadium will allow Las Vegas to draw some additional visitors. The Las Vegas Bowl will be able to draw more attractive teams. And I am sure there will be package tours for sale to watch your local team pay in Las Vegas and visit a casino. And there will be the occasional mega-fight or concert at the stadium so additional tourists will come to Las Vegas.

    Would all these lead to a positive economic payoff? Hell, no. But stadiums and arenas are sold on far shakier economic arguments all the time.

    If Nevada borrows 800 million a year at 3.5% interest over 25 years payments will be about 50 million a year. Las Vegas has 150,000 hotel rooms. If the hotel tax is bumped up by 1.5%, or two bucks a night, that will fund the stadium.

    And I think Las Vegas will become our next Detroit. An economically declining city with a great stadium.
     
    Last edited: Apr 30, 2016
  10. Starman

    Starman Well-Known Member

    Although I am usually skeptical to the point of ridicule for the usual arguments of stadiums being economically viable (or necessary) for communities, Vegas is unique enough as a destination/location I might go for the argument.
    Unlike the usual metro area (take Detroit for example) a domed or closable-domed stadium in Vegas should probably have enough major events to keep that dome occupied a sufficient number of dates to make it pay. Between Raiders football, UNLV football, conventions, concerts, boxing/MMA/wrestling, they ought to stay busy a fair number of dates every year.

    A decade or so in the future, the NCAA will figure out how to deal with basketball tourney betting, and when that happens Vegas would be a prime contender to get a Final Four every decade or so. Although they'd have to outbattle Glendale and L.A. for regional representation.
     
  11. Michael_ Gee

    Michael_ Gee Well-Known Member

    The problem with a tourism-based economy for a big city or a small town is the same. You have to keep coming up with new attractions to keep a leg up on the competition. So for Vegas a big stadium making it possible to hold more mega-events makes a certain amount of sense.
     
  12. TigerVols

    TigerVols Well-Known Member

    Shit, a 4-race Supercross series sprinkled in with the Anaheim/Chavez Ravine stops will pay the February/March rent bill of a stadium in Vegas.
     
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