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The NFL Wants Players To Help Pay For New Los Angeles Stadium
DeadSpin ^ | 09/26/2015 | Patrick Redford

Posted on 09/26/2015 12:57:41 PM PDT by Kid Shelleen

--SNIP-- Potential stadiums in Carson and Inglewood have both been approved by their respective local governments, and now comes the hard part; getting them paid for. The Carson stadium, which will most likely hold the Raiders and the Chargers, will cost $1.65 billion. This would put it up with MetLife Stadium and the Tokyo National Olympic Stadium as one of the most expensive stadia in the world. The NFL has a typically nefarious plan to do help get the cash together, which involves asking the NFLPA to help out.

(Excerpt) Read more at deadspin.com ...


TOPICS: Sports
KEYWORDS: nfl
DeadSpin is not a news site but this this is an interesting read.
The key take aways are:
The public did not vote on the stadiums.
Additional revenue will not count to increase the salary cap.
If NFLPA (players union) does not agree to help finance the stadium an additional $300 million will in funding will be needed. My guess is most of it will come from tax payers.
1 posted on 09/26/2015 12:57:41 PM PDT by Kid Shelleen
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To: Kid Shelleen

If this is a moneymaker, and a worthwhile investment, why cant they find an investor?


2 posted on 09/26/2015 1:01:13 PM PDT by DesertRhino ("I want those feeble minded asses overthrown,,,")
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To: Kid Shelleen

“My guess is most of it will come from tax payers.”

Doesn’t it always?


3 posted on 09/26/2015 1:02:37 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Kid Shelleen

Inglewood plans, to my knowledge, are not financed publicly, but would be predicated on a Rams return to LA.

Latest rumor is they are willing to split with Chargers ala Jets/Giants. No realignment required ... NFC and AFC west both represented.


4 posted on 09/26/2015 1:05:47 PM PDT by BlueNgold (May I suggest a very nice 1788 Article V with your supper...)
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To: Kid Shelleen

Is that what they want?

Well, people in Hell want ice water.


5 posted on 09/26/2015 1:06:13 PM PDT by Fido969
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To: DesertRhino
"If this is a moneymaker, and a worthwhile investment, why cant they find an investor?"

The investors will come once the decision is made for which venue. Not sure who decides that. The NFL commissioner? The city? The county? I know little of the internal mechanisms of the NFL, but would like a home team to root for again.

6 posted on 09/26/2015 1:07:17 PM PDT by A Navy Vet (An Oath is Forever)
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To: Kid Shelleen

Looks like it’s going to be the Texas Raiders playing in the Alamodome while their new stadium is built between San Antonio and Austin.


7 posted on 09/26/2015 1:07:25 PM PDT by Snickering Hound
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To: DesertRhino

Investors want to get paid back, stadium deals are all about something for nothing.


8 posted on 09/26/2015 1:08:02 PM PDT by discostu (dream big and dance a lot)
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To: DesertRhino
If this is a moneymaker, and a worthwhile investment, why cant they find an investor?

Oh, they can, the owners simply want to use the same money twice - once into the player's retirement fund, the second in requiring the fund to buy into the stadium.

As for public money - there's plenty being spent on both stadiums, mostly in infrastructure improvements and unpaid police, fire and medical coverage for the stadium. The public employee unions don't want any public financing of the stadiums as they are extremely well aware just how little there is left after their non-stop embezzlement of public funds into sweetheart retirement and employment benefits - any assumption of debt could literally send a city over the cliff into bankruptcy.

9 posted on 09/26/2015 1:10:56 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: BlueNgold

The inglewood rams of Los angeles?


10 posted on 09/26/2015 1:13:10 PM PDT by al baby (Hi Mom)
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To: al baby

The Rams owner already owns the land...


11 posted on 09/26/2015 1:15:29 PM PDT by BlueNgold (May I suggest a very nice 1788 Article V with your supper...)
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To: DesertRhino
>> if this is a moneymaker, and a worthwhile investment, why cant they find an investor? <<

They probably could but the NFL owners don't want to pay the going rate for finance costs. They can get the equivalent of a 1% loan amortized over 30 to 40 years PLUS all the benefits of owning an appreciable asset. If you were an investor would you buy a 30 year Treasury Bond at 3% or loan money to the NFL for 1%?
12 posted on 09/26/2015 1:34:31 PM PDT by Kid Shelleen (Beat your plowshares into swords. Let the weak say I am strong)
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To: Kid Shelleen
$1.65B for what... eight games a year??? maybe a superbowl now and again? let the NFL pay for them
13 posted on 09/26/2015 1:37:38 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: Kid Shelleen

The “NFL” aka Roger Goodell, is an idiot.


14 posted on 09/26/2015 2:20:43 PM PDT by Phlap (REDNECK@LIBARTS.EDU)
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To: Chode

NFL yes. No to players chipping in. Thy already have a short football life so its not like they are rolling in money.....only the Quarterback and a few others.


15 posted on 09/26/2015 2:38:14 PM PDT by napscoordinator (Walker for President 2016. The only candidate with actual real RESULTS!!!!! The rest...talkers!)
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To: napscoordinator
yup
16 posted on 09/26/2015 2:40:09 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: Phlap

His ass needs to be fired, along with the rest of his lame self.


17 posted on 09/26/2015 4:27:21 PM PDT by big'ol_freeper (Mi baol ach dom olcas mise)
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To: Kid Shelleen

Ya know I like football....my real last name is Brady and I was raised in Massachusetts ...this price is absurd. Finance what a field of grass with stands and a locker room? Offer it to Donald Trump and see what he would give ya for a price? use some leftover pre-fab concrete slabs and make it so we can house the vermin illegals prior to deportation (off season only.) The gall of this football league is off the scale. Fk these A holes if they can give Goodell 44 million a year then hunker down and pay for your own shite.....tired of these thieves....The best football players ever were working a regular job in the off season....


18 posted on 09/26/2015 4:28:46 PM PDT by mythenjoseph (Separation of powers)
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