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,,,")
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)
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)
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.)
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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