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NFL reportedly raising debt limit on Rams stadium after L.A. project nears $5B price tag
CBS Sports ^ | March 27, 2018 | Will Brinson

Posted on 03/27/2018 4:17:17 PM PDT by Zakeet

That's billion with a big, old capital B

The Los Angeles Rams are currently engaging in one of the more aggressive construction builds in modern sports history, erecting a palatial tribute to west coast football out in Inglewood, California.

The NFL also recently announced it would be moving its NFL Media headquarters to the facility, and rumblings persist about the combine being shipped out of Indianapolis to Los Angeles. In short, this facility is not going to be just a stadium: it's going to a complex and headquarters for a billion-dollar industry.

The price tag for that HQ is skyrocketing, according to a report from Seth Wickersham of ESPN. Wickersham reported that the NFL owners are expected to vote at the owners meetings in Florida to raise the debt limit for the stadium, thanks in large part to the price tag having risen almost to an absurd $5 billion.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: California
KEYWORDS: governmentwaste; losangeles; nfl; stadium
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Governor Moonbeam: Got to hand it to us Golden State Libtards ... it may be a Jock Palace and we may be broke ... but it's our Jock Palace ... and we're only a little bit broke ...

1 posted on 03/27/2018 4:17:17 PM PDT by Zakeet
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To: Zakeet

OMG... it costs $5 billion to kneel?

Whatta price tag!


2 posted on 03/27/2018 4:19:16 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Zakeet

Five billion... well, that’s nothing compared to the cost of the bullet-train-to-nowhere. And I thought California was broke? Is all this money being raised privately?


3 posted on 03/27/2018 4:21:47 PM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.)
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To: Zakeet

A palace to social justice. I’m all warm inside.


4 posted on 03/27/2018 4:22:29 PM PDT by Lent
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To: goldstategop
OMG... it costs $5 billion to kneel? Whatta price tag!

OTOH, it will host two teams, the Rams and the Chargers.

5 posted on 03/27/2018 4:26:59 PM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.)
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To: Zakeet

$5 Billion palace...so the a bunch of idiot players can insult us by kneeling?

ain’t gonna patronize them anymore...! no way!


6 posted on 03/27/2018 4:33:23 PM PDT by faithhopecharity ("Politicans aren't born, they're excreted." -Marcus Tillius Cicero (3 BCE))
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To: Zakeet

10 years, it will be a soccer stadium.


7 posted on 03/27/2018 4:46:02 PM PDT by existtoexcel
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To: faithhopecharity

I think the 49ers stadium was around $1.5 billion, and the Cowboys stadium about $1.2??? In round numbers.

Vikings about a billion???

This new LA stadium will cost 4 to 5 times more than other recent stadiums??? What the heck is going on?? Lotsa Union labor at time and a half?? Gold plated bathroom fixtures??? Gold plated seats in the skyboxes????


8 posted on 03/27/2018 4:46:17 PM PDT by Dilbert San Diego
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To: Rummyfan

The stadium is being built privately, but the developer is seeking significant tax breaks from Inglewood.

The original estimate was $2.6 billion.


9 posted on 03/27/2018 4:49:22 PM PDT by chrisinoc
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To: Dilbert San Diego

Contractors going after a govt job:

Guy from Iowa I can do it for $10,000
Guy from Carolina I can do it for $12,000
Guy from NY are you letting the bid? yea
well I can do it for $110,000. $110,000?
Yea, $50,000 for you $50,000 for me and $10,000 for the guy from Iowa


10 posted on 03/27/2018 4:50:36 PM PDT by Jolla
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To: Zakeet

Someone’s getting Rammed.


11 posted on 03/27/2018 4:52:22 PM PDT by windsorknot
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To: Zakeet

12 posted on 03/27/2018 4:54:46 PM PDT by Michael.SF. (California: drive illegally, you lose your license, here illegally, they give you one.)
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To: Dilbert San Diego

gotta watch to make sure its all the NLF’s money and that they don’t suck up tons of taxpayer funds into their over-priced palace in nowheresville

the city of Inglewood could probably afford to donate 69 cents


13 posted on 03/27/2018 4:57:48 PM PDT by faithhopecharity ("Politicans aren't born, they're excreted." -Marcus Tillius Cicero (3 BCE))
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To: Zakeet
A $5 billion stadium just when NFL attendance and revenues are in a nosedive! Great stuff!
14 posted on 03/27/2018 4:59:24 PM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: Zakeet

Wow so the NFL is consolidating it’s facilities because the NFL now realizes it can’t survive on 2 NFL teams alone. How

I see they have to have a 3 in 1 in deal to keep it afloat.

How pathetic it cannot survive on it’s own.


15 posted on 03/27/2018 4:59:42 PM PDT by Enlightened1
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To: Enlightened1

They’re moving the network there from Culver City. That will save them a lot of money over time.


16 posted on 03/27/2018 5:06:35 PM PDT by bankwalker (Immigration without assimilation is an invasion.)
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To: Zakeet

Problem is that when Looniefornia goes down, which is inevitable, it will come to all federal taxpayers to bail it out.

The idiot Congress will acquiesce.


17 posted on 03/27/2018 5:16:03 PM PDT by A strike (Academia is almost as racist as Madison Avenue)
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To: bankwalker

Yep they are consolidating facilities because they are losing money.

These facilities cannot stand up on their own over time.


18 posted on 03/27/2018 5:19:26 PM PDT by Enlightened1
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To: Zakeet

From a Forbes article: The one piece of good news here is that the Hollywood Park venue is being privately funded. Taxpayers are not being asked to throw down on what is now going to be the most expensive project in the history of North American sports.

Essentially, this is a real estate project that just so happens to include an NFL stadium. Hence, the ridiculously high cost to erect. We’re looking at 900,000 square feet of retail space, 800,000 square feet of office space and 2,500 new residential units. Yeah, it’s a monster of a site.

https://www.google.com/amp/s/www.forbes.com/sites/vincentfrank/2018/03/27/new-los-angeles-rams-stadium-project-now-expected-to-cost-5-billion-to-build/amp/

Won’t be taxpayer funded and includes much more than just a stadium.


19 posted on 03/27/2018 5:20:19 PM PDT by Steven Scharf
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To: Michael.SF.

Where are the facilities for the homeless in that picture? And a place for the addicts to shoot up?


20 posted on 03/27/2018 5:23:44 PM PDT by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY)
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