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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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To: Steven Scharf

Isn’t Inglewood kind of a high crime area?


21 posted on 03/27/2018 5:29:06 PM PDT by Inyo-Mono
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To: Dilbert San Diego

Cali costs that much more than elsewhere.

yet another reason to let the NFL die and quickly.


22 posted on 03/27/2018 5:29:12 PM PDT by txnativegop (The political left, Mankinds intellectual hemlock)
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To: Inyo-Mono

From the looks of it the stadium complex is replacing Inglewood.


23 posted on 03/27/2018 5:37:17 PM PDT by Rebelbase ( Hillary, DNC, DOJ and FBI colluded with a British National to influence the 2016 Pres. election)
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To: Steven Scharf

That could easily be a billion for the retail space, a billion for office space, 1.5 billion EASILY for below-average LA-area housing... leaving 1.5 billion for two NFL teams and the NFL HQ.


24 posted on 03/27/2018 5:37:43 PM PDT by dangus (.)
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To: Michael.SF.

The Mothership?


25 posted on 03/27/2018 5:37:53 PM PDT by Rebelbase ( Hillary, DNC, DOJ and FBI colluded with a British National to influence the 2016 Pres. election)
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To: Zakeet
What is being overlooked in all of this also is LA is not really a strong sports town with loyal dedicated fans.

There is no comparison of LA fans (for the record I am from LA and lived there until I was 39). LA fans do not have the long term loyalty like the fans in: Chicago, Green Bay, Pittsburgh, New England and others. Instead the LA teams will sell out when they win, then be at 65% capacity during the lean years.

Why have so many teams fled LA (or Southern Cal)? Rams (twice), Oakland, Chargers (they started in LA) and Angels (from LA to Anaheim).

Had this been done 25 years ago things would be different and the main people to blame is the horrible LA Coliseum Commission.

26 posted on 03/27/2018 5:46:11 PM PDT by Michael.SF. (California: drive illegally, you lose your license, here illegally, they give you one.)
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To: Rebelbase
LOL. But they have the thrusters in reverse!!

Hope you are well, old friend, it has been awhile since we crossed paths!

27 posted on 03/27/2018 5:48:20 PM PDT by Michael.SF. (California: drive illegally, you lose your license, here illegally, they give you one.)
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To: Michael.SF.

I thought about you last year when my son had to go to S.F. for a convention. He texted me daily poop counts on his walkabouts through town and said he was never going back.


28 posted on 03/27/2018 5:59:10 PM PDT by Rebelbase ( Hillary, DNC, DOJ and FBI colluded with a British National to influence the 2016 Pres. election)
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To: Inyo-Mono

I don’t know about living in a complex with a football stadium, malls and other businesses. It seems too busy for me.


29 posted on 03/27/2018 6:07:55 PM PDT by Peeps47 (Democrats are as corrupt as they are incompetent)
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To: Rebelbase
When we moved to the bay area in '92 it was not a bad place to visit (we lived 20 mIles NE). We stopped going into the city around 2008, except for rare occasions (niner games and occasional shows). We moved away in '14 and by then it was a pit.(we are in Scottsdale, AZ now)

Too bad actually, because the Bay area is actually a spectacular locale for a city.

30 posted on 03/27/2018 6:15:00 PM PDT by Michael.SF. (California: drive illegally, you lose your license, here illegally, they give you one.)
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To: Zakeet

How many $25 stadium beers will it take to pay for this Titantic?


31 posted on 03/27/2018 6:21:36 PM PDT by caver
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To: Zakeet

A stadium that will be half empty on game day


32 posted on 03/27/2018 6:32:58 PM PDT by Figment
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To: Michael.SF.

The teams will have moved before the stadium is finished.


33 posted on 03/27/2018 8:08:47 PM PDT by bray (Pray for President Trump)
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To: Zakeet

Maybe in the off-season they can use it for a sunny, homeless camp.


34 posted on 03/27/2018 8:49:53 PM PDT by D_Idaho ("For we wrestle not against flesh and blood...")
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To: Zakeet

$5B for a stadium in a town now populated with Hispanics on the dole who can’t afford the tickets, but not a dime for border security?

California logic


35 posted on 03/27/2018 11:00:18 PM PDT by blueplum ( "...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017)
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To: Steven Scharf; All

Think this is bad?
Check what is happening in Cincinnati, where a guy wants to build a $250 Million dollar pro soccer stadium with HIS OWN MONEY.

The Democrat city councils is demanding he spend more than $100 MILLION dollars funding the Social Justice agenda like building thousands of low cast housing and deeding it to the Soros Community Organizers.

It is INSANE.


36 posted on 03/27/2018 11:15:22 PM PDT by tcrlaf (They told me it could never happen in America. And then it did....)
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To: Steven Scharf; All

Think this is bad?
Check what is happening in Cincinnati, where a guy wants to build a $250 Million dollar pro soccer stadium with HIS OWN MONEY.

The Democrat city council is demanding he spend more than $100 MILLION dollars funding the Social Justice agenda like building thousands of low cast housing and deeding it to the Soros Community Organizers.

It is INSANE.


37 posted on 03/27/2018 11:15:39 PM PDT by tcrlaf (They told me it could never happen in America. And then it did....)
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To: Zakeet

Gotta have a stadium if you’re gonna give ‘em “BREAD & CIRCUSES.”


38 posted on 03/27/2018 11:54:26 PM PDT by VideoDoctor
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To: caver

Two hundred million beers!


39 posted on 03/28/2018 4:44:14 AM PDT by Wayne07
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To: A strike

Maybe.

Would not a bailout plea have to get past President Trump first?

Given his temper and the way that California has been flipping him the bird, he just may decide to return the favor.


40 posted on 03/28/2018 8:58:28 PM PDT by Ban Draoi Marbh Draoi ( Gen. 12:3: a warning to all anti-semites.)
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