THIS is how you do it

[whell]

If you're going to partner with a city to build a new stadium, THIS is how you do it. You don't just build a homage to your team with public funds. You mix your own funds with other public and private funding and transform a whole section of the city.

http://www.crainsdetroit.com/article...-entertainment

The plan here is not just to build a stadium and "hope" that other development occurs at random. The plan is to build the stadium and transform the areas around the stadium as part of the overall construction plan. This will include a plan to build new living spaces, retail, office spaces and eateries.

THIS is cool!

[Tom Joad]

Originally Posted by whell

If you're going to partner with a city to build a new stadium, THIS is how you do it. You don't just build a homage to your team with public funds. You mix your own funds with other public and private funding and transform a whole section of the city.

http://www.crainsdetroit.com/article...-entertainment

The plan here is not just to build a stadium and "hope" that other development occurs at random. The plan is to build the stadium and transform the areas around the stadium as part of the overall construction plan. This will include a plan to build new living spaces, retail, office spaces and eateries.

THIS is cool!

Not gonna read it.

If you think it's good, it must be bad.

[JJIII]

Originally Posted by Tom Joad

Not gonna read it.

If you think it's good, it must be bad.

That seems to happen a lot around here.

[Tom Joad]

Originally Posted by JJIII

That seems to happen a lot around here.

I find it saves time.

But to tell you the truth I did read enough of it to get to the buzzwords "Public Private Partnership"

What I learned from my 31 years of working for the Florida Department of Transportation is that whenever you hear those words, what it means is that taxpayer dollars are going to be used to subsidize some developers money making scheme.

[mpholland]

Originally Posted by Tom Joad

I find it saves time.

But to tell you the truth I did read enough of it to get to the buzzwords "Public Private Partnership"

What I learned from my 31 years of working for the Florida Department of Transportation is that whenever you hear those words, what it means is that taxpayer dollars are going to be used to subsidize some developers money making scheme.

You mean like when it costs 450 million and is paid off at 262 million by the Detroit Downtown Development authority and only 188 million by the development company, which is owned by the Red Wings owners' son. Red Wings to keep ALL revenue and pay 11.5 million in rent for bond retirement? I take it we only want limited government on the federal scale?

[whell]

Originally Posted by Tom Joad

Not gonna read it.

If you think it's good, it must be bad.

Wow. You're good.

[finnbow]

I have generally negative feelings about cities or states paying anything to help stadium owners build their venues. That said, there a (precious) few such projects where city/state financing has ended up being a good thing, though considerably more where it isn't. Detroit could well be one the good cases, but time will tell.

[CarlV]

I hope they don't price out 30% of the season ticket holders, the working class fans, like the 49ers did with their new "elite" stadium. Eddie never would have done that.

Carl

[whell]

Originally Posted by CarlV

I hope they don't price out 30% of the season ticket holders, the working class fans, like the 49ers did with their new "elite" stadium. Eddie never would have done that.

Carl

I think the game is changing. More and more the "working class fans" are watching games view cable TV, and quite a few of those folks (me included) prefer that. The league and the owners make a pretty good buck off selling broadcast rights to those games, too.

Still, the Red Wings today have 20000 seats in their current home - The Joe Louis Arena - and they sell out almost every game.

[Dondilion]

Originally Posted by whell

If you're going to partner with a city to build a new stadium, THIS is how you do it. You don't just build a homage to your team with public funds. You mix your own funds with other public and private funding and transform a whole section of the city.

Or if you can find one of them oligarchs like Mikhail Prokhorov, owner of the
Brooklyn Nets.