Stadium thread

[CalVike]

http://www.startribune.com/opinion/comm ... 44246.html

2 Mpls City Council pushing blame to legislature.

[dead_poet]

Gov Dayton calls #vikings press conf w Mpls Mayor, City Cncl Press to announce "new support" for stadium.”

RT Rybak presents Dayton w signed letters fr 7 city Cncl members to support #Viking stadium.

Samuels: We are desperate for jobs and this is a chance for people to be employed. #Vikings

Tom Pelissero on Twitter

[CalVike]

http://www.startribune.com/politics/sta ... 82415.html

My $0.02 . Same old story. Legislators and City Council ALL want the stadium plan to die but they don't want to be held personally responsible for killing it. So it lives, maybe the dysfunction will get it done. Go Vikes!

[dead_poet]

Sources: Downtown Los Angeles Stadium proposal in trouble because of AEG’s terms to NFL
http://sports.yahoo.com/nfl/news?slug=j ... aeg_032912

[CalVike]

LA Stadiums not dead

http://www.latimes.com/sports/la-sp-far ... 163.column

Legislature needs to get stadium done now. Next year the Vikings will have the relocation option fully in play. With Dodgers selling for $2B landscape has changed. What's an NFL team in LA now worth?

[glg]

Legislature needs to get stadium done now. Next year the Vikings will have the relocation option fully in play. With Dodgers selling for $2B landscape has changed. What's an NFL team in LA now worth?

A big part of why the Dodgers are worth so much is projected TV revenue, which an NFL team would not control.

[CalVike]

A big part of why the Dodgers are worth so much is projected TV revenue, which an NFL team would not control.

True, and this PFT article emphasizes your point.

http://m.nbcsports.com/s/3108/proFootba ... ium%20site

Still, there’s a long way to go and none of the three current L.A. possibilities is ideal. And with all network TV contracts extended into the next decade, the NFL has no reason to rush back into L.A., especially since the league has enjoyed unprecedented growth and success in the 17 years since the Rams and Raiders left town.

[glg]

True, and this PFT article emphasizes your point.

http://m.nbcsports.com/s/3108/proFootba ... ium%20site

LA also is a nice bogeyman for other teams (like the Vikes) to use. I think eventually a team ends up there, because even though the TV money won't make a big difference, the luxury box money and all the local marketing easily could.

[Eli]

What factors determine the valuation of an NFL team? The primary revenue stream is TV, which is divided equally (or is it?). You have, of course, ticket and luxury box sales, but surely over just ten home games in a season that can't amount to enough to justify more than a billion dollar difference between the most valuable team (Dallas) and the least valuable (Jacksonville, with Minnesota not worth much more).

[HardcoreVikesFan]

When is the last day for this legislative session?

[CalVike]

LA also is a nice bogeyman for other teams (like the Vikes) to use. I think eventually a team ends up there, because even though the TV money won't make a big difference, the luxury box money and all the local marketing easily could.

The downtown LA venue has a $700M naming rights deal with Farmers Insurance.

http://articles.latimes.com/2011/jan/31 ... l-20110201

Here's their website:
http://www.farmersfield.com

Their goal is to open a stadium in 2016.

LA Live where they want to build is a strong venue. $15 for parking for a LA Kings hockey game at Staples Center I attended last Sat night. $22 for parking for normal Sat events there. They plan to renovate LA Convention Center in their stadium plan. New Ritz Carlton and JW Marriott right there.

The prospects of Super Bowls at LA Live could drive a team there soon.

Go Vikes!

[CalVike]

When is the last day for this legislative session?

Not certain, but end of April is a target I have heard.

[glg]

The downtown LA venue has a $700M naming rights deal with Farmers Insurance.

http://articles.latimes.com/2011/jan/31 ... l-20110201

Here's their website:
http://www.farmersfield.com

Their goal is to open a stadium in 2016.

Did you see the article dead_poet posted? Anschutz wanting part of the agreement being that he gets a minority stake in whatever team moves at a huge discount, NFL saying no way in hell.

It honestly sounds like he thinks he can treat and NFL team like he does the NBA and NHL teams (Lakers, Clippers, Kings) in Staples. And that just won't fly, because the NFL can get better deals elsewhere.

[CalVike]

Did you see the article dead_poet posted? Anschutz wanting part of the agreement being that he gets a minority stake in whatever team moves at a huge discount, NFL saying no way in hell.

It honestly sounds like he thinks he can treat and NFL team like he does the NBA and NHL teams (Lakers, Clippers, Kings) in Staples. And that just won't fly, because the NFL can get better deals elsewhere.

I did see that article. With respect to the Vikings, I feel stronger than ever that the premise you and I discussed going back months, that the Vikings presence in a Top 15 TV market with high local TV ratings and historic rivalries with Bears, Packers, and Lions means they will not move, whether it is resolved in 2012 legislative session or 2013. If legislators Zellers and Senjem choose to punt and let it ride until 2013, I think the rhetoric gets increased substantially with the threat the team may relocate to Los Angeles very prominently pushed. With respect to AEG, I think they have started from their known business model, the model they use to operate Staples Center in their ownership of the Kings. They are privately financing 100% of the stadium so the parameters of their deal may indeed end up different from other teams. That said, I think they will need to negotiate much farther before the NFL agrees to work with them, or a team agrees to give them an ownership stake. With the EIR coming out soon, their viability will only increase. With respect to better deals elsewhere and talk of going to London and Europe, it seems clear that Los Angeles will need to be in play in the not to distant future to talk about the kind of growth they want (revolutionary vs. incremental).

[CalVike]

Positive steps. Getting closer. House hearing Mon night.

http://m.startribune.com/news/?id=145595145&c=y

Officials of charitable gambling, who said an earlier proposal failed to provide them with enough tax relief, on Sunday applauded the latest plan, saying it would cut their tax burden by 29 percent -- a reduction of $36 million a year.

Included now are four separate funding backups should electronic pull tabs and bingo fall below projected revenues.

The first backup would be a tax on luxury suites in the new stadium. If that also fell short, state officials would turn to a sports lottery game to fill the gap. Next, they would tap extra sales taxes already being collected by Hennepin County for the Minnesota Twins' Target Field. The final backup would be a Vikings stadium admissions tax.