State-funded Syracuse stadium would cost $495m, plus land and parking lots

Syracuse University has provided more details about its proposed new state-subsidized football stadium, which are:

  • Cost would be $495 million plus parking structures and land acquisition, the cost of which aren’t outlined.
  • The stadium would seat 44,000 (down from the Carrier Dome’s 49,000), with a retractable roof so it could host basketball and other indoor events while also events that need to be outdoors, like, um, professional snowball fights?
  • “Additional development of a 250-room hotel, over 160 apartments and 150,000 feet of retail space.” No word on how that would be paid for, or whether there would be penalties if it didn’t happen; the university said it would require “additional discussions.”
  • “The facility’s operating budget would pay for the extra police, fire and other public services needed.”
  • Whether the site would pay property taxes is undecided, but in any case the university wouldn’t pay any, since it would just be a tenant.

That’s clear as mud, but at least it’s something. Also noteworthy: The SU consultant who wrote the letter demanding public funds is Irwin Raij, the same guy who New York Gov. Andrew Cuomo hired two years ago to be his state stadium negotiations czar. It’s always more profitable when you can work both sides of the street.


One comment on “State-funded Syracuse stadium would cost $495m, plus land and parking lots

  1. I don’t know if it is just that I have become a bit numb to some of the pro teams antics but this seems more absurd than many of the pro teams proposals.

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