Another day, another prospective MLS team looking for a “public-private partnership” to build a stadium. Today’s contender: Raleigh, where the owners of North Carolina Football Club (catchy name) want the state to raze a government office complex and give them the land for a soccer venue:
The 13-acre site, bounded by Peace, Salisbury and Lane streets, is part of the sprawling state government complex and houses several offices, including the Archdale Building and the State Capitol Police station.
NCFC wants to lease the land from the state, but it’s unclear whether government leaders are on board.
Yeah, it should be unclear, considering here’s what the site looks like now, per Google Maps:
That is a whole mess of stuff that is already built and would have to be replaced! Me, that probably wouldn’t have been my first ask, but maybe the team owners are thinking they can negotiate down to a public park or something.
Aside from this, there aren’t many details on how the funding for a stadium would work, other than that it would cost $150 million and, according to the News & Observer, “would generate $262 million a year in economic activity for North Carolina and create 1,960 jobs, according to Economic Leadership, an economic development consulting firm in Raleigh. It would generate $5.6 million in annual tax revenue for the state.”
A soccer team selling 20,000 seats a game for 19 home games at, let’s be generous and give them $30 a pop, plus $30 in concessions and parking, apply a 2x multiplier just for the hell of it, that’ll almost come to $5.6 million a year at Raleigh’s 7.25% sales tax rate. Assuming, of course, that all the North Carolina F.C. fans would otherwise be spending that money out of the state, which, um, yeah. This seems like almost as terrible an idea as that time El Paso tore down its City Hall to build a minor-league baseball stadium, so I really hope it happens, because I need new laughably tragic stories to tell during radio interviews.