Warriors to get $295m for naming rights to arena plaza, or maybe $31m, math is still hard

The healthcare group Kaiser Permanente has agreed to pay Golden State Warriors owners Joe Lacob and Peter Guber to give the plaza and park outside their new San Francisco arena the name “Thrive City.” That much we know. What we don’t know, after yesterday’s Phil Matier column in the San Francisco Chronicle, could fill volumes:

  • How much is Kaiser paying for the naming rights? Matier writes that “the total for the naming rights and other costs could hit $295 million,” but also that Kaiser indicated that “expenses ‘associated with Thrive City would be about $2.5 million a year,’” which would come to a present value of about $31 million. Clearly that’s a big difference! The larger figure is apparently from a December 2016 meeting of the Kaiser board’s finance committee, which included a single line recommended “the expenditure in an amount not-to-exceed $295.58 million for the Golden State Warriors sponsorship strategy over a twenty-year period.” The smaller figure is what Kaiser’s PR officer is claiming. The truth is either somewhere in the middle, or off to either side, because neither of these are exactly watertight financial figures.
  • What will Kaiser get for its money? The name of the park and plaza, certainly, but “sponsorship strategy” implies that Kaiser is also buying arena ad signage or the right to be the official health insurer of the Warriors or uniform ad patches or god knows what. So it’s tough to put a number on the actual naming rights.
  • Why “Thrive City” of all things? “Thrive” is a Kaiser wellness program/branding strategy that involves cutting healthcare costs by promoting healthier living and, for some reason, running marathons dressed as a lobster. One hopes that the company was smart enough to include in its deals with the Warriors the right to change the name of the plaza to something else if Thrive is abandoned or rebranded in the next 20 years, which seems extremely likely given the shelf life of corporate subbrands.

Whatever the actual amount of money changing hands in exchange for what, this does hint at how on earth the Warriors owners are planning to make back their new arena’s $1.4 billion construction cost. They’re already getting about $15 million a year in naming rights from Chase Bank, so if you add in plaza naming rights and new ad signage and corporate logos on anything not nailed down, then … even in a white-hot real estate and consumer market like San Francisco, it still seems like a lot of money to spend, but it’s Lacob and Guber’s money, so more power to them if it’s what they want. Though do remember that Warriors president Rick Welts wants you to know that the fact his team is building its own new arena is no reason for other cities not to give public money to their teams’ new arenas, a thing that should keep happening because arenas “enhance the quality of life for residents.”

Of course, one could also wonder if these naming rights deals, especially to a big empty plaza that is unlikely to get a lot of free TV mentions or whatever naming rights deals are supposed to do for companies, are really worth the expense. That’s what the National Union of Healthcare Workers is complaining, saying that Kaiser would be better off spending money on patient care (money that would flow to union members in the form of paychecks, naturally) at a time when “some patients wait weeks, even months for mental health appointments.” Good thing there’s no such thing as bad publicity, or one might be tempted to conclude that Kaiser had just bought itself $295 million of exactly that.

Friday roundup: Rangers fans don’t like nice weather after all, Orlando re-renovating renovated stadium, Dan Snyder has a $180m yacht

Today is site migration day — cue the jokes about how Field of Schemes should be hosted half the time in Montreal and half the time in Tampa Bay — so if things look a bit weird after 2 pm Eastern or so, that’s to be expected. Rest assured that the site will be back to normal soon, hopefully later today but certainly entirely by Monday; or actually better than normal, because the whole point of this exercise is to have a zippier, more reliable platform so that you can get your immediate fix of stadium news without having to refresh or even wait multiple milliseconds for images to load.

And speaking of your immediate stadium fix, here’s the rest of this week’s news:

  • The Texas Rangers are building (read: mostly having the citizens of Arlington build for them) a new stadium just so they can have air-conditioning so that fans will go to games, but the Fort Worth Star-Telegram points out that the team has been winning and the weather has been nice this spring, and fans still aren’t showing up.
  • MLS commissioner Don Garber said that he “could see [Las Vegas] being on our list for future teams,” which is literally the most noncommittal thing he could say, but he still gets headlines for it, so he’s gonna keep saying it.
  • Here’s an article about how building a whole real estate development that will turn a big profit will help the Golden State Warriors make more money, if anyone wasn’t clear on that concept already.
  • The Orlando city council approved the $60 million in renovation money for Camping World Stadium (née the Citrus Bowl) that they said they would last fall. Since the stadium doesn’t even have a regular sports tenant — it is only used for the occasional soccer friendly, college football game, or concert — it’s hard to call this a subsidy to anyone in particular, but it’s still probably a pretty dumb use of money, especially since the stadium was just renovated once already in 2014.
  • There is no actual news in this Page Six item, but if you thought I was going to pass up a chance to link to an article that begins, “Washington Redskins owner Dan Snyder roared up to Cannes Lions in his $180 million yacht as ad sources speculated he’s in town to find a title sponsor for the team’s new stadium,” you’re crazy.
  • Construction on the Las Vegas Raiders stadium was momentarily halted last week when it turned out one of the parts didn’t fit, which probably isn’t a big deal in the long run — in fact, the ill-fitting steel truss was adjusted and reinstalled a few days later — but that doesn’t mean we can’t make Ikea jokes.
  • The Arizona Diamondbacks owners have hired architecture firm HKS, who designed the Texas Rangers’ new park, to design a new stadium for them if they choose to build one, and you know what that’s going to mean: lots of renderings with Mitch Moreland and his wife in them.

Coyotes sold to billionaire, Gary Bettman celebrates with arena demand and move threat

The NHL approved a new billionaire to buy a majority stake in the Arizona Coyotes from their old not-billionaire owner, and league commissioner Gary Bettman naturally cited this as a reason why somebody should get the new billionaire guy a new arena:

“I think (Meruelo) is committed to trying to get a new arena in the right location and making it work,” Bettman said. “He is a person of substantial means, and he is very good, if you look at his career, in turning around businesses and making them successful. I think this is an extraordinarily positive step for the Coyotes and their fans in Arizona.”

Alex Meruelo has substantial means! It is entirely possible, of course, that Bettman means that Meruelo has lots of money and will “try to get a new arena” by looking deep within his own bank account and then paying for one, but also this is Gary Bettman so of course that’s not what he means.

Bettman added that while he didn’t want to threaten that the Coyotes would leave Arizona without a new arena, that’s exactly what he was saying:

“I’d rather not go there, because I’m not going to issue threats,” Bettman said. ”(Meruelo) has told us, including in his interview with the executive committee, that he very much likes Arizona. He wants to make it work there, and he’s going to try very hard for that to be the case. Obviously, the club is not viable long-term in Glendale, but hopefully we don’t get to that point.”

The Associated Press then filled out its article on Bettman’s crafted public statement by citing the Coyotes’ low attendance and all the places they could move to if they wanted. There’s a reason why I have a category titled “the sports-media complex.”

Friday roundup: New Coyotes owner could move team (or not), public cost of Panthers practice facility goes up, and fresh Austin FC vaportecture!

If you noticed this site being inaccessible a lot the last two days, hey, so did I! The good news is that a bunch of that time was spent in discussions with the good folks at Pair.com about migrating the site to a more stable hosting platform, which is currently in the works, though it may take a week or so before everything is finalized. In the meantime, if you notice occasional glitches, rest assured it’s all part of the process for bringing you a Better, Brighter Tomorrow.

Meanwhile, in the week’s stray stadium news roundup, where the tomorrows never seem to get better or brighter:

  • Billionaire real estate developer Alex Meruelo is set to purchase a majority ownership stake in the Arizona Coyotes, and The Hockey News wonders if this means the team will finally get a new arena or move to Houston, because surely the team’s previous owners never thought of those things. It’s also worth noting, as I do every time Houston gets raised as an NHL team relocation bogeyman, that while Houston is a big market, so is Phoenix, so moving the Coyotes to Texas might not immediately solve the team’s attendance woes as much as you’d think.
  • South Carolina’s $160 million public price tag for a Carolina Panthers practice facility — I know, that dollar figure and that noun phrase make me boggle every time I type it — could go up by an undetermined amount, thanks to road improvements and other stuff the state could be on the hook for. A hundred million here, a hundred million there, and you start to run into some real money.
  • New Austin F.C. stadium renderings! Bonus points for portraying players on the pitch in positions that might actually be possible in a real soccer match; demerits for trying to make the game seem exciting by having a few fans randomly raising fists, and for devoting way too much space to pictures of dining tables instead of showing what the view would look like from other parts of the stadium. (Though there is one renderings of what the game would look like from behind a dining table, which is, you will be surprised to learn, not very good.)
  • The Tampa Bay Rays can’t get people to come to games even by selling tickets for $5, which sounds bleak until you remember that bleacher seats at New York Yankees games went for $1.50 as recently as 1985, which is only $3.55 in 2019 dollars, so maybe the Rays are still charging too much?
  • Here’s an article by CBS San Francisco about the Oakland city council passing two bills in support of a new A’s stadium at Howard Terminal that is entirely sourced to a tweet by A’s president Dave Kaval. Oh, journalism.
  • And here’s an article (on some sports site I’ve never heard of) that declares it a “RUMOR” (in all caps) that MLB is exploring an expansion team in Las Vegas, cited entirely to a tweet by a Las Vegas “news and rumors” site I’ve never heard of, which really only predicts that there will be an announcement after the World Series of a “Major League Baseball plan.” You know who else has a Major League Baseball plan? Portland, Oregon. They don’t have an MLB expansion team either, and all signs are they won’t for a while, but nice to hear they’ll be getting some company in the vaporfranchise competition.

Friday roundup: Clippers broke public meetings law, Vegas seeks MLS team, Buccaneers used bookkeeping tricks to try to get oil-spill money

Any week with a new/old Superchunk album is a good one! Please listen while reading this week’s roundup of leftover stadium and arena news:

  • The Los Angeles County District Attorney’s office has determined that Los Angeles Clippers owner Steve Ballmer violated open meetings laws by hiding information about the team’s proposed new Inglewood arena’s location and scope when formally proposing it in 2017, even replacing the name “Clippers” with “Murphy’s Bowl LLC, a Delaware Limited Liability Company (Developer).” Unfortunately, the DA’s office noted, it’s too late to do anything about this because the violation wasn’t reported in time, but don’t do it again, I guess? In related news, NBA commissioner Adam Silver says he supports the team’s arena plan, even though Ballmer is being sued by New York Knicks owner James Dolan, who also owns the nearby Forum and doesn’t want the competition, and who was apparently the main reason for all that secrecy on the part of Ballmer. It’s all enough to make you feel sympathetic to Dolan, until you remember that he is an awful person.
  • Las Vegas Mayor Carolyn Goodman has announced she’s looking at building an MLS stadium in her city, because “We have not become the pariah anymore, and there is no end to this. It’s so exciting,” which would almost make sense if MLS had previously steered clear of Vegas because of gambling or something and also if MLS were currently about to put a franchise in Vegas, neither of which is the case. The stadium, if it’s ever built, would go on the site of Cashman Field, where the USL Championship Las Vegas Lights FC currently play, and would be paid for by some method that the developers “would have to present” to the city council, according to the mayor’s office. It’s so exciting!
  • The owners of the Tampa Bay Buccaneers tried to get $19.5 million in settlement money from the 2010 Deepwater Horizon disaster on the grounds that the team lost revenue that summer compared to the following summer when it was banking extra NFL checks that the league was stockpiling in advance of a player lockout. Amazingly, that’s not what got the claim rejected — it was only nixed when it turned out the Bucs hadn’t even stockpiled that revenue at the time, but rather did so retroactively on its books when it realized it could use it as a way to try to get oil spill settlement cash. It’s such a fine line between mail fraud and clever.
  • Inter Miami owners David Beckham and Jorge Mas have agreed to pay a youth golf program $3 million to clear out of the way of their proposed Melreese soccer stadium and move, you know, somewhere else, so long as it’s not on their lawn. This is not a ton of money in the grand scheme of things, but it is worth noting that Beckham and Mas are sinking a whole lot of money into this stadium and a temporary stadium until this one is ready and the old new stadium site that they say they’re not building a stadium on anymore; this can either be seen as a laudable commitment to private funding or a dubious business investment or, hell, why not both?
  • The Portland Diamond Project group has gotten a six-month extension on its deadline to decide whether to build a baseball stadium at the Terminal 2 site, and is paying only $225,000, instead of the $500,000 it was originally supposed to be charged. That seems like bad negotiating by the Port of Portland when they had the wannabe team owners over a barrel, but I guess $225,000 just for a six-month option on a site that probably won’t work anyway for a team that probably won’t exist anytime soon is nothing to turn up your nose at.
  • When the headline reads “New A’s stadium could generate up to $7.3 billion, team-funded study predicts,” do I even need to explain that it’s nonsense? If you want a general primer on why “economic impact” numbers don’t mean much of anything, though, I think I addressed that pretty well in this article.
  • The Los Angeles Rams‘ new stadium is reportedly set to get $20 million in naming rights payments for 20 years from a company that lost hundreds of millions of dollars last year, which is surely not going to result in a repeat of the Enron Field fiasco.
  • A reporter at the Boston Bruins‘ 24-year-old home arena was startled by a rat on live TV. Clearly it’s time to tear it down and build a new one.

Montreal’s new tourism minister wants to spend $250m on a new Olympic Stadium roof, just like old tourism minister

What do you get for a stadium that’s already had one retractable roof replaced by a non-retractable roof when the original retractable roof failed to retract? How about a new (possibly retractable) roof!

“It’s time we gave prestige and standing back to the Olympic Park and the Olympic Stadium,” [Québec Tourism Minister Caroline] Proulx told reporters at a news conference. “For too long it has been not loved or under-loved by Quebecers.”…

“We will be working on replacing the roof, it is mandatory to change the roof,” Proulx said. “We will change the roof. The business plan will be tabled in the next few months.”

This is not the first we’ve heard of Montreal’s Olympic Stadium getting a new roof — a year and a half ago, the previous tourism minister floated spending about $250 million on one, which at the time I called “just madness.” There are certainly times when stadiums need repairs — for Olympic Stadium, this has historically been “pretty much always” — but spending $250 million on a new roof, retractable or otherwise, is a hella expensive way to provide “standing and prestige,” especially when past roofs have only resulted in scandal and ridicule.

Even if you don’t want to tear down the stadium — which is currently getting $17 million a year in provincial subsidies, according to the Montreal Gazette, though it didn’t specify if these are just operating subsidies or include paying off the cost of past roofs and such — maybe it’s time to consider whether it wouldn’t be a better investment just to take the roof off entirely and leave the stadium open-air, as it was for the first decade of its existence. Sure, then it couldn’t be used for all of the 200 events a year it’s supposedly currently used for — actual number a whole lot less than that, unless guided tours of the stadium count as “events” — but are a handful of extra wintertime concerts or whatever, or even a shot at hosting some 2026 World Cup games (which, you know, take place in the summer when it’s quite pleasant outside in Montreal) really going to be worth $250 million in expense? I guess that’s not the sort of thing you ask when you’re the tourism minister and your job is promoting tourism at all cost and not figuring out how to pay for it, but one hopes that the rest of Québec’s legislators will give this proposal at least a bit more sideeye.

Friday roundup: Red Wings owner touts his “passion” amid sea of parking lots, cities are terrible stadium negotiators, newspapers are terrible newspapers

The cryptocurrency-based journalism startup Civil couldn’t have gone much worse, but it did spawn a couple of successes, none more welcome than Hmm Daily, the news commentary site from former Gawker and Deadspin editor Tom Scocca. Or as I will always think of him, the co-founder of Funny Paper, the now virtually unfindable-on-the-internet weekly(ish) political analysis of daily comic strips that was the greatest such enterprise until the great Josh Fruhlinger elevated it to an even higher art form. I’ve been enjoying Scocca’s excellent columns on the militarization of language and how big a giant bee is for months now, but I didn’t feel compelled to bite the bullet and kick in any money until I spotted this photo caption in an article by Scocca’s Funny Paper co-conspirator Joe MacLeod: “I have no beef with the M&M’s homunculus infesting the menu.” If you know me at all from reading this website, you know that I immediately pulled out my wallet and became a paying Hmm Daily subscriber (at the $5 a month level, though the reward at the $50,000 level is truly amazing).

Anyways, on to the sports stadium and arena newses:

  • The District Detroit development around the new Red Wings arena still consists mostly of some state-subsidized parking lots, but Red Wings exec Christopher Ilitch says that’s okay because “Our timelines may change. Our passion, the energy, the way we feel about this community has not.” And truly, who can put a price on feels?
  • The Voice of OC cites “experts” as saying that Anaheim may not be driving a hard enough bargain with Los Angeles Angels owner Arte Moreno on a price for stadium parking lot development rights, and oh hey look, it’s me. Also Holy Cross economist Victor Matheson, who says, “Cities tend to be remarkably bad negotiators when it comes to professional sports,” which, yup.
  • Politifact Wisconsin did a fact-check on claims that the state of Wisconsin will get a “tremendous” payback on its Milwaukee Bucks arena subsidies and found that that’s only if you assume the Bucks would have moved without them, and assume that Bucks fans would have all stopped spending their money in Wisconsin without them, and assume that NBA salaries will quintuple by the 2040s, and further found that Villanova sports stadium researcher Rick Eckstein calls the revenue estimates “fantasy figures,” and concluded that this makes the claim Mostly True. It is just slightly possible that having staff members of the local newspaper that has a record of overarching credulity on the arena deal do fact-checking on it might not be the best idea.
  • The people trying to get an MLB franchise in Portland are running out of momentum as MLB waits for the Tampa Bay Rays and Oakland A’s to work out their stadium situations before considering expansion, but at least they got a meeting with MLB Commissioner Rob Manfred — no wait, the news report has corrected itself, they didn’t even get that. Well, at least they have weirdly non-Euclidean renderings.
  • Speaking of MLB expansion hopefuls, Montreal’s would-be neo-Expos owner Stephen Bronfman has a deal in place on land for a new stadium … not on buying the land, mind you, but with a developer to help develop the non-stadium part of the land once they buy it. This could be a while.
  • And speaking of the Rays and of terrible newspapers, the Tampa Bay Times’ John Romano wants to know when St. Petersburg and Tampa officials will stop bickering and get to work on throwing money at Rays owner Stuart Sternberg already?
  • The New York Times is a significantly less terrible newspaper, but a profile on A’s president Dave Kaval with the headline “Can This Man Keep the A’s in Oakland?” is not only pretty sycophantic in its own right, but it assumes a lot about the team owners moving without a new stadium when they’ve already gone a couple of decades demanding a new stadium and not getting one and still not moving.
  • Henderson, Nevada, is giving $10 million to the owners of the Vegas Golden Knights to build a practice rink, which is dumb but less dumb than some other cities’ expenses on similar projects.
  • The Arizona Coyotes are getting a new majority owner and the Phoenix Suns are up for sale, according to Sportsnet’s John Shannon, who added, “as one NHL official told me yesterday, when I asked that very question, I said, ‘Does this new owner mean that there’s an arena closer to fruition?’ And the answer was, if you get a new owner, there’s a better chance of a new arena. So you can put two and two together, Steve.” Then the Suns owners and a report in The Athletic on the Coyotes completely refuted what Shannon said, so maybe you’re better off putting two and two together without his help.
  • I was about to write up this news story about a potential rezoning approval for Austin F.C.‘s new stadium, but then I saw that KXAN managed to write “Austin’s Planing Commission” and “this ammendment” in the first three paragraphs, and now I gotta go cry all day about the death of copy editing, sorry.

Friday roundup: Nashville saves (?) $75m by giving Predators $103m, South Carolina offers to give $125m to Panthers practice facility (?!), Oakland A’s shipping cranes are multiplying (?!?)

Since last week I went off-topic to discuss a review (kindly) poking fun at some of the ridiculousness of Marvel movies, I should note that there’s a TV series that manages to create a fun, exciting superhero universe while simultaneously poking fun at the entire genre in ways that expose not just its ridiculousness but also its fundamentally Manichean politics, and which has now been canceled by Amazon, a company that has been at the forefront of scheming to shake down cities for subsidies in exchange for building its own facilities. Coincidence?!?!?!? Well, okay, yes, almost certainly, but here’s hoping The Tick ends up picked up by a less ethically compromised corporate entertainment giant, if that’s even a thing.

Where was I? Oh right, stadiums, what’s up with those this week that we didn’t get to already?

  • The Nashville Predators have indeed agreed to a 30-year lease extension as first reported last week, and how good or bad a deal it is depends on your perspective: The team’s $8.4 million a year in tax kickbacks and operating subsidies will be reduced to just $4.9 million a year in tax kickbacks, which would be $75 million in taxpayer savings but on the other hand the tax kickbacks will be extended to 2049 now instead of 2028, so that’s $102.9 million in additional taxpayer costs. (Neither figure translated into present value.)
  • A South Carolina legislative conference committee has approved $115 million in tax breaks for a Carolina Panthers practice facility in Rock Hill. Yes, you read that right, a practice facility. State officials say that the 15-year tax kickbacks of all state income taxes will pay for themselves, a conclusion that state senator Dick Harpootlian determined was based on, in the words of the Associated Press, “every Panthers player and coach moving to South Carolina and spending their entire paychecks here and the team buying all the material for the new facility from companies in the state.”
  • Speaking of practice facilities, the Washington Wizards‘ new one is costing $1 million more a year for D.C. to run than anticipated, which is not good after the city already spent $50 million to build the thing for the team’s billionaire owner. D.C. officials recently booked three new concerts for the arena, but expects to lose money on each of them; an Events D.C. board member said they would let “people know that they have a place to go, that this is a fun place,” which I guess is another way of saying they’ll make it up in volume.
  • Omaha is spending $750,000 on hosting an Olympic swim meet, which on the one hand is a lot cheaper than $115 million for an NFL practice facility, and on the other is for a one-time Olympic swim meet.
  • Two unnamed sources tell The Athletic’s Sam Stejskal that New England Revolution owner Robert Kraft is “on the brink of securing a stadium site,” which tells us nothing about the state of the Revolution’s actual stadium plans since this could be a planted rumor to try to gain momentum, but does tell us lots about The Athletic’s poor grasp of the Society of Professional Journalists’ ethics policy on use of unnamed sources.
  • I wrote a thing for Gothamist about how the New York Mets banned backpacks because they have too many pockets to easily search, but not other bags with lots of pockets, pretty much on the grounds of “the light’s better over here.” The best argument either of the security experts could come up with for the policy is that fewer bags means faster lines which means less time queued up outside stadiums as a stationary target for any theoretical terrorists, which is frankly mostly an argument for staying home and watching on TV.
  • Journalist Taylor C. Noakes notes in an op-ed for CBC News that bringing back the Expos might be nice for Montreal baseball fans, but probably won’t do much for the Montreal economy since “the economic impact of a professional baseball team on a given city [is] roughly equivalent to that of a mid-sized department store,” which, yup.
  • The latest Oakland A’s renderings show it still oddly glowing amid a darkened rest of the city. Plus now there are shipping cranes on both corners of the site! I am about to start working on a theory that this entire stadium plan is just a dodge for John Fisher to build lots of shipping cranes.

Wisconsin TV station reports “immense” Bucks arena windfall after talking only to guy who cut Bucks arena deal

And now for your periodic reminder in how to read a news article. First, the headline:

‘UPFRONT’ recap: Return on Fiserv Forum will be immense for state taxpayers

Seeing as this appears on the website of the Milwaukee TV station WISN, “UPFRONT” is likely some TV news program. Fiserv Forum is the name of the new Bucks arena. And “immense” means huge, so presumably WISN reporters took an independent look at the return on state spending on the arena and found a lot of money coming back. Or, you know, not:

Fiserv Forum, the new home of the Milwaukee Bucks, will return a “tremendous” amount of money to state taxpayers who helped fund it, said Scott Neitzel, the former administration secretary for Republican Gov. Scott Walker who helped craft the arena deal.

Yes, WISN left out the part where the immense return (actually the quote was “tremendous” but apparently they were trying to cut characters) is entirely according to the guy who negotiated the deal, and who now runs a consulting firm for local businesses, another tidbit that WISN left out. In fact, the entire report was based solely on a single interview with Neitzel, who asserts that the state of Wisconsin will take in $600 million in income taxes for its expenditure of $80 million in tax money. (Plus “the pride of now having a potential championship team here,” because apparently the Bucks owners would have traveled back in time to 2013 and not drafted Giannis Antetokounmpo if they hadn’t received the arena subsidy.)

This is actually something that has already been researched, and Neitzel’s claims, it turns out, are somewhere between overblown and completely fraudulent:

  • The state’s own earlier estimates were for $299 million in new income taxes over the next 20 years, not $600 million. Neitzel gave no explanation for the doubling of his projections.
  • $169 million of that $299 million would come from projected increases in NBA salaries over coming years, something that would only work out if average player salaries rise to $33 million a year.
  • Even that remaining $130 million in state tax receipts assumes that 1) the Bucks would have left without a new arena and 2) people who would have spent money on Bucks games would then take their money and spend it elsewhere. The latter of these has been shown by studies to be categorically untrue, though the presence of an NBA team can move some spending from the suburbs to the city — which benefits Wisconsin state tax coffers, needless to say, not at all, unless you’re luring tons of fans from across the Illinois border.

All of which leaves, well, who knows? But it’s certainly a lot less than a “tremendous” or “immense” windfall, as a call to any independent sports economist, or even a quick googling, would have confirmed. WISN, though, didn’t have time for that, so it was left to viewers to figure out for themselves whether Neitzel was telling the truth or some other thing. And really, isn’t that what journalism is all about?

Friday roundup: IRS hands sports owners another tax break, A’s accused of skimping on Coliseum land price, Rays could decide this summer on … something

Happy Friday! Here is a fatberg of stadium and arena news to clog up your weekend:

  • San Jose Mercury News columnist Daniel Borenstein says the Oakland A’s owners could be getting a discount of between $15 million and $65 million on their purchase of half the Oakland Coliseum site from Alameda County, which is hard to tell without opening up the site to other bids, which Alameda County didn’t do. You could also look at comparable land sale prices and try to guess, which shows that the A’s owners’ offer is maybe closer to fair value; it’s not a tremendous subsidy either way, but still oh go ahead, just write us a check for whatever you think is fair is probably not the best way to sell off public assets, yeah.
  • St. Petersburg Mayor Rick Kriseman says he expects to hear by this summer from Tampa Bay Rays owner Stuart Sternberg whether Sternberg will seek to build a stadium in St. Pete or across the bay in Tampa. Of course, Sternberg already announced once that he was picking Tampa and then gave up when nobody in Tampa wanted to pay for his $900 million stadium, so what an announcement this summer would exactly mean, other than who Sternberg will next go to hat in hand, remains unclear.
  • Fred Lindecke, who helped get an ordinance passed in St. Louis in 2002 that requires a voter referendum before spending public sports venues, would like to remind you that the soccer stadium deal approved last December still has to clear that hurdle, not that anybody is talking about it. Since the soccer subsidies would all be tax kickbacks and discounted land, not straight-up cash, I suspect this could be headed for another lawsuit.
  • Cory Booker and James Lankford have reintroduced their bill to block the use of federal tax-exempt bonds for sports venues, but only Booker got in the headline because Lankford isn’t running for president. (Okay, also it’s from a New Jersey news site, and Booker is from New Jersey.) Meanwhile, the IRS just handed sports team owners an exemption from an obscure provision of the Trump tax law that would have forced them to pay taxes on player trades; now teams can freely trade their employees like chattel without having to worry about taxes that all other business owners have to, thank god that’s resolved.
  • Golden State Warriors star Kevin Durant, for some reason, revealed that “Seattle is having a meeting to try to bring back the Sonics,” but turns out it’s just Chris Hansen meeting with a bunch of his partners and allies from his failed Sodo arena plan, not anyone from city government at all, so everybody please calm down.
  • The rival soccer team that lost out to David Beckham’s Inter Miami for the Lockhart Stadium site in Fort Lauderdale is now suing to block Beckham’s plans for a temporary stadium and permanent practice facility there, because this is David Beckham so of course they are.
  • Publicly owned Wayne State University is helping to build a $25 million arena for the Detroit Pistons‘ minor-league affiliate, and Henderson, Nevada could pay half the cost of a $22 million Las Vegas Golden Knights practice facility, and clearly cities will just hand out money if you put “SPORTZ” on the name of your project, even if it will draw pretty much zero new tourists or spending or anything. Which, yeah, I know is the entire premise of this site, but sometimes the craziness of it all just leaps up and smacks you in the face, you know?
  • The Philadelphia Union owners have hired architects to develop a “master plan” for development around their stadium in Chester, because they promised the city development and there hasn’t been any development and maybe drawing a picture of some development will make it appear, couldn’t hurt, right?
  • Wannabe Halifax CFL owner Anthony LeBlanc insisted that “we are moving things along, yeah” on getting federal land to build a stadium on, while showing no actual evidence that things are moving along. “The only direction that council has ever given on this is ‘dear staff, please analyze the business case when it comes,’” countered Halifax regional councillor Sam Austin. “Everything else is media swirl.”
  • Never mind that bill that could have repealed the Austin F.C. stadium’s property tax break, because its sponsor has grandfathered in the stadium and any other property tax breaks that were already approved.
  • Hamilton, Ontario, could be putting its arena up for sale, if you’re in the market for an arena in Hamilton, Ontario.
  • And finally, here’s an article by the Sacramento Bee’s Tony Bizjak on how an MLS franchise would be great for Sacramento because MLS offers cheap tickets and a diverse crowd who like public transportation and MILLENNIALS!!!, plus also maybe it could help incubate the next Google, somehow! And will it cost anything or have any other negative impacts? Yes, including $33 million in public subsidies, but Tony Bizjak doesn’t worry about such trivialities. MILLENNIALS, people!!!