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.

Syracuse officials: Stadium may be on back burner, but we still love subsidies, really!

It looks like that $500 million Syracuse University football stadium (with $300 million paid for by New York taxpayers) may be on hold for the moment, as Syracuse Mayor Stephanie Miner’s public questioning of the project’s funding has led Gov. Andrew Cuomo to put off formally proposing the plan. And this has two Syracuse city councilmembers freaking out that developers might think this means their city isn’t interested in throwing money at them anymore:

“Don’t turn your back on the city of Syracuse just because we weren’t able to launch this project,” Councilor-at-Large Kathleen Joy said today in an hour-long editorial board meeting at syracuse.com / The Post-Standard.

“Take a chance on us,” Councilor-at-Large Jean Kessner said….

Conversations about the stadium may continue, Kessner said, though Joy held out less hope. Moreover, they worry that the lack of agreement among local officials about the possible deal may send a message that Syracuse isn’t ready to take on large-scale developments that could mean new jobs and more property tax payments in the city.

Remember, people: They can smell desperation.

Cuomo to propose $300m in public money for new Syracuse college football stadium

I really do try to steer clear of college sports on this site, because I have to draw the line somewhere, but HOLY CRAP NEW YORK STATE IS TALKING ABOUT GIVING SYRACUSE UNIVERSITY $300 MILLION TOWARD A NEW STADIUM!

[Onondaga County Executive Joanie] Mahoney and other county officials this week expressed dismay that [Mayor Stephanie] Miner would not endorse the project in time for Gov. Andrew Cuomo to include it in his upcoming state budget, which he will unveil Jan. 21. Cuomo had signaled his willingness to provide some $200 million in state money for the deal, Mahoney said. The county was prepared to provide $100 million or more.

The bulk of the Syracuse Post-Standard article linked above is about a squabble over a feasibility study that Mahoney got a taxpayer-funded nonprofit to do for the university — which Syracuse then refused to share the result of with lawmakers, because they said they were afraid then the public might get to see it. That’s pretty bad in itself, but seriously, $300 million in public subsidies? For a college football stadium? For a private university? I’m not completely sure that’s a record, but I’ll be surprised if it isn’t.

Syracuse University has been talking about replacing the Carrier Dome, which has an old-fashioned inflated fixed roof, with a new 40,000-seat stadium with a totally modern and shiny and stuff retractable roof, for a few weeks now, because, duh, shiny! I haven’t seen a price tag for the entire project mentioned, so it’s impossible to say how much of a share the state and county’s $300 million would kick in, but given that the most expensive college stadium ever cost only $450 million, even adding a retractable roof couldn’t get you much past $600-700 million. So we’re likely talking about New York state taxpayers being asked to put up around half the cost of a new stadium to benefit a private university’s sports teams. Criminy.