Friday roundup: Why Pistons fans can’t bear to watch, Broncos land grab move, Donald Trump could win Morocco the World Cup, and more!

All evidence to the contrary, spring (and the spring end-of-legislative-session season) must be getting nearer, because the stack of weekly roundup news items in my Instapaper is getting longer and longer each week. Better get down to it:

Former Denver mayor proposes pot ads to fund Broncos’ stealth $650m stadium reno demand

Former Denver mayor Wellington Webb has issued a letter suggesting ways to pay for $650 million in upgrades to the Denver Broncos‘ stadium over the next 20 years — phone photo of crumply paper version here — that includes selling ads to marijuana companies on folding seat bottoms (so they’ll be visible to fans but not on TV) and getting fans to chip in by buying shares in exchange for “good will” and … hold up, did he just say $650 million?

I understand there’s an estimated $650 million in stadium improvements wanted over 20 years

Apologies for previously missing this news, which appears to have been revealed in a statement by Broncos execs buried deep in a boring naming-rights article from last September. Sure, sports venues need maintenance, but $650 million in work over 20 years for a 17-year-old stadium is insane, and is better described as “Broncos owners want to tear down their nearly new stadium and build a new one in place over the next two decades, but want somebody else to pay for it.”

Under the Broncos’ lease, naming-rights money goes toward maintenance and upgrade costs, but the last naming-rights sponsor went bankrupt two years ago, and realistically there’s no way on earth they’re going to get anything close to $32.5 million a year for the name of a stadium that’s already had two corporate names, and which everyone will just call “Mile High” anyway. So while Webb’s idea may or may not be the best — though obviously ads reading “[Marijuana Company Here] Brings You Mile High” would be a no-brainer — the bigger concern is that the Broncos appear to have levied a demand for $650 million and gotten everyone to swallow it as perfectly cromulent, which stops here, as far as I’m concerned. Whoever actually owns the Broncos now, you crazy!

Friday roundup: Naming-rights woes, Austin update, and the World’s Largest Chest of Drawers

It’s Friday already? Seems like we were just doing this, but the pile of stories in my Instapaper queue says otherwise, so away we go:

  • The Florida state house has again passed a bill that would ban building or renovating private sports facilities on public land, which would potentially affect the Tampa Bay Rays, among others. This is kind of a dumb idea, as we discussed back in October, since there’s nothing wrong per se with putting stadiums on public land so long as the public gets a good deal for it; a far better plan would be a Seattle-style bill to require that local governments get a return on their investment in any sports lease project. But then, this bill already passed the Florida house last year and died in the senate, so probably not worth getting worked up over too much just yet.
  • Sports Authority agreed in 2011 to pay $6 million a year for 25 years for the naming rights to the Denver Broncos stadium, and now Sports Authority is bankrupt, and Metropolitan State University of Denver marketing professor Darrin Duber-Smith is saying I told you so: “My big warning was, ‘I’m not sure Sports Authority is a big enough or healthy enough company to commit that much money from their marketing budget each year.’ And I was right.” The Broncos are now looking for another company to pay $10 million a year for naming rights, and haven’t found any takers yet, hmm, I wonder why?
  • Chelsea F.C. will get to move ahead with its new-stadium plans after the town council used a compulsory purchase order — like eminent domain, surely you’ll remember it from that Kinks song — to clear an injunction that a nearby family had gotten on the grounds that the new stadium would block their sunlight. The purchase order isn’t actually seizing their home, but the land next to it, which is enough to invalidate the injunction; not that this doesn’t raise all kinds of interesting questions about the use of state power for private interests, I’m sure, but man, don’t you wish this were the only kind of stadium controversy we had to put up with in North America? League monopoly power over who gets a franchise is a bad, bad thing.
  • High Point, North Carolina is spending $35 million on a stadium to bring an indie minor-league Atlantic League baseball team to town, and City Manager Greg Demko says this will help the city’s commercial tax base recover, because “the construction of a stadium is like an anchor for the revitalization and development of a downtown.” Demko is going to be so disappointed, but at least he got mention of his city in a Bloomberg article as “home to the World’s Largest Chest of Drawers,” and you can’t buy publicity like that.
  • New Seattle mayor Jenny Durkan says that while it’s “a longshot,” it wouldn’t be impossible for Chris Hansen to build his Sodo arena while OVG renovates KeyArena at the same time. I’m going to interpret the tea leaves here as “Hey, if you want to spend your money to try to compete with another arena across town, be my guest,” but stranger things have happened, maybe?
  • The city of Austin has issued a report on eight possible sites for a stadium for a relocated Columbus Crew, and are now waiting on Crew owner Anthony Precourt to tell them which, if any, he likes. A consultant for Precourt has since ruled out a site or two, but it looks like nothing might be ready for the city council to vote on February 15 as planned; Austin MLS lobbyist Richard Suttle says the problem is “between the holidays, flu season and winter storms, it’s been slow going.” It’s not quite helping to spark women’s suffrage, but the flu still reminds us who’s boss from time to time.
  • Now that Amazon has announced its short list of cities that will get to bid on its new second headquarters, it’s time for another look at how to stop corporations from launching interstate bidding wars to be their homes, which once again leads us to David Minge’s 1999 bill for a federal excise tax on public subsidies. “Of all those offers [made to Amazon] there’s one obvious one that should have been made and it should have come from Congress,” University of Minnesota economist and former Minneapolis Federal Reserve research director Arthur Rolnick, who helped Minge concoct that bill, tells CityLab. “Now if that offer were on the table it would end it, it would end the bidding war. Then Amazon would simply base its decision on where location is best for business.” It’d work for sports leagues, too!

Broncos stadium name contract goes up for auction, no one bids even one dollar

Man, I hate when I get all excited about a news story and then it turns out to be a big ball of nothing. That appears to be the case with Friday’s news that the naming rights to the Denver Broncos stadium had gone up for sale, and nobody even bothered to bid:

The stadium in Denver is called Sports Authority Field at Mile High Stadium, named after the eponymous sporting goods retailer in 2011. However, Sports Authority filed for bankruptcy in March and put the naming rights up for sale as part of a court-supervised auction.

No bidders for the rights came forward at an auction of the retailer’s assets held this week, Matt Sugar, the director of stadium affairs at the Metropolitan Football Stadium District, which is the owner of the stadium, said on Friday. Discussions are underway about launching a new auction for the naming rights.

Wow, really, nobody? I’ve argued before that naming rights for existing stadiums aren’t worth much, in part because after a couple of name changes everybody just gives up and calls it whatever it was called in the first place — and with “Mile High” stuck there in the name, that gives fans a great option to ignore whatever new corporate moniker got slapped on ahead of it. But you’d think somebody — some publicity-desperate tech startup, Peeple, anybody — would throw a token $1 at the bankruptcy auction, no?

Except then there’s this:

The contract for the naming rights up for grabs extends until 2021, and comes with a $3.6 million payment obligation due Aug. 1.

And there’s the catch: Sports Authority isn’t really auctioning off the rights to the Broncos stadium name — it’s auctioning off its contract to put a name on the Broncos stadium. And since the stadium name is almost certainly worth less than the $6 million a year the company agreed to pay back in 2011, the rights to take on those payments probably have a negative value, which is why nobody bothered to bid.

The more likely scenario now is that no one bids for the rights, Sports Authority misses that August 1 payment, and the Denver Metropolitan Football Stadium District gets to re-sell the rights to the highest bidder, of which there will no doubt be some, even if they won’t be offering $6 million a year. The Broncos and the district split the proceeds from naming rights, so Sports Authority’s bankruptcy could end up costing both the team owners and the public some money — though not as much as the naming-rights deal cost Sports Authority, since the move may have helped push the company into bankruptcy. You think maybe everyone might have thought this through better in the first place?

Denver spending about $15m on Broncos stadium upgrades for 2013

Man, did everybody try to get in on the “least news coverage of the year” day thing or what?

When the Super Bowl committee looks at Denver as a possible host for the NFL championship game, the Broncos will have something new for the committee to consider.

About $30 million in improvements will be made to Sports Authority Field at Mile High in time for the 2013 season.

Most of the money will be allocated to updating the stadium’s video boards.

Only part of the money will be paid for by Denver, and it will come out of a previously established stadium upgrade fund, so on one level it’s public money already spent, or at least already allocated. But still, just to be on the safe side, best to announce it on pre-Christmas Friday afternoon, so nobody notices.