Category: Williamsport Crosscutters

Friday roundup: Hamilton County spends $30m on Bengals parking land, Oakland Coliseum may get second life as soccer venue

access_time personNeil deMause

Note to reporters seeking help with your research into sports economics issues: I’m more than happy to talk with journalists from all over the political spectrum, as the great stadium swindle is, as has been discussed here time and again, one that neither Republicans nor Democrats have a monopoly on. But if you’re asking for my assistance, maybe don’t include a link to a page with a report your site did saying anti-trans legislation is about “banning males from competing on female sports teams” — if you can’t keep at least one foot on the ground of factual accuracy, what you’re doing isn’t journalism.

Speaking of factual accuracy, here’s your weekly news roundup, fact-checked as well as I can do myself while my fact-checking department is, apparently, out on a long lunch or something:

  • Hamilton County may still be negotiating a lease extension with the owners of the Cincinnati Bengals, but that hasn’t stopped the county from spending $30 million to buy a parcel of land next to the Bengals stadium to use as additional parking and green space. “The Bengals have forgiven us for our [game day] payments,” explained Hamilton County Commission president Denise Driehaus. “It’s about $30 million total. That happened to be the asking price for this property. And so, in essence, the Bengals are paying for the property, and the county owns it.” That “in essence” is doing a lot of work there: From what I can tell from this report, it was back in 2018 Bengals management first agreed to hand over the disputed game day payments, which is money the team owners wanted the county to provide to cover operational costs of holding home games, in exchange for parking — though if they were “disputed” it’s not clear that this was ever team money to begin with.
  • Remember how, just last month, the owners of the Oakland Roots and Soul soccer teams said they wanted to build a temporary stadium before maybe eventually moving to a permanent stadium at Howard Terminal? Forget all that, they were just pulling our legs, now they want to remain at the Oakland Coliseum for “a longer stay.” Guess resident opossums are only an existential threat to baseball teams, not soccer teams?
  • Your occasional reminder that when the Los Angeles Dodgers owners do renovations to their stadium, they spend their own money on it. That likely has something to do with the fact that they have some of the highest attendance numbers and highest ticket prices in baseball, so they benefit the most from upgrades — though it does raise the question of whether, if less popular teams are asking to be subsidized for renovations that won’t pay for themselves, if that’s really about needing renovations or just wanting an excuse to ask for taxpayer money.
  • Chicago Bears president Kevin Warren has upgraded from “steadfast” to “adamant” that his team will break ground on a new stadium in 2025. I do not think that word means what you think it means.
  • The St. Petersburg city council has approved funding for the repair of … Al Lang Stadium! The Tampa Bay Rowdies, who play at Al Lang, are owned by Rays owner Stu Sternberg, so at least St. Pete officials can’t be said to be holding a grudge.
  • The Super Bowl’s coming to New Orleans, everyone get ready to benefit from that cushy NFL spending that will provide … $12/hour jobs to assemble the stage for the $10 million halftime show? Well then.
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St. Pete to Rays: Actually, there’s no deadline for us to fix your stadium roof, read your damn lease

access_time personNeil deMause

If you’re wondering what’s going on with repairs to the Tropicana Field roof, Tampa Bay Rays execs are waiting on the city of St. Petersburg to tell them when work will begin. Team co-president Matt Silverman wrote to city officials on December 30 declaring that a “partial 2026 season in Tropicana Field would present massive logistical and revenue challenge” and “it is therefore critical that the rebuild start in earnest as soon as possible.” City manager Rob Gerdes has now responded, and it looks like Rays management didn’t read their fine print too clearly:

We look forward to cooperating to attempt to achieve the mutual goal of making Tropicana Field suitable for Major League Baseball games by opening day of the 2026 season. However … the Use Agreement requires the City of St. Petersburg to diligently pursue repairs to Tropicana Field, but it does not establish a deadline for completing those repairs.

It’s true! According to the “force majeure” clause in the Rays’ use agreement, the city only needs to begin repairs within three months of damage that has made the building unplayable, which it has done. There’s no set date for it to finish, though — and the only consequence is that for any amount of time the Rays are homeless, their lease gets extended by an equal amount of time, which is surely no skin off the nose of St. Petersburg.

It’s kind of hilarious that Rays owner Stu Sternberg is falling victim to sloppy wording of a stadium agreement, which is usually city lawyers’ signature move. (To be fair, Sternberg didn’t hire the lawyers who wrote up this use agreement, former Rays owner Vince Naimoli did; still, you’d think he and his execs would have at least read it.) With Sternberg and the city still at loggerheads over whether the Rays owner will accept the offer of $1 billion in public money for a new stadium or demand even more, we’ll likely see more of this brinksmanship in the coming weeks and months and … years? There’s nothing stopping the city from dragging its heels for years, honestly. It’ll almost certainly be resolved before then by either negotiations or lawsuit, but it’s still fun to watch in the meantime.

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Was the Carolina Panthers’ $650m renovation deal really the worst of 2024? An investimagation

access_time personNeil deMause

The Center for Economic Accountability, a friend of this site, announced its annual “Worst Economic Development Deal of the Year” award for 2024 this week, and the winner was the city of Charlotte, for giving $650 million to Carolina Panthers owner David Tepper for renovations of his team’s stadium. CEA said in a press release that “Charlotte’s Bank of America Stadium deal stood out from the rest of the competition for a combination of factors that included its high cost, lack of transparency, poor returns, questionable economic justifications and the Panthers ownership’s checkered history with subsidized projects.”

There’s certainly a lot to be said for the Panthers deal as a terrible one: The city of Charlotte put up $650 million out of $800 million for renovations to a 28-year-old stadium it didn’t build and doesn’t own, in exchange for Tepper extending his lease for just 15 years and getting to open “good faith” negotiations for a new stadium as early as 2037. Still, it’s worth looking at some of the other contenders from 2024:

All worthy candidates, even if there can be only one winner. The lesson here isn’t that Charlotte is singularly bone-headed when it comes to handing out public money to local billionaires; it’s that siphoning off public money for private profit is a pandemic with no end in sight, and even the less-bad deals would be scandalous in a saner world.

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