Category: Las Vegas MLB team

Friday roundup: If not for John Fisher schadenfreude, we wouldn’t have any freude at all

access_time personNeil deMause

Hello, Canadians, and Americans who couldn’t find a way to get out of town for the holiday weekend! This Friday roundup is handcrafted especially for you!

I wish the news were better, but we have to go with what we’ve got:

  • The latest bad news from Sacramento: So few people want to go to A’s games that tickets are selling for a fraction of what they were at the start of the season, leaving season ticket holders with a massive case of buyers’ remorse: “It is really rough,” one told SF Gate. “I’ve given away a bunch of them. I’ve given them to friends. The other day, I set a record: I sold $90 seats for 12 bucks. So, it’s kind of pretty bad.” At least worries that season ticket holders will miss out on playoff games if they’re not playing in Sacramento are probably moot: The A’s can’t see a playoff spot with a telescope right now, and that’s even before they trade their best pitcher because he keeps complaining about how much their stadium sucks.
  • Speaking of the A’s, I got quoted a lot in this Guardian article on their LOLgroundbreaking in Las Vegas, check it out if you enjoy John Fisher schadenfreude. Economist J.C. Bradbury is also cited as speculating that the A’s could end up in Salt Lake City or elsewhere next season, which he rushed to clarify doesn’t mean he thinks SLC is a long-term solution either (“too small,” yup, checks out).
  • Philadelphia Eagles owner Jeffrey Lurie needs to make a decision on whether to build a new stadium to replace their 22-year-old one, says CBS Sports, because “the clock is ticking due to the lease expiring in seven years” and no no no no that is not how leases work, you can renew them, I just can’t even. Lurie hasn’t actually said anything about wanting a new stadium beyond being asked if he’d like a roof on one and saying he’s “torn,” but rest assured that the sports media is going to keep up the pressure for one regardless.
  • The Niagara Reporter took a look at Niagara Falls Mayor Robert Restaino’s plans to build a $200 million hockey arena and determined that to meet its revenue projections it would have to attract a junior league hockey team (as yet uncertain), host 60 concerts a year (typical similarly sized venues average 12 to 20), and host 60 youth tournaments a year, which the Reporter deems “impossible” — and even then still would fall short of meeting the city’s $13 million a year in debt service.
  • “Pioneer League’s Northern Colorado Owlz fold after playing start of season in Colorado Springs following being evicted from their Windsor stadium for ‘health and safety’ reasons and are replaced by new Colorado Springs team with all of the same Owlz players and staff” is quite the story, if only for all the interesting questions it raises about when a sports franchise is no longer the same sports franchise. Also Colorado Springs already had a Pioneer League team, and they’re called the Rocky Mountain Vibes? So very many questions.
  • In case you needed more reason to block the Daily Mail from your news feeds after it was banned as a source by Wikipedia for being unreliable, this article (Wayback link, they don’t deserve the traffic) headlined “NFL team finally given green light to build new $600 million stadium” when it’s a $2.4 billion stadium and the Cleveland Browns owners still want another $600 million to go with the $600 million in state money they just got should be the icing on the cake.
  • How are subsidies going in the non-sports world, you ask? Well, California just raised its tax credit for film and TV production from $330 million a year to $750 million, meaning 35% of all filming costs in the state will now be covered by taxpayers. This has worked out extraordinarily poorly for states in the past, and stories of wasteful tax expenditures continue to pile up, but elected officials keep on insisting it’s necessary to keep economic activity from leaving the state, sound familiar?
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Friday roundup: How real is the threat of a Royals or Chiefs move to Kansas, and other pressing questions

access_time personNeil deMause

Happy zeroth anniversary of that time we decided to all die of bird flu! It’s a fitting way to go out, honestly.

While we’re still here, though, there’s plenty of other stuff to keep getting wrong in the meantime:

  • A company affiliated with the Kansas City Royals has bought the mortgage to a potential stadium site in Kansas’s Johnson County, and … guys, you know that buying the mortgage isn’t anything like buying the land, it just means the property owner makes their payments to you instead of to the original mortgage issuer, right? Sure, if the property owner defaults, you get the land, but that’s a slim thread on which to hang a potential stadium plan — unless of course you’re just looking for easy ways to get “Royals” and “Kansas” into a headline to throw a scare into Missouri, in which case, nice outside-the-box thinking there.
  • Speaking of moving to Kansas, two economists have looked at that state’s STAR tax diversion deal and determined that there’s no way the state can build even one stadium, let alone two, without cannibalizing existing revenue. “A majority of Kansas lawmakers disagree,” reports the Kansas City Beacon, meaning “whether STAR bonds can support one or two teams depends on who you ask” — if you ask people who know what they’re talking about, you get one answer, if you ask people just grandstanding on behalf of the edifice complex you get another, whoda thunk it!
  • Over in Missouri, meanwhile, a group of Republican senators are refusing to consider Chiefs and Royals stadium funding unless the state approves new tax cuts, while Democrats are objecting to spending billions on stadiums when the state is only providing $25 million to tornado relief. “It’s not coming together just swimmingly as of right now,” summed up state Sen. Lincoln Hough.
  • At least one Missouri legislator is still on board: Republican Sen. Mike Cierpiot said spending on stadiums is worth it because “we’re not giving this money to billionaires. We’re giving it to the stadiums, which is owned by the county.” That’s not how stadium ownership works, unfortunately — owning stadiums just costs you property taxes, what’s important is to own the revenue streams from them, and here those would be controlled by the team owners — and isn’t how number agreement works either, this really isn’t going swimmingly.
  • Over on the other side of Missouri, meanwhile, a state audit has found that the Dome at America’s Center — that’s the former home of the St. Louis Rams, not a missile shield program — needs $155 million in maintenance over the next decade, and while that’s not all that much all things considered, the dome is losing money just hosting St. Louis Battlehawks UFL games and the occasional concert, so, you guessed it, the St. Louis Regional Convention and Sports Complex Authority is considering asking for state money. If they can find a way to increase that maintenance price to $500 million, they could qualify for funding under Gov. Mike Kehoe’s everybody-gets-a-stadium plan, I bet diamond-encrusted cupholders would go a long way toward meeting that requirement.
  • And to answer your question, yes, there was some news this week that was not in Missouri or Kansas! Florida Gov. Ron DeSantis vowed not to provide any state money for a Tampa Bay Rays stadium — except for “roads and exits,” of course, gotta have roads and exits. And stairs and ramps are really exits of a kind, right? Not that any local governments are really proposing a new stadium for the Rays at this time, so DeSantis is unlikely to get called on his promise, but it’ll be interesting to see what happens if he’s in office long enough that he does.
  • This New York Times op-ed is getting a lot of likes for its headline (“Sports Stadiums Are Monuments to the Poverty of Our Ambitions”), but fewer seem to be reading down to the part that argues that “cities build stadiums in part because it’s so hard to build almost anything else,” which is presented without evidence and isn’t really historically true, but it’s of the moment because something something Ezra Klein.
  • Does everyone who plays at the don’t-call-us-Sacramento Athletics‘ ad hoc stadium still hate it? You betcha! Sports Illustrated speculates that John Fisher could consider relocating the team again, perhaps to Salt Lake City, but notes that then he wouldn’t be able to get sweet Northern California TV money, and … remind me what size TV market his intended destination of Las Vegas is again? Hmm.
  • And finally, this week in one-sentence media criticism:

Why investigate the public financing of a billion-dollar stadium when you can post pictures of Trisha and Garth with hardhats and shovels?

— J.C. Bradbury (@jcbradbury.bsky.social) 2025-05-30T12:31:50.461Z

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Friday roundup: Cleveland sin tax hike could add $300m in sports subsidies, A’s declare moving dirt around is “essentially” breaking ground in Vegas

access_time personNeil deMause

Donald Trump’s “One Big Beautiful Bill Act” passed the House yesterday by a single vote, and while there are probably other more important bits to pay attention to — the massive money transfer from the poor to the rich, the mandatory cuts to Medicare that would be triggered, the sops to Big Oil that could increase energy costs — it’s worth noting that it would also cut sports franchise owners’ amortization loophole in half. (This is the tax dodge discovered by Bill Veeck in the 1950s that allows some team owners to double-dip on deductions by claiming tax breaks both for their annual spending on player development and for the presumed loss in team value from the fact that players wear out and have to be replaced. It’s not the biggest of sports subsidies, and there’s no guarantee it will survive the Senate version of the bill, if the Senate actually passes it at all — recall that when Trump’s first-term tax bill tried to eliminate the use of tax-exempt bonds for sports stadiums, the Senate conveniently excised that language — it’s worth keeping one eye on.

The other eye, meanwhile, has had plenty to keep it busy this week:

  • The Cleveland Browns stadium wars keep heating up, with Cleveland and Cuyahoga County officials saying they will no longer work with the Greater Cleveland Partnership, the region’s chamber of commerce, following the partnership’s endorsement of the Browns moving to a new stadium in Brook Park. Cleveland Mayor Justin Bibb, meanwhile, said that “we gotta move on” regarding the Browns remaining in their current stadium, and that he plans to focus on developing “a lakefront our residents can be proud of,” with plans to issue a request for proposals this summer. Meanwhile meanwhile, the owners of the Cavaliers and Guardians have issued letters to the partnership expressing concern that if the Browns owners seek to use cigarette and alcohol tax money for their stadium — something they haven’t done yet, but also the financing plan still has big holes in it at present — it could kill chances for Cleveland’s other teams to get increased “sin tax” money, given how much local voters hate the idea of using that money to move the Browns to Brook Park. A sin tax hike could bring in an additional $20 million a year, which could fund about $300 million in future repairs and upgrades for the three teams’ venues.
  • The Oakland Athletics of West Sacramento‘s Las Vegas stadium has “essentially broken gr0und,” claims team president Marc Badain, with cranes coming in to do “shallow foundational work” starting July 1. Badain’s statement was largely overshadowed by the issuance of an agreement for the team to submit a $3.7 million bond to cover the costs of building an eight-foot wall around the site if no stadium ends up being built there; while this probably isn’t a sign that the project is on any shakier ground than already expected — the Raiders signed a similar agreement before successfully building their stadium — it’s still not a great look.
  • There have been a bunch of town halls in D.C. around the proposed $7.5 billion–plus Washington Commanders stadium project subsidy, and while there are people on both sides, one comment from Frazer Walton, a member of the Kingman Park Civic Association, is worth particular attention: “I absolutely support using public funds. I absolutely support seeing millionaires come to the city, so they can pay some of these taxes for us.” That is absolutely not how taxes work and D.C. officials haven’t even released consulting-firm numbers about how they pretend they will, and it makes the case better than I can that D.C. is better off using that money for its education budget, clearly its schools aren’t doing the job they need to.
  • Orange County Mayor Jerry Demings says if wannabe Orlando MLB team owner Rick Workman wants county land for a stadium, “I don’t think we should donate land to billionaires or to wealthy people. They, if anything, have to compensate the people for the land.” D.C. officials, see how it’s done, is that really so hard?
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Friday roundup: D.C. poll shows public support for spending fraction of what Commanders stadium would actually cost

access_time personNeil deMause

It’s been another long week in what feels like an endless series of long weeks, complete with the most expensive stadium subsidy demand ever and whatever the hell this was and a new pope, so let’s all take a moment to relax by watching a major league baseball player get hit on the head with a pop fly. I watched it four times in a row before writing this post, there’s something remarkably soothing about it, provided you’re not Chase Meidroth or his team physician.

And now there’s no avoiding it: the remaining news of the week!

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Friday roundup: Bengals reno plan called “PR stunt,” plus the return of the Rays two-stadium plan

access_time personNeil deMause

Thanks to everyone who generously donated (and in some cases more than generously, you know who you are) to the Field of Schemes spring supporter drive — I have a whole lot of fridge magnets to send out! But first, there’s a weekly news roundup to get to:

  • That Hamilton County agreement to spend $80.5 million on Cincinnati Bengals stadium upgrades and repairs in exchange for no lease agreement at all turns out to be not so popular with the Hamilton County Commission, where commissioner Alicia “hugging the zero down” Reece called it “a PR stunt” because there’s no new lease while commission president Denise Driehaus countered (?) that “No one at that meeting ever said this was related to the final lease.” The county commission only has three members and the third, Stephanie Summerow Dumas, didn’t show up to yesterday’s meeting, so it’s hard to say what this means for the stadium proposal’s ultimate fate.
  • Hey, what if the Tampa Bay Rays built two stadiums, asks Tampa Bay Times opinion editor Graham Brink, one outdoors and one a refurbished Tropicana Field? Would that be cheaper or better? Probably not? Too bad, I already wrote the op-ed, and anyway this is just “back of the napkin” stuff. (Or envelope, which actually has two distinct sides. NAPKINS GOT BACKS!)
  • WAMU-FM reports that “a source familiar with [Washington Commanders stadium] talks” says funding “will likely involve the city borrowing against new tax revenues expected to be generated by any new development,” i.e., tax increment financing. The station cites a 2020 study claiming that D.C. has turned a profit on average on TIF districts — on first look it appears that the study’s authors guesstimated that development would still happen in the districts without the TIF but would take longer, which is probably a reasonable assumption but could create huge swings in the revenue numbers depending on what you mean by “longer.” I have emails out to a couple of TIF experts, I’ll update here if they have anything instructive to add.*
  • Former Cleveland Plain Dealer editorial director Brent Larkin says the Cleveland Browns stadium plans should be submitted to a public referendum, arguing that Ohio voters usually approve sports subsidy referendums anyway, so where’s the harm? Oh, and also it would be “a wildly generous gift to billionaire professional sports team owners at the same time those same elected officials are cutting aid to schools, food banks, libraries and programs for poor kids.” But anyway, it’ll probably win, so let the voters feel like they’re having a say, that’s democracy!
  • St. Petersburg Mayor Ken Welch has issued a proposal for redeveloping the waterfront that would include demolishing Al Lang Stadium, the old spring training ballpark that is currently home to the Tampa Bay Rowdies USL team. City councilmembers don’t sound too enthused about this, but also Welch’s managing director of city development said the Rowdies owners are “involved and they’re aware” of the plan, so maybe there’s a new soccer stadium proposal in the works? Worth keeping an eye on, if nothing else.
  • A group of downtown Kansas City businesses put up a giant sign with a giant QR code asking that a Royals stadium be built downtown. Chair of the Downtown Council of Kansas City: Gibb Kerr, managing director of the K.C. office of Cushman and Wakefield, a major developer, who surely would not be in position to profit from a downtown stadium, the Kansas City Star would certainly tell us if it were.
  • Work has begun at the proposed Las Vegas A’s stadium site on making it even flatter, this is what passes for progress these days.
  • Los Angeles Dodgers ticket prices are going up, and so is their payroll, and Forbes “contributor” Dan Schlossberg (author of “41 books and more than 25,000 articles about baseball”) concludes that the payroll must be driving up the ticket prices — sorry, Dan, that’s not how it works, there’s a book you might want to read if you have time between writing them.
  • Economist Joe Cortright has done his own analysis of the Portland baseball stadium income tax diversion proposal that I estimated could leave Oregon taxpayers hundreds of millions of dollars in the hole and determined that the total hole would be more than $600 million.
  • I was on WOSU’s “All Sides with Amy Juravich” on Wednesday to discuss the Browns and Bengals situations, and you can listen to it here. For those who are wondering: Yes, Andy Zimbalist and I did run into each other on the Zoom call as my segment ended and his began, and no, there were no punches thrown.
  • You can buy a piece of the shredded Tropicana Field roof at Tampa Bay Rays games for $15, with the money going to a Rays charity, and doesn’t the city own the roof remnants, shouldn’t the money be going to the general fund? Anyway, if anyone in the Tampa area has been looking for a National Hairball Awareness Day present for me, hint, hint!

*UPDATE: Eight minutes after I hit publish on this post, sports economist and tax expert Geoffrey Propheter replied to my question about the D.C. TIF study. Propheter said it “falls short of academic standards for economic policy analysis” because it doesn’t try to analyze how tax revenue from TIF developments compares to comparable plots of land, but rather just compares actual developments to hypothetical ones that would (according to the study’s assumptions) see different kinds of development take place. He concludes: “I don’t understand how anyone would use this study to justify a TIF for a Commanders stadium.”

And while I was writing the above, Greg LeRoy of Good Jobs First (disclosure: I’m doing some paid work for them, not on the subject of stadiums or TIFs) chimed in to note that D.C. TIF districts like the one for Gallery Place have had to be expanded to siphon off sales taxes from other nearby neighborhoods in order to break even.

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County okays Vegas A’s stadium tax kickbacks that state already approved in 2023, progress!

access_time personNeil deMause

The Clark County Commission approved a special tax district yesterday to help fund a new Athletics stadium in Las Vegas. This means that … well, what exactly does this mean? Let’s recap the story so far:

  • In June of 2023, the Nevada state legislature approved $600 million worth of public subsidies toward a stadium on the Las Vegas strip. (It would not actually be in the city of Las Vegas proper, because that’s how Las Vegas rolls.) Part of the bill included the county kicking back all sales, income, ticket, liquor, and property taxes from the stadium site to pay off $120 million in stadium bonds plus $25 million for infrastructure and public services.
  • For the last 22 months, the county commission just kind of hung out without approving the actual creation of the tax district, but now it has done so.
  • The tax-kickback district — really a tax-kickover, since these taxes never belonged to the team in the first place — would be “a special section around the stadium covering about nine acres,” according to KSNV-TV, though given that the stadium itself is only nine acres, we’re basically just talking about the stadium itself here. If the taxes generated in the stadium aren’t enough to cover the county’s cost, the $145 million will be taken out of the general fund.

In terms of actually providing more money for the A’s Vegas vaporarmadillo, then, this does absolutely nothing: The action by the county just confirms part of the $600 million in subsidies that were already approved by the state. Commissioners didn’t throw up an additional roadblock by denying or delaying the TIF district, sure, but nobody ever expected them to.

So we’re back where we were last week, and last month, and last year: A’s owner John Fisher has a stadium plan that would cost at least $1.75 billion (tariff surcharges not included), and has in hand a commitment for $600 million in public money, and his family has a couple of billion dollars that he could maybe tap part of if he can convince them it’s a good idea to spend it on a tiny dome in a tiny media market, and he’s trying to sell shares in the team at inflated prices to raise more cash. Whether the vibes here feel more like “full speed ahead” or “Fyre Festival 2.0” will be left as an exercise for the reader.

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Friday roundup: Rays, Coyotes, A’s fiascos keep on fiascoing

access_time personNeil deMause

All kinds of news of the week to cover this morning, and I already lost a couple of hours getting up early to yell at my senator’s window about this fiasco. Let’s start with the Tampa Bay Rays‘ own fiasco, and then work backwards:

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A’s sell fans right to get on line for tickets at Vegas vaporstadium

access_time personNeil deMause

“A’s Tell Las Vegas Baseball Fans They Can Spend $19.01 To Secure Priority Access To Buy Season Tickets At Planned Stadium On Strip” is a perfectly cromulent headline; so is “A’s Open Ticket Deposits for Las Vegas Stadium That Doesn’t Exist Yet.” Choices! It’s all about choices.

For A’s fans, or Las Vegas baseball fans, or just fans of baseball who want to visit Las Vegas a whole lot, the choice is whether to spend $19.01 (because the A’s were created in 1901?) to get on a “priority list” for tickets at the team’s new Las Vegas stadium, if there are ever tickets, if there ever is a stadium. Front Office Sports describes this as a “deposit,” but there’s no indication on the team website that you can apply the $19.01 toward the price of tickets if you buy them or get it back if you don’t, so this appears to actually be one of those “fan club membership” type deals that let you get in on the presale before the general public.

And, you know, John Fisher needs all the money he can get, so another, say, 30,000 payments of $19.01 each would raise … okay, $570,300 isn’t all that much, but every dollar counts! Plus there’s nothing stopping Fisher from accepting more season ticket “priority list” members than seats exist, maybe this is the new market inefficiency! Gotta be lots of people who want to see Aaron Judge or whoever hit home runs!

In other pretending-the-A’s-are-moving-t0-Vegas news, the team has announced its games will be broadcast on a Las Vegas radio station this year, in addition to in Sacramento and the Bay Area, and also recently filed a permit to clear and grade the proposed stadium site. Whether all this is in actual preparation for a Nevada move or just an elaborate shadow play intended to entice some “investors” to come out of the woodwork and give Fisher a pile of money for no good reason remains unknowable, maybe even to Fisher himself — groundbreaking or it didn’t happen at this point, so might want to save yourself $19.01 for now.

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Friday roundup: Browns move forward on moving forward on making plans for getting money for Brook Park dome

access_time personNeil deMause

Welcome to 2025! (Looks around.) Hey!

  • The Cleveland Browns owners took a major step forward toward moving to a new stadium in Brook Park by issuing a statement that they have “officially execut[ed] a clause” that will allow them to “tak[e] steps forward” to buy the land for the site. As if that’s not an indication of a promise of an intention enough, Jimmy and Dee Haslam are also planning to work with “our public partners on the project” to cover the remaining funding gap of $1.2 billion, a mere detail!
  • The Baltimore Banner has ideas for how the Orioles should spend the $600 million (plus!) in renovation money the team was gifted by the state of Maryland, and one of them is “Make Eutaw Street a year-round destination,” but it turns out Eutaw Street — the public street that is now effectively owned by the Orioles — is already open year-round, just nobody goes there. Also, maybe the Banner could have suggested its list of proposals when the state actually could have made it a condition of the taxpayer funding? Ah well, next time.
  • Boston Globe columnist Joan Vennochi points out that spending $91 million in public money on upgrading a public soccer field for BOS Nation F.C., while claiming it’s really to benefit city schoolkids who will get to play there when the team is on the road, is maybe a little disingenuous when nearby Lowell recently renovated its high school soccer field for just $8 million.
  • Been wishing you could read an article portraying city staffers who worked nights and weekends to get the Jacksonville Jaguars $775 million renovation subsidy done as “the real heroes” while calling it “a local government version of a two-minute drill in football” and “a hurry-up offense” and important because if hadn’t gotten done in the summer, the team’s terrible record this fall might have reduced support for the plan? The Jacksonville Daily Record has got you covered!
  • If you would like to serve on Las Vegas’ new Baseball Stadium Community Oversight Committee to oversee the Athletics stadium’s community benefits agreement, assuming the Athletics stadium is ever built and there ends up being a community benefits agreement, applications are open!
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Friday roundup: Rays stadium back from dead, A’s Vegas stadium shambles forward

access_time personNeil deMause

In case you missed the live recap of yesterday’s St. Petersburg city council meeting, the council approved selling $287.5 million in bonds for a new stadium for the Tampa Bay Rays, reversing their vote of two weeks ago to hold off on the move. What happened is pretty straightforward: The two councilmembers who’d flipped to “no” votes two weeks ago flipped back to “yes” — while their stated excuse was that they were content that team execs were no longer calling the deal entirely dead, presumably it was more the recognition that this was likely now or never, as starting in January there would be two new anti-stadium-funding members of the council, and they didn’t want to be accused of dawdling too long like the Pinellas County Commission.

So what happens now? The county commission still has its slim 4-3 majority against selling its $312.5 million in stadium bonds unless Rays owner Stu Sternberg renegotiates the deal; at the same time, Sternberg and his top aides are insisting that they need the pot sweetened to cover the costs of the bond sale having been delayed, even though the original deal said it didn’t need to happen until next April. Historically, this usually leads to some serious haggling between team officials and whichever commission member they think they can flip — the only question is which one would be willing to flip for the cheapest price, and whether “okay, we won’t ask the county to pay for the cost overruns that we’re suddenly claiming exist” would count as a concession. (Okay, there’s also the question of when and if the St. Pete council will sign off on repairing the Tropicana Field roof so the Rays would have somewhere to play in 2026 and 2027, as they didn’t vote on that yesterday, but even if that’s delayed a bit, the team could presumably extend its stay at Tampa’s Steinbrenner Field into early 2026 without too much trouble.)

Or the county commission could decide to hold the line at its December 17 meeting and delay the bond sale again, or even reject it altogether, at which point, understates Mayor Ken Welch, “that sets us on a different path.” We’ll find out a week from Tuesday, but right now, the odds of Sternberg getting his $1 billion public subsidy deal or something close to it look a lot higher than they did a couple of days ago.

But enough about the Rays, already — other stuff happened this week, let’s get to it:

  • The Las Vegas Stadium Authority Board gave its final signoff to an Athletics stadium in Las Vegas after team owner John Fisher submitted a letter vowing that “members of my family and I are committing to contribute up to $1,100,000,000” to the project. The Associated Press called this clearing “the last major hurdle” for a Vegas stadium, which isn’t really true: The Clark County Commission still needs to hold its own vote, something A’s exec Sandy Dean said the team was in early stages of talks for; and, of course, Fisher still needs to actually figure out where to get that $1.1 billion — he claims he’s still looking for new private investors, but those seem unlikely to materialize at this late date, so he may need to decide on whether it’s worth committing a large chunk of his family’s wealth to building a very expensive stadium in what would be easily MLB’s smallest market. If he does, and if the county signs off, construction could start as early as next spring with a stadium opening in 2028, but those are still fairly major hurdles.
  • The Cleveland Browns hired a real estate consulting firm, as one does, to determine the economic impact of building a new stadium in Brook Park, and announced that the county would see an added five squillion dollars in annual economic impact (give or take a squillion). Cuyahoga County Executive Chris Ronayne responded with a statement that “economic impact studies commissioned by organizations with a vested interest often present overly optimistic projections that do not reflect the financial realities faced by local governments and taxpayers” and that “we’re going to have to throw a flag on the play.” (And we were so close to getting out of this without any football metaphors!) Still, this allows the media to portray this as “Browns study says five squillion dollars, city claims only three squillion, truth must lie somewhere in the middle,” which is why real estate consulting firms get paid the big bucks.
  • A city council vote on the proposed Philadelphia 76ers arena is expected by December 19, and Chinatown groups made a last-ditch effort to demand that the team owners increase their community benefits agreement from $50 million to $300 million. (Sports economist Geoff Propheter says this would be close to what Sixers owner Josh Harris would be saving in property tax breaks, at least.) Developers said at a hearing Tuesday that $300 million would be too much, but were open to a smaller increase; with the council seemingly set on approving the deal, we look to have entered the haggling over the price phase.
  • NYC F.C. held a groundbreaking for their new Queens stadium, now to be called Etihad Park after a brief but memorable spell being depicted as Naming Rights Sponsor Stadium. The city’s Independent Budget Office recently issued its long-awaited report on the cost of city tax breaks for the stadium, and determined that team owners Sheikh Mansour bin Zayed Al Nahyan and the New York Yankees will save $538 million via the site being exempted from property taxes, though it also notes that it could have saved all but $74 million of that money through other city tax breaks anyway. So, yay?
  • Washington Commanders owner Josh Harris (yes, same Josh Harris) and NFL commissioner Roger Goodell went to D.C. this week to lobby Congress to hand over the RFK Stadium site to the district for a potential NFL stadium, and Maryland’s two senators responded that they would demand that one of D.C.’s two Air National Guard squadrons be transferred to Maryland in exchange. This is officially peak haggling over the price, I think we’re done here, have a good weekend and see you on Monday!
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