Category: Oakland Raiders

Oakland loaned Al Davis $149m to get the Raiders back, then let him off the hook for almost all of it

access_time personNeil deMause

The San Jose Mercury News ran a long article on Sunday about $189 million in money Las Vegas Raiders owner Mark Davis owes to the city of Oakland and Alameda County for a loan taken out when his father Al moved the team back there from L.A. in 1995 — so long that it cries out for a tl;dr version. So let’s give it a shot:

  • The loan, worth $53.9 million in total at the time, went to the senior Davis to pay for “relocation costs,” but really Davis could use it for whatever he wanted. At the same time, Oakland and Alameda also loaned Davis $95 million for the construction of the wall of luxury seating later dubbed Mount Davis, plus a practice facility in nearby Alameda. All the loans were supposed to be paid off from stadium revenues.
  • Over the next 25 years, stadium revenues only paid off $27 million of the loans, in part because of the team’s spectacular failure to sell planned personal seat licenses when it turned out no one wanted to buy licenses that would expire after 10 years when there was a whole stadium of non-PSLed seats to choose from. With interest accruing, the amount owed to the city ballooned.
  • In 2005, with the PSL deal in shambles and the public bodies and the Raiders facing off over it in court, rather than tell the Davises to pay up the city and county lowered the interest rate on the team’s loans, plus also agreed to accept the loans as paid in full if the Raiders handed over their Alameda practice facility — in 2022 worth maybe $50 million, a small fraction of the total debt by this point. Stanford University economist Roger Noll told the Mercury News that this was like “getting a bank to accept the title to your dog house as payment for your home loan.”
  • While the city and county may not have had leverage to force the Davises to repay the loans — which were largely “non-recourse” loans, meaning if stadium payments fell short, the public was SOL — they could have written off the value of the loan, which is expected to hit $500 million by 2035, as a gift. That would have left the Davises having to pay $150 million to $250 million in taxes on it as income, which would have given the city and county leverage to force a better deal. But the city and county agreed not to take that step, in exchange for nothing more than the team staying in Oakland — which, in the end, only lasted another 15 years anyway.

It’s not entirely clear who negotiated away Oakland and Alameda’s rights to recoup any of the value of the loans, as everyone involved in actually rewriting the deal in 2005 declined to comment to the Mercury News. The upshot appears to be: When a team owner promises to repay a loan, that doesn’t necessarily mean they will repay it, especially if they can count on local officials to renegotiate the deal years down the road. This is a lesson we probably should have learned already, but it’s always worth a reminder.

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Raiders leave Oakland under rain of nachos, wonder who’ll come see them in Vegas

access_time personNeil deMause

The Oakland Raiders played their last game in Oakland yesterday, for real this time, and fans celebrated by booing their quarterback, throwing nachos, and running onto the field. This still is far from the worst last-home-game scene of all time — the second departure of the Washington Senators that had to be forfeited when fans ran onto the field and stole first remains unbeaten (you can listen to the radio broadcast here) — but it’s still pretty impressive, and a good sign that Oakland fans aren’t about to welcome the Las Vegas Raiders with open arms.

And what about Las Vegas fans? The New York Times sent the estimable Ken Belson to Vegas to report on how the team is doing at building a fan base, and found:

  • a couple who opened a sports bar and hope that “we’ll definitely draw more people when the Raiders come to town because they can only fit 65,000 people in the stadium and a lot of locals can’t afford tickets”
  • a police officer from southern California who bought season tickets and is happy that Las Vegas is only a three-and-a-half-hour drive when Oakland was six hours
  • a former season ticket holder in Oakland who is angry about the team leaving
  • Jim Nagourney, who said team claims that a ton of fans would arrive each week from out of town was “ginned up to create an illusion of a public benefit”
  • an analyst for the Las Vegas Stadium Authority who says fans will too come from out of town, but provides no source for his projections
  • a helicopter-tour operator who is excited to sell helicopter tours to visiting fans
  • a couple more California ex-pats currently living in Vegas who plan to attend Raiders games, one of whom took out a loan to help afford seat license fees

And it all up, and that … really tells us nothing about what Belson’s central question seems to be, which is whether the arrival of the Raiders will really draw tons of out-of-town fans who’ll fill up the city’s hotels and take helicopter rides and otherwise spend money that will come close to justifying the state’s $750 million expense on a Raiders stadium. Admittedly, it’s hard to figure this out from hanging around in Vegas, because out-of-towners by definition aren’t in Vegas (except for that guy three and a half hours away, who happened to be in town for a concert), but still it’s a disappointingly Belsonesque performance by the Times.

If I’d been assigning an article on the Raiders’ future in Las Vegas, I actually would have sent a reporter to a Los Angeles Rams or Chargers game, which as the most recent example of teams trying to build a new fan base in a new city are probably the best analogue for the Raiders’ move. All evidence there seems to be that they’re doing a better job of drawing fans of out-of-town teams — yesterday’s Chargers game was full of Minnesota Vikings fans, as has become standard at Chargers games in L.A. — than drawing actual out-of-town fans, as there are plenty of fans of other teams living in L.A. both because L.A. draws a lot of new arrivals and because L.A. didn’t have a home team to root for the last 20 years.

Vegas isn’t the size of L.A., but it does meet the other criteria, so will the Raiders just end up playing before a bunch of locals with allegiances to other teams? Roger Noll has said yes, but it would be nice to get some at least anecdotal data by checking in to see where those Vikings fans at yesterday’s Chargers game actually traveled from. Or, you can just send your staff writer to Las Vegas to talk to helicopter company owners about their optimism. They’re both journalism, except for the one that really isn’t.

 

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Friday roundup: When is a football stadium too old to be a football stadium?

access_time personNeil deMause

If it wasn’t clear from the photos of devastation in the Bahamas, the death toll from Hurricane Dorian is going to get much, much worse than the official confirmed number (30, at this writing). You can find a list of some organizations raising money to help survivors here; please give generously if you can. And remember as you do that it’s the warming oceans that helped make this so bad.

And with that, on to news that’s marginally less life and death:

  • Denver Metropolitan Football Stadium District chair Ray Baker says the Broncos‘ current stadium (which just got a new corporate name, go keep track of these things on your own if you like because I can’t be bothered to remember them) should last “between 50 and 60 years,” at which point Broncos president Joe Ellis replied that “I can’t judge where entertainment venues are going to need to be in the future” and “I can’t tell you whether or not, in 10 years, the city of Denver and our seven-county region has an appetite to host a Super Bowl or an appetite to host a Final Four, which means you need a roof. Or do you need a new stadium?” The new naming-rights deal lasts 21 years, at which point the stadium will be 40 years old; please place your bets on whether it will still be standing by then.
  • RFK Stadium in Washington, D.C., will not make it to its 60th birthday in October 2021, which is all well and good as nobody plays there now and it’s costing the city $3.5 million a year for maintenance, landscaping, pest control, security, and utilities. (Note: Yeah, that seems like a lot to me too for an empty stadium.) D.C. officials say they plan to build an indoor sports complex and food market on the site, but have no plans as yet for an NFL stadium, no matter how much Mayor Muriel Bowser might want one.
  • Cleveland Browns COO David Jenkins says team execs still haven’t decided whether to demand a new stadium or a renovated one, but “we’re not far from having those conversations.” Note to Denver: The Browns’ stadium is two years older than the Broncos’.
  • Forbes reports that the value of the Oakland Raiders jumped by $1.5 billion to $2.9 billion after announcing their move to Las Vegas, which is an indication that either there’s something wrong with Forbes’ franchise valuation estimates or there’s something wrong with how much rich people are willing to spend to buy sports teams, or both. Even with the state of Nevada kicking in $750 million, the team will still be on the hook for more than $1 billion in stadium construction costs, which is going to soak up most of the team’s new stadium revenue even if their plan to sell tickets mostly to tourists and visiting fans works out.
  • The Anaheim city council is still squabbling over who knew when that when they voted on a Los Angeles Angels lease extension back in January, they were actually giving team owner Arte Moreno the right to stay through 2029 if he wanted, not just until 2020. (The team owner got a one-year extension of his opt-out clause as well, but the lease is now back in place to its original expiration date set before Moreno opted out the first time last year.) One thing that’s for sure is that this was a major gift to Moreno as stadium renovation talks continue, because “the best friend of a sports team owner is time,” says, uh, me.
  • A bill making it easier for Oakland to create tax districts at Howard Terminal to help raise money for infrastructure for a new A’s stadium passed the California state legislature this week; it’s still unclear exactly how much tax money would be spent on infrastructure, or exactly what “infrastructure” would mean, or even if the stadium will be built at Howard Terminal at all, but that’s one more skid greased, anyway.
  • The new Long Island Railroad station outside the new New York Islanders arena is set to be open by 2022, which only about 90 years faster than these things usually go in New York. It helps to have friends in high places!

 

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Friday roundup: Cobb County still losing money on Braves, Beckham now wants two new stadiums, A’s reveal latest crazy rendering

access_time personNeil deMause

It’s yet another morning to wake up and read the news and want to immediately go back to bed, or maybe get out of bed and protest something or just hug somebody. There’s a full week of additional stadium and arena news to recap, though, and that still matters, even if maybe not quite as much as man’s inhumanity to other humans, so:

  • Cobb County is still losing money on the new Atlanta Braves stadium, but it was at least down to $5.8 million last year from $8 million the year before. That’s mostly thanks to increased property tax payments from the development around the stadium, though, and as I’ve covered before, property taxes aren’t free money, they’re revenues that are supposed to pay for all the social costs of new development, so please everybody stop pretending that’s how fiscal math works.
  • David Beckham’s Inter Miami (do I have to keep identifying them that way? you bet I do!) now wants to play its first two MLS seasons, 2020 and 2021, at a new stadium in Fort Lauderdale while waiting for its Miami stadium to be ready. I admit to being somewhat confused as to how an 18,000-seat stadium can be built in Fort Lauderdale in less than a year (even if it’s just a temporary facility that will eventually be converted to host the franchise’s youth team) when it’ll take two years at least to build one in Miami, but mostly I’m just excited for Beckham to have two different stadium ideas that can run into inevitable obstacles because he’s Beckham.
  • The Oakland A’s dropped another new rendering of their proposed Howard Terminal stadium as part of their latest site plan, and mostly it’s notable for apparently being the only building left with its own electrical power after the apocalypse wipes out the rest of humanity, which should help ticket sales. Vaportecture fans will also be pleased to see that the gratuitous shipping cranes for unloading containers to nowhere have been moved to a different corner of the site, possibly for logistical reasons but more likely because the renderers thought they framed the image better there.
  • Tottenham Hotspur stadium update: Finally looks on target to open in early April, except for the small problem that players trying to take corner kicks will tumble backwards down a slope if they stand more than one foot from the ball.
  • Milwaukee-area residents will finally get to stop paying a sales-tax surcharge to pay off the Brewers‘ Miller Park next year, after 24 years of the 0.1% tax being in place. (The public will keep on paying for repairs to the stadium, but it’s already built up a reserve fund from sales tax payments for that purpose.) That’s certainly good news for Wisconsin residents who want to see their spending dollars go 0.1% farther, though even more so it will make it harder for anyone to try to use that tax stream to fund a replacement stadium for Miller Park, which the Brewers haven’t talked about but you know it’s just a matter of time.
  • The Oakland-Alameda Coliseum Authority is set to vote today on a new short-term lease for the Raiders, who would pay $7.4 million in rent for 2019 and $10.4 millon in rent for 2020 if necessary, plus $525,000 a year in rent for the team’s practice facility for up to three years after moving to Las Vegas. Plus, Oakland still gets to continue with its antitrust suit against the Raiders for leaving in the first place. I love happy endings!
  • Calgary city councillor Evan Woolly says instead of giving tax kickbacks to a new Flames arena, he wants to give tax breaks to all businesses across the city in an attempt to keep more of them in town. I’d definitely want to see his projected economic impact numbers before deciding if that would be worth it, but it certainly makes as much economic sense as giving money solely to a pro hockey team on the same logic.
  • “Planning experts” told the city of Saskatoon that it should kick off downtown revitalization efforts by building a new arena, because that’s the “biggest piece,” and, and, sorry, I’m looking for any actual reasons these experts gave, but not finding any. Though given that one is described as a “real estate sales specialist,” maybe their reasoning is not so mysterious after all.
  • The New York Islanders management emailed season ticket holders to ask them to sign a change.org “Support New York Islanders New Home at Belmont” petition, which leads me to think that maybe they’re taking this whole local elected official opposition thing more seriously than they’re pretending when they keep saying don’t worry, they’re totally going to have the place open by 2021.
  • The Carolina Panthers are talking about moving to South Carolina, but only their offices and practice field, not their actual home stadium. Not that that’s stopping them from trying to get out of paying their stadium property tax bill.
  • The government is Sydney is rushing to demolish a 31-year-old Australian football rugby (sorry, read too quickly and can’t tell all the Australian ball sports apart really anyway) stadium nine days before a new government might come in that would have preserved the building, and while I don’t fully understand the whole history here, you can read about it here while we wait for FoS’s Aussie sports correspondent David Dyte to chime in.
  • Emails obtained by the Los Angeles Times reveal that Irving Azoff tried to talk the Los Angeles Lakers into moving out of the Staples Center and into the MSG-owned Forum, but talks didn’t go anywhere. This honestly doesn’t seem like much since it was just an emailed offer that was rebuffed, but it is interesting in that it shows how the arena management wars are playing into sports team decisions. (And also in that it reveals that Lakers owner Jeanie Buss refers to Clippers owner Steve Ballmer as “Ballz.”)
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Raiders’ deal to play in Oakland hits major “snag,” unleashing torrent of terrible football metaphors

access_time personNeil deMause

If you were on Team Go Play In The Street in the saga of where the Oakland Raiders will make their home for the 2019 season, great news! The deal for the team to return to Oakland for at least once more season has hit what the San Francisco Chronicle‘s Phil Matier is varyingly calling a “snag” or a “glitch”:

“We have one significant open issue that needs to be resolved,” Coliseum Authority executive director Scott McKibben said Wednesday.

McKibben declined to say what the snag was. However, sources say it involves the finances and taxes of the Raiders’ headquarters and training facility in Alameda. The team pays $525,000 annual rent for the training facility.

Okay, so Raiders execs are just balking at paying half a million dollars in rent on their training facility, on top of $7.5 million in rent for the Oakland Coliseum? That seems like a resolvable—

“Hopefully, we will be able to settle it,” McKibben said. “This could very likely put us in a position where there is not a deal.”

Okay, maybe not.

That’s all we know for now, but if you prefer your information presented in video form with Matier employing lots of terrible football metaphors (“what was supposed to be a simple play — a handoff to put the lease deal over the goal line — wound up as a fumble”), here you go!

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Friday roundup: Raiders’ Oakland deal still not done, A’s stadium plan gets rounder edges, Flames arena vote delayed

access_time personNeil deMause

Let’s get right to the week’s news roundup:

  • NFL Network’s Ian Rapoport reported on Monday that Oakland Raiders owner Mark Davis was on the verge of an agreement with Oakland officials to stay put in Oakland for 2019 and possibly 2020, and four days later, they still appear to have moved no closer than the verge. More news as events warrant, if they ever do.
  • We have new renderings for the proposed Oakland A’s stadium at Howard Terminal, and they look slightly less doofy than the old renderings, or at least somewhat less angular. Odds that any ballpark will look remotely like this if a Howard Terminal stadium is ever built: two infinities to one. Odds that a Howard Terminal stadium is ever built: Somewhat better, but I still wouldn’t hold your breath.
  • The Calgary city council put off a vote on a term sheet for a new Flames arena on Tuesday, after a marathon meeting that the public was barred from. They’ll be meeting in private again on Monday, and still plan not to tell anyone what the deal looks like until they’ve negotiated it with the Flames owners, which Calgary residents are not super happy about.
  • Los Angeles Clippers owner Steve Ballmer still really really wants a new arena of his own by 2024, and documents obtained by the Los Angeles Times show that he met with Inglewood Mayor James Butts as early as June 2016 to try to get Madison Square Garden to give up its lease on his preferred arena site before they found out he wanted to build an arena there. This is mostly of interest if you like gawking at warring sports billionaires, but if you do you’re in luck, because the battle seems likely to continue for a long time yet.
  • The Miami Marlins are turning the former site of their Red Grooms home run sculpture in center field into a “three-tier millennial park” with $10 standing-room tickets, because apparently millennials are broke and hate sitting down? They’ve gotta try something, I guess, and this did help get them a long Miami Herald article about their “rebranding” efforts, so sure, millennial park it is.
  • Building a football stadium for a college football team and hoping to fill it up with lots of Bruce Springsteen concerts turns out, shockingly, not to have been such a great idea. UConn’s Rentschler Field loses money most years, and hasn’t hosted a major concert since 2007, with the director of the agency that runs it griping, “The summers are generally slow, the springs are generally muddy, and the falls are UConn’s.” And nobody built lots of new development around a stadium that hosts only nine events a year, likewise shockingly. It still could have been worse, though: Hartford could have spent even more money on landing the New England Patriots.
  • Speaking of failed sports developments, the new Detroit Red Wings arena district is “shaping up to be a giant swath of blacktop,” reports Deadline Detroit, which also revealed that the city has failed to penalize the team’s owners for missing development deadlines, and has held out the possibility of more public subsidies if he ever does build anything around the arena. At least the Ilitches are finally paying for the extra police needed to work NHL games, though, so that’s something.
  • Oklahoma City is considering using up to $92 million to build a 10,000-seat USL stadium that could later be expanded for MLS, because of course they are.
  • Here is an article that cites “an economic development expert” as saying that hosting a Super Bowl could be worth $1 billion in “economic activity” to Las Vegas, saying he based this on the results of last year’s Super Bowl in Minneapolis. Actual increased tax receipts for Minneapolis during the game: $2.4 million. It took me 30 seconds to research this, but apparently the Las Vegas Review-Journal is too high and mighty to use Google. Do not reward them with your clicks.
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Friday roundup: Calgary residents demand say on Flames arena, Indy Eleven asked to only accept public funding of 80% of stadium, Raiders could re-up in Oakland this week

access_time personNeil deMause

Happy Friday! Here is your weekly fact dump of news that I didn’t get to earlier in the week, because I only got two hands, man:

  • Calgary residents who went to speak their minds at yesterday’s town hall on a new Flames arena say they want to be able to speak their minds on a new Flames arena. The city council is set to vote on an arena term sheet on Monday without public input — or even revealing to the public first what’s in the term sheet — though I suppose some councillors might read the press coverage of the town hall and learn how angry the public is. It’s worked before in Phoenix, for a few weeks at least!
  • The Indy Eleven stadium subsidy proposal has made it into a state senate bill, but “with some hefty strings attached,” reports the Indianapolis Star: the team’s owner would need to put up $30 million of his own money before getting to access $200 million in public tax money (more like $112 million in present value) for stadium costs. This does not actually sound like a big ask, but hey, Star sports columnist Gregg Doyel says it’s worth any price to keep the city’s sports teams (even if they’re not threatening to move) because, and I quote, “my job could depend on it,” so why quibble over a mere $112 million, right?
  • The city of Anaheim has hired a real estate consultant to conduct an appraisal of the value of the Los Angeles Angels‘ stadium site, as it first authorized last month, which is slightly weird in that they just did an appraisal in 2014 that found that the stadium parking lots sought by team owner Arte Moreno for $1 were worth $245 million, but whatever. It’s at least good that the city is apparently committing to ask something based on actual market value for the land, especially coupled with talk of basing any land deal on the Anaheim Ducks deal, which was a decently fair price for development rights to city land. Maybe this will not be awful, despite the new mayor talking about how eager he is to cut a deal even though Angels owner Arte Moreno has no real leverage? I’m almost afraid to hope — we’ll just have to see what happens when the assessment comes in, presumably a couple of months from now.
  • Oakland officials could vote soon to approve a new lease for the Raiders for 2019, with an additional option for 2020, which would put an end to talk of the team playing everywhere else on the planet this fall. Apparently Raiders owner Mark Davis is willing to let bygones be bygones and overlook that antitrust lawsuit the city filed that led him to insist he wouldn’t play in Oakland this season. Good successful bluff-calling, Oakland officials!
  • The New York Mets will not be moving their spring training home out of Port St. Lucie, after threatening to in order to secure a revised deal for $57 million in renovations to their stadium, $55 million of which will come from taxpayers. Bad bluff-calling, Port St. Lucie officials!
  • A rival developer is seeking the same land in Montreal that would-be Expos revivers want for a baseball stadium, to use for a “new smart development of office towers, housing, hotels and public space.” Looks like a fight is in the offing, and these guys have “smart” right there in the name, so watch out!
  • Brooklyn’s Barclays Center is hoping to save some money when the New York Islanders move out for their own arena eventually — the arena is losing about $12 million on guaranteed revenue payments to the team, and without hockey will be able to book more concerts — but more interesting to me from this article is that the building lost $21 million on operations in the 2017-18 season, plus another $33 million in debt and other expenses. Maybe the Nets owners are soaking up any profits, or the arena’s builders are earning their money on all the high-priced housing that went up next door, but still the whole project seems a bit like a waste of everyone’s time and money and eminent domain takings.
  • Also, work on the Islanders’ new planned arena by Belmont Park won’t begin this spring as planned, because the environmental impact statement required for the project won’t be ready until June at the earliest, but “state officials insist the project remains on schedule.” Hmmm.
  • And finally, your regularly scheduled Tottenham Hotspur stadium updates: It won’t be open until April at the earliest, it won’t have a VIP cheese room, and team officials are catching wild foxes and shooting them in the head with pistols. Exactly one of those things was something I expected to type this week.
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Friday roundup: Neo-Expos seek public land for stadium, Hawaii mulls new stadium to host nothing, D-Backs spend bupkis fixing supposedly crumbling stadium

access_time personNeil deMause

So very, very much news:

  • Would-be Montreal Expos reviver Stephen Bronfman has reportedly settled on federally owned land in Peel Basin near downtown as a prospective stadium site once a franchise is obtained, through expansion or relocation. Mayor Valérie Plante called the idea “interesting”; other than that, there’s been no word of what Bronfman would pay for the land or how the stadium would be paid for or really anything involving money, so sure, “interesting” is a fine evaluation of this news.
  • Charles Allen, the D.C. councilmember whose district includes RFK Stadium, calls the site “a very wrong choice for an NFL stadium,” and instead would like to see housing and parks there. Mayor Muriel Bowser disagrees, so this is going to come down to a good old council fight. Too bad Marion Barry isn’t around anymore to make things interesting.
  • Hawaii is considering spending $350 million in public money on a new football stadium to replace Aloha Stadium because, according to state senator Glenn Wakai, “It’s kind of like driving a Datsun pickup truck that is just being run into the ground. At a certain point, time to get a new pickup truck.” Given that Aloha Stadium currently hosts nothing much at all other than University of Hawaii football, it’s more like spending $350 million to replace your pickup truck that just sits in the driveway with a new pickup truck, but far be it from me to interfere with Sen. Wakai’s attempts to bash Datsun for some reason.
  • Halifax is still considering whether to spend $120-140 million on a stadium for an expansion CFL team, maybe via the magic of tax increment financing; University of Calgary economist Trevor Tombe points out that a TIF isn’t magic but just “makes the subsidy less transparent, less obvious that it indeed even is a subsidy” — but then, pulling the wool over the public’s eyes is a kind of magic, no?
  • The Oakland Raiders have a “very real” chance of playing 2019 at the Oakland Coliseum, according to … this Bleacher Report headline, but nothing in the actual story? What the hell, Bleacher Report?
  • Arizona Diamondbacks owner Ken Kendrick has claimed that the team’s stadium would need $8 million in upgrades over the winter, but has only spent $150,000. Which isn’t totally a gotcha — team execs say they’re conserving the stadium maintenance fund to spend on future repairs — but it does poke a bit of a hole in their argument that the stadium is in such bad shape that MLB could order the Diamondbacks to leave Arizona.
  • Austin residents will get to vote in November on whether the city can give public land to a pro sports team owner without a public vote, but it’ll probably be too late to affect the deal to do that for Austin F.C. owner Anthony Precourt. It’ll come in handy next time Austin is in the market for a pro sports team, I guess, though then the owner will probably just figure out a different way to ask for subsidies. “Better late than never” doesn’t work that well when it comes to democracy.
  • Calgary Mayor Naheed Nenshi said he’s “not sure that there’s much space for public consultation” on a redevelopment project to include a Flames arena, though he added that “it would be very interesting to hear from the public on what they think the right amount of public participation in this should be, and certainly there will be an opportunity for the public to have their voices heard but it might not happen until there’s something on the table.” It’s hard to tell whether that’s a justification or an apology — and keep in mind that Nenshi was deliberately shut out of the committee negotiating any deal — but there you are.
  • MLS commissioner Don Garber just got a five-year extension, and — quelle coincidence! — the league is now talking about expanding to 32 teams by 2026. Whether this is really a Ponzi-esque attempt to paper over weak financials with a constant influx of expansion fees won’t be entirely clear until the expansion finally stops and we see how the money looks then, but one thing is increasingly clear: It’s kind of crazy to throw stadium money around in hopes of landing an MLS franchise when it’s increasingly clear every reasonably large city in the U.S. is going to get one sooner or later.
  • And finally, Amazon pulled out of its $3 billion tax break deal with New York yesterday, and it sounds like it’s because its execs were tired of taking a PR beating around the company’s anti-union stance and contracting for ICE. Some New Yorkers are celebrating victory, others are retreating into the Casino Night Fallacy, and as always, The Onion has the final word.
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Report: Maybe Raiders can play 2019 in (rolls dice, looks at chart) Birmingham and Tucson?

access_time personNeil deMause

Oh, man, do I want to believe this latest rumor about where the Oakland Raiders will play in 2019:

And that’s it! Burger is a “3x Emmy-nominated Sports Anchor/Reporter at (NBC),” Parker is a Birmingham city councilmember, and “an effort” just means that somebody is proposing it, so really, there is neither smoke nor fire here, at least not yet. Playing in college stadiums in two smallish non-NFL cities separated by 1600 miles while turning up your nose at similar options either in your current home or your future one makes zero sense, but it does make sense for Mark Davis to be shaking as many trees as possible as the date to set an NFL schedule looms, so why not? Though personally my money’s on (fires up GeoGuessr) … a dirt road just outside Chistopol, Tatarstan? Don’t say it couldn’t happen!

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Friday roundup: Suns referendum campaign fails, Panthers owner floats roof, Inter Miami and Raiders both still need temporary homes

access_time personNeil deMause

The stadium news does not care if I am having a busy week, it just keeps happening! And I am, as always, here to catch it in a bucket and dump it out for you:

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