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Thread: Vikings stadium: $920 million-$1.2 billion

  1. #11
    Senior Member blinddeafmute's Avatar
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    If there's any state that needs to spend more of their taxpayers money, its Cali.

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  • #12
    Senior Member purplejokr's Avatar
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    Quote Originally Posted by Riczaj01 View Post
    Didn't know OKL was in the market; knew about LA; but imo LA is a far riskier venture b/c of all the NFL Fail that has happened there in the past. I understand what you mean DB; but in the current downtrend where cities/states are massive in the red you cannot expect the city put in 100%. How much is the rebranding/moving going to cost? Not saying he isn't going to take a hit in the pocket but that also has to be taken into consideration...now is the worst time for them to be moving to LA; they are in full rebuild mode and is not going to be a definate winner; and as you see w/the clippers, if you don't win LA doesn't care.
    FWIW, the Clippers earn Donald Sterling a nice chunk of change year after year. I imagine that is because year after year Clipper fans continue to support his piss poor product. If he wasn't earning a nice return on the Clippers, he would've moved them by now. Sterling has had PLENTY of opportunity to do so. He stays in Los Angeles, alongside the Lakers. He's happy to be LA's stepchild and cash his checks.

    You are half right though, LA isn't a fan of losers. We insist that teams make the effort to put a good product on the court/field. It is who we are. We have better things to do then to waste money on an organization that doesn't care about putting a quality product out there.

    In either case, even when the Dodgers were struggling over the past several years before Manny Ramirez was brought in they drew fans consistently to Dodger Stadium and on TV. Heck, LA fans funded the McCourt's stupid spending and were even going to be counted upon to help McCourt launch his own TV network to broadcast Dodger games much like the Yankees' YES network.

    As you can see, LA supports more than enough professional sports franchises to entice the NFL back here. Regardless of how you feel about it, the NFL will return and sadly, you will be one of those haters that will hope for a failure so you can be right. Yay for you.

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    Senior Member purplejokr's Avatar
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    Quote Originally Posted by soulman View Post
    Then just like I said he should move the team to LA and let Calfornia taxpayers pony up.
    Quote Originally Posted by blinddeafmute View Post
    If there's any state that needs to spend more of their taxpayers money, its Cali.
    Evidently, neither of you have heard. We don't do that here. If a billionaire NFL owner wants a stadium he can build it himself. We don't subsidize billionaires. We don't need to.

    There are TWO private plans that would require no cash from public coffers currently on the table. One is nearby Staples Center in downtown that would be built by AEG. The other is in the City of Industry that would be built by Ed Roski. Again, both are privately funded.

    Do either of you read about an issue before commenting on it? LOL!!

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    Senior Member purplejokr's Avatar
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    Quote Originally Posted by dabears54 View Post
    Whil agree the move would suck, just to play devil's advocate, even when winning Minny wasn't selling out, heck they almost didn't sell out their playoff games in 2008 and almost had their last 2 games "blacked out"- So its not exactly a 'rabid" fanbase there- and add in the obvious distinction of going from something like a local market of under 2 million to 10 million in LA, even if respnse only 'tepid" it would still be a bigger audience than Minny. And that means more ad revenue, more jersey sales and obviously alot more top end $$$ for luxery boxes that are the NFL's owner bread and butter profit-I agree IMO the LA market had their chance, but that 10 mill people hard to resist both from a local standpoint and from a TV viewership for the league as a whole.. The LA market will increase ratings nationawide over Minny, which the league as a whole also wants
    You make very good points here, db. I would hate to see the Vikings leave Minnesota but at the end of the day the NFL is a business with business owners looking to maximize the returns on their investment. The numbers alone put LA way ahead of Minnesota in every conceivable measure.
    Last edited by purplejokr; 03-02-2011 at 05:37 PM.

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    Banned dabears54's Avatar
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    Quote Originally Posted by soulman View Post
    Then just like I said he should move the team to LA and let Calfornia taxpayers pony up. When other NFL teams are filling stadiums and many have waiting lists for season tickets doesn't the fact that Wilf isn't having that experience say something about him and his team? I think that by in large the citizens of Minneapolis are pretty intelligent people so I'll leave it to them to decide whether or not it's worth to be held hostage by Ziggy Wilf.
    Agreed- and that's my Conundrum.. While a dyed-in-wool capitalist who thinks all business have a right to go where they can miximize profits and econonic growth.. Also would hate for Minny to move because of the rivalry and traditions of the purple people eaters, the chuck foreman years, the fumblepepper and moss years, etc etc. So from that standpoint do hope they stay.. but if had my druthers, not only want them to stay BUT BE AN OUTDOOR STADIUM.. loved the game this year back in snow and cold- its the NFCN tradition and hope we can get 3/4 of the way back to that

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    Senior Member blinddeafmute's Avatar
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    Quote Originally Posted by purplejokr View Post
    Evidently, neither of you have heard. We don't do that here. If a billionaire NFL owner wants a stadium he can build it himself. We don't subsidize billionaires. We don't need to.

    There are TWO private plans that would require no cash from public coffers currently on the table. One is nearby Staples Center in downtown that would be built by AEG. The other is in the City of Industry that would be built by Ed Roski. Again, both are privately funded.

    Do either of you read about an issue before commenting on it? LOL!!
    Do you read a conversation before you comment?

    Both of these responses were related to an "if" comment made previously in this thread that was made regarding Wilff putting up his own money.

    Maybe you should go back and get caught up.

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    The Rhymenoceros Jimmors's Avatar
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    im just surprised no one has mentioned in this thread yet whether or not Jokr is excited about the Vikings moving to LA.

  • #18
    Senior Member purplejokr's Avatar
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    Quote Originally Posted by blinddeafmute View Post
    Do you read a conversation before you comment?

    Both of these responses were related to an "if" comment made previously in this thread that was made regarding Wilff putting up his own money.

    Maybe you should go back and get caught up.
    Oh, I'm caught up just fine... The fact is Los Angeles doesn't subsidize billionaires and their toys. Taking a discussion that direction is fruitless as it just won't happen. Especially in light of the current economic climate.

    So, this entire notion of the Vikings moving to LA and the taxpayers footing the bill is complete rubbish.

    If Wilf moves the team to LA, a stadium will be constructed privately and Wilf will need to cede partial, if not complete, control of the team to the owners of the building the team will play in. It is as simple as that.

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  • #19
    Banned dabears54's Avatar
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    interesting thought on CBA hurting vikes:

    Lockout'11: Scuttling a Vikings stadium?


    March, 3, 2011 Mar 3
    10:30


    By Kevin Seifert


    Here's an unexpected consequence of a protracted labor battle between the NFL and its players: It could doom the Minnesota Vikings' chances of new stadium approval in 2011.

    No one is sure how any of this will play out, and it's quite possible the Vikings would fall short even if the NFL and its players quickly resolve their differences. But here's the bottom line: The Vikings are counting on up to $150 million from the NFL to fund construction, but that money wouldn't be available until a new collective bargaining agreement (CBA) is reached.

    As we discussed last month, a stadium approved this year is likely to cost between $920 million and $1.2 billion. In previous years, the Vikings have pledged a private contribution of about one-third the cost of a roofless stadium. We estimated that total to be around $215 million.

    The NFL contribution has been included in that figure in past estimates, the result of its long-standing G-3 loan program that provides upfront cash for construction and is repaid through the visitor's share of club seat revenue in the new stadium. But the G-3 fund is dry and its future is a part of the current labor disagreement.

    The Minnesota state legislature typically adjourns during the third week of May. If there is no agreement by then, you would have up to a $150 million gap in financing for a plan that would already require at least $700 million in state funding.

    Vikings owner Zygi Wilf could temporarily cover the difference, as could the state. But would the gap prove a deal-breaker? I don't know. During a meeting with local reporters last month, Vikings vice president Lester Bagley suggested a stadium deal could be reached and made contingent on a new CBA. That arrangement would allow for the NFL money to be plugged in and construction to begin whenever the owners and players have a new deal.

    Otherwise, the funding gap could push the issue into the 2012 session, which will open about a month before the expiration of the Vikings' lease at the Metrodome.

    Again, I don't know how this will play out. We're talking about less than 20 percent of the stadium's total cost. But in an already-uphill battle, every penny counts.

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    Mello Jello soulman's Avatar
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    Quote Originally Posted by purplejokr View Post
    Evidently, neither of you have heard. We don't do that here. If a billionaire NFL owner wants a stadium he can build it himself. We don't subsidize billionaires. We don't need to.

    There are TWO private plans that would require no cash from public coffers currently on the table. One is nearby Staples Center in downtown that would be built by AEG. The other is in the City of Industry that would be built by Ed Roski. Again, both are privately funded.

    Do either of you read about an issue before commenting on it? LOL!!
    Hear, hear!!!! Actually my comment concerning Cali taxpayers was just a tongue in cheek comment jokr. My basic point was that taxpayers should not be in the business of subsidizing new stadiums for multi-millionaire NFL franchise owners. Wilf telling folks who've already agreed to fund part of it's cost that he won't pay for the roof is just crazy ass cheap IMO.

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