Keep What We Have and spend $400 million on renovations
Build A New Stadium and spend a lot more money to go to a Bills game
They're refurbishing Nippert?
Cool. I always liked that place. It has that Franklin Field, Cornell Ivy League feel to it.
The Bills played the Bengals there until Riverfront was built.
Dude (10-01-2014)
As Dude noted, we're dealing with two governments here. The state vs. the county. The same things happens all over the country - the UCLA Bruins pay to play in the Rose Bowl
http://dailybruin.com/2010/10/12/cou...es_renovation/
With the construction, UCLA also agreed to new lease terms on the stadium. UCLA is dropping the remaining 13 years on its contract with the Rose Bowl for a new 30-year lease that will expire at the end of the 2042 football season. Under the new lease, there will also be changes to the revenue plan.
UCLA currently pays the Rose Bowl 8 percent of all regular ticket sales and receives $50 per luxury box ticket. Under the new deal, UCLA will still pay 8 percent, but the Rose Bowl will no longer pay UCLA the $50 per luxury box ticket. Pasadena will manage the sale of premium seats, according to board documents.
UCLA, however, will retain all television revenue after a substantial proportion of the project has been completed, according to board documents. This is a change from the 8 percent it currently pays to the city.
Membership fees for Rose Bowl lounges will be split between Pasadena and UCLA. The university will retain the first $250,000 of revenue, which will increase by 3 percent each year, while the rest will be paid for Pasadena’s debt service.
Billszone 2013 Prediction Contest winner!
http://www.billszone.com/fanzone/sho...s-haters/page3
Post #46
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"I was an integral part in the drafting process of EJ Manuel," Whaley said Thursday on NFL Network's Total Access. "I was the person that handled the draft process and setting up the board."
"We are committed. I want you to believe me when I say that," Whaley said of building around the second-year quarterback, per The Buffalo News. "I always tell you guys that I'll never say never because I don't want to paint myself in a corner, but when I do say something, I do it and I mean it and I try to fulfill it."
"We believe the addition of Sammy is going to be instant impact, not only to our quarterback, but to what our offensive coordinator can come up with game-plan wise and how defenses attack us," Whaley said.
Whaley on EJ Manuel: "We think we got a gem in this guy." (2:30)
"And as Mark says, if in three years maybe he's not [our quarterback of the future], then I'll be sitting there saying 'hey guys', .... anybody got a job for me?" - Doug Whaley
The only example I can find where a team doesn't pay rent is UMass playing at Gillette. However, Gillette is privately owned by Robert Kraft, and this is a temporary arrangement while UMass' on-campus facility is being built. Every other instance I've found where a school plays in an off-campus publicly owned stadium they are paying rent, either directly to the primary tenant or to the ownership. There are several instances where a facility is state owned, but I can't find any stats where a state school plays for free (GA State, as an example, pays $75,000/game to play at the Georgia Dome, which is owned by the state of Georgia).
So, you've got:
- logistics: moving stadium 20 miles away making it harder for students to attend games; remote location and lack of public transit makes it hard for students without cars (thus requiring extra cost of providing shuttle service to and from games)
- size: additional 30,000 seats that won't be used on a consistent basis
- cost: need to pay (likely high) rent plus cost of game-day operations, may or may not get to keep full revenue from concessions depending on lease
Benefits:
- enough seats to handle crowds for occasional games vs. "big-time" opponents
From the county's perspective, they have to continue to maintain the facility in addition to the new stadium, unless the new one is privately owned. The new stadium will be nicer and in a better location, so it will be the preferred venue for major events. The amount of rent they would have to charge to the lone tenant would in all likelihood make the deal cost-prohibitive for a state university with a relatively small athletic booster population.
I could go on but I'm just rehashing at this point. I've yet to see a compelling argument or reason for why UB would move to RWS, and I don't think I will.
The Rose Bowl Operating Company is a non-profit owned by the City of Pasadena. Look at their Board of Directors: http://ww2.cityofpasadena.net/commissions/rboc.asp
If you're going to claim that somehow doesn't count because the City chooses to use a holding company, then you're grasping.Purpose and Function The mission of the Rose Bowl Operating Company is to return economic and civic value to the City of Pasadena by managing a world-class stadium and a professional quality golf course complex in a community based environment.
Whether or not the Ralph is viable for the Bulls is a different question from whether Erie County would let them use it for free.
Dude (10-01-2014)
Interesting
That removes all kinds of speculation.
I hit that first link that's about 14 years old, from it;
Those days seem to have come to even more of an end these days as financially strapped taxpayers question even more why a club of exclusive billionaires need local or state tax money to help them fund their business expenses. There's a tidal wave of blowback emerging that hasn't crescendo-ed yet.“I think Cincinnati is in the last group of stadiums, with Baltimore and Tampa Bay, Nashville and St. Louis, that are heavily government oriented,” said John Moag, managing director at the investment firm Legg Mason Wood Walker in Baltimore and former chairman of the Maryland Stadium Authority.
“Those days are coming to an end,” as the public demands teams pay more of stadium costs, he said. Two more recent leases, in Denver and Detroit, obligate the teams to pay more stadium costs than the Bengals will.
That's why I think that Pegula's going to have to pay mostly if not all of his own money for any new stadium. If he does I don't see why he wouldn't want to do so almost immediately. If it makes sense for him personally then I don't see it attached to any time frame besides the existing lease. Maybe he'll work out something with the county.
Say he's approved owner soon, announces this season that he's going to build a new stadium, gets plans, etc., he can probably have the thing ready to play in by the 2017 season. Would it be worth about $370M to him to have it three seasons before he otherwise would?
I have no idea nor will I speculate, just asking the mostly rhetorical question. I would think that once he's approved he'll have a press conference within a few months to outline his plans.