New stadium in LA

[KNSD]

Final estimates of who really pays what under CSAG proposal is there for review. http://www.thepowderblues.com/forum/...504#post157504 (Post 1985). I think these numbers are about as good as it gets towards letting everybody know who really pays what, and what each entity hopes to gain out of paying their share.

For example, the city could have simply stated "Chargers and NFL, you're responsible for 250 million. The PSL's and naming rights will be used to pay off the stadium."

Yeah Den, SDSU might have a problem paying their fair share of rent. We shall see.

[Den60]

Apparently CSAG pegged the stadium cost at $1.1BB, so even $840MM from the Chargers is closer to 75% of the cost of the stadium. Does anyone know who gets the additional $300MM they've called for? It more than covers teh $280MM you point out the city would need to come up with and may just eliminate that 2/3rds vote.

Isn't the $1.15B the hard costs and doesn't include the cost of financing the deal over 30 years?

[sandiego17]

What is discounted in this argument is the upfront and yearly money (you say 900mm and others say 500mm) is that there is a huge gain that will take place over those 30 years... The Chargers will most likely double to triple their franchise worth from 1 billion to 2-3 billion... Those prices are conservative using the 1984 Spanos purchase of the Chargers as the gauge.

For those that don't know, Spanos purchased 60% of the Chargers in 1984 for roughly 48 million. He later bought another 37% which probably puts his total investment 31 years ago at 100 million. Over 31 years (14 of which were at horrible facility [says the Spani]), and the company has grown 1000%...

Nobody should feel sorry for the Chargers for having to pay 500 or 900 million for a potential 1000% return over 30 years. Sure, LA could make them more on their return, but that info can be applied to probably 80% of the NFL Teams wherein LA would provide a better financial opportunity over their current locale.

I don't feel sorry for anybody in this (except us fans that are loyal to the San Diego in front of Chargers.) Where I might disagree is that your $500MM to $900MM investment has much to do with the potential increase in value of the team. A new facility will help revenues and that would help in the valuation, yes, but those revenues are dwarfed by TV/NFL money. IMO, the team is going to increase in value regardless of any cash outlay for a new stadium. As you point out, the enterprise value of the Chargers has increased 1000% without a new stadium. If they had invested $500MM to $900MM during that period, would the team really be worth more than they are today? I doubt it, and if it were, it wouldn't be 500mm to 900mm more.

Also disagree with one other point, you say 'say the spani' in regards to horrible facility. Its horrible. Q is shit. Actually, that's being kind. Q is diarrhea.

[KNSD]

Isn't the $1.15B the hard costs and doesn't include the cost of financing the deal over 30 years?

Yes, and they discounted revenue that would be put into a bond fund to account for inflation.

CSAG identified 1.4 billion of potential sources and not all of it needs to be used to fund the stadium. Some of it (like the city/county yearly contribution) could be used for maintenance costs (for example).

[richpjr]

http://www.mighty1090.com/episode/sports-biz-journals-daniel-kaplan-on-what-the-nfl-thinks-of-csags-report/

[Den60]

Yes, and they discounted revenue that would be put into a bond fund to account for inflation.

CSAG identified 1.4 billion of potential sources and not all of it needs to be used to fund the stadium. Some of it (like the city/county yearly contribution) could be used for maintenance costs (for example).

Their report does recommend that the city and the Chargers split the maintenance costs, which would likely raise the yearly costs for each $5-7M/year.

As I've said, I don't think this is a bad deal from the perspective of a taxpayer. But I do think the Chargers are going to want a lot more from the public. I think they probably peg out at 45% of the stadium cost.

[Faded blues]

There will not be a tax. Period.

The county can contribute much more than what they estimated.

If the raiders budge first the. Carson is dead. Well Carson is dead.

Rent to kroenke would be closer to 80 mil a year.

8 mil a game. To me this is low.

Stan will also mandate the Chargers wait a few years for him establish his franchise

Now it's a team.'interesting. Going to la next year.

You have to understand the 900 mil is bs. I would say closer to 650 but also remember this number is considerably less than Carson or to Stan

[TABF]

I don't feel sorry for anybody in this (except us fans that are loyal to the San Diego in front of Chargers.) Where I might disagree is that your $500MM to $900MM investment has much to do with the potential increase in value of the team. A new facility will help revenues and that would help in the valuation, yes, but those revenues are dwarfed by TV/NFL money. IMO, the team is going to increase in value regardless of any cash outlay for a new stadium. As you point out, the enterprise value of the Chargers has increased 1000% without a new stadium. If they had invested $500MM to $900MM during that period, would the team really be worth more than they are today? I doubt it, and if it were, it wouldn't be 500mm to 900mm more.

and

Also disagree with one other point, you say 'say the spani' in regards to horrible facility. Its horrible. Q is shit. Actually, that's being kind. Q is diarrhea.

I disagree with the bold (first quote) by using your last statement (second quote) as the guide... I would be willing to bet that if, the city and the chargers built the stadium 14 years ago and they had state of the art advertising in a state of the art facility, equipped with high rent luxury suites etc, they would be worth a significant more than they are. If you throw in a SB win or two, heck who knows how much they would be worth?

Also disagree with one other point, you say 'say the spani' in regards to horrible facility. Its horrible. Q is shit. Actually, that's being kind. Q is diarrhea.

This being said....

From my seat, from my vantage point and as a 25(ish) year season ticket holder, I have very few issues with the Q. They only thing I need in that stadium is a working seat with a good vantage point of the game, and I have both of those. I get to the stadium at 9 am every game, I tailgate until 1230 ish, I pee when I get in, I don't guy a darn thing while I'm there and my experience is quite enjoyable. My only real complaint is the video board and I only realized it was bad recently (Petco has an amazing video board).

I go for the game and nothing else and I'm sure others have the same experience as me. I could give a damn about concessions, Chargers store or the bathrooms. I pre plan all that shit and watch every snap of every game because that is why I am there.

[Faded blues]

Ok

Just listen to the Fred roggin podcast

Inglewood is By far the front runner and it's not even close.

Stan has already invested 300 mil of his money on the inglewood site per roggin

Dean and mark have only spent 20 mil on the land and can turn around and give back to the city.

Who do you think is more personally invested in the site?

Rams are coming

I would be surprised if this is not official before the season starts.

[Mister Hoarse]

This being said....

From my seat, from my vantage point and as a 25(ish) year season ticket holder, I have very few issues with the Q. They only thing I need in that stadium is a working seat with a good vantage point of the game, and I have both of those. I get to the stadium at 9 am every game, I tailgate until 1230 ish, I pee when I get in, I don't guy a darn thing while I'm there and my experience is quite enjoyable. My only real complaint is the video board and I only realized it was bad recently (Petco has an amazing video board).

I go for the game and nothing else and I'm sure others have the same experience as me. I could give a damn about concessions, Chargers store or the bathrooms. I pre plan all that shit and watch every snap of every game because that is why I am there.

QFT

[TTK]

People need to stop treating the CSAG numbers as official numbers. Even Adam Day said they realize that's not going to be the final deal and it's just a framework to work off of. Of course, they were going to skew the numbers in the city's favor because it's going to be negotiated. The final deal probably won't look anything like the CSAG proposal.

[sandiego17]

I disagree with the bold (first quote) by using your last statement (second quote) as the guide... I would be willing to bet that if, the city and the chargers built the stadium 14 years ago and they had state of the art advertising in a state of the art facility, equipped with high rent luxury suites etc, they would be worth a significant more than they are. If you throw in a SB win or two, heck who knows how much they would be worth?

They may be worth more, but I doubt they would be worth a billion more (or $900MM).

This being said....

From my seat, from my vantage point and as a 25(ish) year season ticket holder, I have very few issues with the Q. They only thing I need in that stadium is a working seat with a good vantage point of the game, and I have both of those. I get to the stadium at 9 am every game, I tailgate until 1230 ish, I pee when I get in, I don't guy a darn thing while I'm there and my experience is quite enjoyable. My only real complaint is the video board and I only realized it was bad recently (Petco has an amazing video board).

I go for the game and nothing else and I'm sure others have the same experience as me. I could give a damn about concessions, Chargers store or the bathrooms. I pre plan all that shit and watch every snap of every game because that is why I am there.

I get this, and that's fine if that's the case, but i still contend the experience is amongst the worst in the NFL, definitely worse than any other stadium I've been to (haven't been to GB, might be better than freezing your nuts off, maybe. Doubt it though) The jumbotron (talk about overstatement,) the restrooms, the box seats, even the 'Club' area are all well, well, well below any standard, let alone average. Trust me, the Q sucks and when we get that shiny new stadium despite KNSD's best efforts to stop it :chuckle:, you'll see.