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New Football Stadium One Step Closer to Approved

Discussion in 'Casino Industry & Development' started by paperposter, Sep 15, 2016.

  1. paperposter

    paperposter VIP Whale

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    total bullshit,tax payers too pay 650 million dollars ,they can blow me.

    new fees coming to hotels , pay toilets in hotel rooms and buss your own tables after your meals"
     
    Last edited by a moderator: Sep 17, 2016
  2. X-Man

    X-Man Tourist

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    RRRRAAAAAAAAIIIIIDDDDEEEEEEERRS
     
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  3. Nevyn

    Nevyn VIP Whale

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    My understanding is it is still a long way from approval. The tourism committee recommended it. Think many others still need to sign off before it is official.

    But it seems pretty likely.

    Also, 750 million. And that is the minimum. Sounds like an open ended blank cheque
     
  4. saintpauljeff

    saintpauljeff VIP Whale

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    This.

    And tourism fees is exactly how that will get paid, local residents need not get upset. If Vegas visitor numbers are as strong as they say they are, easy as pie to pay for the bonding.

    Every time I go to Phoenix for Spring Training I'm always amazed at the 45% fees tacked on to my car rental...but that's how they pay for stuff.
     
  5. Grid

    Grid VIP Whale

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    Too many teams in cali right now. 32 NFL teams, 50 states and 4 teams in California? Someone should move, and the Raiders want vegas.

    As far as the tax payer end, that would be the largest haul an NFL team has ever beaten out of the public. Here is the full list of NFL stadium money spent over the last 20 years

    Tax payers will spend $594MIL on the Falcons new crib. Miami was done for $350MIL and the tax payers spent $0.00. When Oakland got their new stadium in 1996, 100% of that came from the public.

    If the Raiders want $750MIL from Nevada, thats pretty greedy. How much of a spike do they think their team will bring to a town that already has nearly 40MIL visitors? Their hotels are already 90% filled.

    Are they hoping to draw these "new fans" from the rest of the state? 2.8MIL people live in Nevada, but over 2.2MIL of them already live in the Las Vegas Metropolitan area!

    They will get a hockey team. Thats easy to do and the stadium is sitting there now. NFL? Good luck making sense of that. I just dont see where the extra money would be generated from.

    Year Cost (in millions) Public funding
    Atlanta 2017 $1,400 $594
    Minnesota 2016 $1,087 $498
    Miami 2016 $350 $0
    Tampa Bay 2015 $100 $29
    Cincinnati 2015 $10 $7
    San Francisco 2014 $1,200 $114
    Charlotte 2013 $250 $87
    Buffalo 2012 $271 $227
    New Orleans 2011 $185 $170
    New York 2010 $1,600 $0
    Kansas City 2010 $388 $263
    Dallas 2009 $1,200 $444
    Indianapolis 2008 $719 $619
    Arizona 2006 $455 $310
    Chicago 2003 $587 $387
    Green Bay 2003 $295 $169
    Philadelphia 2003 $518 $188
    Seattle 2002 $461 $300
    Detroit 2002 $440 $110
    Houston 2002 $474 $289
    New England 2002 $412 $72
    Denver 2001 $400 $289
    Pittsburgh 2001 $280 $171
    Cincinnati 2000 $449 $424
    Buffalo 1999 $63 $63
    Tennessee 1999 $291 $206
    Cleveland 1999 $271 $200
    Tampa Bay 1998 $194 $194
    Baltimore 1998 $226 $203
    San Diego 1997 $78 $60
    Washington 1997 $250 $70
    Carolina 1996 $248 $54
    Oakland 1996 $200 $200
    Total to build $15,352,000 Total share from tax payers $7,011,000
     
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  6. ken2v

    ken2v This Space For Rent

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    The NFL is this nation's collective lobotomy.
     
  7. Grid

    Grid VIP Whale

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    If the Bears played the Raiders (which happens like once every decade) I'd plan a trip around the game to watch my team in vegas. But I wouldnt plan a NEW trip for it. If I go to vegas twice a year, I'd just make that game one of them. So no new money from me. And I wouldnt spend any more money while I was in town VS what I'd normal spend there anyway.

    Not even for tickets. I'd just make the game my "show" instead of Cirque or whatever that trip. I'd like to see how they can spin this outside of construction jobs to build the damn thing.
     
  8. saintpauljeff

    saintpauljeff VIP Whale

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    I'm actually the opposite of you Grid. I really don't go to Vegas anymore unless for some kind of "event". So NHL / NFL road trips to watch my teams will actually create new trips for me. I've gone to Vegas this year last month but I hadn't gone in 3 years before that. Most of my travel is sports-centric as myself & wife both are huge sports fans.
     
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  9. Sonya

    Sonya Queen of VMB

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    You're right. It's not quite a done deal yet, just one step closer. This article talks briefly about the fees - http://lasvegassun.com/news/2016/sep/15/panel-votes-to-recommend-las-vegas-nfl-stadium-pla/
    Not great news for tourists, but endless fees are nothing new for people to travel to Vegas. :(
     
  10. ken2v

    ken2v This Space For Rent

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    Or who travel so many places. Captive audiences going to uberpopular tourist spots and they can't vote. (No one has yet voted with his or her feet if tourism figures to places like Vegas or Orlando or Scottsdale are to be believed.)

    But a stadium, to reward kagillionaires in one of the most lucrative (and closed) businesses in America?
     
  11. paperposter

    paperposter VIP Whale

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    its basicly a done deal. taxes will pay one part and sheldon will do the other. once they agreed one the 750$ tax deal its was all done thats been the hold up and the fight out here.as our schools suxs, cops suxs they want the money actualy used for something good to help the cumminity not the casinos
     
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  12. Richard Alpert

    Richard Alpert LOST

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    I'm always interested in seeing how these new stadiums set up transportation options--light rail stations, bus stops, monorail extensions, etc.
    Of course, the Raiders should get to the stadium alright, provided they still have their Carr.
     
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  13. leo21

    leo21 VIP Whale

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    So they are going to raise the hotel taxes for this and potentially the convention center expansion, there is no cap on the the amount they may have to spend and they aren't getting any profit? All to build a stadium for a sports league that has so many challenges that could lead to a permanent decline? Deals like this are part of its image problem now.
     
  14. mike mc

    mike mc High-Roller

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    I wonder how quick the NFL will make this the next Super Bowl site when built ? Think about it perfect storm, the Vegas Venue, indoor stadium, Hotels /dining aplenty.
     
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  15. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    Meh. Maybe. Depends on the lunar new year calendar. Recall when the NBA held the all star game in Vegas and the casinos were pissed off that it created such a logjam of extra people at the same time as CNY
     
  16. Chuck2009x

    Chuck2009x VIP Whale

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    "A hike in the Clark County hotel room tax would fund the public’s portion of the bill. It would increase by 0.88 percent in the main gaming corridor and 0.5 percent in the outlying areas."

    So $0.88 per $100 of room rate on the Strip. $1 - $2 a night for an average room. And nothing on a comped room. I don't think that's going to scare anybody away, nobody will even notice.
     
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  17. Chicken Dinner

    Chicken Dinner Low-Roller

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    Cant wait for all the hand wringing and moral outrage as regards the betting.
     
  18. Ty

    Ty ?

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    I'm watching the Falcons vs Raiders game. According to the announcers the Raiders are the only NFL team to share a stadium with a baseball team. Watching this game reminds of watching the Falcons in the 80s.

    Mid-field is basically playing on the second base infield dirt, rather old school. At one point it seems the Falcons elected to punt rather than try a field goal kicking from dirt.
     
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  19. leo21

    leo21 VIP Whale

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    There is a counter proposal to up the room tax by 4% to pay for the stadium and to charge the Raiders rent. And again, this seems to be in addition to the tax increase for the convention center. Yes, it will translate to a couple bucks but if room rates go up every weekend they are home, eventually some of this is going to hurt someone.
     
  20. ken2v

    ken2v This Space For Rent

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    I go back to the basic flaw: This whole thing is based on an assumption that visitors are going to support this oddity as Las Vegas is the most transient and disconnected major metro population in the country.