User Comments, Suggestions, or Complaints | Privacy Policy | Terms of Service | Advertising
Page rendered in 0.9815 seconds
81 querie(s) executed
|
| ||||||||
Baseball Primer Newsblog — The Best News Links from the Baseball Newsstand Sunday, March 23, 2008Washington Post: Ballpark Is Ready, but the Neighborhood Isn’t (RR)BAH!...A real “unsightly path” was walking through junkie alley behind McCombs Damn Yankee Stadium Park. And I do so miss it (shakes uncontrollably).
Repoz
Posted: March 23, 2008 at 11:01 PM | 23 comment(s)
Related News: General, Business, Washington |
My BookmarksYou must be logged in to view your Bookmarks. Hot TopicsNewsblog: MGL: If I worked for a team and was allowed to do whatever I wanted (and they actually listened)…. (143 - 5:49pm, May 15) Last: kevin Newsblog: THT: Studeman: Ten things I didn’t know last week (12 - 5:48pm, May 15) Last: Master of the small sample size Newsblog: Fred Schwarz on Baseball & Conservatives on National Review Online (4518 - 5:47pm, May 15) Last: CrosbyBird Newsblog: The Biz of Baseball: Brown: Is Part MLB’s "Discipline" showing Magowan the Door? (12 - 5:46pm, May 15) Last: Johnny Clash Newsblog: The Baseball Analysts: Dial: Just How Good Is Chipper Jones? (21 - 5:42pm, May 15) Last: Petunia Newsblog: Yahoo!: Passan: Clayton Kershaw’s great expectations (15 - 5:40pm, May 15) Last: Ludwig the Indestructible Newsblog: TSN: Pinto: A's, Marlins beat expectations in different ways (2 - 5:34pm, May 15) Last: Petunia Newsblog: Miklasz: Edmonds in a Cubs uniform? The thought is mind-boggling
(63 - 5:25pm, May 15) Last: Petunia |
|||||||
|
About Baseball Think Factory | Write for Us | Copyright © 1996-2007 Baseball Think Factory
User Comments, Suggestions, or Complaints | Privacy Policy | Terms of Service | Advertising
|
| Page rendered in 0.9815 seconds | ||||||
Reader Comments and Retorts
Go to end of page
Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.
Something tells me slogans like "you gotta wait 10 years for this to work out" weren't part of Evans' pitch back when he and his colleagues were voting to transfer hundreds of millions of dollars from impoverished D.C. residents to wealthy baseball owners.
I still want to see an honest look at the stadium by an economist that captures how much $ is flowing in from MD and VA that otherwise wouldn't go to DC. I'm sure it's not $600 million worth, but I bet the true number would surprise a lot of us.
Couldn't the cars drive right through the jerseys?
Seriously, I am unfamiliar with the term "Jersey barrier" and I've lived in the Philly area for over 40 years.
*but were afraid to ask.
On the other hand, one could argue--maybe fairly, maybe not--that the team doesn't arrive in DC at all without the promise of a new stadium, so counting the different from RFK is silly. Like I said, it's a complicated issue and I'm not sure there is one clear "answer."
It's fair, and completely accurate. The team would still be playing in Montreal today, had the city built Labatt Park the way they originally said they were going to. And Oakland is going to relocate to Cisco Field in Fremont for much the same reason.
Hmmm...we always called 'em Jersey Barriers or Jersey Walls.
I'm sure the neighborhood will pick up before long. Surrounding blocks already look very different from how they used to.
I'd talk more about what used to go on down there, but I'm not into grossing people out too much outside the Lounge.
Listen, Rome wasn't built in a day. It'll work itself out.
By car, it won’t look any better. Motorists must navigate streets bounded by Jersey barriers, then find parking lots set among towering cranes and shells of office buildings and condominium high-rises
Sounds infinitely better than Willets Point at the moment.
Also just got my parking passes - just a shade farther than the Metro, but a little farther than the parking at RFK.
Shouldn't be too bad getting in and out - for me that is.
Are the Nationals going to put that many fans to sleep that they actually NEED another Starbucks there?
And they're concrete trucks, not cement mixers (as my Dad would remind me when I was working construction with him).
-- MWE
No sleeping, but a good Maalox Bar would be useful.
It's true that you're never going to get a 100% accurate answer, but that's probably true of every other "Stadiums suck!" econ study that's been done. This one has a chance to be in the middle somewhere, and I just wonder what the middle ground is.
$600 million (or more) is a scary number. How much of that is going to be recaptured by new revenue that wouldn't be if the stadium were located in a difference city where it couldn't leach off the surrounding states?
Like all fast food emporiums, Starbucks' existence is easily justified by their public bathrooms, in this case apparently the only one within miles. We are grateful for small favors.
Not just a different city, but what's also important here is the part of the city that DC placed the stadium. While it's probably almost always bad, in practice, to spend $600 million in public funding on a single private entity, it might be more worth it (or at least less not worth it) to use the money to build the flagship in the redevelopment of an area of the city with huge economic potential.
Back to the topic at hand... There seems little doubt that the construction will not be done in a day, month, year, or years. But, then, what did you expect? Redevelopment -- stadium or not -- would see this.
As to the economics of the deal... One of the big reasons the DC Council approved the funding was to build up the "ballpark district." I found this to be politics, and not much more. As I understand it, development was started in the area, and given a few years, you would see development that is transpiring now, albeit at a slower pace.
For those interested in the funding, well, here's the nuts and bolts. By the way... I think the businesses that are being taxed are getting shafted. The idea that they will see revenues offset by those traveling in from out of the District seems a bit of a leap:
Cost: $610.8 million
Public financing: The city may sell up to $610.8 million in bonds to finance the stadium. Revenue to pay the debt on those bonds would come from these sources:
* $11 million to $14 million per year from in-stadium taxes on tickets, concessions and merchandise.
* $21 million to $24 million per year from a new tax on businesses with gross receipts of $3 million or more.
* $5.5 million per year in rent payments from the baseball team's owner.
Private financing: The team will be responsible for any cost overruns. Naming rights would belong to the team and are not earmarked for stadium construction costs.
Lease: Team would lease stadium for 30 years from the DC Sports Commission. The value is estimated at $5.5 million per year.
That's certainly valuable, but any econ prof is going to get a haughty look and scoff at you. That part of town might bloom, but that just means that Shaw isn't getting gentrified faster.
Now if they can show that the developers are spending their dough in DC instead of in Fairfax or PG County, we've got something.
Yes, I realize that ship sailed a long time ago, but it's a pretty nice ship.
Sure. And if I were elected President tomorrow, my first act would be to declare world peace. And we would have world peace, dammit!
DC got a bad deal. If there were more competent people in the city's government, they probably could've strongarmed MLB a bit and had to pay less of the freight.
But MLB owned the team and ultimately decided the cost. They were NOT going to get a SF-type deal, so there's not much point into holding it up to that standard.
(here's where Maury comes in and points out the millions SF's gov't ended up spending anyway...)
. . . and a possible name for a future Garden State franchise - "The Jersey Barriers".
You must be Registered and Logged In to post comments.
<< Back to main