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Stadium Deals Newsbeat

Tuesday, June 06, 2017

D-Backs: Yeah, yeah, new stadium management contract, just give us our $187m, okay? | Field of Schemes

In other words, just adding a few more concerts isn’t going to stop the D-Backs owners from suing for $187 million, which makes total sense if they think they have a shot at winning. Beus added that they’re only suing for “the ability to talk to other alternatives so we don’t risk our franchise altogether when they don’t do the capital repairs they’re required to do,” which is pretty hilarious for a franchise worth an estimated $1.15 billion and that had an estimated $47.2 million in profits last year, but nobody ever said that lawyers had to be 100% honest.

Oh, and as for that county meeting, they ended up sending both bidders back to the drawing board and reopening the bids, because they weren’t happy with the offers. Which isn’t all that likely to do much better given the limited number of venue managers out there and the limited amount of money you can make staging concerts at a baseball stadium, but hey, worth a shot.

Jim Furtado Posted: June 06, 2017 at 08:16 AM | 0 comment(s)
  Beats: diamondbacks, stadium deals, stadium renovations

Wednesday, May 17, 2017

PawSox, city reveal stadium financing framework   Poll

I’m glad I don’t live in Rhode Island.

$45 million from the PawSox for ballpark construction, including an early $12-million cash outlay and $33 million from revenue generated over the next three decades at the ballpark.

$23 million from the state in the form of tax revenue generated in and around the stadium.

$15 million from the city, also in tax revenue generated in and around the stadium.

Jim Furtado Posted: May 17, 2017 at 10:58 AM | 17 comment(s)
  Beats: minor leagues, stadium deals

Monday, April 10, 2017

PawSox envision smaller stadium than league requirement

The Providence Journal is proving to be the leading shill for a new park in Pawtucket. If they want to get fans back in the seats, maybe they shouldn’t be trying to fleece taxpayers.

Jim Furtado Posted: April 10, 2017 at 08:32 AM | 0 comment(s)
  Beats: minor league baseball, stadium deals

Thursday, March 30, 2017

Rockies strike deal “in the 11th hour” to keep Coors Field as long-term home

“This was difficult and long, but we’re going to have baseball in Colorado for three more decades,” said Matt Sugar, spokesman for the district. “The greatest benefit will be that the taxpayer won’t have to pay a dime.”

Major League Baseball approved the deal Wednesday morning. Coors Field, the third-oldest stadium in the National League, will remain the Rockies’ home through 2047, when the stadium will turn 53 years old.

The Rockies get it right. Coors is a gem.

Perry Posted: March 30, 2017 at 10:13 AM | 27 comment(s)
  Beats: rockies, stadium deals

Monday, March 27, 2017

Yard Goats stadium sparking literally dozens of hotel-room conversions, yay? | Field of Schemes

VERDICT: I do not think that word “dramatically” means what you think it means. Building a new sports facility may not have the kind of economic impact that sports team owners pretend it does, but it does have some, and “making the hotel-to-rental-apartment conversion that developers already had in the works marginally more marketable” is just about perfectly the size of it. Downtown Hartford is starting to draw more interest from renters with money, but that’s thanks to the Great Inversion, not anything to do with sports, and certainly not a minor-league baseball stadium that until recently wasn’t certain ever to open.

That said, I am eagerly awaiting the chance to take in a Yard Goats game this summer. I will almost certain make it a day trip from New York City, and will probably stop for pizza or falafel in New Haven. My footprint on the Hartford economy will be exceedingly light, but if some millennials want a view from their apartments of my car pulling in and out of the stadium parking lot, more power to them.

Jim Furtado Posted: March 27, 2017 at 09:07 AM | 0 comment(s)
  Beats: minor leagues, stadium deals

 

 

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