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Potential $1.2B Panthers stadium renovation discussion

Lame Duck

By Lame Duck,
in Carolina Panthers

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Jon Snow Grand Master

Jon Snow

Posted
Posted
3 minutes ago, Stumpy said:

Tepper made his entire fortune during the last one.

That was from buying up depressed banking something or another.  Cannot recall the correct technical term for the financial investing it was. But yeah, he will lose a chuck of change personally but you and i are stuck paying the tab. We pay the tab either way, only this time with less income and higher cost of living.  

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Daddy_Uncle Veteran

Daddy_Uncle

Posted
Posted
1 hour ago, Jon Snow said:

The devil is in the details with these stadium deals. This will be done Teppers way and who knows what that will be. He strikes me as someone who would want something to make Jerry Jones jealous. 

Then why doesn't he just build new

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LinvilleGorge Grand Master

LinvilleGorge

Posted
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11 minutes ago, Daddy_Uncle said:

That would be a bad call. The Panthers are too important to Charlotte

https://www.si.com/nfl/2016/01/19/st-louis-rams-san-diego-chargers-economics

Peter Von Allmen, president of the North American Association of Sports Economists: There is no proof that hosting an NFL franchise leads to a substantial positive economic impact.

Victor Matheson, sports economist and professor at College of the Holy Cross: Generally the economics literature, people who have studied this who are not connected with the league, we can almost never find any tangible economic benefits with bringing an NFL team to town or with building new stadiums.

Brad Humphreys, sports economist and professor at the University of West Virginia: There is no evidence in any peer-reviewed scholarly journal that a professional football team will generate any tangible positive economic impact on a city. There is no evidence that the departure of a football team ever harmed a city's economy.

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Stumpy Grand Master

Stumpy

Posted
Posted
1 hour ago, Jon Snow said:

I'm not sure anyone wins if a recession hits. 

 

18 minutes ago, Stumpy said:

Tepper made his entire fortune during the last one.

 

4 minutes ago, Jon Snow said:

That was from buying up depressed banking something or another.  Cannot recall the correct technical term for the financial investing it was. But yeah, he will lose a chuck of change personally but you and i are stuck paying the tab. We pay the tab either way, only this time with less income and higher cost of living.  

Yes, he bought up collapsed banks caused by the financial crisis during the last recession. He was tipped off (insider trading) that the feds would subsidize his investment to keep the economy afloat.

He literally won the recession to the tune of about $10b!

He will not lose money in the coming recession. Hard times for regular folks are the glory days for the ultra wealthy. Just look at the gilded age!

And, he will use this $600 million handout to buyout all of the foreclosed homes in this massively overcooked housing market until he is the feudal lord of North and South Carolina. What do you think he really meant by "2 States 1 Team?!?"

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jayboogieman Grand Master

jayboogieman

Posted
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6 minutes ago, LinvilleGorge said:

https://www.si.com/nfl/2016/01/19/st-louis-rams-san-diego-chargers-economics

Peter Von Allmen, president of the North American Association of Sports Economists: There is no proof that hosting an NFL franchise leads to a substantial positive economic impact.

Victor Matheson, sports economist and professor at College of the Holy Cross: Generally the economics literature, people who have studied this who are not connected with the league, we can almost never find any tangible economic benefits with bringing an NFL team to town or with building new stadiums.

Brad Humphreys, sports economist and professor at the University of West Virginia: There is no evidence in any peer-reviewed scholarly journal that a professional football team will generate any tangible positive economic impact on a city. There is no evidence that the departure of a football team ever harmed a city's economy.

Sports franchises are just more corporate welfare/socialism. The public pays for the stadiums after the owner inherits the team or makes their investment in the team and then said owner profits of tax dollars at work.

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Floppin Grand Master

Floppin

Posted
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3 hours ago, LinvilleGorge said:

Economic studies have shown that public spending on stadium projects is a terrible "investments" and essentially amounts to a handout to billionaires. Something feels extremely grifty about the numbers involved too. Jerryworld cost $1.4B to build in '04 and was considered wildly extravagant at the time. The Falcons' new stadium cost $1.6B. You're telling me you need $1.2B just to RENOVATE our current stadium? I call BULLSHIT.

As an unlimited contractor I can tell you that those numbers in today's market are not outrageous and actually, depending on the plan, relatively frugal unfortunately.

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Harbingers Grand Master

Harbingers

Posted
Posted
4 hours ago, LinvilleGorge said:

Economic studies have shown that public spending on stadium projects is a terrible "investments" and essentially amounts to a handout to billionaires. Something feels extremely grifty about the numbers involved too. Jerryworld cost $1.4B to build in '04 and was considered wildly extravagant at the time. The Falcons' new stadium cost $1.6B. You're telling me you need $1.2B just to RENOVATE our current stadium? I call BULLSHIT.

Not really what you are trying to portray under current economic conditions mixed with inflation. While I agree the price is high for anything next to a complete renovation. You aren’t factoring in inflation, especially current day inflation and price of material and labor. So you are either intentionally or unintentionally misplacing. 

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JVic Community Regular

JVic

Posted
Posted
1 hour ago, LinvilleGorge said:

https://www.si.com/nfl/2016/01/19/st-louis-rams-san-diego-chargers-economics

Peter Von Allmen, president of the North American Association of Sports Economists: There is no proof that hosting an NFL franchise leads to a substantial positive economic impact.

Victor Matheson, sports economist and professor at College of the Holy Cross: Generally the economics literature, people who have studied this who are not connected with the league, we can almost never find any tangible economic benefits with bringing an NFL team to town or with building new stadiums.

Brad Humphreys, sports economist and professor at the University of West Virginia: There is no evidence in any peer-reviewed scholarly journal that a professional football team will generate any tangible positive economic impact on a city. There is no evidence that the departure of a football team ever harmed a city's economy.

Hi, I'm Dummy. I'll take "I Have No Clue" for $400 please.   

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