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Saturday, February 21, 2015

CARSON WANTS TO PLAY FISCAL RUSSIAN ROULETTE................

The people of that city shouldn't get too happy about this proposal. It should be noted that no one has stated who will own the stadium. Whenever they say, "No taxapayer money will be used to construct the stadium," that can turn out to not be the case. It costs money to operate an NFL stadium. And with so many other stadiums in the Los Angeles basin, profitable events will be hard to come by. Just look at Levi's Stadium. We still don't know if there is enough money to pay for the first year of operational expenses.



Carson launches campaign to build NFL stadium, lure Chargers, Raiders





By Sandy Mazza, Daily Breeze


Raiders fans welcomed the press conference in Carson, announcing plans for a stadium that could host both the current San Diego Chargers and Oakland Raiders. (Brad Graverson/Daily Breeze). 
If history is any predictor, plans for a Carson stadium to host the San Diego Chargers and Oakland Raiders will fall apart.
But it won’t be for lack of enthusiasm and effort in the city of Carson, where a petition drive kicked off Friday morning with a press conference near City Hall attended by union members waving team flags, politicians predicting an economic boon for the region and civic and business leaders pronouncing their commitment.
Early plans call for a futuristic stadium design and the promise of financing from Goldman Sachs Group Inc. The National Football Leaguehas yet to comment about an actual deal, but city officials said the league and both teams are interested. They believe public pressure could make a difference this time around.
In the late 1990s — after the Rams and Raiders both bolted from Los Angeles — a proposal to build a stadium on the same former landfill site alongside the 405 Freeway at Del Amo Boulevard fell through. A similar plan died in 2005, and rumors of negotiations have since periodically surfaced. But nothing more than that, until Friday.
Carson officials believe the third time’s the charm.
“This is an enormous opportunity for the people of Carson,” Mayor Jim Dear said. “It will change the city in a dramatic way forever.”
City Council members praised the plans and cheered on a group of residents formed to represent the city’s various special interests and to pressure the league and its teams to move to the 168-acre site. It is the largest undeveloped single piece of freeway-adjacent land in Los Angeles County.
The site, which is home to several closed landfills and an ongoing environmental remediation effort to clear out hazardous underground chemicals, was most recently set to house a massive commercial, residential and entertainment complex called the Boulevards at South Bay. City officials confirmed this week that the Boulevards plan is dead, and that the Chargers and Raiders now “control” the land, though it is owned by investment firm Starwood Capital Group.
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Carson2gether, a group of community leaders formed to gather thousands of residents’ signatures in support of the plan, will work through the next phase of approvals needed to make the stadium plan a reality. A ballot initiative must be filed once signatures are secured, and then the issue can presented to the council officially as a ballot measure.
“This is about community spirit, community pride, economic development and jobs,” said Fred MacFarlane, spokesman for Carson2gether. “It’s about the city’s future. It’s about coming together with civic leaders, business leaders, religious leaders and labor groups all with a common goal: to convince the residents of this community that a proposed stadium project is an opportunity to be seized in this community.”
Leaders of Carson’s Filipino, Samoan, African-American and Latino communities have joined with religious leaders and labor groups in the campaign to bring the teams to town. The project would create thousands of union jobs, and hiring preference would be given to veterans and locals.
“I was excited before, about 20 years ago,” said Carson Planning Commission Chairman Loa Pele Faletogo. “Don’t disappoint us, NFL. I hope this will come to fruition. Carson will do its part. NFL, please do your part.”
At Friday’s news conference, officials said the new stadium would cost $1.3 billion to $1.7 billion and would be financed in a public-private partnership similar to the one used to build the new Levi’s Stadium in Santa Clara for the San Francisco 49ers. A representative from Goldman Sachs confirmed that the investment firm will provide the financing structure to build the Carson stadium, which would ultimately pay for itself through luxury boxes, seat licensing and other revenues.
City officials emphasized that taxpayers won’t be on the hook to fund the project, though Levi’s Stadium did use public loans. The stadium would be suitable for two team franchises, the Super Bowl, college bowl games as well as concerts and other events.
Carson Councilman Albert Robles said he’s optimistic about this plan coming together because the Chargers initiated the talks, and it’s the first time the city has had interest from teams.
“The Chargers reached out and they wanted to see if the city was interested,” Robles said. “We expressed a willingness to talk to them. The conversation was kind of built from there.
“In the past, there has never been a team attached. This time, not only do we have one team, but we have two teams. That’s what makes this much more real and much more viable. And makes me believe that it’s going to happen.”
At the least, the announcement has shaken things up in San Diego and Oakland, whose football teams are threatening to leave because they can’t get new stadiums, and in Inglewood, where the latest NFL stadium plan was announced about a month ago by St. Louis Rams owner Stan Kroenke. He wants to build on the site of the old Hollywood Park racetrack. Some league officials believe the Rams knew a Raiders and Chargers announcement was imminent and moved quickly to beat them to the punch.
“Although we knew that Mr. Kroenke had purchased land there in Inglewood, we didn’t think there was really any forward movement on it because we didn’t hear anything for the longest time,” Robles said. “Next thing we know, they are making an announcement and they have stadium renderings and they have it all financially figured out.
“But, back in St. Louis, they are going to fight to keep the team and they were going to pay for a brand-new stadium for them.”
Stadium plans floated in the City of Industry and downtown Los Angeles have lost momentum while the Inglewood and Carson projects have blossomed.
In light of Carson’s announcement, San Diego Mayor Kevin Faulconer said the city is still working to keep its team.
“It’s now abundantly clear that while we have been working here in San Diego to create a plan for a new stadium, the Chargers have for some time been making their own plans for moving to Los Angeles,” Faulconer said in a statement Thursday night. “This would amount to abandoning generations of loyal Chargers fans. Despite this news, we are going to continue our efforts to develop a viable stadium solution.”
The NFL has set a stringent relocation policy regarding Los Angeles, and any relocation would be subject to a league review and a vote by fellow owners. Ultimately, it would require 24 votes of approval from the 32 team owners.
The Chargers and Raiders jointly announced on their websites their plan to simultaneously pursue new stadium deals in their current markets while also developing the Carson project.
“We have both been working in our home markets to find a stadium solution for many years, so far unsuccessfully,” the clubs said in a statement. “We remain committed to continuing to work in our home markets throughout 2015 to try to find publicly acceptable solutions to the long-term stadium issue.”
Meanwhile, Carson’s leadership is on a mission to finally bring a professional football team, thousands of jobs, and the promise of huge city profits to town.
“We can bring these teams to Carson, but it’s going to take a united effort,” said Councilwoman Lula Davis-Holmes. “Who would have thought that not one, but two, teams would want to come to Carson? Yes, we can! Yes, we will have the NFL back in Los Angeles, in Carson!”
Staff Writer Vincent Bonsignore contributed to this report.

Sunday, February 1, 2015

Friday, January 23, 2015

THANK YOU TERMINATOR!


HOW MANY NFL, CITY OF SANTA CLARA AND JED YORK SPIN DOCTORS ARE GOING TO SELL US ON THE "MILLIONS OF DOLLARS IN MEDIA EXPOSURE SANTA CLARA IS GETTING FROM THE SUPER BOWL" THEORY?



Mayor of Glendale, Arizona, Expects City to Lose Money by Hosting Super Bowl

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Mayor of Glendale, Arizona, Expects City to Lose Money by Hosting Super Bowl
Matt York/Associated Press
Debating the economic benefits to cities and countries that host major sporting events like the World Cup or the Olympics is nothing new. New facilities are built, billions of dollars are spent hosting the event, and some years, people are even displaced from their homes.
That conversation traditionally hasn't extended to more domestic events like the Super Bowl, however, because the stadiums are in place and the event is simply a one-day affair. But now, Glendale mayor Jerry Weiers has suggested Super Bowl XLIX may not be such an economic boon for the area.
"I totally believe we will lose money on this," he told Mina Kimes of ESPN The Magazine, adding, "This Super Bowl was promised before I became mayor. There wasn't any backing out."
Per Kimes' report, Weiers projected the city would lose more than $3 million hosting the Super Bowl, and a bill that would have helped the city receive reimbursement from the state didn't make it through the Senate. Weiers also claimed that Glendale lost over $1 million when the city hosted Super Bowl XLII in 2008.
Arizona Cardinals' owner Michael Bidwill has staunchly refuted Weiers' claims.
"Recently, they've been telling people that they lost money on the Super Bowl, which is a bunch of malarkey," he told Bob McClay of KTAR News back in September. "They were telling people after that Super Bowl that they made a lot of money, and that they had about $13 million worth of media exposure to the city of Glendale."
It isn't surprising that Bidwill would be perturbed with Weiers. He surely wants the Cardinals' facility to host the NFL's biggest game in years to come. 
It sounds as though Weiers won't be keen to allow that to happen, however. When his bill failed to pass in April, he questioned how the city could afford to host the Super Bowl in the future.
In other words, the battle between the NFL, Bidwill and Weiers might just be heating up. 

Monday, January 5, 2015

EXACTLY WHAT DO THEY MEAN BY "FINANCIALS HEALTHY"?

Just to be clear on a few things, The 49ers are not obligated to  $24.5 million in annual lease payments. To my understanding, their fixed annual rent payments to the Stadium Authority are $5 million per year. Anything over that amount is based on many hypothetical scenarios. If something has changed, I have yet to read about it.
Why don't they reveal how much money are in the accounts being allocated for the liabilities of the Stadium Authority? 
The operative term from Gary Ameling is "anticipated". In other words, the current cash accounts of the Stadium Authority may not be enough to pay for all of the stadium liabilities.



From Santa Clara Weekly:

Levi's Stadium Financials Healthy

At the meeting, the Council accepted the Stadium Authority's audited financials for the last fiscal year - April 1, 2013 through March 30, 2014. Candidate for Mayor and long-time stadium opponent Deborah Bress noted that the report shows liabilities exceeding assets by $12 million.
That would make for some political "I told you so" fodder for stadium opponents - except that the number doesn't reflect stadium operations. It reflects the construction progress total as of March 30, and an accounting change mandated by the Government Accounting Standards Board (GASB) that restricts classifying items as "deferred," explained City Finance Director Gary Ameling.
"GASB 65 requires us to fully put on to our books the future debt payments, so this is an accounting issue rather than an issue with respect to the Stadium Authority, "explained Ameling.
"The current plan ... is still anticipated to be fully covering all the debt payments," he continued. The Stadium Authority's revenue - including the 49ers $24.5 million lease payment, naming rights, the 10 percent city surcharge on NFL tickets, and Seat Builder Licenses (SBL) - is still anticipated to fully cover all the debt service and stadium operating costs. Plus, the overall construction debt of $653 million is well over the $950 million that the financing was originally set up to provide.
"The SBL sales is a good news item," Ameling added. "Over 95 percent have been sold as of the date of the audit, and virtually all the remaining SBLs have been sold since then." Further, SBL sales have raised $500 million and over $300 million in cash payments.

Sunday, December 28, 2014

WITH HARBAUGH LEAVING FOR THE UNIVERSITY OF MICHIGAN.....

WHAT DOES IT MEAN FOR THE 49ERS AND LEVI'S STADIUM?

Jim Harbaugh leaving NFL 

to take over at Michigan, per reports


By  on Dec 28 2014, 12:58p 
Michigan has reportedly found its man to replace Brady Hoke. Former Wolverines quarterback Jim Harbaugh will be hired to lead his alma mater, according to Michigan author John U. Bacon, as the Wolverines were able to lure him away from the NFL and his contentious yet successful run with the San Francisco 49ers. This follows a report by Brian Cook of MGoBlog that set the likelihood of Harbaugh's return to Ann Arbor at 99 percent.

"Jim Harbaugh is coming to Michigan," Bacon tweeted Sunday night, "and his friends are flying in Monday."

Update, December 28: "Jim Harbaugh's family is flying to Ann Arbor Monday," FOX Sports' Bruce Feldman tweeted Sunday. "Harbaugh will be Wolverines new head coach." Multiple NFL reporters said earlier Sunday that the Raiders still hope to try for him.
He was reportedly offered a six-year, $48 million deal, which would make him the highest-paid college coach in the country if true.
Harbaugh was often touted as the dream hire for Michigan, due to his connections with the school and his success at every single coaching spot. In 2013, Harbaugh said Ann Arbor was his "favorite place to live," and his family and friends had reportedly been encouraging him to take the Michigan job. The Michigan community was also in support of hiring Harbaugh, as prominent names all spoke out in favor of the move.Other names floated around were LSU head coach Les Miles, former Rutgers/Tampa Bay Buccaneers head coach Greg Schiano, and Harbaugh's brother, Baltimore Ravens head coach John Harbaugh.

Harbaugh played from Michigan from 1983-86 under former head coach Bo Schembechler, setting the Division I-A career passing efficiency record and leading the Wolverines to a Fiesta Bowl victory and a Rose Bowl berth. After an NFL career that spanned more than a decade, Harbaugh spent time on his father Jack Harbaugh's staff at Western Kentucky University and was hired as the quarterbacks coach for the Oakland Raiders from 2002-03, including their run to Super Bowl XXVII.

Harbaugh earned his first head coaching opportunity at FCS San Diego in 2004, posting a 29-6 record in three seasons. He was hired as Stanford's head coach prior to 2007, building the much-aligned Cardinal program into a Pac-12 power in just four years. Stanford won eight games in 2009 and 12 in 2010, including an Orange Bowl victory, a new program standard of excellence since continued by current head coach David Shaw.

Harbaugh was hired by the 49ers prior to 2011, making the NFC Championship Game in each of his first three seasons with a Super Bowl berth in 2012. San Francisco is 7-8 this year, already a tenure-high loss total for Harbaugh. His stock remains high, however, as multiple NFL teams were reportedly hoping to hire him after his anticipated Niners exit.


Monday, December 22, 2014

WINNERS AND LOSER OF LEVI'S STADIUM..........................

WINNERS:

THE YORKS. HAVING MOVED TO A NEW STADIUM INCREASED THE NET WORTH OF THE 49ERS BY NEARLY $300 MILLION.




THE CITY & COUNTY OF SAN FRANCISCO. THEY WILL BE THE HOST CITY FOR SUPER BOWL L AND WILL RECEIVE THE LION SHARE OF REVENUES GENERATED FROM THE GAME WHILE NEVER HAVING TO SPEND A DIME OF TAXPAYER MONEY FOR LEVI'S STADIUM IN SANTA CLARA.



















THE LOSERS:  

THE TAXPAYERS FROM THE CITY OF SANTA CLARA. IT APPEARS LEVI'S STADIUM IS NOT GOING TO PROVIDE A FINANICAL BOON AND WILL LIKELY END UP LOSING MONEY. WILL CITY OFFICIALS SOON BE REQUESTING A BAILOUT?



THE 49ERS:

USUALLY A NEW STADIUM COMPELS THE TEAM TO PERFORM BETTER. THAT HASN'T BEEN THE CASE FOR THIS YEAR'S TEAM.








THE FANS:

TERRIBLE PARKING FACILITIES AND A STADIUM WHERE THE HEAT IS PRONE TO MAKE QUITE A FEW OF THE 49ERS  FAITHFUL BAKE IN THE SUN, WHILE PAYING HIGHER PRICES FOR EVERYTHING SOLD AT THE STADIUM.



THE RIVERMARK NEIGHBORHOOD OF SANTA CLARA:

MANY RESIDENTS HAVE COMPLAINED THEY FEEL LIKE HOSTAGES IN THEIR OWN NEIGHBORHOOD WHENEVER THERE IS AN EVENT AT LEVI'S STADIUM





Sunday, December 14, 2014

GONZO ! ! THE 49ERS ARE OUT OF PLAYOFF CONTENTION ! !

SO MUCH FOR THE THEORY A NEW STADIUM WOULD TURN THEM INTO INSTANT SUPERBOWL WINNERS.
NOW, WHAT ARE THE ODDS THEY'LL MAKE IT TO SUPERBOWL L IN SANTA CLARA WHEN THEY'RE HEAD COACH IS ON THE WAY OUT AND THE POSSIBILITY THAT QUITE A FEW PLAYERS WILL LEAVE VIA FREE AGENCY? I'D SAY THE CHANCES ARE VERY SLIM.