rideaducati":255lopif said:Popeyejones":255lopif said:seahawk12thman":255lopif said:The Giants were able to get a stadium...
Golden State Warriors arena is being build in SF
Yeah impossible.
BTW I believe the NFL is trying to move two teams to LA, pretty sure they are going to build a new stadium.... in California.
I hope my reply isn't confused for taking you seriously, but FWIW:
*AT&T Park exists because it was entirely privately financed. It sits on 12.5 acres.
*The Warriors new stadium, if it ends up happening which is still up in the air, is also entirely privately financed. If it does happen the entire mixed-use space is being fit in 12 acres.
Compare that to Levi's which is the first semi-publicly financed to be built in California in my lifetime, and the mixed-use space consists of 22 acres for the stadium, 48 acres for additional parking, and 256 acres for the mixed-use development.*
As for citing the NFL trying to move two teams to LA as evidence for your argument, there's a reason why the NFL hasn't had a team in the second largest media market in the U.S. for over twenty years. There's a reason why there's still not a team there.
And just to insulate against bloviating about the role public financing plays, don't forget that your billionaire owner bilked Seattle for 75% of the cost of his football palace. CenturyLink has become a pretty popular case-study in academic work arguing against the practice of publicly financing professional sports stadiums, and a case-study of rent-seeking** in the economics literature.![]()
*and just to be clear, even on this board I've criticized the city of S.C. for publicly financing Levi's to draw the team there.
**from google: "rent-seeking is spending wealth on political lobbying to increase one's share of existing wealth without creating wealth."
At least Paul Allen paid SOME of his own money on the stadium. York didn't have any money to put into his.
Wait...let me see if I'm getting this straight.
Allen (one of the richest men on earth) puts a small % into the stadium and makes the public pay for 70% = Hero.
York (not nearly as independently wealthy) takes 10% public funding and works deals with the banks and several Bay Area company sponsorships (Levis, Brocade, Sony, SAP, NRG, Toyota, BNY Mellon) and NFL for the rest = Dumba$$ owner.
I see how this works.