From: Jeremy Wieland <[EMAIL PROTECTED]> Subject: [Mpls] New Yankee Stadium
Jeremy wrote: Don't know if anyone was following the news this week. Just got back from New York and the headlines there? Steinbrenner to lay out $800 million out of pocket for a new baseball stadium. I would love to know how that works for George, but not for Carl. Dean Here: Jeez, give me a break! How about a metropolitan area of over 15 million? How about the premier sports franchise in the world, of which countless of sponsors would love to be part of? How about a Cable TV, basic TV, and radio rights deal that brings enough $$$ to support a $200 million payroll? How about the fact that the Yankees can write off the stadium debt thus significantly lowering what the team pays in luxery tax to support low revenue teams like the Twins? Given all those advantages and the City of New York is still throwing in $250 million of public $$$ into the project. Also I'm surprised no one mentioned today's Strib article on the new Cardinals stadium. A couple of things I wish the article had mentioned: 1. St. Louis also has a huge Cable TV/Radio rights deal that brings in millions more per year than the Twins could ever hope to garner. 2. The Cardinals own a lot of the development rights around the new ballpark, with potential to develop thousands of square feet of new commercial and residential units. The development rights in itself will more than pay for any stadium costs. Dean E. Carlson Ward 10, East Harriet REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
