ArmyBengal Posted April 4 Report Share Posted April 4 4 hours ago, HoosierCat said: I’d happily cash out now if I could afford a new place anywhere north of (checks notes) Mexico. Dont know what your current interest rate is, but with it being between 6%-7%, it makes it harder. Couple that with the cost of homes continuing to go up and downsizing won’t save much if any. I got into my new home in the middle of COVID and am carrying a 2.95%. Nope, not moving any time soon. 2 Quote Link to comment Share on other sites More sharing options...
TJJackson Posted April 4 Report Share Posted April 4 Hoosier, you need to stay in Indiana to resolve all of these mysteries 10 Indiana Cryptids: Appearance, Behavior, and Location (msn.com) Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted April 8 Report Share Posted April 8 Some interesting stuff from the WaPo today on the looming stadium building boom (gift link): https://wapo.st/4aIOLnw Quote Link to comment Share on other sites More sharing options...
AMPHAR Posted April 8 Report Share Posted April 8 Quote So why do local officials keep shoveling out money for new stadiums and arenas? Simple. It is not their money, period. When the winds of positive political momentum come about they'll jump at the chance to play power broker of a large pot of money and play city planner. Create some bullshit "stadium authority" with several well paid government jobs that produce nothing. Quote The reality is that money spent on sports doesn’t come out of thin air. It is money that fans might have spent elsewhere. Well NO shit. That is the case in everything. Wealth is not created or destroyed it is transferred, period. In the case of Cincinnati, its always easy to create the regional financial impact because mostly the Reds draw from several "other" pools of money outside of Hamilton county. Quote Link to comment Share on other sites More sharing options...
ArmyBengal Posted April 8 Report Share Posted April 8 My vote to provide public funding can be purchased by those who want it. If a portion of my property taxes are to go into building a new stadium, I want season tickets for the first 5 years free of charge, and not some obscured view shit either. Lower bowl, sidelines, limit two tickets. After that time, I will never pay more than half of whatever the going rate is for a face value ticket for any event held at the new stadium. Again, limit two tickets. EDIT -- 50% off concessions as well for the duration. This offer would only be for residents of Hamilton County capable of voting, so no one under 18. Sign in with a valid ID, vote "YES", and opt into your tickets. Any "NO" vote would not be eligible for the tickets should the measure pass. That's my offer Hamilton County. Outside of that, they can suck my ass. Quote Link to comment Share on other sites More sharing options...
COB Posted April 8 Report Share Posted April 8 I was under the impression that the days of handing these multi-billion dollar entities a taxpayer funded stadium were over. Makes no sense. Quote Link to comment Share on other sites More sharing options...
ArmyBengal Posted April 9 Report Share Posted April 9 No sense at all. Quote Link to comment Share on other sites More sharing options...
AMPHAR Posted April 9 Report Share Posted April 9 15 hours ago, COB said: I was under the impression that the days of handing these multi-billion dollar entities a taxpayer funded stadium were over. Makes no sense. Never. Its not their money. As soon as they feel they won't lose their job over it they'll jump at the chance of playing power broker. As far as Hamilton County. "Making Sense" is in the eye of the beholder since its a Public venture and there's not Return On Investment to measure for share holders. Look at the riverfront today vs. 1995. What they did made a lot of sense. The riverfront is a huge draw. Building that new riverfront was a headache in the early days but its something that ended up on the right side. Its not even completed. Hamilton County can't afford to not go forward with a major draw. Same with the Reds. Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted April 24 Report Share Posted April 24 Some nuggets from this latest piece: https://www.cincinnati.com/story/news/politics/2024/04/23/lease-negotiations-continue-between-hamilton-county-and-the-bengals/73330479007/ Quote The Enquirer in January asked for communications between the Bengals and Hamilton County to see the progress on the negotiations expected to start this year. The county responded to The Enquirer's request April 8. The exchange showed the Bengals growing frustrated with the county this past summer after the team had made several proposals to the county for lease extensions. Heh. Maybe it’s not them, Bengals. Maybe it’s you. Apparently Katie is concerned that there is no “political will” for a deal. But let’s look at what the Bengals want. Quote Blackburn proposed the county commit $150 million in improvements and repairs to the stadium by the end of 2024 and $150 million by the end of 2025. The Bengals would kick in $50 million. Oh, so just $300 million this year and next. Gee, I wonder why things are stalled… And all that buys the county is a five year lease extension so the Bengals can shake them down again. Quote Link to comment Share on other sites More sharing options...
AMPHAR Posted April 24 Report Share Posted April 24 2 hours ago, HoosierCat said: Some nuggets from this latest piece: https://www.cincinnati.com/story/news/politics/2024/04/23/lease-negotiations-continue-between-hamilton-county-and-the-bengals/73330479007/ Heh. Maybe it’s not them, Bengals. Maybe it’s you. Apparently Katie is concerned that there is no “political will” for a deal. But let’s look at what the Bengals want. Oh, so just $300 million this year and next. Gee, I wonder why things are stalled… And all that buys the county is a five year lease extension so the Bengals can shake them down again. I don't think that means cash flow. The article states the stadium needs $493 maintenance and upgrades over the next 20 years. So I think the Bengals want the capital plan for $300m of that spending with a contractual commitment they'll kick in $50m and 5 years. 1 Quote Link to comment Share on other sites More sharing options...
ArmyBengal Posted April 25 Report Share Posted April 25 No to public funding. We are already taxed too much. I will simply watch other teams on Sunday. I will stand willingly and smile as I wave goodbye... 1 Quote Link to comment Share on other sites More sharing options...
AMPHAR Posted April 25 Report Share Posted April 25 13 hours ago, ArmyBengal said: No to public funding. We are already taxed too much. I will simply watch other teams on Sunday. I will stand willingly and smile as I wave goodbye... Shortsighted and the county playing hard or "fake" hardball is only going to back them into a corner. There are not leaders on that county board. The Bengals put pressure on the county starting in 1988 for ultimately became Paul Brown. They laughed nobody would watch the Jacksonville Bengals. They pushed it off and pushed it off. 1993 they had a deal then Marge Schott shot it down because she didn't see the value in Baseball having club seats or something stupid. They never believed Baltimore would want the shitty Bengals. Then bam the Browns moved to Baltimore. Fast forward. How did that riverfront come about? Working men and women? Slave labor? Did they steal the materials or machinery? No. That was funded via debt. That debt remains whether the Bengals play in Hamilton County or not. The already approved sales tax and that remains whether the Bengals play there or not. The county has no choice but to get a deal done. Its a financial disaster if they don't. No retail tenant can survive the rent without those dates because the rent is high to cover the debt. Any replacement tenant for Paycor is going to require renovations because that's what it needs. Just get it done because anyone with common sense knows it has to get done and save the bullshit political grandstanding for more important things like racism. Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted May 1 Report Share Posted May 1 So they are keeping the B on the 50 yard line because it looks good on tv from a distance. https://www.bengals.com/news/updates-on-2024-paycor-stadium-renovation-projects Quote Link to comment Share on other sites More sharing options...
Stripes Posted May 1 Report Share Posted May 1 Poop. Stupid ass B. Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted May 2 Report Share Posted May 2 So a bit of news from my neck of the woods on the Bears' ongoing efforts to get a new stadium. Quote The Chicago Bears' proposal to fund a new lakefront stadium remains a "nonstarter," Illinois Gov. J.B. Pritzker's office said after top aides met with team officials on Wednesday. The Bears unveiled a nearly $5 billion plan calling for public funding last week for an enclosed facility to be built next to their longtime home at Soldier Field. Though the governor did not rule out more discussions, the team clearly is facing an uphill battle. https://www.espn.com/nfl/story/_/id/40066053/bears-new-stadium-proposal-nonstarter The proposed stadium would need (at least) $900 million in public funds. Allegedly this would come from an existing hotel tax and not require new taxes. But what caught my attention was that the Bears are offering up more than $2 billion of their own money for the facility. Now, I get that the Bengals are not the Bears. Per Forbes last valuation numbers, Chicago was the fifth-most-valuable franchise, versus the Bengals at No. 32. But that chasm looks a lot closer in raw numbers: $556 million in revenue and $203 in operating income for Chicago versus $498 million/$104 million for Cincinnati. https://www.forbes.com/lists/nfl-valuations/?sh=5de79f6d1738 Looking at that, it's tough to argue that the Bengals couldn't handle every cent of the necessary stadium work themselves. Quote Link to comment Share on other sites More sharing options...
ArmyBengal Posted May 2 Report Share Posted May 2 Again, while understanding everything impacted by the Bengals being here, I don't give a shit. No chance in hell I will be voting in favor of anything of that sort. Which brings me to my next question. Why is Hamilton County the only county expected to foot the bill somehow? Why not other counties? Why not State funds? Why not the Browns just fucking pay for it themselves? Again, it's a big NO from me. Don't care about the fall out. Bring it. Quote Link to comment Share on other sites More sharing options...
AMPHAR Posted May 2 Report Share Posted May 2 Taylor Swift provided an estimate of $98M. When the NFLPA sends out their annual team bashing propaganda, members on this board want the Bengals to start a daycare. NFLPA once proclaimed locking their players out cost an NFL city 3,000 jobs and $160m annual impact. Now who's numbers are real? I don't know. I constantly lose count at 10. But sure, if you argue from a standpoint that Hamilton County only gets "tax burden" or budget problems from the Bengals then sure its hard to argue against the Bengals not paying for stadium work. Its easy to argue Kenton county residents or whoever should pay. But that viewpoint is biased. The same questions were asked over and over in 1990s for years until rebirth of Riverfront happened. Hamilton County was less of a partner with the Bengals back then and it would have been easier to say goodbye. Modern day Hamilton County is tied to the Bengals. Might as well face that reality and work to bring in a better solution that is as success like what was done to that riverfront. Hamilton County tax payers and leaders want to cry poor they'll just back themselves into a half ass solution that kicks the can down the road. Get over it. They need Bengals to stay. Tie the improvement to a new convention center or something and maybe they can cut into advantage Indy has over them. This is the same tired crap people argued about before the Rebirth of the Riverfront. The only difference today is Hamilton County now has debt service for that development and the only way out is to bring people to Hamilton County to spend their money. Quote Link to comment Share on other sites More sharing options...
ArmyBengal Posted May 2 Report Share Posted May 2 Don't care. I'm not getting over shit. It's a no. It will get voted for, but when you have a team worth multiple billions, taxpayers shouldn't be on the hook. Should have built a damn dome. I prefer the outdoor games, but a domed stadium vs. what we currently have is night and day. No draft, no possible traveling combine (which is coming), no basketball tournaments, less concerts, less everything. Get rid of whatever they call the Coliseum these days. They will be asking for another $12m in public funds as well. If there is going to be talk about how to put money into the city and actually build the wealth, why not build something that will help achieve that. Open air stadiums will be a thing of the past in decades to come. Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted May 2 Report Share Posted May 2 Yeah, PBS definitely should have been a covered field. I remember arguing for that decades ago. But no way an all-new dome gets done now, the cost would be, well, look at the Bears. Quote Link to comment Share on other sites More sharing options...
COB Posted May 2 Report Share Posted May 2 “Socialize the overhead, privatize the profits.” - Brown Blackburn Megacorp 1 Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted May 2 Report Share Posted May 2 3 hours ago, COB said: “Socialize the overhead, privatize the profits.” - Brown Blackburn Megacorp I understand that in order to free up cash for the stadium the BBM has an idea to reduce public safety costs. 1 Quote Link to comment Share on other sites More sharing options...
TJJackson Posted May 2 Report Share Posted May 2 this is the logo I wanted at midfield 2 Quote Link to comment Share on other sites More sharing options...
COB Posted May 3 Report Share Posted May 3 Draft ED 209, new starting LT for two decades. 1 Quote Link to comment Share on other sites More sharing options...
HoosierCat Posted June 26 Report Share Posted June 26 Stadium upgrade deal drops in Jax: Quote The Jacksonville City Council voted 14-1 Tuesday night to approve an agreement between the Jaguars and the city on a $1.4 billion renovation of EverBank Stadium. The Jaguars and the city have agreed to each contribute $625 million to the renovation, but the city also has agreed to pay $150 million over the next two seasons on maintenance and repairs to prepare the stadium for construction. That means the city will be responsible for 55% of the total cost. Notable given that the Jags are down at the bottom of the revenue and profit lists with the Bengals, yet somehow have a spare $625 million laying around. Quote Link to comment Share on other sites More sharing options...
ArmyBengal Posted June 26 Report Share Posted June 26 The Panthers just got an assload of community funds as well. I get it and all. Just don’t like it. Quote Link to comment Share on other sites More sharing options...
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