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Fitbud Offline
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Post: #31
RE: Baseball Stadium Costs
(06-01-2013 12:52 AM)mistabinks Wrote:  
(05-31-2013 11:42 PM)Fitbud Wrote:  
(05-31-2013 04:30 PM)mistabinks Wrote:  Or most progressive Cities know MiLB is vital to booming downtown and quality of life. Apple to apple.

And you would be incorrect. Even the Brookings Institute has released reports that show that sports stadiums in downtown cities do not have any significant economic impact.

In our forthcoming Brookings book, Sports, Jobs, and Taxes, we and 15 collaborators examine the local economic development argument from all angles: case studies of the effect of specific facilities, as well as comparisons among cities and even neighborhoods that have and have not sunk hundreds of millions of dollars into sports development. In every case, the conclusions are the same. A new sports facility has an extremely small (perhaps even negative) effect on overall economic activity and employment. No recent facility appears to have earned anything approaching a reasonable return on investment. No recent facility has been self-financing in terms of its impact on net tax revenues. Regardless of whether the unit of analysis is a local neighborhood, a city, or an entire metropolitan area, the economic benefits of sports facilities are de minimus.

http://www.brookings.edu/research/articl...taxes-noll

Well, we have been through this before. The naysayers cling to that study as I have seen it on a few other forums as well.

Sometimes you just have to take a step back and look at the sources. Myself, I don't think a baseball stadium on it's own is going to revitalize any downtown. So you can take a study, like the above, and crunch the very specific numbers.

Let's look at El Paso for example. The City is going to own the stadium. MountainStar is going to own the team. A lot of naysayers are fundamentally wrong when they start preaching numbers. The City is not going to get 52 million dollars back from baseball. So in number form, you can say this is a money loser. The stadium could be sold out every single night and it wouldn't benefit "the City" because MountainStar owns the team and keeps the profits (which they will be donating).

It is about the things the very specific numbers don't show. But we have already talked about this before.

Yes, we have been over this before. There's the brooking institute and countless other studies. And then their's your theory.

Hey but don't let the facts distract you from that. LOL
06-01-2013 10:10 AM
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Fitbud Offline
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Post: #32
RE: Latest on stadium
Her is her actual quote along with an interesting bit of information on the construction cost.

"I'll be damned if we don't deliver the project we promised to the community," Niland said. "And we are not going
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to do it for a penny more."
The City Council voted 5 to 3 to sell $52.8 million in bonds to finance the Triple-A baseball stadium now under construction. City Reps. Emma Acosta, Eddie Holguin and Carl Robinson voting against it.
From the approved bonds, $10 million will pay for the ballpark design and pre-construction costs and $40 million will go toward construction as originally planned. Another $1.8 million will pay the cost for the sale of the bonds and $1 million will go toward public art as is required by city ordinance for capital projects.
06-01-2013 10:19 AM
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mistabinks Offline
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Post: #33
RE: Latest on stadium
There you go. You just posted information that supports what I have been saying all along. I am assuming you realize that.
06-01-2013 11:12 AM
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mistabinks Offline
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Post: #34
RE: Baseball Stadium Costs
(06-01-2013 10:10 AM)Fitbud Wrote:  Yes, we have been over this before. There's the brooking institute and countless other studies. And then their's your theory.

Hey but don't let the facts distract you from that. LOL

Has it come to this? Flailing? Massive exaggeration? Seeing what sticks?

Countless studies? You do know what countless indicates? How about maybe a handful more?

Crying about me wanting you to support your claims. Crying that opinions can't be sourced? You have your right to your opinion. It is your claims that I expect you to be able to support. Everytime you actually post real info, you end up supporting my case.

Some people say stadiums rejuvenate downtowns. Others say they don't. Neither warrants a "don't let the facts distract you" type response. They are both studies/opinions and neither can be labeled as a fact.

I get on your case because your details are always lacking. Too many "they said," "they lied," "most El Pasoans." That is why your posts are so easy to shred and prove inaccurate. Like I said, you have your value as you keep the board lively. You are better than this post though. This post was the equivalent of a Lebron James flop.
06-01-2013 11:21 AM
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Fitbud Offline
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Post: #35
RE: Baseball Stadium Costs
Okay fine. Maybe it's only a hand full of studies.

Regardless, it's a hand full of studies vs. your theory.

Do you really think your theory measured up to those studies?
06-01-2013 03:15 PM
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Fitbud Offline
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Post: #36
RE: Latest on stadium
Mistabinks

If nothing has changed. Why is city council so upset?
06-01-2013 03:17 PM
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mistabinks Offline
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Post: #37
RE: Baseball Stadium Costs
I'm humbled. It's not 'my theory' though. I haven't presented any theories. I've simply kept up with the facts of the stadium and remained optimistic.
06-01-2013 06:20 PM
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mistabinks Offline
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Post: #38
RE: Latest on stadium
Some on council were upset because the city planner and the project manager wanted 5 additional million for contingency spending.
06-01-2013 06:22 PM
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Fitbud Offline
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Post: #39
RE: Latest on stadium
(06-01-2013 06:22 PM)mistabinks Wrote:  Some on council were upset because the city planner and the project manager wanted 5 additional million for contingency spending.

So what do you think the project is going to leave out of the stadium?
06-02-2013 11:50 AM
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Fitbud Offline
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Post: #40
RE: Baseball Stadium Costs
I'm sure the stadium will do well and attendance will be good for a while. However, as with Cohen Stadium. I don't see it being a long term success.
06-02-2013 11:51 AM
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