New Stadium for the Redskins being planned . . .

[saden1]

Originally Posted by CRedskinsRule

I can't see it being a loss for the county, it may not be a huge gainer, but it probably is at least revenue neutral. No I haven't done any math, but if Stadiums were sinkholes, people wouldn't be clamoring to get them, as AT&T would say, it's not complicated.

I mean, I know the math can be complicated, and lots of variables come in to play, but really really bottom line, if PG County could point to FedEx and say that's where all the money is going, and try to get Dan Snyder to somehow pony up more money, there would be politicians out wazoo making that statement.

You kinda have to do the math to determine whether its a loss or neutral. The problem is politicians don't like to release numbers so we can do the math. I can also assure you that when FedEx Field was being built there were politicians who were screaming NO but there weren't enough of them.


Only an honest man can say "No!" to a sweetheart deal.

How the NFL Fleeces Taxpayers - Gregg Easterbrook - The Atlantic


My favorite...very creative...

In California, the City of Santa Clara broke ground on a $1.3 billion stadium for the 49ers. Officially, the deal includes $116 million in public funding, with private capital making up the rest. At least, that’s the way the deal was announced. A new government entity, the Santa Clara Stadium Authority, is borrowing $950 million, largely from a consortium led by Goldman Sachs, to provide the majority of the “private” financing. Who are the board members of the Santa Clara Stadium Authority? The members of the Santa Clara City Council. In effect, the city of Santa Clara is providing most of the “private” funding. Should something go wrong, taxpayers will likely take the hit.