Tepper Wants a Retractable Dome Stadium

[Devil Doc]

I say, put in a bid for the Superbowl, then if we win the bid, build the retractable roof with the ticket proceeds. Winning. 

[LinvilleGorge]

5 minutes ago, Woodman80 said:

Love it!  Let us know how your neighbors react

Much to my dismay, the preliminary calls were not promising. In fact, I was told by virtually everyone to go fug myself. I'm shocked that my neighbors fail to comprehend this amazing investment opportunity that I have so graciously offered them.

 

[Waldo]

I'm good with tax incentives but not money on the table. That is just the line for me. I'm happy to encourage a business to do business by giving them a tax incentive but actually producing money without an ownership purchase or loan is just not something I could support.

[panthers55]

22 minutes ago, Woodman80 said:

Why would it matter?

Jets/Giants stadium held a Super Bowl in an open air stadium.

If Tepper wants a new stadium he should just go ahead and build it with his own money.  Jets/Giants built their new stadium without any public funding.

They built it with PSLs. Since BOA was built the same way and Tepper is wanting to move 2 years after a major renovation and current PSL owners are out of luck, I doubt he finds 65000 other folks to buy PSLs again.

[blackcat]

Well, Tepper will have plenty of land in RH to put the new stadium.  Thanks NC.

[NanuqoftheNorth]

Quote

A little-known tweak to IRS rules in 2004 has allowed new owners to write off nearly all of the purchase price of their teams against profits over 15 years.

https://nypost.com/2017/10/11/nfl-owners-have-made-millions-off-obscure-tax-break/

Quote

billions of taxpayer dollars continue to subsidize the construction and renovation of professional sports stadiums

And

Quote

Brookings Institution took a closer look at these numbers in a 2016 study and estimated that over a 15-year period since 2000, the federal government lost a potential tax revenue of $1.11 billion on bonds issued by local governments to finance NFL stadiums.

And

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researchers found that sports stadium financing is costing the federal government only 25 percent, on average, of what it’s costing the local governments who are issuing the bonds

https://www.politifact.com/truth-o-meter/statements/2017/oct/12/donald-trump/nfl-getting-massive-tax-breaks-donald-trump-said/

[Lumps]

I love when people get mad at things like this. Do you guys have ANY clue what your taxes are currently going towards? 

A new stadium is very VERY far down on that list of things you pay for to get mad about.

In fact, in comparison to the bullshit I’m already paying for with my taxes, a stadium for my favorite team is a good thing.

[NanuqoftheNorth]

17 minutes ago, Woodman80 said:

If Tepper wants it, he should pay for it. 

This.

[Billy Love]

26 minutes ago, Woodman80 said:

 

In addition, it weakens his hand for negotiating for public funding for a new stadium.  Rare misstep for a guy like Tepper.

I disagree. I think the current facility currently under construction in RH is ALL Tepper advantage. It tells Charlotte I’m willing to move it ALL to RH without saying a word. Well played Mr. Tepper.

[Mage]

1 hour ago, LinvilleGorge said:

The cost per person trap is a dangerous one. It would be a big overall number but low per person. It's not how much it would cost per person but what else those funds could be used for to better serve the community. Even if it's just an added hotel tax that wouldn't directly impact Charlotte tax payers, that's still tax revenue that could potentially be spent elsewhere. What is to the greater overall community benefit? I don't see how it's a new stadium.

Gotcha!

Do you think it's possible stadiums, while not directly impacting the economy, could have enough positive indirect impact elsewhere to make it worth it?  For example, if the difference was the Panthers staying in the Carolinas or leaving, would the value of having them here make it worth it even if it doesn't necessarily turn into a profit?

I agree with you that a stadium (by far) doesn't provide the greatest overall benefit, but I think it's possible it provides enough positive benefits that outweigh a potential or likely loss financially.  Especially a dome.  

[RumHam]

5 hours ago, MikeD83 said:

He has leverage now in SC. If the city and state won't assist in getting a new stadium built uptown, you can bet on one in SC.

All of this will eventually happen. The land will be cheaper in SC than NC. He'll get public money from SC. He'll also threaten to move to St. Louis. This is where all the good charm you've enjoyed begins to wear off.

[Carl Spackler]

43 minutes ago, Lumps said:

I love when people get mad at things like this. Do you guys have ANY clue what your taxes are currently going towards? 

A new stadium is very VERY far down on that list of things you pay for to get mad about.

In fact, in comparison to the bullshit I’m already paying for with my taxes, a stadium for my favorite team is a good thing.

Absolutely. Half the commenters here probably didn't read the article. It's always easy to bitch and whine while ignoring what an investment this is and ignoring the tangible returns we receive.

[Carl Spackler]

Dumbass local government be like "but we need new parks, new parks are what will set us apart as Capital of the New South"

[LinvilleGorge]

4 minutes ago, Carl Spackler said:

Absolutely. Half the commenters here probably didn't read the article. It's always easy to bitch and whine while ignoring what an investment this is and ignoring the tangible returns we receive.

Post some sources that show these benefits. Others have posted sources that show the opposite.