Quote:
Originally Posted by Roughneck
TQL was roughly a third funded by public funds, but most notably it was the city that took on the entirety of the $250M worth of bonds to fund the construction which are to be paid back via FC Cincinatti's lease payments as the stadium operator until they own it and the land it is on after the 45-year lease it up (because they're leasing, and don't own, there's no property taxes they need to worry about for those 45 years). Geodis Park is a similar deal. City takes on the bonds, team gets to use lease payments as paying for it's portion of construction. This is basically how the Flames and Oilers portions of their arena deals are structured. City takes on construction debt and is repaid via lease payments.
Lower.com had about $100M of public funds (also only charge the Crew $10/year to lease it, and paid $50M to convert the old stadium into a training facility which is nice of them)
Audi Field differs because some sources don't count 'buying the land and prepping it for the stadium' but the cost was $400-450M and DC United put up $150M, so do with that what you will. They're now asking for public money to put a roof on the stadium.
$200M of Mercedes Benz is funded by the hotel tax, and another $50M in donated land and forefeited sales taxes.
tl;dr: AI Slop is sloppy.
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Thanks for taking the time to respond, I learned a lot and I'm reading about each stadium deal now.