turducken
Posts:359
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| 02/27/2008 5:14 PM |
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Fellas did you hear the ZOO DONORS are gonna save the day and make up a large chunk of private funding?!?!?
So when there's a property tax spike to cover revenue shortcomings (aka unrealistic projections) in 2012 we have a scapegoat!! Brilliant!!! |
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Fergie
Posts:377
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| 02/27/2008 5:16 PM |
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I'd say some of you are undeniably paranoid and untrusting souls from the word go.
Ole ye of little or no faith! |
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IrememberDukester
Posts:1720
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| 02/27/2008 8:02 PM |
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$127 mil, does anyone honestly think the price tag won't jump another 20 mil before this is completed.
If memory serves correct the Qwest was a huge victim of cost overruns.
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Omahan
Posts:2909
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| 02/27/2008 9:26 PM |
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| Dukie's version of "Flip this stadium." |
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Bugeater
Posts:971
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| 02/27/2008 10:06 PM |
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Posted By Crit40 on 02/27/2008 3:52 PM
Is the City taking over the Keno regardless of this stadium deal?
It doesn't appear so, Fahey is terminating the current agreement in order to help pay for the stadium. Motherf*ckers just jacked up my valuation $25K last year to the tune of $400 more per year in property taxes, and it sounds like I'm going to get hit again because of this.
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egami
Posts:4990
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| 02/28/2008 11:38 AM |
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Anyone see the capacity for the new stadium? I didn't see that on the website.
My biggest question on the new stadium would be how they arrived at a $37.6M for stadium revenue. |
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Posted By Omahan on 06/16/2008 12:28 PM
I am actually desperate today.
Posted By Omahan on 06/16/2008 12:47 PM
They say...people will resort to saying things they know aren't true when they are desperate.
Posted By Omahan on 07/18/2008 1:47 PM
And you have on cue demonstrated what I have hallucinated from day one in regards to you.
Posted by Omahan on 07/23/2008 10:25 AM
I actually created Fergie in part to attack you Crit without you knowing it was me. Some of your takes were so lame that I almost came at you as myself a few time... |
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Crit40
Posts:2216
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| 02/28/2008 12:45 PM |
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Additionally, it referenced tenants as the college world series, the Omaha Royals and Creighton. Has Creighton committed to play their home games at this facility, or is that just an assumption?
I'm guessing the lease with the NCAA, lease with Creighton and lease with the Royals would be the revenue sources, but $37.6MM seems a tad bit high, doesn't it? Or does the City of Omaha get a percentage of the gate revenues from the College World Series? |
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Counting the Herd one hoof at a time. |
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Bugeater
Posts:971
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| 02/28/2008 12:50 PM |
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| I don't know an exact number, but I think capacity is supposed to be around 20,000. As far as how they arrived at ANY of the numbers, who the hell knows. IMO it's all smoke and mirrors so it hardly matters. |
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egami
Posts:4990
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| 02/28/2008 12:51 PM |
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I was assuming the $37.6M included those tenants along with projected revenue from concerts and other functions as well as parking and vendor revenues.
Does Creighton play in Rosenblatt now? Maybe they are using the tenancy numbers from that contract. |
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Posted By Omahan on 06/16/2008 12:28 PM
I am actually desperate today.
Posted By Omahan on 06/16/2008 12:47 PM
They say...people will resort to saying things they know aren't true when they are desperate.
Posted By Omahan on 07/18/2008 1:47 PM
And you have on cue demonstrated what I have hallucinated from day one in regards to you.
Posted by Omahan on 07/23/2008 10:25 AM
I actually created Fergie in part to attack you Crit without you knowing it was me. Some of your takes were so lame that I almost came at you as myself a few time... |
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Bugeater
Posts:971
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| 02/28/2008 12:53 PM |
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Posted By Crit40 on 02/28/2008 12:45 PM
Additionally, it referenced tenants as the college world series, the Omaha Royals and Creighton. Has Creighton committed to play their home games at this facility, or is that just an assumption?
I'm guessing the lease with the NCAA, lease with Creighton and lease with the Royals would be the revenue sources, but $37.6MM seems a tad bit high, doesn't it? Or does the City of Omaha get a percentage of the gate revenues from the College World Series?
Again, who the hell knows. When Alan Stein was on the four digit station he said the Royals would consider playing there, but there would have to be major concessions if they are supposed to move out for the CWS again. I translated that as: we're not paying the going rate for it. |
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Crit40
Posts:2216
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| 02/28/2008 12:56 PM |
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Here are the figures provided:
Premium Seating $16.4MM
Naming Rights Avertising $ 8.9MM
Seat Tax $ 4.6MM
Parking $ 3.4MM
Miscellaneous $ 7.1MM
Tenant Contribution to be determined
Expenses <$4.7MM>
Creigh'un does not currently play there....they have their own field. |
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Counting the Herd one hoof at a time. |
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Bugeater
Posts:971
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| 02/28/2008 12:57 PM |
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Posted By egami on 02/28/2008 12:51 PM
I was assuming the $37.6M included those tenants along with projected revenue from concerts and other functions as well as parking and vendor revenues.
Does Creighton play in Rosenblatt now? Maybe they are using the tenancy numbers from that contract.
CU usually plays a series with Nebraska once a year at the 'blatt, but other than that they play on a converted parking lot on campus. I heard the committee figured CU playing 20 games a year at the new stadium, but I have no idea where they got that from because there has been no official word from CU. |
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egami
Posts:4990
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| 02/28/2008 12:59 PM |
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Posted By Crit40 on 02/28/2008 12:56 PM
Here are the figures provided:
Premium Seating $16.4MM
Naming Rights Avertising $ 8.9MM
Seat Tax $ 4.6MM
Parking $ 3.4MM
Miscellaneous $ 7.1MM
Tenant Contribution to be determined
Expenses <$4.7MM>
Creigh'un does not currently play there....they have their own field.
Ok, so they aren't even taking tenancy dollars into account. That is a fair breakdown. |
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Posted By Omahan on 06/16/2008 12:28 PM
I am actually desperate today.
Posted By Omahan on 06/16/2008 12:47 PM
They say...people will resort to saying things they know aren't true when they are desperate.
Posted By Omahan on 07/18/2008 1:47 PM
And you have on cue demonstrated what I have hallucinated from day one in regards to you.
Posted by Omahan on 07/23/2008 10:25 AM
I actually created Fergie in part to attack you Crit without you knowing it was me. Some of your takes were so lame that I almost came at you as myself a few time... |
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Crit40
Posts:2216
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| 02/28/2008 1:08 PM |
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| Considering a 6 year historical P&L of Operations shows an average of $700,000 in the red, those figures might be a little optimistic. |
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Counting the Herd one hoof at a time. |
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egami
Posts:4990
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| 02/28/2008 1:10 PM |
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| Freakin' nerded out there on us... |
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Posted By Omahan on 06/16/2008 12:28 PM
I am actually desperate today.
Posted By Omahan on 06/16/2008 12:47 PM
They say...people will resort to saying things they know aren't true when they are desperate.
Posted By Omahan on 07/18/2008 1:47 PM
And you have on cue demonstrated what I have hallucinated from day one in regards to you.
Posted by Omahan on 07/23/2008 10:25 AM
I actually created Fergie in part to attack you Crit without you knowing it was me. Some of your takes were so lame that I almost came at you as myself a few time... |
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Crit40
Posts:2216
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| 02/28/2008 1:14 PM |
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Gross receipts average $650,000, so it appears the cost to those who want to attend games will sky-rocket.......if in fact tax payers aren't expected to front the bill.
It's what I do, Midge.
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Counting the Herd one hoof at a time. |
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egami
Posts:4990
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| 02/28/2008 1:19 PM |
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Should've known you were a bean counter...  |
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Posted By Omahan on 06/16/2008 12:28 PM
I am actually desperate today.
Posted By Omahan on 06/16/2008 12:47 PM
They say...people will resort to saying things they know aren't true when they are desperate.
Posted By Omahan on 07/18/2008 1:47 PM
And you have on cue demonstrated what I have hallucinated from day one in regards to you.
Posted by Omahan on 07/23/2008 10:25 AM
I actually created Fergie in part to attack you Crit without you knowing it was me. Some of your takes were so lame that I almost came at you as myself a few time... |
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Bugeater
Posts:971
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| 02/28/2008 1:30 PM |
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Posted By Crit40 on 02/28/2008 1:14 PM
so it appears the cost to those who want to attend games will sky-rocket.......
Gee, didn't I say something to that effect during one of my previous meltdowns regarding this?
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Crit40
Posts:2216
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| 02/28/2008 1:40 PM |
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Yes Bugs, you are the real bean counter. You made reference that the affordability of the events at the Qwest was unreasonable and it appears that this deal will have the same issues. A $35.7MM swing in net profit is quite a dramatic change, even with new ammenities and a nicer atmosphere. I've seen a lot of business plans in my day, but those kinds of projections above actual historical trends seems a little far fetched.
It would be interesting to see a detailed break-down of anticipated ticket sales, prices, etc. Granted the projections are assuming Creigh'un is on board to play all their home games there, and some stupid local business is going to pay $9MM a year to have their name on the thing (unrealistic), but still.
I'm with you Bugs, this looks like they just slapped some stuff together in hopes that it sticks with the public. |
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Counting the Herd one hoof at a time. |
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egami
Posts:4990
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| 02/28/2008 1:45 PM |
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| They could always raise property taxes... |
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Posted By Omahan on 06/16/2008 12:28 PM
I am actually desperate today.
Posted By Omahan on 06/16/2008 12:47 PM
They say...people will resort to saying things they know aren't true when they are desperate.
Posted By Omahan on 07/18/2008 1:47 PM
And you have on cue demonstrated what I have hallucinated from day one in regards to you.
Posted by Omahan on 07/23/2008 10:25 AM
I actually created Fergie in part to attack you Crit without you knowing it was me. Some of your takes were so lame that I almost came at you as myself a few time... |
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