Bugeater
Posts:971
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| 03/13/2008 3:51 PM |
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Where is the current Keno revenue going? What taxes are going to be implemented to offset those dollars that will get redirected to the build of the stadium.
The Keno money they are going to direct to the stadium is the $2M/yr they currently pay as a "bribe" to Douglas County to stay out of the Keno business as to avoid competition. It's going to be up to the county to replace that money, and I'll give you three guesses as to where it's going to come from, and the first two don't count.
What is the detail behind the "Other" costs not specified in their reports.
Who the hell knows.
What is the plan with Rosenblatt? Are they going to force the Royals out of there and into tenancy in the new park? Because whatever you do with Rosenblatt....keep it, destroy it or renovate it...there is revenue needed there that isn't being discussed.
Rosenblatt will be razed and the land will be sold to the zoo, and supposedly the proceeds from that sale will cover the current bonds on the stadium and demolition. The Royals are on their own to find a place to play, however they will be given an opportunity to negotiate a deal with the new stadium, but that's an iffy proposition at best right now. |
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egami
Posts:5397
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| 03/13/2008 3:52 PM |
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Posted By Bugeater on 03/13/2008 3:51 PM
Rosenblatt will be razed and the land will be sold to the zoo, and supposedly the proceeds from that sale will cover the current bonds on the stadium and demolition. The Royals are on their own to find a place to play, however they will be given an opportunity to negotiate a deal with the new stadium, but that's an iffy proposition at best right now.
That's interesting...because the $10M still owed on Rosenblatt shows up in the total toward the new park.
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Posted By Omahan on 11/04/2008 2:24 PM
I've worked very hard to become your friend egami. |
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Bugeater
Posts:971
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| 03/13/2008 3:54 PM |
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Posted By quiotu on 03/13/2008 3:06 PM
Oh, BTW. To the persona who wanted to read up on the 50 page impact report to how the CWS affects the city of Omaha. Here you go... peruse it all you want. I will probably skim it at some point.
http://216.58.247.194/sm_pdfs/cws_impactstudy.pdf
So you're essentially saying you have no idea what the impact will be. |
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Bugeater
Posts:971
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| 03/13/2008 3:57 PM |
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Posted By egami on 03/13/2008 3:52 PM Posted By Bugeater on 03/13/2008 3:51 PM
Rosenblatt will be razed and the land will be sold to the zoo, and supposedly the proceeds from that sale will cover the current bonds on the stadium and demolition. The Royals are on their own to find a place to play, however they will be given an opportunity to negotiate a deal with the new stadium, but that's an iffy proposition at best right now. That's interesting...because the $10M still owed on Rosenblatt shows up in the total toward the new park.
I'm not sure why it would be, it could be because they're erring on the side of caution since no deal has been finalized with the zoo. Hell the zoo has publicly stated in the past that they have no interest in the property and do not have the funds to purchase it even if they did. It's one of many contradictions in this whole deal. |
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Omahan
Posts:3699
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| 03/13/2008 3:57 PM |
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Posted By quiotu on 03/13/2008 3:06 PM
Oh, BTW. To the persona who wanted to read up on the 50 page impact report to how the CWS affects the city of Omaha. Here you go... peruse it all you want. I will probably skim it at some point.
http://216.58.247.194/sm_pdfs/cws_impactstudy.pdf
You read it....I don't even live in Omaha. I just like to debate and ruffle feathers and make a little sense at the same time.
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egami
Posts:5397
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| 03/13/2008 4:09 PM |
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Posted By Omahan on 03/13/2008 3:57 PM Posted By quiotu on 03/13/2008 3:06 PM
Oh, BTW. To the persona who wanted to read up on the 50 page impact report to how the CWS affects the city of Omaha. Here you go... peruse it all you want. I will probably skim it at some point.
http://216.58.247.194/sm_pdfs/cws_impactstudy.pdf You read it....I don't even live in Omaha. I just like to debate and ruffle feathers and make a little sense at the same time.
And he really doesn't care about facts in discussions, just how he is emotionally attached to the subject. |
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Posted By Omahan on 11/04/2008 2:24 PM
I've worked very hard to become your friend egami. |
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Crit40
Posts:2483
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| 03/13/2008 4:13 PM |
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I personally would like to believe that the powers that be want to keep it here because in the long term it makes it easier for them to balance budgets and taxes. The mayors and city councils have been approving renovations to keep the CWS for so long, and they're the ones that can visibly see the revenue that it draws in. I assume they wouldn't be keeping a 2 week show around that loses money in the end just because they like a challenge...
I think everyone would like to believe that city adminstrators have the tax payer's interests at heart, but I'm not so sure in this case. As far as making it easier for budgeting and taxes, as far as I can tell from the numbers, Rosenbladt has been operating in the red for a good number of years. Add to it, bond debt service, and I just find it difficult to believe that $1.8MM in sales tax revenue covers the historical $750,000 operating deficit and debt service. Now the city is talking about adding higher bond debt service, however their revenue projections show positive margins, which appears to be a bit optimistic, considering where they have been.
Yes, the $28MM in Keno revenue from the county positively impacts the City of Omaha, but conversely, it negatively impacts the county budget. So where does the county make up the difference? Hence the concern about property taxes increasing to account for the revenues of the county decreasing.
I'm with Midge on this one. I have gone to the CWS for the last 25 years only missing a year or two during that span, and the only impact it will have on me, will be higher ticket prices and the $20 I'll have to fork out for a soda and hotdog. The citizens of Douglas County definitley deserve to know how this will impact them.
Again, it boils down to fiscal responsibility and if Omaha and Douglas County continue their trend of raising property taxes to pay for things, eventually people and businesses move to a more tax friendly place. |
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Counting the Herd one hoof at a time. |
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Omahan
Posts:3699
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| 03/13/2008 7:27 PM |
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Tax friendly place?
Heaven?
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Crit40
Posts:2483
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| 03/13/2008 9:37 PM |
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And heaven too, but I think you know what I meant. There are many communities and cities all across this great nation trying to lure businesses to their city. They offer tax incentives through tax increment financing and other property tax incentives to give them an edge. Communities, counties and states that continuously raise property valuations, property taxes and state income taxes will ultimately canibalize opportunities to attract new business as well as retain old business.
With this whole stadium thing, I have heard a number of Omahan's suggest that if the taxes in their city continue to get even more out of line (Nebraska ranks as one of the highest tax states in the nation), they will consider moving across the mighty mo, to a state that is not so tax happy in their efforts to create economic development. |
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Counting the Herd one hoof at a time. |
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IrememberDukester
Posts:2404
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| 03/13/2008 10:02 PM |
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Posted By Omahan on 03/13/2008 7:27 PM
Tax friendly place?
Heaven?
People will come...They'll come to Iowa for reasons they can't even fathom. They'll turn up at your hotels not knowing for sure why they're doing it. They'll arrive at your door as innocent as children, longing for the past. Of course, we won't mind if you look around, you'll say. It's only $200 per person. They'll pass over the money without even thinking about it,for it's money they have and peace they lack. And they'll watch the game and it'll be as if they dipped themselves in magic waters. And the memories will be so thick they'll have to brush them away from their faces. People will come...People will most definitely come."
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quiotu
Posts:7
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| 03/14/2008 2:32 PM |
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Posted By Bugeater on 03/13/2008 3:54 PM Posted By quiotu on 03/13/2008 3:06 PM
Oh, BTW. To the persona who wanted to read up on the 50 page impact report to how the CWS affects the city of Omaha. Here you go... peruse it all you want. I will probably skim it at some point.
http://216.58.247.194/sm_pdfs/cws_impactstudy.pdf So you're essentially saying you have no idea what the impact will be.
Well gee, let me get into my time machine and journey to 10 years from now so I can get those numbers for you, sir.
At this point no one knows how much it will cost, how much will be paid by whom, and what the affect would be. You have a guestimate right now, and that's apparently not good enough.
The estimate isn't good enough, you don't trust what the mayor says, and you apparently want exact numbers for cost, upkeep, and revenue for a stadium that's only in 'potential plan' stage and not built yet. Why don't you ask for a unicorn that poops cupcakes while you're at it... |
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SeahawksSB42champs
Posts:1206
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| 03/14/2008 2:33 PM |
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Can it poop chocolate cupcakes??? With strawberry frosting???
And sprinkles...lots and lots of sprinkles... |
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Fergie
Posts:377
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| 03/14/2008 2:58 PM |
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Posted By SeahawksSB42champs on 03/14/2008 2:33 PM
Can it poop chocolate cupcakes??? With strawberry frosting???
And sprinkles...lots and lots of sprinkles...
Can you dive off the Morman Bridge and come back on here tomorrow with fun-filled originality such as the above again tomorrow.
I doubt it, prove me wrong?
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SeahawksSB42champs
Posts:1206
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| 03/14/2008 3:04 PM |
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When are you going to offer your first relevant post on this board?
And please, give me plenty of advance notice. I want to clear my schedule for it. A month's notice would be sufficient...it will certainly take that long for you to write it. |
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Bugeater
Posts:971
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| 03/14/2008 3:08 PM |
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Posted By quiotu on 03/14/2008 2:32 PM Posted By Bugeater on 03/13/2008 3:54 PM Posted By quiotu on 03/13/2008 3:06 PM
Oh, BTW. To the persona who wanted to read up on the 50 page impact report to how the CWS affects the city of Omaha. Here you go... peruse it all you want. I will probably skim it at some point.
http://216.58.247.194/sm_pdfs/cws_impactstudy.pdf So you're essentially saying you have no idea what the impact will be. Well gee, let me get into my time machine and journey to 10 years from now so I can get those numbers for you, sir. At this point no one knows how much it will cost, how much will be paid by whom, and what the affect would be. You have a guestimate right now, and that's apparently not good enough. The estimate isn't good enough, you don't trust what the mayor says, and you apparently want exact numbers for cost, upkeep, and revenue for a stadium that's only in 'potential plan' stage and not built yet. Why don't you ask for a unicorn that poops cupcakes while you're at it...
Exactly. You, or no one else has any idea. There's a potential risk involved, but yet all of you supporters seem to act like this is a no-brainer. You act like the city will be financially devastated if the CWS leaves, but in reality you have no idea whatsoever if that is true or not.
The phrase "talking out your ass" comes to mind. |
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Crit40
Posts:2483
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| 03/14/2008 3:13 PM |
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Bugs, I think the mentality of the whole thing is that they will just build it and whatever happens, happens. If it ends up taxes need to be raised, they'll raise 'em. But they can't lose that $1.8MM in tax revenue the event brings........that would be devastating to the local economy.
The Chamber gave their blessing. |
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Counting the Herd one hoof at a time. |
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SeahawksSB42champs
Posts:1206
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| 03/14/2008 3:15 PM |
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It's not a matter of numbers, Bugs...it comes down to whether or not the city fathers in Omaha want to call the NCAA's bluff: build a new stadium or we take the CWS somewhere else.
It's not a matter of making the numbers work. It's all about how lucky Fahey and the City Council feel about keeping the CWS here without a new stadium. Anybody involved who denies this is an even bigger lying sack of horesh*t than Dumbass Dwight is.
And considering D.D.'s track record here...that's a pretty damn big sack... |
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Bugeater
Posts:971
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| 03/14/2008 3:22 PM |
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Posted By Crit40 on 03/14/2008 3:13 PM
Bugs, I think the mentality of the whole thing is that they will just build it and whatever happens, happens. If it ends up taxes need to be raised, they'll raise 'em. But they can't lose that $1.8MM in tax revenue the event brings........that would be devastating to the local economy.
The Chamber gave their blessing.
Oh, I know it's going to get done, I just can't wrap my mind around the mentality many people have that it's a slam-dunk win for the city and the reaction some have when completely reasonable questions are asked. |
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Bugeater
Posts:971
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| 03/14/2008 3:29 PM |
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Posted By SeahawksSB42champs on 03/14/2008 3:15 PM
It's not a matter of numbers, Bugs...it comes down to whether or not the city fathers in Omaha want to call the NCAA's bluff: build a new stadium or we take the CWS somewhere else.
It's not a matter of making the numbers work. It's all about how lucky Fahey and the City Council feel about keeping the CWS here without a new stadium. Anybody involved who denies this is an even bigger lying sack of horesh*t than Dumbass Dwight is.
And considering D.D.'s track record here...that's a pretty damn big sack...
I don't doubt for a second that the NCAA will pack up and leave if we don't do it and they get a better offer. What gets me is no one wants to even discuss what the true financial impact will be if that happens vs the financial impact of us building the new stadium. They act like that simply isn't an option, and it's because of what Egami said many times, they're hung up on their sentimental attachment to the CWS and cannot think rationally on the subject. |
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quiotu
Posts:7
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| 03/14/2008 4:31 PM |
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See, here's what I don't get about the discussion here, particularly from Bugeater. In a response to me he says,
"Exactly. You, or no one else has any idea. There's a potential risk involved, but yet all of you supporters seem to act like this is a no-brainer. You act like the city will be financially devastated if the CWS leaves, but in reality you have no idea whatsoever if that is true or not."
And then 20 minutes later,
"What gets me is no one wants to even discuss what the true financial impact will be if that happens vs the financial impact of us building the new stadium. They act like that simply isn't an option, and it's because of what Egami said many times, they're hung up on their sentimental attachment to the CWS and cannot think rationally on the subject."
So... no one has a clue what will happen, yet you want to discuss and theorize it anyway? There's a report I gave a link to that shows the benefits of having the CWS here, monitary or otherwise. The biggest companies in Omaha are in support of the stadium because of the potential they see. And yet you, in your infinite internet forum wisdom, want the city to second guess the profitability of the stadium and the CWS.
... I think I'll side with the successful business minds on this one. |
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