Category: Stadium

Stadium

Kansas City Chiefs relocation deal still unknown, company hired to do their economic report has questionable past

Essentially, the state of Kansas allows for lawmakers to use a “special incentive program” that was started just two years ago to fund a project like the Kansas City Chiefs. The lawmaker who wrote this law (not including language allowing for the public to vote) claims that the public doesn't need to vote since the sales tax is not increasing. I really do hope that this politician understands that while the sales tax will not increase, the money that it brought in to MANY state functions (like public education, facilities, etc...) will now be diverted to the Chiefs project.…

William Neilson Jr.
Arena Ballpark Stadium

Cavaliers CEO: People should “make sure” to “celebrate” when we ask for $400M

Now that the Browns are moving out of the downtown area, residents are left to deal with two billionaire owners demanding countless amounts of money for upgrades. Most rational people would look at this situation and wonder why an owner like the Cleveland Cavaliers Dan Gilbert, with a net worth north of $20B, is not paying for 100% of his arena upgrades. The answer is because he knows that he doesn't have to pay for much, if anything at all, when it comes to his sports properties. He used his ownership of the Cavaliers to lower his taxable income…

William Neilson Jr.
Stadium

The Arizona Cardinals owner, Michael Bidwill, continues to price out fans and ruin any goodwill left

Michael Bidwill and his family are what I call a Rake Family. They love stepping on rakes and then seem surprised when it comes back and hits them in the face. The Bidwills first few years in Arizona are a perfect example of this. When the Bidwills moved the Cardinals from St. Louis to Arizona in 1987, they did so because St. Louis wouldn't build them a brand-new stadium. Cardinals executives claimed that people in Arizona would. Therefore, the team moved to Arizona, and nothing was built. The stadium builders never came through, and the team was stuck for…

William Neilson Jr.
Arena Ballpark Stadium

When will city and state leaders learn that their new sports venue will not magically increase tax revenues?

This week, the Kansas City Chiefs announced they were relocating to the state of Kansas for a brand-new $3B stadium. The term sheet agreed upon by the team and state is outlandish. Joe Pompliano (who is one of the best at sports business news) has gone over the term sheet and claims it is the “Most Lopsided Stadium Deal In NFL History” thanks to $1.8 billion in taxpayer money being included. But the details of many important parts of the deal are still unknown. For example, we still don't know where the new stadium will be located. In a…

William Neilson Jr.
Stadium

LA28 promised Los Angeles residents a zero-cost Olympics, now want several hundred million in taxpayer money

In 2017, the International Olympic Committee awarded the City of Los Angeles the 2028 Olympics. Right after being awarded the 2028 games, the mayor of Los Angeles signed a host contract, which forced the city to be the "financial backstop" and therefore responsible for "paying off any debts" that arose from the games. Even better, as the Los Angeles Times wrote in a 2017 story, the city will have "more than a decade to prepare." Most importantly, the Olympic Committee from Los Angeles was clear that taxpayers would not pay for the games and that instead "they expect to cover all…

William Neilson Jr.
Stadium

Denver NWSL owners demand city give them $50 million without limits or else they will leave

The Denver council delayed voting on the release of the $50 million because of a “lack of key information.” For example, council members still do not have a specific breakdown of how and where the money will be spent. The council president seemed flustered that she “had to ask several times” why the team wasn't giving them all the information. When the team's attorney was asked for the project's final cost numbers, she told the council that she didn't have them due to their construction estimates not being finished.

William Neilson Jr.
Arena Ballpark Stadium

Buffalo is struggling to limit city leaders access to the luxury suites at the Bills new stadium

Last year, the Buffalo Bills beat the Pittsburgh Steelers in an AFC playoff game. The Governor of New York, Kathy Hochul, billed taxpayers for almost $600 worth of wine and a total bill that day of $1923 and change. As the Buffalo News reported, it would eventually come out that taxpayers had paid “more than $6300” for the governor to attend four different games. According to the state and county, this luxury suite is “meant to boost economic development.” I wish someone would explain to me how this happens…in any way, shape, or form. The spokesman for the governor…

William Neilson Jr.
Stadium

Port St. Lucie leaders want to build a soccer stadium at the last second

According to Port St. Lucie city leaders, this agreement “is designed to bring economic growth, entertainment, and new opportunities to the community.” In this instance, the taxpayer money given to ESC will come from the TIF revenue. However, for the last few weeks, many city leaders have been trying their best to express one specific thing: taxpayers will not pay for the stadium. This message has been expressed time and time again whenever this subject is brought up.

William Neilson Jr.
Stadium

Will a USL soccer stadium ever be built in Des Moines, Iowa? Not with their current owner…

In January 2019, a man named Kyle Krause announced his plans to bring a United Soccer League Championship team to Des Moines, Iowa. This project included a new $60 million stadium (early draft documents show the taxpayer paying $45 million of the $60 million). Over the next few years, this project would dangle around because of disagreements between the owner and local governments. Meanwhile, local taxpayers were told very little of the actual details.

William Neilson Jr.
Stadium

World Cup matches were going to cost Boston taxpayers virtually nothing…until now

Today, Boston 26 argues that the city is in “jeopardy” of losing the matches unless $20 million in taxpayer money is given to them. Keep in mind that Boston 26 was first trying to demand almost $40 million but they have since brought that down to $20 million mark. But didn't Boston 26 say they wouldn't ask taxpayers for help? That everything was already in place?

William Neilson Jr.
Stadium

St. Louis City SC owners do not need or want public money…just the many millions of taxpayer dollars they get every year

Washington University in St. Louis wrote a piece titled “Stadiums don’t have to be a drain on taxpayer dollars − 4 lessons from St. Louis”. This article was pushed to any outlet willing to publish it. Here it is retitled “St. Louis MLS Stadium Offers Alternative to Taxpayer-Funded Sports Venues.” Here are the authors pushing the article in local newspaper comment sections titled “How to build a stadium and keep taxpayers happy.” I have to read this article and understand how these Saints owners did the financially impossible. The article makes sure to include just how much money professional…

William Neilson Jr.
Stadium

Santa Clara is not spending taxpayer money on the World Cup. Wait, yes they are

For those who don't know, Levi Stadium in Santa Clara was selected to be one of 16 cities hosting World Cup games in 2026. The six games at Levi Stadium will be played between June 13 and July 1 of next year. Considering how contentious the history has been between the San Francisco 49ers and the city of Santa Clara, I figured something would blow up with this event. Then I recently saw this headline in the San Jose spotlight (“Santa Clara isn’t spending taxpayer money on World Cup upgrades”) and was a bit intrigued. In the article, the author claims…

William Neilson Jr.
Stadium

Now that the Buffalo Bills have a new stadium, they want locals to please shut up and be happy with whatever the team gives them

One of the local leaders who helped draft the CBA is now outright stating that the Buffalo Bills are going against what is found in the CBA. It is difficult to see how she isn't correct here. The Bills would not stop talking about how much they would include the community when it comes to giving back to the area. Now? Shut up and take whatever it is that we give you. If the Bills think that these types of statements will allow them to invest more into the community, they have quite the surprise ahead of them.

William Neilson Jr.
Stadium

The San Francisco 49ers promise to pay for all World Cup expenses…somewhat…kind of…maybe?

Last week, the San Francisco 49ers publicly vowed to cover Santa Clara’s expenses for the World Cup games. The 49ers will use money that they received from their NFL operations to cover the costs. One estimate claims that it will cost Santa Clara about $50M to stage the games. Except, as the mayor reminded everyone, the 49ers promised to only cover all “approved costs”. That can be interpreted many ways, considering the terrible history between the 49ers and the mayor. Keep in mind that the people of Southern California have been told next to nothing about the local finances of…

William Neilson Jr.
Stadium

Headlines say that the Baltimore Ravens “are spending $50M more” on stadium upgrades, forget the public’s $434M share

Even better, the money for the Baltimore Ravens will come from Maryland's state lottery funds, which “otherwise would go to the state’s general fund”. For those who don't know, the general fund for cities and states is the “predominant fund for financing a state's operations”. It is the primary operating fund of a government and accounts for activities including public safety, street maintenance, community services, police, fire, and other things. Thankfully, nobody cares about those activities. Who cares if the police and firefighters get paid nothing?

William Neilson Jr.