Tag: Charlotte

Arena Ballpark Stadium

Team owners continue to get out of paying for venue upgrades when they are responsible for keeping it at a “First-Class Condition”

The new owner of the Portland Trail Blazers, Tom Dundon, told Portland city leaders that he won't negotiate with them until language is changed in the lease agreement between the city and the team. Dundon is demanding the removal of language that requires the team to keep the Moda Center in first-class condition. When an agreement includes a “First-Class Condition” or “State-of-the-Art” clause, it requires the facility owner (either the city/county or the team itself)…

William Neilson Jr.
Arena Stadium

Isn’t it great when sports owners announce upgrades to their arena while contributing little to nothing themselves?

In Utah, the Smith Entertainment Group owns the local NBA and NHL teams. In order for this group to get almost a billion dollars from taxpayers to pay for upgrades to the current arena, the Group pledged to pay $3B dollars of their own money on upgrading the arena and renovations outside the venue. Only problem? Nobody knows any details about this pledge to pay $3B dollars. Can he walk away from this? Is it…

William Neilson Jr.
Stadium

Carolina Panthers officials swear their economic impact numbers are real, they just can’t prove it

Several weeks ago, the Carolina Panthers were given $650 million by the city of Charlotte to renovate their current NFL stadium. Nevermind that the Panthers owner has a less-than-perfect history of following through on commitments (then refuses to talk about it publicly). Nevermind that he is one of the richest men in the entire world. Maybe one of the worst owners too, but that is for another time. Anyway, since the deal was approved several…

William Neilson Jr.
Stadium

The Carolina Panthers want $800 million from taxpayers, seem to be using the playbook from their last failed deal

In late 2018, David Tepper bought the Carolina Panthers. His first big project was to build a brand new team headquarters and training camp in Rock Hill, South Carolina. The $800 million deal was announced in 2019 and gave the team an absurd amount of tax credits and property tax savings. As ESPN put it, South Carolina leaders “cheered the investment, offering incentives and relishing getting a piece of the NFL team”. After construction of…

William Neilson Jr.
Ballpark

The Las Vegas Review-Journal claims the Oakland A’s will “boost” their economy, increase tourism & give city additional dollars.

The Las Vegas Review-Journal went after these teachers for their political action committee. According to the newspaper, the teachers are simply “blinded by its misguided opposition”. I was interested to see what the newspaper would say as to why the teachers were wrong. Instead, the Las Vegas Review-Journal uses the same arguments that have been disproven numerous times.

William Neilson Jr.
Arena

Charlotte continues to hand over public money to whatever sports team needs it. Next up, the Hornets!

Last week, Michael Jordan decided to cash out as majority owner of the Charlotte Hornets. The new owners will have an upgraded arena thanks to the city council, last week, voting to spend $215 million dollars in taxpayer money for Spectrum Center upgrades. For these upgrades, the team extended its lease until 2045. Included in this deal is not just arena upgrades. The new agreement includes plans to build a $60 million dollar practice facility.

William Neilson Jr.
Stadium

Charlotte taxpayers will be paying for a new stadium shortly

South Carolina House member John Ray Bradford stated that by keeping certain hospitality taxes in place until 2060, people should be happy because they are “not increasing any taxes”. Except, without this extension, locals would have paid less at hotels, bars, restaurants, etc… in the future. He also claimed that the city would have more confidence going to banks with more taxpayer money? Or something. My confidence is always sky-high whenever I see my “local…

William Neilson Jr.