re: First look at New Orleans 2019 Super Bowl bid logo

quote:

---

We will never get a new stadium. Its not happening.

Poor low population city in a poor state .

---

False. I did the math last year.

quote:

---

n 2025, the Superdome will be ~50 years old it will be time to put the ole gal out to pasture then anyway. I have not idea what the Benson's or 3R's fiscal situation will be by then but they will want a new stadium and the state will need one by then or a major renovation to superdome that costs over a 100 million.

I would think $2 billion would cover buiding a state of the art stadium and new NBA arena for the Pels (the SKC is bottom of the league now) by 2025.
The NFL's fund contributes an average of $200 million
Sell the naming rights for the NFL stadium 30year deal *$10 million/yr = $300 million
PSL= the NFL average is $50 million = $50 million
So that is $550 million paid for with non state money
Sell the Arena naming rights for 30 years * $5million/ yr = $150 million
So that is $700 million in private money off the top of my head.

That leave $1.3 billion the owners and the state have to come up with. The average NBA/team owner has contributed an average of $200 million for new arenas and the NFL an average of $400 million. That drops the state total down to $700 million. The current hotel tax contributes $34 million/yr to pay for the Superdome and SKC. Since the dome has had such a productive lifetime (50 years) and the SKC was built on the cheap, a large portion of the current tax values will be available for a new stadium. Right now the state pays $26 million/yr until 2039 to pay for the dome and SKC. That leave $8million/yr for 14 years free to replace the venues (and I am sure more money could be found by refinancing and applying it to the new stadium) that is 112 million and then the whole $34 million/yr for 16 years that is $544 million so ~$650 million from current tax funding sources.

So the state would have to come up ~$50million to have the best NBA arena and NFL stadium. That would be less than $2 million a year in new funding. That sounds like a hell of a bargain for what the Saints and Pels and having state of the art venues would bring to the state.

Disclaimer: Figures assumer similar debt structure as the Vikings, Failcounts and Sacramento Kings. A sticking point could be if the owners do not want to spend any of there money. Also feel free to check my math.

---

Links to source of #s are in last years post

quote:

---

with a poor (by NFL owners standards) owner. The Benson group will never be able to afford even part of a stadium

---

That could be a problem, but Tom Benson is worth more than other owners that have helped financed their stadiums. Tom and Gayle are worth $1.9billion, and they could easily afford similar debt arrangements as the Vikings, Falcons, and Sacramento Kings to get a new stadium and new arena if they wanted it.

quote:

---

And after that, where do you put it?

---

Pull a Minnesota and tear down the dome and build a new stadium in its place.

ETA: The Superdome has enough square footage and enough suites that it can be renovated if the Saints and state decide to go that route. The only thing would keep timely renovations from keeping the Superdome state of the art would be if there was a structural problem. So another $100million or more renovation at the end of the current lease and we will be good to go for another 10-15 years.

quote:

---

Benson will never see another Super Bowl in Nola.

---

This is probably true. He will be 89 in July and the earliest NOLA could host another SB would be 2022 which would make him 94. I do not want to be Mr. Doom and Gloom, but the odds are not in his favor. So the Saints and Pelicans just need to win championships next season so he can see them.

quote:

---

I applaud your effort. Looks like a lot of sunshine and rainbows to me, but I hope that it can get done.

---

It is not sunshine and rainbows. I hate to poop oh your party pooping parade, but here are the facts. Mercedes Benz Stadium (Atl) is costing $1.4billion, the proposed Chargers/Raiders stadium in Carson was $1.8billion and the stadium part of the City of Champions Stadium project in Inglewood is around $2billion. It is much cheaper to build in NOLA than California so I guessed a $1.5billion is what it would cost to build in NOLA. The new Bucks arena will cost $524million, and NOLA does not have to build during the winter or deal with the unions as much as Milwaukee so even in 10 years ~$500million should still build a state of the art arena.

quote:

---

2025 sounds about right.

---

Well that is when the leases are up, and that is why I picked it.

quote:

---

Hopefully the political climate at that time is right and we aren't still in a financial crisis.

---

Louisiana will always be in a financial crisis. We spend ~$1,000 more/citizen than the other southern states and we have a fudged up structure to the whole government. However, we do have a dedicated tax to fund the Superdome, Smoothie King Center, and Convention Center so there is money for those projects regardless of the political climate.

quote:

---

I think they would have to tear down the dome first, build a new stadium, then tear down the Arena and build a new arena if they were going to do both. Not sure both could get done at the same time, and I have no idea where the Pelicans would play if the arena was torn down. Playing in Baton Rouge would be pretty terrible for them. NBA Arenas take about a year and half to build.

---

The new saints stadium would be a dome or retractable roof stadium and that would be build to host basketball for final fours. The Pelicans could play a season or 2 in the superdome or new stadium while a new arena was being built. They could not play in BR because the River Center is too small and the PMAC does not have suites.

Also if the city or state did not want to tear the Superdome down because it is a historical structure and would make badass Katrina museum or some other museum there is plenty of land elevated highway that leads to the CCC. Just extend the Loyola streetcar line past the UPT and boom a developer has enough land to redevelop.

quote:

---

Pelicans could play a season or 2 in the superdome or new stadium while a new arena was being built.


Which was my point as to why they would need to be done stadium first then arena.

---

I was working under the impression that everyone understand that the deals would be negotiated when the leases run out, but the construction of both stadiums would not be at the same time.

quote:

---

I see that being the battle. But they'll have to get over it. I love the Superdome, but isn't the Roman Coliseum. It will need to be replaced eventually, or we lose the team.

---

Like I said if you look at google maps there is plenty of land on the upriver side of the approaches to the CCC that could be redeveloped for a new stadium and arena. So if the city wanted to preserve the stadium and use if for something else they could and there is still room for a stadium with streetcar access to the French Quarter.

quote:

---

here is plenty of land on the upriver side of the approaches to the CCC that could be redeveloped for a new stadium and arena.

---

I don't think that will be the case in 10 years. I see that area as the next spot for development.

quote:

---

Like I said if you look at google maps there is plenty of land on the upriver side of the approaches to the CCC that could be redeveloped for a new stadium and arena.

---

FYI, just did a square foot calculation using a map tool. In order to fit a stadium using approximately the same area as the Superdome in the area you are referring, they would have to get rid of large swathes of major roads like Tchoupitoulas, or have those roads go underneath the stadium or something. Would be a pretty serious job to fit a stadium there.

The shitstorm that would ensue for displacing all of those poor people for a stadium would be pretty interesting.

Tearing down the Superdome? Dude...

(no message)