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Started By
Message
1
Posted on 4/27/12 at 10:34 am to TortiousTiger
quote:
you didnt answer my question.
Yes, this 2-3 million will bring in more tourists. The NBA All-Star Game is primarily tourist. NBA playoffs bring fans that travel. People who are in town on conventions, vacations, etc go to games. I've had season tickets since 07-08 and I've talked to countless number of people during the game who aren't from here but wanted to come watch a NBA game before hitting the bars.
quote:
What do we get?
NBA team for a long long time. PLUS an NBA All-Star game.
Posted on 4/27/12 at 10:36 am to macatak911
this 3-4 million has nothing to do with the NBA all star game.
you're talking about ANOTHER 3-4 million dollars just for the sake of giving it away.
why are you so eager to just blindly give money to a super wealthy team owner just for the sake of doing it?
ETA: are you actually afraid that this 3-4 million dollars of STATE money will break the bank and cause TOM frickING BENSON to relocate the team?
you're talking about ANOTHER 3-4 million dollars just for the sake of giving it away.
why are you so eager to just blindly give money to a super wealthy team owner just for the sake of doing it?
ETA: are you actually afraid that this 3-4 million dollars of STATE money will break the bank and cause TOM frickING BENSON to relocate the team?
This post was edited on 4/27/12 at 10:38 am
Posted on 4/27/12 at 10:36 am to TortiousTiger
quote:
(spoiler alert: nothing)
Wrong. The lease and new ownership agreement are tied together and involve the league giving the 2014 NBA All Star game to New Orleans. You want to know what happened last time they got an All Star game?
quote:
New Orleans received a $100 million boost from hosting last year’s NBA All-Star Game, according to the Greater New Orleans Sports Foundation.
LINK
I get asking "How much is it really worth?" But acting like it's worth absolutely nothing is just wrong.
Posted on 4/27/12 at 10:37 am to TortiousTiger
The 3-4 million is part of the broader goal, lease extension. which contrary to your opinion is not a foregone conclusion right now.
Posted on 4/27/12 at 10:39 am to TigerinATL
those things are going to happen whether we are frightened into paying the 3-4 million a year or not.
thinking otherwise is just foolish.
once again, there are NO OTHER STATES paying subsides like this.
thinking otherwise is just foolish.
once again, there are NO OTHER STATES paying subsides like this.
Posted on 4/27/12 at 10:40 am to macatak911
quote:
The 3-4 million is part of the broader goal, lease extension. which contrary to your opinion is not a foregone conclusion right now.
that's pretty easy to establish a market value for and the state is now holding all the cards.
Posted on 4/27/12 at 10:45 am to TortiousTiger
quote:
those things are going to happen whether we are frightened into paying the 3-4 million a year or not.
No they aren't. Stern had been pushing for the subsidies from the beginning because he is trying to use New Orleans as a model for other small markets on how to find new revenue sources. Without the favorable lease deal the Hornets would not be getting the 2014 All Star game. I'm not saying they'd never get another one, but this was clearly Stern rewarding the state for playing ball because, like I said, he's using us as a new model franchise.
quote:
once again, there are NO OTHER STATES paying subsides like this.
Maybe they aren't using the same methods as Louisiana, but other areas are very much subsidizing their pro teams. The Seattle Supersonics became the Oklahoma City Thunder because the local government wouldn't support them. The Sacramento Kings almost and still might become the Anaheim Royals because Sacramento won't pay them as much as Anaheim.
Posted on 4/27/12 at 10:46 am to TortiousTiger
"Baton Rouge -- A tax break that's a key element of the state's new lease agreement with the New Orleans Hornets was derailed Wednesday when it failed to get the 53 votes needed to clear the Louisiana House. Lawmakers voted 49-46 for the extension of the annual $3.65 million tax break the team now gets. The break would run through 2024, with a possible five-year extension through 2029."
I ask you, is withholding this 3-4 million a year worth possibly losing a professional sports franchise and a national tv weekend with estimated economic impact of $100 million, in 2008 dollars?
Assuming that the tax break equals $48 million total over the course of the lease. Also, assuming we only get one NBA all star game during the course of the lease...it would cost a grand total of $48 million dollars. Compared to the $100 million in 08 dollars that alone sounds good to me, considering the bulk of the revenue is going to businesses in the city. I have not even mentioned the value of tourism, employment, etc. sounds like a no brainer considering this is only a tax cut....this isn't spending.
I ask you, is withholding this 3-4 million a year worth possibly losing a professional sports franchise and a national tv weekend with estimated economic impact of $100 million, in 2008 dollars?
Assuming that the tax break equals $48 million total over the course of the lease. Also, assuming we only get one NBA all star game during the course of the lease...it would cost a grand total of $48 million dollars. Compared to the $100 million in 08 dollars that alone sounds good to me, considering the bulk of the revenue is going to businesses in the city. I have not even mentioned the value of tourism, employment, etc. sounds like a no brainer considering this is only a tax cut....this isn't spending.
Posted on 4/27/12 at 11:11 am to TortiousTiger
quote:
let's not be coy, we all know that the threat isnt real.
Actually, with Benson owning, we're not moving, so I'll give you that.
This post was edited on 4/27/12 at 11:12 am
Posted on 4/27/12 at 11:12 am to macatak911
oh, well as long as some dope at the advocate has an opinion, it must be legit.
some of you people need to do some independent thinking.
some of you people need to do some independent thinking.
Posted on 4/27/12 at 11:14 am to TortiousTiger
quote:
oh, well as long as some dope at the advocate has an opinion, it must be legit. some of you people need to do some independent thinking.
It's not just the advocate. It's the rhetoric from jindal and stern.
Posted on 4/27/12 at 11:15 am to macatak911
quote:
I ask you, is withholding this 3-4 million a year worth possibly losing a professional sports franchise and a national tv weekend with estimated economic impact of $100 million, in 2008 dollars?
with this shitty reasoning, let's just give them the $100 million.
the deal is done, the hornets arent leaving. They dont have that boogieman card to play anymore and there is no reason just to give away another 3-4 million a year just because.
Posted on 4/27/12 at 11:16 am to macatak911
quote:
It's not just the advocate. It's the rhetoric from jindal and stern.
see above about lack of independent thought.
Posted on 4/27/12 at 11:18 am to TortiousTiger
quote:
with this shitty reasoning, let's just give them the $100 million. the deal is done, the hornets arent leaving. They dont have that boogieman card to play anymore and there is no reason just to give away another 3-4 million a year just because.
If the deal is in fact done, how will the state backing off of its promises change business in the future. Jindal, Landrieu, etc all told Stern and Benson that these tax breaks (which were already) in place will be there. State loses credibility for future negotiations with any company seeking to do business here.
Posted on 4/27/12 at 11:18 am to TortiousTiger
quote:
with this shitty reasoning, let's just give them the $100 million.
the deal is done, the hornets arent leaving. They dont have that boogieman card to play anymore and there is no reason just to give away another 3-4 million a year just because.
You are really hard to agree with. You have pushed me from somewhat agreeing with you to thinking you are just argumentative.
So, I'll adjust his question:
quote:
is withholding this 3-4 million a year worth possibly a national tv weekend with estimated economic impact of $100 million, in 2008 dollars?
Now, answer.
Posted on 4/27/12 at 11:20 am to TortiousTiger
quote:
some of you people need to do some independent thinking.
It sounds to me like you're arguing that these subsidies should not be approved because Benson bought the team, as if the existence of those subsidies didn't influence who the new owner would be. They are not independent of each other.
Chouest supposedly didn't want to go above $300 million so he joined the Raj ownership group. Raj only offered $320 million and the league asking price was $340 million. Would Raj have even offered $320 million without those $48 million worth of subsidies? Would Benson have? The league reportedly paid $318 million for the team, if $300 million is all they could get from local owners why do you assume he wouldn't call up Larry Ellison and tell him he can have the San Jose Hornets for the $350 million he had offered to Shinn?
Posted on 4/27/12 at 11:22 am to macatak911
quote:
all told Stern and Benson that these tax breaks (which were already) in place will be there.
they can't make that promise. you're dealing with a state legislature. anyone who has ever dealt with the state knows this.
Posted on 4/27/12 at 11:23 am to Jester
quote:
is withholding this 3-4 million a year worth possibly a national tv weekend with estimated economic impact of $100 million, in 2008 dollars
sure, if the spending is correlative.
but it's not, and that's the point.
This post was edited on 4/27/12 at 11:24 am
Posted on 4/27/12 at 11:24 am to TortiousTiger
quote:
but it's not, and that's the point.
Without the deals, you get not All Star game. That's the point.
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