"Superbowl Homeboy"

[CaptainMusky]

So LMT the stadium was built soleley to host 1 Superbowl?

I am pretty sure there will be 10 NFL football games there each season not counting the other events held there like possibly a Justin Bieber concert so you can chill with both of your friends.

How convenient you forget. The new stadium will not be demolished after the superbowl. I suppose since you cannot pontificate from that soapbox its hard to remember.

[PurpleFloyd]

So LMT the stadium was built soleley to host 1 Superbowl?

I am pretty sure there will be 10 NFL football games there each season not counting the other events held there like possibly a Justin Bieber concert so you can chill with both of your friends.

How convenient you forget. The new stadium will not be demolished after the superbowl. I suppose since you cannot pontificate from that soapbox its hard to remember.

The point is not that it won't bring in money but rather that it doesn't bring in enough money to even cover it's basic operating expenses. This has been the case for decades with the Metrodome itself where the building itself had been paid for but it never brought in enough revenue to cover it's yearly operating costs without relying on it's depreciation schedule. All of the audits for the dome are available online and if you care enough to actually look at then you will see the dome never operated in the black. Now, you add nearly a Billion dollars in construction costs and don't increase the stadium capacity to any large degree and somehow this new stadium is supposed to somehow make the team more money, pay for itself, and not cost the fans any more for a ticket. Can someone explain how that is supposed to work?

[LMITOUT]

Don't even bother trying to explain it, PurpleFloyd. Mouth breathers are gonna mouth breathe.

[CaptainMusky]

Purple I don't entirely doubt your statement but I found this information when doing an initial search on profitability: "Today, according to Long's research, it's the cheapest ballpark around, with the government more than recouping the initial outlay for construction through the most favorable lease in sports. The public gets a large chunk of concessions revenues, a quarter of stadium ad revenue and 100 percent of parking fees. (All this comes from a Baseball Prospectus story, which subscribers can read here.) As of 2005, the Metrodome had actually turned a $100 million profit for Minnesotans."

It may have no longer been profitable after the Twins left but it would appear at one point it was which is against what you were saying...

[CaptainMusky]

Don't even bother trying to explain it, PurpleFloyd. Mouth breathers are gonna mouth breathe.

so sayeth the king of mouth breathers.

[PurpleFloyd]

Purple I don't entirely doubt your statement but I found this information when doing an initial search on profitability: "Today, according to Long's research, it's the cheapest ballpark around, with the government more than recouping the initial outlay for construction through the most favorable lease in sports. The public gets a large chunk of concessions revenues, a quarter of stadium ad revenue and 100 percent of parking fees. (All this comes from a Baseball Prospectus story, which subscribers can read here.) As of 2005, the Metrodome had actually turned a $100 million profit for Minnesotans."

It may have no longer been profitable after the Twins left but it would appear at one point it was which is against what you were saying...

I would have to see their numbers and how they came up with the "profit". Most of the time these articles use inflated numbers for the amount of spending that occurs around the stadium and fail to account for the fact that much of the spending is discretionary and would have been spent in the area anyway but on other things in the absence of the stadium and the sports team. In other words if I have 300 dollars and want to use it on entertainment I could go to a Vikings game if it was there, or, if not I would use it to go fishing, hunting etc. The only number that should be used in the revenue column to justify the expense is what money comes in that never would have been spent if the stadium was never there. If you use those numbers then you never, ever get to a point where the stadium is revenue positive.

As far as whether the stadium itself is self sustaining, I had a link once that showed the total revenues created for every major sports team in the state at the stadiums they played in and compared that to the operating costs of the facilities and it came up on the negative side of the column. That was since the 60's. What people always do is look at the money brought in but fail to look at the costs involved in operating and maintaining those facilities over the lives of the building. And the new deals made by the owners are done to put more of that money in the owners hands and less to pay back the state for their share. So any additional revenue is not good for the state because Wilf lives in Jersey and takes that profit out of our economy and over to Jersey where it does us no good. Read up on the money multiplier to see how that negatively impacts our state.

[PurpleFloyd]

Don't even bother trying to explain it, PurpleFloyd. Mouth breathers are gonna mouth breathe.

[PurpleFloyd]

Purple I don't entirely doubt your statement but I found this information when doing an initial search on profitability: "Today, according to Long's research, it's the cheapest ballpark around, with the government more than recouping the initial outlay for construction through the most favorable lease in sports. The public gets a large chunk of concessions revenues, a quarter of stadium ad revenue and 100 percent of parking fees. (All this comes from a Baseball Prospectus story, which subscribers can read here.) As of 2005, the Metrodome had actually turned a $100 million profit for Minnesotans."

It may have no longer been profitable after the Twins left but it would appear at one point it was which is against what you were saying...

Interestingly when I was arguing against public funding for the Vikings stadium you could go to this site:

http://www.auditor.leg.state.mn.us/fad/fadalpha.htm

And get the financial audits for every year which were very detailed, showing all incomes and expenditures. Now that the MSFC was disbanded and rebranded as the MSFA they have removed all of the financial data from the audits which i find very interesting considering that the other audits that I just browsed for comparison still have theirs. None the less if the reports can be dredged from the WWW they will show yearly operating losses.

[CaptainMusky]

Purple that's a good point. They also said prior to approval for the Superbowl bid that all details in the bid would be shared but have since rescinded. ??????

[PurpleFloyd]

Purple that's a good point. They also said prior to approval for the Superbowl bid that all details in the bid would be shared but have since rescinded. ??????

That is by design because the NFL dictated that they would get tax breaks and revenue shifted to them that was originally used on the stats side of the spread sheet to display the revenue and tax potential of hosting it.

[LMITOUT]

Noted.

If I were Zygi I'd be smiling too. Dayton, on the other hand, is thinking "weeeeeeee!".

[mechanictim]

Last time the super bowl was in Minnesota there was a lot of talk of changing the time that bars closed so that the super bowl crowd could keep drinking a little later. It took a while but the state did change the time for bars to stop serving.

I wonder if this time around the pot heads will want to legalize weed in Minnesota? Seems like some of the ex-players might get behind that. Whizzonator, Moss ....

[Ybone]

I guess it was a real stroke of bad luck getting the Super Bowl. Hopefully we don't get a double whammy and end up with the Final Four now too. That would be awful, the Super Bowl and Final Four, we just can't catch a break.

[minky]

That would be bad!

People spending money, having a good time.

[PurpleFloyd]

Noted.

[fishersofmen]

Good ole crazy eyes Dayton off in his little fantasy land as usual.

[FISHINGURU]

I wonder if this time around the pot heads will want to legalize weed in Minnesota?

Lets hope so, I'd rather see that then the alcoholics being able to stay out and drink longer.

[LMITOUT]

Quote:

NFL's Super Bowl demands ranged from ice to exclusive venues

The National Football League had a long and expensive list of confidential requests before it awarded the 2018 Super Bowl to Minneapolis.

Free police escorts for team owners, and 35,000 free parking spaces. Presidential suites at no cost in high-end hotels. Free billboards across the Twin Cities. Guarantees to receive all revenue from the game’s ticket sales — even a requirement for NFL-preferred ATMs at the stadium.

Those requirements and many others are detailed in 153 pages of NFL specifications for the game. An official on the host committee that successfully sought the game — Minneapolis beat out Indianapolis and New Orleans — said the panel had agreed to a majority of the conditions but would not elaborate.

The document, which the Star Tribune obtained through sources, has not been released publicly but shows how the NFL will control the event and many of its public aspects. The NFL declined to comment on the document and host committee officials are declining to make it public, citing state data privacy laws.

Minneapolis City Council President Barb Johnson said “incentives” were necessary to host the Super Bowl, but Mayor Betsy Hodges’ office said it did not know what the city’s host committee ultimately agreed to. “We haven’t seen the bid, so we don’t know what was agreed to,” said Kate Brickman, Hodges’ spokeswoman. (We have to pass it to find out what's in it??? Where have we heard that before?)

The NFL’s requests covered everything from free access to three “top quality” golf courses during the summer or fall before the Super Bowl, to free curbside parking at a yet-to-be designated NFL House — defined as a “high-end, exclusive drop-in hospitality facility for our most valued and influential guests to meet, unwind, network and conduct business.”

Under a six-page “Government Guarantees” section, the NFL also asked that local police provide officers, at no cost, for anti-counterfeit enforcement teams focused on tickets and merchandise. Other provisions in the section ask for government resolutions requiring “high-level management” at local airports to “cooperate with those needing special services”, including those arriving on team charters and private planes. The NFL also asked that government licensing fees be waived for as many as 450 courtesy cars and buses.

The “Government Guarantees” section, in addition, also demands that public officials create “clean zones” that cover at least a one-mile radius around the football stadium and a six-block radius from the NFL’s headquarters hotel. Creating “clean zones,” according to the NFL, typically “restricts certain activities” and “provides for the temporary suspension of new, and possibly existing, permits for such activities.”

In other parts of the bid specifications, the league asked that at least 20 free billboards “in NFL designated areas” across the Twin Cities be made available. The host city also was asked to pay all travel and expenses for an optional “familiarization trip” for 180 people to come to the Twin Cities in advance of the Super Bowl to inspect the region.

The NFL’s requirements strike at every phase of the game’s preparations.

For example, the document notes that if placing logos of the NFL, Super Bowl, and teams that are playing in the game on the field requires different turf to be installed in the new downtown Minneapolis stadium, there would be no charge for that to the league. Also, the document states that the hotels where the teams stay should be obligated to televise the NFL Network for a year before the Super Bowl — at no cost to the league.

The NFL asked that if cellphone signal strength at the team hotels is not strong enough, then the host committee — at no cost to the league — “will be responsible [for erecting] a sufficient number of portable cellular towers.”

Inside the stadium for the Super Bowl, the league asked that it be able to install ATMs that accept NFL preferred credit and debit cards — and for officials to cover or remove ATMs that “conflict with NFL preferred payment services.”

In another requirement, the NFL requested that as many as two “top quality bowling venues” be reserved at no cost to the league for the Super Bowl Celebrity Bowling Classic.

The league also asked for benefits in the local media “to provide significant advertising and promotional time” for the “NFL Experience” in the month leading up to the game. Among them: At least 20 color pages of free space, in aggregate, in leading daily newspapers to promote the game and four weeks of free promotions on at least six local radio stations, including at least 250 live or prerecorded ads.

[zepman]

In other words..."business as usual".

[FISHINGURU]

On with the show!!