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re: Would you rather watch the Braves in Cobb?
Posted on 5/28/14 at 2:35 pm to DawgCountry
Posted on 5/28/14 at 2:35 pm to DawgCountry
quote:
Except for 95% of their fan base
Exactly which makes is a smart move economically. I would guess that the attendance will be considerably better at the new stadium.
0
Posted on 5/28/14 at 3:16 pm to thomass
quote:
Once you get south of I-20, there is no traffic.
LOL that's basically saying that traffic is a breeze once you get to the stadium. I-20 is like half a mile from the Ted.
Posted on 5/28/14 at 5:20 pm to SquatchDawg
quote:
Where are your priorites
Huh?This new venue will be a win for the fans,Cobb Co and the Braves.
Moving closer to 80% of the season ticket holders and they'll FINALLY have a game day experince when they go watch the Braves. Actually have places to hang out and things to do before and after the game.
No doubt there'll be increased tax revenue from all the businesses moving in around the area and tourist coming in to enjoy the new venue.
It'll give the Braves a much needed revenue boost to controll their own facility. They were at the mercy of the city of atlanta with their current lease deal and City wasn't going to fork over funds for infrastructure upkeep and repair.
Posted on 5/28/14 at 8:30 pm to RD Dawg
I love how much you guys buy the schtick hook line and sinker. "It'll be great for the city, it'll be great for the Braves, it'll raise tax revenue....blah blah blah...". This same rhetoric has been rolled out over and over...city after city. I have yet to see the benefits flow back to the citizens from these "deals".
Meanwhile....your debt keeps piling up...your taxes keep going up...congestion and corruption keep increasing...and the only people who benefit are the owners, developers and the big shots that put these deals together. And you guys support them wholeheartedly while you shell out more and more money for a ticket and $10 tall boy.
When any of the citizens of Cobb see some benefit from the stadium let me know.
Meanwhile....your debt keeps piling up...your taxes keep going up...congestion and corruption keep increasing...and the only people who benefit are the owners, developers and the big shots that put these deals together. And you guys support them wholeheartedly while you shell out more and more money for a ticket and $10 tall boy.
When any of the citizens of Cobb see some benefit from the stadium let me know.
Posted on 5/28/14 at 8:44 pm to BeefDawg
quote:
The new Braves location is going to be a money making machine compared to Turner. Just sayin.
If this were true then why hasn't the ghetto around the Ted been sold out to developers and turned into a urban mixed use paradise? There have been games going on there forever.
I'm sure the same argument was made for pumping money into Underground.
The best litmus test for this is to look at the funding. If these deals are such awesome money making opportunities then why does it always take public money?
Posted on 5/28/14 at 9:30 pm to SquatchDawg
Location, location, location.
You don't know WTF you're talking about and are making dumb assumptions.
The area around Turner Field is a horrible traffic bottleneck with unbelievably shitty development options and surrounded by ghettos and low economic outdated old housing and virtually no current businesses.
The new location is 1000% the opposite of this and is already family friendly before they even start.
You don't know WTF you're talking about and are making dumb assumptions.
The area around Turner Field is a horrible traffic bottleneck with unbelievably shitty development options and surrounded by ghettos and low economic outdated old housing and virtually no current businesses.
The new location is 1000% the opposite of this and is already family friendly before they even start.
Posted on 5/28/14 at 9:34 pm to SquatchDawg
quote:
why hasn't the are around Ted been sold out to developers
Huh? 2 COMPLETLY different parts of town...NOBODY that I know
expected the Ted to revitalize that area but the city got Turner Field donated to them from ACOG and in turn leased it to the Braves. A great deal for the city and a pretty good deal for the Braves at the time...the only industry in that part of town is govt and the city jail... not a good clientele for walk up business...why would any developer want to put a mixed used development there? The cumberland area is full of business and new development not to mention Vinings,Sandy Springs and easy access to Midtown (right down the road)...
You think the Ga Dome was a good investment? I'd say it was...w/out the Dome there would have been no Falcons,Olympics,Final Fours,Super Bowls,SECCG and Chick-Fil-A bowl...cost $200 million at the time and I can gaurantee more than $200 million in revenue has been made from all those events.
Underground?WTF? It was a waste of money from the very beginning and was done for kickbacks and political purposes.
No one that I knew of in the development business thought it had a snowballs chance of ever being succesful.
This post was edited on 5/28/14 at 9:53 pm
Posted on 5/28/14 at 9:35 pm to BeefDawg
BeefDawg, stop trying to educate the morons.
You are going on my Smart Person List. Not just for this, but for alot of things I've seen you post lately. You've been doing a good job.
Someone is going to have to get dropped here pretty soon, only so many characters allowed.
You are going on my Smart Person List. Not just for this, but for alot of things I've seen you post lately. You've been doing a good job.
Someone is going to have to get dropped here pretty soon, only so many characters allowed.
Posted on 5/28/14 at 9:40 pm to SquatchDawg
quote:
If these deals are such awesome money making opportunities then why does it always take public money?
Public revenue. Fair is fair. If I'm going to put 100 million of private money into a project that is going to generate millions for the local jurisdiction, it's only fair they chip in a little.
Think of local governments like poorly run mid-size businesses with constant turnover at the top and in the worst case, not enough turnover at the top.
If they are going to frick my customers and tenants out of money, day in and day out, nickle and diming them, on everything from sales tax to the DUI checkpoint around the corner, in perpetuity, then it's only fair they foot part of the initial capital.
This post was edited on 5/28/14 at 9:42 pm
Posted on 5/28/14 at 10:38 pm to Cobb Dawg
I think it's a wise move for the Braves. Probably a lot of tax implications involved. And I'm sure there was a gun to their head as far as hiring employees was concerned.
In Cobb they're much more accessible for their fan base, and they're in a much nicer area. There are, and there will be, many more close restaurants to the new stadium than there were at the Ted.
In Cobb they're much more accessible for their fan base, and they're in a much nicer area. There are, and there will be, many more close restaurants to the new stadium than there were at the Ted.
Posted on 5/28/14 at 11:39 pm to BeefDawg
quote:
Location, location, location.
It obviously is great for the Braves and the businesses around the site. None of which justifies the citizens assuming another $300M of debt. Who benefits from this? The average citizen in Cobb? How?
quote:
You don't know WTF you're talking about and are making dumb assumptions.
Prove it. How do the citizens of Cobb benefit from this additional $300M of debt? Additional bars that I can get drunk in?
Why do you live in Cherokee County and not Cobb?
Are your rental properties in Cobb? Are you looking forward to more property taxes eating into your income? Will your tenants benefit from having the Braves new stadium in their back yard.
Posted on 5/28/14 at 11:53 pm to deeprig9
Trust me...I get the argument. And if you're a twenty something its a really cool thing to have the Braves on the north end where its easier for the white collar clientelle to access. And more bars....retail...chain restaurants? What's not to like?
Hell....I like the idea myself.
But as somebody whose job is tied closely to public and private debt loads...and upcoming, guaranteed liabilities that are just beginning to put major structural stresses on numerous systems....spending $300M on a sports arena seems very irresponsible.
Do you dream in color?
Hell....I like the idea myself.
But as somebody whose job is tied closely to public and private debt loads...and upcoming, guaranteed liabilities that are just beginning to put major structural stresses on numerous systems....spending $300M on a sports arena seems very irresponsible.
quote:
educate the morons
Do you dream in color?
Posted on 5/29/14 at 12:00 am to Cobb Dawg
I'll never set foot in Cobb County until Dale Murphy is in the HOF
Posted on 5/29/14 at 6:12 am to Chris_topher
Thank god. Stay the frick away
Posted on 5/29/14 at 6:44 am to DawgCountry
Do you understand that Andre Dawson is in the Hall of Fame and Dale Murphy is not in the Hall of Fame? and y'all care about a piece of shite stadium in Cobb County that won't be there in twenty years? WTH
This post was edited on 5/29/14 at 6:53 am
Posted on 5/29/14 at 8:17 pm to SquatchDawg
quote:
SquatchDawg
Ever heard the business term, "You have to spend money to make money"?
5000+ static jobs created.
5000+ temporary jobs created (ie. construction of adjacent infrastructure in surrounding area).
300+ new local businesses.
2000+ new housing/residences.
Increased property values.
30+ new hotels.
Special sporting events in off-seasons.
All resulting in large increases in local tax revenues, easily accounting for the $300M within 5-7 years, and then all profits.
The revenue, however, goes straight to the bottom line as it accrues year by year since this is a straight cash transaction and not an interest baring finance or mortgage or bond sale/purchase. So year to year revenues go right back into to the local budget, which consists of funding all sorts of projects for the county, including fixing roads, paying government employees like police and fire rescue, etc etc., and any other county needs or improvements you can think of.
It's not like they're losing $300M that they'll never see again. So much money that would have been spent elsewhere likely in a different county and city, will now be spent in Cobb, it will quite easily result in a budget surplus almost immediately.
Cobb didn't short their budget to pay this. They used revenue reserves which are designed specifically for situations just like this. There's no sacrifices being made here. Even IF the numbers don't go as planned, the yearly budget isn't any different than before.
So really, WTF is there to cry about. This is a dream scenario investment for Cobb resident's tax dollars. Only the monumentally retarded are freaking out about this because they're ignorant idiots who just like to whine and complain.
If Cobb we're run by Democrats, then Republicans would be bitching about this. But it's run by Republicans, so the Dems are whining. They're all fricking ignorant morons, though. And you're one of them. GG.
Posted on 5/29/14 at 8:30 pm to BeefDawg
5000 jobs
300 new businesses
30 hotels?
1 baseball stadium.
Put your boots on Gentlemen the shite is getting thick in here
300 new businesses
30 hotels?
1 baseball stadium.
Put your boots on Gentlemen the shite is getting thick in here
Posted on 5/29/14 at 9:08 pm to AllDawg
Again, location, location, location.
Do you even know what the surrounding area looks like? You probably have no idea how much greenband acrege available for development within a couple mile radius of that location there is.
Give it a couple years and you'll see.
Actually, just pull up Google Earth and look.
Do you even know what the surrounding area looks like? You probably have no idea how much greenband acrege available for development within a couple mile radius of that location there is.
Give it a couple years and you'll see.
Actually, just pull up Google Earth and look.
This post was edited on 5/29/14 at 9:09 pm
Posted on 5/29/14 at 9:40 pm to BeefDawg
quote:
5000+ static jobs created.
5000+ temporary jobs created (ie. construction of adjacent infrastructure in surrounding area).
300+ new local businesses.
2000+ new housing/residences.
Increased property values.
30+ new hotels.
If you're going to make a bunch of shite up then why not say a BILLION new jobs and a MILLION new hotels? If you really believe the addition of this stadium will result in 30 hotels and 2000 residences then I can't help you.
The rest of that was pretty impressive. Except there's this:
quote:
But a summary of details of the MOU show that the county will pay:
$276 million from the coliseum authority, which will issue 30-year revenue bonds to fund the county’s share.
$14 million from the county for transportation improvements.
$10 million from the Cumberland Community Improvement District.
Existing property taxes will account for $8.7 million of the county’s contribution. The release says there will be no increase in property tax millage rates for homeowners.
However, there are new taxes, including: a new 3-percent rental car tax; a new 3-mill property tax increase for businesses in a Cumberland Special Services District; a new $3 per night charge for hotel rooms in the special services district.
LINK
So basically they're paying for this thing with a slew of new taxes...including taxes on the businesses in the area....which won't be a problem because there's going to be a gajillion new hotels. Revenue bonds have to be paid back too....through the tax revenues generated. Did you really think Cobb had $300m laying around?
But its okay...Cobb has a ton of money to spend on stadiums right?
quote:
Cobb County’s school board approved a 2013-14 budget Thursday night that will result in five furlough days for all employees, the loss of 182 teachers through attrition and a slimmer central administration staff.
LINK
Right?
quote:
Cobb County’s pension fund in 2009 contained just 55 percent of the money it has promised to retirees — one of the worst cases of underfunding in metro Atlanta. The worst: Atlanta Public Schools, which has funds to cover an abysmal 17 percent of its obligations.
A widely accepted benchmark holds that, at any given time, pension funds should contain at least 80 percent of the money they have promised to pay out.
LINK
And I don't even want to get into statewide budget issues involving pension and medicaid shortfalls that are on top of us.
quote:
If Cobb we're run by Democrats, then Republicans would be bitching about this. But it's run by Republicans, so the Dems are whining
This is your best point. So called conservatives don't seem to mind tax increases and the use of public money for private development if its something they like. If it was George Soros building an Islamic Theme Park I bet the reaction would be different.
quote:
They're all fricking ignorant morons, though. And you're one of them
Yep...you're obviously in banking or some financial business...
quote:
You have to spend somebody elses money to make money
FIFY.
GG
This post was edited on 5/29/14 at 9:53 pm
Posted on 5/29/14 at 9:51 pm to SquatchDawg
I knew it was bullshite at 5000 jobs and 30 hotels
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