So where is Ja Rule to make sense of this?
Stadium Discussion
- Thread starter Gene
- Start date
Etihad Island HERE WE COME
Followed by complaining about attendance issues because "it is just too hard to get to"
Well, apparently not a photoshop job:Secret photo smuggled out of CFC HQ depicting..... Etihad Island Stadium.
And the thread below it is fascinating as well. Here's a link to Google Maps for evidence:
https://goo.gl/maps/WLhfW9imeH62
How many balls are lost to shanks & clearances at that southern corner?
37 per match. This True Fact™ brought to you by Facts-Я-Us®, so you know it's totally true.
Let's take a pilgrimage there to meet Mix at the center of the pitch and learn the secrets to beautiful flowing hair.
I
bet you can buy pickled herring at the concession stand.
Don't tease an old Jew. Throw in some 18 year old single malt and schmaltz and I'll bring a minyan.
I dont see Deblasio as against a stadium at all. He shut down a terrible deal for the city but has been very supportive of the team in general. He has no serious challengers so he's likely to stay on another term but nycfc-wise I dont think its a terrible.
I think that, in retrospect, the deal wasn't as bad for the city as it seemed - disposing of the money-sucking garages would have been ideal long term - but we forget that it was pretty understandable to be suspicious of Bloomberg-era corporate subsidies that were handed out for little to nothing in return.
What, because his son is always wearing an NYCFC jersey? Because he showed up twice to the home opener? That's just being a mayor of a city. For all we know he's actually a Revs fan because he publically roots for the Red Sox.
So the city has to eat a few $100mm in bad debt. Hint that debt is already bad, the YS parking garages are not making nearly enough money to ever pay off the debt, actually if memory serves that debt is already in technical default since its not being serviced at all. The garages make so little they can't even service the interest.
So what, pray tell, is wrong with just eating the debt and getting rid of a non performing asset? CFG had exactly nothing to do with the YS parking garage deal. Its not Mansour's fault that the city decided to fuck itself over with possibly some of the worst terms ever given to a stadium deal with the Yankees. So the Yankees have a, very, minority stake in this new project, its a completely different project and should be negotiated as such. This trying to draw blood for a past mistake, on the city's side btw, is stupid.
Remember the city agreed to the deal, and at the time people were saying it was a god awful deal and that the numbers were way too optimistic. But no the Yankees must have their precious billion dollar stadium, fuck everything else you could do with that money.
But now that a new group comes along that will contribute the vast majority of the capital to a new, money earning, project we the city of New York must have our pound of flesh for our self inflicted wound.
Dear Deblasio, put on your big girl panties and realize that the city got fucked good and hard. Now try and ride yourself into a new deal that can get rid of the ever expanding hole that is that debt. I would prefer that NYCFC build a stadium there, as a NYCFC fan. As a resident of NYC I don't give a shit what gets built there as long as it gets built and can make enough money to 1. Service the debt accrued building it and, 2. make enough money to pay taxes. Neither of which the parking garage is doing.
But CFG are super billionaire's...no subsidies for billionaire's yata yata bs.
Ugh I hate when people say that. It shows a clear lack of understanding of business and the realities of making money.
Once you get to multi hundred million dollar deals, everything is up for negotiation. The difference between a third world country and a first world country is how much is up for negotiation.
NYC politicians have no "understanding of business and the realities of making money."
Explain to me how the city benefits from the NYCFC games being played in their own stadium vs in Yankee Stadium. There's nothing wrong with subsidizing billionaires if you can show it is an accretive transaction for the city, but how exactly would that be the case in this case?
The current issue being discussed is not getting subsidies. It is the idea that the city won't let us build on one of the YS parking garage footprints until we pay off the delinquent tax debt. Which may or may not even be relevant at this point, but that's the topic.
