Stadium Discussion

[Kjbert]

Leaked plans of a collab between MGM and CFG for Empire City and Yonkers Raceway.

Seriously?

I actually may have something to add to that conversation.

 

[Jon]

Leaked plans of a collab between MGM and CFG for Empire City and Yonkers Raceway.

What did I miss?

 

[JayH]

Seriously?

I actually may have something to add to that conversation.

Sorry, was just joking based upon the faulty link. With that said, I have always considered Yonkers to be in play with the early years chirping and some subsequent suspicions.

 

[Kjbert]

Once the MGM-Yonkers deal closes, MGM does not intend to keep their Trotter license. The thinking is that Aquaduct will purchase the license. Then the track and the Clubhouse will be torn down.

Here’s the plan as I understand it - they’re going to build a hotel and arena on the site. It would be similar to what they have at Mohegan Sun.

 

[Kjbert]

Sorry, was just joking based upon the faulty link. With that said, I have always considered Yonkers to be in play with the early years chirping and some subsequent suspicions.

The Mayor and County Executive approaches the club years ago with this proposal. It was shot down.

 

[LionNYC]

Once the MGM-Yonkers deal closes, MGM does not intend to keep their Trotter license. The thinking is that Aquaduct will purchase the license. Then the track and the Clubhouse will be torn down.

Here’s the plan as I understand it - they’re going to build a hotel and arena on the site. It would be similar to what they have at Mohegan Sun.

Isn't there an supersaturation of arenas/stadiums in the NY metro area: MSG, Barclays, Yankee Stadium, Citi Field, Forrest Hills Center, USTA Center, MetLife, RBA, NYCFC Stadium*, New Islanders Stadium

 

[SoupInNYC]

Isn't there an supersaturation of arenas/stadiums in the NY metro area: MSG, Barclays, Yankee Stadium, Citi Field, Forrest Hills Center, USTA Center, MetLife, RBA, NYCFC Stadium*, New Islanders Stadium

If we're going to include RBA, MetLife, and New Islanders Stadium, why not include Nassau Coliseum and the Prudential Center?

 

[Kjbert]

Isn't there an supersaturation of arenas/stadiums in the NY metro area: MSG, Barclays, Yankee Stadium, Citi Field, Forrest Hills Center, USTA Center, MetLife, RBA, NYCFC Stadium*, New Islanders Stadium

Great question. I asked this as well and the answer was no. For the size of arena they are building, there is actually a lack of places available.

When they build these arenas for non-purpose (i.e. it isn’t home to a sports team), they work closely with promoters to understand the acts and audience. A mid-size arena (8,500-12,500) attracts musical acts, the circus, comedians, minor sporting events that won’t be held at an MSG. An arena of this size would sell out 100+ dates a year. There is nothing like it in Westchester County. The nearest arenas of this type would be Albany, Bridgeport or the casinos.

 

[Ulrich]

Isn't there an supersaturation of arenas/stadiums in the NY metro area: MSG, Barclays, Yankee Stadium, Citi Field, Forrest Hills Center, USTA Center, MetLife, RBA, NYCFC Stadium*, New Islanders Stadium

You forgot the Staten Island Yankee’s Richmond County Bank Ballpark & Brooklyn Cyclones MCU Park, plus Icahn Stadium.

 

[FredMertz]

Great question. I asked this as well and the answer was no. For the size of arena they are building, there is actually a lack of places available.

When they build these arenas for non-purpose (i.e. it isn’t home to a sports team), they work closely with promoters to understand the acts and audience. A mid-size arena (8,500-12,500) attracts musical acts, the circus, comedians, minor sporting events that won’t be held at an MSG. An arena of this size would sell out 100+ dates a year. There is nothing like it in Westchester County. The nearest arenas of this type would be Albany, Bridgeport or the casinos.

An arena in Yonkers with no home sports team will be booked 100 dates a year? With what?

 

[Kjbert]

An arena in Yonkers with no home sports team will be booked 100 dates a year? With what?

It’s a casino and hotel. They’ll have musical acts. They’ll play college basketball games there. High school showcases. The carnival. Comedians.

That size arena would have Jason Mraz on Friday and Kevin James on Saturday. They would follow it up with an Iona vs Manhattan game on Sunday. You get the idea.

 

[Bane]

A stadium in Yonkers is a good way to forever destroy your fan-base. This team will sooner play in YS for the next decade than invest in a stadium not in NYC.

 

[SanBartG]

A stadium in Yonkers is a good way to forever destroy your fan-base. This team will sooner play in YS for the next decade than invest in a stadium not in NYC.

Yonkers would be totally asenine and still leave NYC without a team.

 

[Gotham Gator]

I pass that site heading to and from every game. It’s a huge, barely used plot of land. It’s also not near any public transport, nor is it in the five boroughs, which explains why it is a huge, barely used plot of land.

 

[LionNYC]

I pass that site heading to and from every game. It’s a huge, barely used plot of land. It’s also not near any public transport, nor is it in the five boroughs, which explains why it is a huge, barely used plot of land.

Nominee for Post of the Year - Comedy, Real Estate

 

[Rimil]

Front running a Man City bid?

Nuveen Bids Big to Boost Stake in Defaulted Yankees Garage Bonds
2018-09-26 18:30:58.796 GMT


By Martin Z. Braun
(Bloomberg) -- There are some big Yankees fans in the
municipal-bond market -- from Chicago.
Nuveen, the majority holder of $237.6 million defaulted
bonds issued for new parking garages at Yankee Stadium, has
added to its position, driving a big jump in the price of the
securities.
In August, Nuveen bought $5.43 million of debt maturing in
2046 issued by the Bronx Parking Development Corp. for 57 cents
on the dollar, a 54 percent premium to where the bonds traded in
June, according to data compiled by Bloomberg. The company owned
$143.3 million of the bonds by the end of August, according to
data compiled by Bloomberg, and has added to its holdings since
2011.
Yankees parking-garage bonds maturing in 2027 rose to 61
cents after an unidentified buyer bought $3.25 million late
Tuesday and Wednesday, according to Municipal Securities
Rulemaking Board data.
Kathleen Cardoza, a Nuveen spokeswoman, had no immediate
comment.
In July, the New York Times reported that New York City FC,
the Major League Soccer club owned by Manchester City of the
English Premier League and the Yankees, may have found a site
for a 26,000 seat stadium near Yankee Stadium in the Bronx. No
deal has been announced.
Bronx Parking Development Co. issued tax exempt municipal
bonds in 2007 through New York City’s Industrial Development
Agency to build three garages and renovate two others at the new
Yankee Stadium. The garages and five parking lots, which have
about 8,700 public spaces, have suffered as more fans take
public transportation to the Major League Baseball games and
drivers balk at paying $42 to park.

 

[LostAnvil]

Front running a Man City bid?

whoa - has that been posted yet?

 

[Rimil]

whoa - has that been posted yet?

This is the stadium thread, what hasn't been mentions at least thrice.

 

[LostAnvil]

View attachment 9189

This is the stadium thread, what hasn't been mentions at least thrice.

not sarcastic - I saw the timestamp on your post and wasn't sure if that was from a Bloomberg article from today

 

[LionNYC]

Front running a Man City bid?

Not on Bloomberg.com, at least that I can find. On the terminal?