I’m really sorry for them that they found us.
Stadium Discussion
- Thread starter Gene
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I’m really sorry for them that they found us.
Is it a coincidence that the 2nd proposal as almost the same amenities going to be built (medical center, school etc) or were those requirements for the bid
And if the state gets a better offer, they are free to take it. If they don’t, it tells you something.
Though I'm not certain you should be using the full $100m in this analysis. $25m is for the platform, and its estimated that it would cost an additional $75m to build the stadium on that site due to it.
It's likely that other developments would also be more expensive due to it, but perhaps not the additional $75m, so I would imagine its some portion of that that could be used, though I don't know how to even arrive at that figure.
I just hope some of them decide to be bold and start reading from Page1.
That $100M is for remediation and the platform. $25M for R and $75 for P.
Just realized something that could throw a kink into both proposals, and NYCFC's is better positioned financially to weather it, but that $75M platform that was projected last year is not gonna cost $75M, but it's gonna cost a hell of a lot more thanks to recent steel tariffs. And that's just the platform. The other proposal has 7 buildings, which theoretically could be built out of concrete, but steel is the likely way to go so as not to be mixing a steel platform with concrete buildings (economy of scale and using a single sub rather than mixing two that have to work together). NYCFC's stadium will (almost assuredly) also be a steel superstructure, so it's cost will go up. At least NYCFC has deep pockets. That other proposal is gonna have to find additional private financing, and it's luxury apartments will likely go up in price - or the number of affordable apartments will go down.
We can have it printed and bound in 2022/2023. And read from beneath the David Villa statue. My favorite passages when
Rimil leads a group of die hard Fans from Randall’s Island across the Bronx Kill to the promised land. They then wander drunendky around Port Morris till they are sober enough to arrive at the 40th Minute of our first match.? $18.5 Million NPV plus $100 million to remediate?
It looks like my $100 Million was wrong. It should be $18.3 Million NPV plus $25 Million I think.
How big is the plot of land for the stadium? 12.5 acres?
$3.5 Million per acre for a 99 year lease. What does an acre go for in the South Bronx
I am on to your subtle allusion. I am flattered to be given such a role, but alas it means i won't live to see opening dayWe can have it printed and bound in 2022/2023. And read from beneath the David Villa statue. My favorite passages when
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No. It’s $118 million. Nothing can be built there until the $100 million is spent.
New York City can't tax things owned by New York State. Same reason why a state can't tax things owned by the Federal government.
I hope they make a 30 for 30 about this thread.
Why would the state pay for those capital improvements unless they were developing the land for their own use?
No it doesn't. It boosters the argument that they're better served selling it. In fact, that was my whole point all along.Kind of pops the balloon of theFredMertz argument.
