Stadium Discussion
- Thread starter Gene
- Start date
Why does everyone remember this song, but nobody remembers 853-5937 by squeeze?
Of course, they've both been surpassed by 1-800-273-8255.
But in all seriousness, where are we on the Ringelmann smoke scale in terms of a stadium deal near the GAL Elevator location? Seems like we are at least a 2 right now, with a couple of low level rumors pointing to it being (1) preferred, (2) active, and (3) progressing.
Or, if you prefer more granularity, feel free to use the Bacharach scale:
Or, if you prefer more granularity, feel free to use the Bacharach scale:
You jackalope, just tell us what you know.
EDIT: Also, am I dense, or is there basically no change in the bond price since it was last posted around here (pg 745). A couple more trades in the $60's, but nothing major. What gives?
https://imgur.com/a/60F7WvB
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I prefer the Burt Bacharach scale. Hoping we are at “Ti.”But in all seriousness, where are we on the Ringelmann smoke scale in terms of a stadium deal near the GAL Elevator location? Seems like we are at least a 2 right now, with a couple of low level rumors pointing to it being (1) preferred, (2) active, and (3) progressing.
Or, if you prefer more granularity, feel free to use the Bacharach scale:
https://www.municipalbonds.com/bonds/issue/649438FN3/
Most recent trades last week between $61 and $62. That's down from $66-67 last December, but still much better than the December 2017 low of $20.
https://nycfcforums.com/index.php?threads/stadium-discussion.21/page-745#post-268024
https://nycfcforums.com/index.php?threads/stadium-discussion.21/page-722#post-260684
Why are bond prices important? It’s over my head, I am a truck driver with a BA in philosophy.
A major change change in prices would indicate speculation surrounding the underlying asset. The speculation in this case would be that investors believe a stadium deal will bail out the bondholders. There has not been any recent change, but as noted above, they have increased dramatically from their lows. The only real reason for that would be that some type of deal might be imminent.
Could other things affect the bond price though? Like other development somewhere in the city?
