Quote:
Originally Posted by mistercorporate
Who said the Feds will pay for a stadium, they will certainly finance parts of any Olympic bid, but the province can pay for a stadium.
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Province can't afford it. Neither can the city 'cept maybe the land. The deficit is bad enough as it is.
Nossir if the economic benefits are as great and the NFL is as major league as the NFL boosters such as yourself say it is, then nothing less than a minumum of 80% private funding will do.
50,000 season ticket holders with an average private seat license of $10,000
50,000 * 10,000 = $500,000,000
150 suite holders paying an average private suite license of $200,000 per suite
150 * 200,000 = $30,000,000
Private consortium of owners coming up with $100 - $200 million to build a stadium.
NFL loan of $150 million to be paid back in due time. The Vikings received a loan from the NFL to build the new Vikings stadium and I believe this was the amount. I think similar amounts have been given to recently constructed NFl stadiums as well
Stadium naming rights. Say 20 yrs at $15 million, possibly $20 million per year
20 * 15,000,000 = 300,000,000
or
20 * 20,000,000 = 400,000,000
so there you have it - $1.08 billion - $1.28 billion could be raised for a $1 billion stadium (obviously much more than this as it would be paid for over several years and thus accrue interest). If Toronto is such a sure thing for the NFL and makes sense economically then the wannabee owners should have no problem raising the money with minimal public investment. Miright?