Vote in this poll if you actually live in Jackson county.
We've all shared our opinions in the other thread. But who gives a shit what somebody in Platte County or Johnson County or Phoenix or NYC thinks. We're all just noise. [Reply]
Originally Posted by -King-:
When players in free agency say they don't care about money and they just want to find the right fit and a team that wins....you believe that too huh?
What?
You must not know shit about this ballot measure that did not pass.
I can't believe the consensus dumbass opinion in this thread is that the ballot measure was about the Chiefs and staying at Arrowhead.
It was about the Royals trying to get an early out of their lease, because Jackson County is the landlord, the dumbass Royals and their dumbass political consultants decided to have a public vote to approve of getting out of the lease instead of making a plan on the new Stadium and planning on negotiating out of the lease just based on goodwill and having a viable approved plan for the new stadium. [Reply]
My belief that the Chiefs will end up in Kansas has next to nothing to do with what they're offering now. It's the utter incompetence (or outright hostility) of top people on the Jackson County side of things. A lot of things would have to change very fast for me to think Jackson County didn't already lose their chance voting through that first awful proposal. [Reply]
Originally Posted by Katipan:
Guys, I don't know if you know this, but rich people take much bigger risks than building a new stadium for a historical NFL team.
Well, this isn’t really accurate as it relates to STAR bonds. That is an atypical risk with no precedent for this type/scale of project without equity upside.
The “rich people” who buy the bonds don’t have any collateral backing it, nor do they have any claim on the Chiefs’ overall revenues. They only have a claim on the limited tax take in that very defined economic zone.
There’s a reason why this structure isn’t used to fund everything under the sun. [Reply]
Originally Posted by Katipan:
I know you really want that to be true.
I know you think people are just too stupid to understand.
I know that they swapped the field at Empower for 1 game for something like $500,000.
Rich people will do what rich people will do.
I’m not familiar with this Empower example. Can you provide more details so that I can explain why you shouldn’t use this individual instance to paint everything afterward in the same hand-wavey “rich people will do what they do”? [Reply]
Originally Posted by TwistedChief:
I’m not familiar with this Empower example. Can you provide more details so that I can explain why you shouldn’t use this individual instance to paint everything afterward in the same hand-wavey “rich people will do what they do”?
No.
It's really easy to find and whatever anger you're attempting to work through here can be done with Google. [Reply]
It's really easy to find and whatever anger you're attempting to work through here can be done with Google.
Good. I found it. Let's have the discussion.
The Broncos owner spent 400k to replace the field before the final game of the season. He's worth 84bn dollars. He owns the team, and the team's value is impacted by the product he puts on the field. So if he puts a bad product on the field, the value of the franchise could easily go down by more than the 400k he spent to improve the field. That's a person's investing in his own business. That seems entirely reasonable.
STAR bonds on the other hand are a loan with no upside other than a coupon payment. And do you think it's primarily "rich people" who will be loaning that money? I seriously doubt it. I would expect it would be institutions - mutual funds, pension funds, hedge funds - who are largely sophisticated investors making decisions on behalf of their (end) investors who in many cases might be teachers, firefighters, whatever. No institution is going to buy these bonds just because "they're rich" and the Chiefs are a great football team.
There's no anger here. I'm just trying to explain to you how this works because "rich people get what they want from other rich people" isn't really how this would go down. [Reply]
Haven't seen this posted on here today but it's creating some buzz. Mayor Q has said in the comments that he's not giving up, but a lot of people are taking it that way. He posted a whole thread on Twitter today with a few points, basically saying border wars are pointless and for the rest of his term he's keeping a "regional eye" on things and wants to support the entire Kansas City area and not just KCMO.
Maybe because I moved a lot growing up or went to school on State Line, but I can't do the whole Missouri v. Kansas thing. Kansas City's really one place, as all who live here know. We'll grow together long term and decline if we can't figure out how to grow the regional pie.