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Stadium Saga Part XIII: Blowing the Roof Off
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vike daddy


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PostPosted: Sun Apr 14, 2013 5:45 pm    Post subject: Reply with quote

[UMN] wrote:
I just hope they design the stadium to be just as good of a MLS stadium as an NFL stadium.

what's a soccer stadium need to be high shelf?
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Klomp


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PostPosted: Sun Apr 14, 2013 7:02 pm    Post subject: Reply with quote

Purplexing wrote:
3. The Metrodome could host other events.


The Metrodome was never going to host another Final Four, never going to host another Super Bowl. Those are the big draw events.

Most concerts (I'd say over 90%) will choose the X or even the Target Center over the Metrodome.
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Purplexing


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PostPosted: Sun Apr 14, 2013 9:10 pm    Post subject: Reply with quote

Klomp wrote:
Purplexing wrote:
3. The Metrodome could host other events.


The Metrodome was never going to host another Final Four, never going to host another Super Bowl. Those are the big draw events.

Most concerts (I'd say over 90%) will choose the X or even the Target Center over the Metrodome.


Please give up on this line of reasoning. It's naive and ignores costs.

January 2013 study:

http://www.cbsnews.com/8301-505123_162-57566434/as-economic-boost-super-bowl-underwhelms/

Read this ^ thoroughly.

Spending a $B for a stadium so that a SB can be hosted, among other things, is a flawed argument. I see people repeat it after the read someone else state it as fact.

There is a BIG difference between revenue and profit.

People who claim significant economic benefits to a city hosting a SB are grossly inflating the actual benefit, which may actually be negative if expenses are not controlled.
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vike daddy


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PostPosted: Sun Apr 14, 2013 9:17 pm    Post subject: Reply with quote

huh?

i don't think that was the point Klomp was making.
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Purplexing


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PostPosted: Sun Apr 14, 2013 9:20 pm    Post subject: Reply with quote

disaacs wrote:
Purplexing wrote:
1. The People's Stadium is not the Vikings Stadium. MN pays more than half.

2. No one is stopping the Wilfs from investing in downtown Mpls or anywhere else.

3. The Metrodome could host other events.


1. It is essentially their stadium, as they are the primary tenant, and will have control over much of the revenues that the stadium will generate in-season.

2. Your response makes no sense, considering I wasn't referring to investing outside the stadium. Revenue generation from the football organization for most NFL owners comes from in-game revenues, not investing in outside ventures or places.

3. The Metrodome's life span for even hosting other events was limited. I believe you are mistaken if you think the Metrodome could have continued for much longer hosting other events. Certainly, they probably could have, but that would have been at the expense of losing the Vikings, who in 10 games generate 16 times more revenue than all other non-Vikings' events combined. You'd essentially be looking at the Metrodome as FargoDome South.


1. essentially.... primary..... do not cancel out the ownership stake of the state and city.... unless the Vikings up their stake to 100%.

2. I can't read your mind regrding 'opportunity to generate more revenue'. Be specific and I will reply.

I don't see how anyone is blocking the Wilfs from other revenue streams in or outside a stadium.

3. I'm not sure what you mean by limited hosting ability.
If you think the walls will crumble, you may be right. If you think soccer or baseball games or concerts or similar other events can't be held there because the Vikings no longer play football there, I don't understand why that is the case.

If I were able to buy tix to see the Rolling Stones wheeled out in wheel chairs for a 2015 concert at the Metrodome, I wouldn't care in the least if the walls were in need of paint, the aisles narrow, and the floors worn. I'm there for the event, not the arena. Three hours later, I'd not be thinking about the drab and worn decor at all.
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Purplexing


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PostPosted: Sun Apr 14, 2013 9:20 pm    Post subject: Reply with quote

vike daddy wrote:
huh?

i don't think that was the point Klomp was making.


Perhaps he was.
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Purplexing


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PostPosted: Sun Apr 14, 2013 9:24 pm    Post subject: Reply with quote

No one needs a degree in Finance to consider the financing options that now have to be considered...

Gambling other than e-pulls.
Tax increase.
PSL increase.
User fee increase, including higher tix prices.
Vikings contribution increase.
NFL contribution increase.
Less expensive stadium; e.g. no roof.

Am I missing any?
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Klomp


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PostPosted: Sun Apr 14, 2013 9:29 pm    Post subject: Reply with quote

Purplexing wrote:
3. I'm not sure what you mean by limited hosting ability.
If you think the walls will crumble, you may be right. If you think soccer or baseball games or concerts or similar other events can't be held there because the Vikings no longer play football there, I don't understand why that is the case.


Klomp wrote:
Most concerts (I'd say over 90%) will choose the X or even the Target Center over the Metrodome.

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Purplexing


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PostPosted: Sun Apr 14, 2013 9:35 pm    Post subject: Reply with quote

Klomp wrote:
Purplexing wrote:
3. I'm not sure what you mean by limited hosting ability.
If you think the walls will crumble, you may be right. If you think soccer or baseball games or concerts or similar other events can't be held there because the Vikings no longer play football there, I don't understand why that is the case.


Klomp wrote:
Most concerts (I'd say over 90%) will choose the X or even the Target Center over the Metrodome.


Thus implying the other 10% must be the largest, most profitable concerts that would fill for a top name act ( e.g. Rolling Bones ) and are too big for the smaller arenas.

This doesn't eliminate the possibility that the Metrodome could remain open so that a new stadium doesn't need a roof.
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vike daddy


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PostPosted: Sun Apr 14, 2013 9:38 pm    Post subject: Reply with quote

Purplexing wrote:
Thus implying the other 10% must be the largest, most profitable concerts....

just because a concert event or act is large doesn't mean it's always profitable. read up on all the money Pink Floyd lost touring.


Purplexing wrote:
There is a BIG difference between revenue and profit.

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Klomp


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PostPosted: Sun Apr 14, 2013 9:40 pm    Post subject: Reply with quote

Purplexing wrote:
Thus implying the other 10% must be the largest, most profitable concerts that would fill for a top name act ( e.g. Rolling Bones ) and are too big for the smaller arenas.


No, I wasn't implying that.


Look at the concerts lining up to book the X: http://www.xcelenergycenter.com/events

...and Target Center: http://www.targetcenter.com/events/all

Now look at all the concerts lining up to book the Metrodome: http://www.msfc.com/detail.cfm/page/msfcSite_UZPZYVQT_PFVOHZNS/
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vike daddy


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PostPosted: Sun Apr 14, 2013 9:44 pm    Post subject: Reply with quote

Klomp wrote:
Look at the concerts lining up to book the X: http://www.xcelenergycenter.com/events

Fleetwood Mac is still alive and playing?

shocking!

Shocked
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Bermuda Viking


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PostPosted: Sun Apr 14, 2013 10:43 pm    Post subject: Reply with quote

July 18th you guys have to pick between Beyonce and One Direction!!! What will you do?!!!
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TheGreatZepp


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PostPosted: Mon Apr 15, 2013 12:04 am    Post subject: Reply with quote

I read this to get up to date on the progress for the stadium and read page after page of garbage...



To actually contribute something. Everything seems to be in a really tough and sticky situation. Now it seems they have to find a way to create new revenue, really their only option at this point.

I definitely think more can be squeezed out of Wilf, both LA stadiums are dead in the water and there's no other serious contender ready to take a team. With the LA threat seemingly lesser, the leverage of the teams went down. Poor economy says they should wait to build but I understand the urge, it just needs to cost Wilf more, the economic impact isn't as great as sports teams want you to believe, best impact in my view is positive feelings from fans which certainly has it's benefits but is hard to real put in financial context.
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vike daddy


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PostPosted: Mon Apr 15, 2013 12:27 am    Post subject: Reply with quote

TheGreatZepp wrote:
I read this to get up to date on the progress for the stadium and read page after page of garbage...

seems ironic, coming from a member who spends most of his time in the Green Bay forum, KNOWN for having pages and pages of garbage.

Wink


the progress on the stadium is...

** expected revenue from e-tabs has been much lower than expected. some say it will never amount to the expected amount, some say it will take more time to be able to.
** some legislators are proposing to tax items now that they promised in the past not to (sports memorabila, luxury suites, tickets).
** one legislator attempted to put the stadium bill on hold.
** designs plans to be unveiled next month.
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Last edited by vike daddy on Mon Apr 15, 2013 12:48 am; edited 1 time in total
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