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Message: [QUOTE="supp, post: 901512, member: 702"] The more details come out, the more I'm glad that the parties involved are going to pump the brakes and work out the kinks in this deal. So the potential cost of the multi-purpose stadium is $500 million. The upper limit of state aid is $200 million, the private owner/operator would kick in $100 million for a 30-year lease of the building and get some $5.4 million in rent per year from SU as the primary tenant (I would assume). Good deal for them, as they would double or triple their investment over the course of 30-year lease (counting the Crunch's rent and concessions/parking). But is the yearly rent SU's total contribution to the deal? Do they not kick in money for the construction of the project? If not, where does the remaining $200 million come from? Is this the County's contribution of "several million dollars"? The County would be taking on millions in debt in the form of bonds but how do they plan to pay down that debt? They would own the building but they're essentially turning it over to a private operator for most if not all of its life for $100 million? Before you scoff at that, the Dome is 33 years old and we've been talking about replacing it for 10 years. Not sure that Mahoney has worked out the greatest deal for the taxpayer on that front. The City of Louisville mostly funded the Yum! Center but in return they have yearly revenue streams in rent from UL (even if it is obscenely favorable to UL). They have recently had to create a TIF district around the arena to balance the books. Here we have Onondaga County pitching in a big chunk of the money for the building but seemingly selling their share in it for 50 cents or less on the dollar. Where will the County get the money to pay for the bonds that will be floated? Increased sales taxes? Even if there's an attendance boost, we're talking $7-8 million in debt servicing per year for this project. You're not going to get that much in sales tax. Raising the county's hotel tax? Raising property taxes? [gasp!] The proposed financing for this project is predicated on an immediate and sustained attendance jump in football and undoubtedly a substantial rise in ticket prices. Will more people come? One thing that you can be sure of: the $100 end zone tickets are gone with this project. Will more people come to Kennedy Square or will the suburbanites think that's too "dangerous" a neighborhood to bring their families? Will they be willing to spend more money on tickets and concessions/parking when they can watch it on tv? [/QUOTE]

Verification: What is a Syracuse fan's favorite color?