Reply to thread

Message: [QUOTE="Townie72, post: 1900897, member: 780"] I don't know what you know. But I find your comment "mystifying". Neither chairs nor paint would have kept the Titanic off the Ocean floor. I know a little about construction and $100M is big bucks, especially for a simple structure (Versus a Hospital, for example). If someone is giving them that money (as occurred in 1980) than that's one thing. But if they are borrowing the money and have to pay it back, then you've got to have additional revenue. No seats are being added as I understand it. So maybe they are counting on the incremental revenue associated with filling the stadium. 10,000 seats x 6 games x $50 = $3 Million per year 15,000 seats x 6 games x $75 = $6.7 Million per year. $100M to get that? At an Incremental $6.75M per year that's a 14 year payback. [/QUOTE]