Tuesday, December 15, 2015

This Week in the Bucs Stadium Saga

The Tampa Bay Buccaneers' plan to split costs with taxpayers on their $90-$100 million stadium renovations (designed to net the team new revenue) got by the first of three hurdles today as the county-sponsored Tampa Sports Authority board approved the deal its staff struck, 10-to-1. 

But tougher challenges await as the deal needs approval from the Hillsborough Co. commission & Tampa city council on Wednesday and Thursday, respectively. 

Sticking points, as previously reported on this blog, could be the team's refusal to extend its lease, additional preseason "home" games they'll be able to play in other cities, and $3 million in extra money the Bucs got the county to throw in to make their new giant scoreboards even giant-er.

The good news for taxpayers is that the county stands to gain a little money on those non-NFL events the Bucs currently keep the majority of profits from, as the revenue splits will shift a little bit in the taxpayers' favor:
The TSA estimate is nearly identical to the $149,000 estimate published on this site but quite a bit off of Commissioner Hagan's rosy $250,000 estimate repeated to several news outlets.

Hagan, the deal's biggest proponent on both the TSA board and the Hillsborough County commission, also said the public will make money because they typically lose money on the tens of thousands of fans who attend preseason games (!?!).  Read about the contradictions in that statement here.




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13 comments:

  1. RussDecember 15, 2015 at 8:57 PM

    So $tu is gonna find a pitch perfect place in Hillsborgough? can't stop laughing at that thought. Montreal. HAHa! Time for $tu to get some Coyote love. http://www.fieldofschemes.com/2015/12/11/10244/coyotes-may-move-to-50-year-old-arena-to-get-away-from-glendale/

    ReplyDelete
  2. AnonymousDecember 16, 2015 at 8:18 AM

    Unfortunately, their won't be a MLB team playing in Montreal anytime in the next 25 years.

    ReplyDelete
    Replies
    1. PATDecember 16, 2015 at 9:16 AM

      FYI, Eric Gagne said this morning that a second billionaires group is lining up in Montreal. The owner of the MHC land is part of that group (even if the land is way too small but very well located) and most investors are from the US.

      This is the perfect scenario for Montreal, 2 or even 3 groups lining up to get a team (expansion or relocation). Because for an expansion team, Montreal need a second city. And second investors group may be ready to get a team elsewhere.

      BTW, MLB Network is in Montreal this week, shooting a documentary on the Expos. Nostalgia? No.

      Stay Tuned, major announcements are coming from Coderre before April 2016.

      Delete
    2. AnonymousDecember 16, 2015 at 11:46 AM

      The Montreal MLB dream won't be occurring anytime soon. I agree with the other post above. It may happen in 15-20 years with expansion. Not a second sooner.

      Delete
    3. MattDecember 16, 2015 at 3:46 PM

      Trolling and agreeing with your own statements again, I see. Maybe in the new year, you can get a new hobby, and stop spouting off the same garbage about Montreal not getting a team. Or maybe you could actually attend a Rays game.

      Delete
    4. AnonymousDecember 17, 2015 at 7:59 AM

      I agree with the other 2 "posters." Montreal won't be getting a MLB. There is no reason to expand there. Big waste of time.

      Delete
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    ReplyDelete
  4. AnonymousDecember 16, 2015 at 11:07 AM

    Hagan: "Whether taxpayers lose money or gain money, taxpayers win!"

    ReplyDelete
  5. scott myersDecember 16, 2015 at 12:59 PM

    Noah, you state:
    "The Tampa Bay Buccaneers' plan to split costs with taxpayers on their $90-$100 million stadium renovations (designed to net the team new revenue)..."

    What new revenue will the team net from these renovations?

    ReplyDelete
    Replies
    1. Noah PranskyDecember 17, 2015 at 1:44 PM

      Your guess is as good as mine. Pretty safe to say more than $58 million.

      Delete
    2. scott myersDecember 17, 2015 at 7:32 PM

      Hi Noah,

      I don't have a guess. You made the statement "The Tampa Bay Buccaneers' plan to split costs with taxpayers on their $90-$100 million stadium renovations (designed to net the team new revenue)..."

      On what basis do you make that statement?

      Delete
    3. scott myersDecember 17, 2015 at 7:33 PM

      This comment has been removed by the author.

      Delete
  6. scott myersDecember 16, 2015 at 5:12 PM

    This comment has been removed by the author.

    ReplyDelete

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