NFL Relocation Chess Game
If you read the article (link below), the answer is within. Stan Kroenke will open his checkbook and help finance a new stadium in San Diego (equity participation ?). After all, he is one of the nation's leading real estate investors. Also, what needs to be taken into consideration is National Football League teams shared at least $7.1 billion in revenue from the 2016 season, up about 6 percent over 2015. Each of the league’s 32 teams received about $222.6 million for the most recent fiscal year. If you borrow $875,000,000 at 5.000% for 30 years, your monthly payment will be $4,697,189.20, or a annual expenditure of $56,366,270.40
Although the new stadium is being built for the Rams, it is truly a southern Californian real estate play with unprecedented acreage assembled to build a mater planned community. You will see the same methodology used in Denver with Kroenke's participation in a real estate partnership that bought the entertainment park and real estate next to the Pepsi Center, as well as AEG's proposed arena and entertainment center at Fisherman's Village in San Diego. Also, a similar arena real estate mixed use development is extremely successful with LA Live as well Westgate Entertainment District in Arizona. Plus, you have to consider the saturation of a market with two NFL teams. Raiders to Vegas, Chargers remain.
Link to article; https://goo.gl/ceMrZj
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9moBradley, thanks for sharing! I'd love to connect and possibly keep the conversation going!
Pacesetting Marketing Executive & Growth Cultivator
5yBut with that same thinking, does it make sense for him to split the bill with Phil Anschutz? Considering AEG could easily fund the venue with touring acts when different sports aren't in season? Just a thought. Why build two stadiums when you could accomplish the same thing with one?