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  1. #11
    Marrdro's Avatar
    Marrdro is offline Beware My Spreadsheet, Bitches!
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    Re: Two L.A. groups have shown interest in Minnesota V

    Quote Originally Posted by "NodakPaul" #1080772
    My honest opinion is that a stadium deal will get done this year. Yes, there is a decent possibility of the state losing the Vikings, but I think there is a greater chance that a stadium will be put in place.

    The encouraging news that I heard, both from this online chat as well as some of my own sources is that they are engaged in discussions on three different sites in the metro area, and plan to solidify a plan before going to the legislature in 2011.

    From what I have heard, one of the sites is on the site of the metrodome. The second site is also in Minneapolis, but closer to Target Field to create a sports district. This one confuses me a little bit, because they need approximately 9 city blocks for a stadium, and I can't for the life of me figure out where they would get this in that area. However, this seems to agree with the LA tour that they took last year. The final site is confirmed as in the suburbs, and I have heard Brooklyn Park floated around a couple of times. Not sure if that is the actual location, or if it is just rumor, but it would make sense - lots of land still, and multiple interstate and highway access.
    As always, I defer to your knowledge on this.

    If what you say is true (and I believe it is) that is very good news my friend. Very good indeed.
    Many many thanks to my talented friend Jos for the new Sig.http://img.photobucket.com/albums/v343/josdin00/Vikings/Marrdro_sig.jpg

  2. #12
    mountainviking's Avatar
    mountainviking is offline Team Alumni
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    Re: Two L.A. groups have shown interest in Minnesota V

    And then we still have the naming rights and the possibility of pre-building sales of boxes to big money guys like Prince. It shouldn't be that hard to get done.
    Control the line, control the time, and give your D a chance to shine!!

    "Balance it on end and thats the third side of the coin!!" -wookiefoot

  3. #13
    midgensa's Avatar
    midgensa is offline Jersey Retired Free Kick Specialist 3 Champion
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    Re: Two L.A. groups have shown interest in Minnesota V

    They will get a stadium deal done this year.

    Legislators have been putting it off longer and longer because they COULD with the Metrodome lease. The Vikes will get their new stadium approved this year ... and in general it will be a GOOD thing on the resumes of the politicians that approve it.

    There will be plenty of detractors, but they will not be as loud and seen as those that want the Vikes to stay and want the deal done.

    I am not even from Minnesota, have no ties to the area at all. I am a completely random Vikings fan that grew up in Central Virginia. But I would still feel like my heart was ripped out if they moved. Kind of weird.

  4. #14
    tarkenton10's Avatar
    tarkenton10 is offline Star Spokesman
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    Re: Two L.A. groups have shown interest in Minnesota V

    Quote Originally Posted by "NodakPaul" #1080798
    Quote Originally Posted by "mountainviking" #1080784
    MN is so divided when it comes to sports. On one hand we have the diehard, I-bleed-purple people who are willing to sacrifice body parts for their team(s). On the other we have folks fighting tooth and nail to see that no money goes toward sports that isn't at least matched toward arts, education, politics etc...

    I think many are so focused in on their particular view that they don't see the big picture...and perhaps don't want to. Truth is, the Vikings bring business to the Twin Cities from 4 neighboring states (without NFL teams) and Canada, not to mention the more rural areas of our own state.

    The Metrodome holds around 65000 people. On average, they spend what while traveling to/from/thru the Cities?

    Gas 25
    Food 25
    Beer/drinks 25
    Hotels 30
    Shopping 25

    So, I'm totally guessing, but I spend a lot more than that, and I'm allowing for lots of people who spend nothing, but we're to $130/person already, or 8.45 million dollars per game, which would be 67.6 million dollars over the course of 8 home games. Then there are preseason and possibly playoffs too. That is a huge chunk of spending for the downtown and surrounding areas that would be greatly missed...especially considering much of the NFL season is during the slower months!

    I don't know what the sales tax is there, but we're at 7.5% out here and that % would yield over $5 million in just sales taxes for the government each year too!!

    Then, there are all the jobs of rebuilding the thing and what's more, all the jobs of bars, restaurants, shops, and lodging in the area that would be negatively effectes as well! It seems a no-brainer to me, but I live out here in CO, so my say isn't worth much.
    There are actually existing studies on the direct and indirect tax impact of the Vikings. You can see most of them in the MSFC archives.

    Direct tax for the existing stadium (bringing in sales tax and income tac) is just under $25 million per year. Direct tax for a new stadium is expected to be over $30 million per year. Some stats say as high as $45 million, but I think that is a gross overestimate.

    And the Vikings have also said that they would be willing to sign a lease until 2045 with a new stadium, so not even counting inflation (falt rate calculation assuming income and cost of living does not go up over the next 35 years), the state would see between $800 million and $1 billion returned in DIRECT tax revenue. That is not even counting the indirect revenue.

    So there is no question as to whether the state would recoup their money - they absolutely would. This is one of the reasons that I truely believe that it will get done. HOWEVER, there are other investments that the state could invest $750 million in that would generate a much higher return on investment. The legislatures need to look at the opportunity cost involved in a stadium deal and decide if the intangible benefits are worth the cost. This is also why bills like Racino, which provide continuing income (from a new non-tax source) after the stadium is paid for, have a much smaller opportunity cost. I personally don't like the Racino bill as much, but I think it is going to be the best solution.
    You are only talking about the tax revenue the state will get from the stadium. What about the taxes from all the millionaire salaries that play for the team? What about the jobs saved at the stadium? And what about the money spent by those guys. I would imagine they would spend a lion's share of their salary in Minnesota buying houses, cars, boats & electronics. You would lose a lot of money losing that franchise. What about the taxes Wilf pays on the Viking merchandise purchased all over the country? Does some of it go to the state? There are so many ways that frnachise brings in money to the state. Why do you think LA is trying so hard to get a franchise?

    There s only two things stopping you - fear and common sense!! The Truth you CAN"T HANDLE THE TRUTH!!!!!!!!

  5. #15
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    Re: Two L.A. groups have shown interest in Minnesota V

    I am not even from Minnesota, have no ties to the area at all. I am a completely random Vikings fan that grew up in Central Virginia. But I would still feel like my heart was ripped out if they moved. Kind of weird.
    I feel the same way, even living here in Boise Idaho. It just wouldn't be right after growing up and always watching the MINNESOTA vikings. Yes they would actually be closer to me, but the pops and I enjoy the trip to Minnesota.

  6. #16
    NDVikingFan66's Avatar
    NDVikingFan66 is offline Team Alumni
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    Re: Two L.A. groups have shown interest in Minnesota V

    I wish I could say I was putting together a group to fund a stadium, or buy the team, and keep them here, but my portfolio and income have suffered a reduction due to the recession of the past couple of years.

    I appear to be about $900 million short right now

  7. #17
    Infidel is offline Star Spokesman
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    Re: Two L.A. groups have shown interest in Minnesota V

    I thought you ND guys were all oil barons now...

    Did you sell your mineral acres too soon?
    It's what you learn after you know it all that counts.
    --John Wooden

  8. #18
    NodakPaul's Avatar
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    Re: Two L.A. groups have shown interest in Minnesota V

    Quote Originally Posted by "tarkenton10" #1080816
    Quote Originally Posted by "NodakPaul" #1080798
    Quote Originally Posted by "mountainviking" #1080784
    MN is so divided when it comes to sports. On one hand we have the diehard, I-bleed-purple people who are willing to sacrifice body parts for their team(s). On the other we have folks fighting tooth and nail to see that no money goes toward sports that isn't at least matched toward arts, education, politics etc...

    I think many are so focused in on their particular view that they don't see the big picture...and perhaps don't want to. Truth is, the Vikings bring business to the Twin Cities from 4 neighboring states (without NFL teams) and Canada, not to mention the more rural areas of our own state.

    The Metrodome holds around 65000 people. On average, they spend what while traveling to/from/thru the Cities?

    Gas 25
    Food 25
    Beer/drinks 25
    Hotels 30
    Shopping 25

    So, I'm totally guessing, but I spend a lot more than that, and I'm allowing for lots of people who spend nothing, but we're to $130/person already, or 8.45 million dollars per game, which would be 67.6 million dollars over the course of 8 home games. Then there are preseason and possibly playoffs too. That is a huge chunk of spending for the downtown and surrounding areas that would be greatly missed...especially considering much of the NFL season is during the slower months!

    I don't know what the sales tax is there, but we're at 7.5% out here and that % would yield over $5 million in just sales taxes for the government each year too!!

    Then, there are all the jobs of rebuilding the thing and what's more, all the jobs of bars, restaurants, shops, and lodging in the area that would be negatively effectes as well! It seems a no-brainer to me, but I live out here in CO, so my say isn't worth much.
    There are actually existing studies on the direct and indirect tax impact of the Vikings. You can see most of them in the MSFC archives.

    Direct tax for the existing stadium (bringing in sales tax and income tac) is just under $25 million per year. Direct tax for a new stadium is expected to be over $30 million per year. Some stats say as high as $45 million, but I think that is a gross overestimate.

    And the Vikings have also said that they would be willing to sign a lease until 2045 with a new stadium, so not even counting inflation (falt rate calculation assuming income and cost of living does not go up over the next 35 years), the state would see between $800 million and $1 billion returned in DIRECT tax revenue. That is not even counting the indirect revenue.

    So there is no question as to whether the state would recoup their money - they absolutely would. This is one of the reasons that I truely believe that it will get done. HOWEVER, there are other investments that the state could invest $750 million in that would generate a much higher return on investment. The legislatures need to look at the opportunity cost involved in a stadium deal and decide if the intangible benefits are worth the cost. This is also why bills like Racino, which provide continuing income (from a new non-tax source) after the stadium is paid for, have a much smaller opportunity cost. I personally don't like the Racino bill as much, but I think it is going to be the best solution.
    You are only talking about the tax revenue the state will get from the stadium. What about the taxes from all the millionaire salaries that play for the team? What about the jobs saved at the stadium? And what about the money spent by those guys. I would imagine they would spend a lion's share of their salary in Minnesota buying houses, cars, boats & electronics. You would lose a lot of money losing that franchise. What about the taxes Wilf pays on the Viking merchandise purchased all over the country? Does some of it go to the state? There are so many ways that frnachise brings in money to the state. Why do you think LA is trying so hard to get a franchise?
    Actually, yes I DID include the income tax for all the players in that.

    And you seem to be under the impression that I am against the stadium here - I'm not. In fact I am one of the biggest advocates for it. The $25+ million is what the state would LOSE in non-fungible income if the Vikings move. The intangibles are harder to estimate because a) most of it comes from fungible resources, and b) there is no direct way to measure it. So I purposely don't try and add it to my platform because it can be argued too easily. By sticking to the facts - the non-debatable facts - it takes the wind out of the sales for all but the most fanatical anti-stadium folk.
    Zeus wrote:
    When are you going to realize that picking out the 20 bad throws this year and ignoring the 300 good ones does not make your point?

    =Z=

  9. #19
    jmcdon00's Avatar
    jmcdon00 is offline Jersey Retired Snake Champion, Moto Trial Fest 2: Mountain Pack Champion, LL City Truck 2 Champion, Arithmetic sequence Champion, Troops Tower Defense Champion
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    Re: Two L.A. groups have shown interest in Minnesota V

    I say build it next to Mall of America. You already have the infrastructure in place to handle traffic, mass transit, parking and hotels. Lots of open space to develop in the area. And it's one of the biggest tourist destinations in the country already. I bet the per capita spending from out of towners would about double.

    I would think the Mall of America would be happy to pitch in for naming rights, and to have the actual Mall of America shown on national tv a couple times a year.

  10. #20
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    Re: Two L.A. groups have shown interest in Minnesota V

    Quote Originally Posted by "midgensa" #1080809
    They will get a stadium deal done this year.

    Legislators have been putting it off longer and longer because they COULD with the Metrodome lease. The Vikes will get their new stadium approved this year ... and in general it will be a GOOD thing on the resumes of the politicians that approve it.

    There will be plenty of detractors, but they will not be as loud and seen as those that want the Vikes to stay and want the deal done.

    I am not even from Minnesota, have no ties to the area at all. I am a completely random Vikings fan that grew up in Central Virginia. But I would still feel like my heart was ripped out if they moved. Kind of weird.
    :dry:

    Bandwagoneer!

    LOL!

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