DAL is no longer the team with the largest in stadium video screen..

[BoysFan4ever]

I wish they'd demo it, but there's yet another proposal on the table to turn it into some sort of convention center deal to complement the rest of Reliant Park. There's gonna be a vote in Nov, I think.

That's not exactly true. I think the tax payers for each municipality paid about the same for stadium costs. Cowboys paid for over half for the stadium. Arlington money was capped at $300m or so. Jerry paid for the rest out of pocket, with the total cost coming in at $1billion.

So your vote is to tear it down? My dad lives in Houston & has this love affair with the Dome. He use to go to the Astros there all the time. I know it's an eyesore now.

 

[WoodysGirl]

So your vote is to tear it down? My dad lives in Houston & has this love affair with the Dome. He use to go to the Astros there all the time. I know it's an eyesore now.

I grew up in FW and still didn't have the love for Texas Stadium as others did. Texas Stadium housed many of my favorite memories, but if you'd ever been to the stadium, it was terrible inside. Same goes for the Astrodome. I'd been to more than a few games there, baseball and football, and it was a dump.

Add to the fact they've spent millions on it annually just to keep it standing, but its uninhabitable. They can't hold any functions in it, because it can't pass inspection. I'm of the mindset, they need to **** or get off the pot. Meaning, do something with it or tear it down. The indecisiveness is annoying.

 

[Rhubarb]

Typical Texan fan: The Cowboys this blah blah blah. Cowboys that blah blah blah. We have (insert player) better than who the Cowboys have. We're going to win our division this year. I just can't stand the Cowboys. Last week was okay - we beat someone in our division. But the Cowboys won which made it just okay. Go, fight, beat the (insert this week's team here). Oh and did I mention the Cowboys s&*k?

Typical Cowboys fan: Who?

 

[BoysFan4ever]

I grew up in FW and still didn't have the love for Texas Stadium as others did. Texas Stadium housed many of my favorite memories, but if you'd ever been to the stadium, it was terrible inside. Same goes for the Astrodome. I'd been to more than a few games there, baseball and football, and it was a dump.

Add to the fact they've spent millions on it annually just to keep it standing, but its uninhabitable. They can't hold any functions in it, because it can't pass inspection. I'm of the mindset, they need to **** or get off the pot. Meaning, do something with it or tear it down. The indecisiveness is annoying.

I never knew who owned the Astrodome. I always thought the Astro owner did.

It is ugly now. Kind of sad.

 

[Doomsay]

I wish they'd demo it, but there's yet another proposal on the table to turn it into some sort of convention center deal to complement the rest of Reliant Park. There's gonna be a vote in Nov, I think.

That's not exactly true. I think the tax payers for each municipality paid about the same for stadium costs. Cowboys paid for over half for the stadium. Arlington money was capped at $300m or so. Jerry paid for the rest out of pocket, with the total cost coming in at $1billion.

It actually is, the Cowboys paid for $276 mm of the $1.2 billion, which is roughly 23%, the remainder of the funding comes from private and municipal bonds and an NFL loan. Arlington and Tarrant county contributions were initially $350 mm combined.

 

[WoodysGirl]

It actually is, the Cowboys paid for $276 mm of the $1.2 billion, which is roughly 23%, the remainder of the funding comes from private and municipal bonds and an NFL loan. Arlington and Tarrant county contributions were initially $350 mm combined.

I don't think we're far apart in what we're discussing, but I do believe the Cowboys covered more than half the cost of the stadium. Every loan taken out to pay for the stadium were by the Cowboys, so out of picket might have been $300m, but they've paid way more than that to get it built.

Hate using wikipedia, but it's the quickest thing I could find.

Originally estimated to cost $650 million, the stadium's current construction cost was $1.15 billion,[18] making it one of the most expensive sports venues ever built. To aid Cowboys owner and general manager Jerry Jones in paying the construction costs of the new stadium, Arlington voters approved the increase of the city's sales tax by 0.5 percent, the hotel occupancy tax by 2 percent, and car rental tax by 5 percent. The City of Arlington provided over $325 million (including interest) in bonds as funding,[18][19] and Jones covered any cost overruns. Also, the NFL provided the Cowboys with an additional $150 million loan, following its policy for facilitating financing for the construction of new stadiums.[20]

From DMN:

The cost of a new Cowboys stadium in Arlington was estimated at $650 million in summer 2004 but escalated throughout planning and construction. The city’s contribution was capped at $325 million, and Jones was responsible for the rest, which was paid with commercial loans, league funding and proceeds from a ticket and parking tax.

 

[Avery]

Imitation is the sincerest form of flattery.

 

[Doomsay]

I don't think we're far apart in what we're discussing, but I do believe the Cowboys covered more than half the cost of the stadium. Every loan taken out to pay for the stadium were by the Cowboys, so out of picket might have been $300m, but they've paid way more than that to get it built.

Hate using wikipedia, but it's the quickest thing I could find.



From DMN:

The cowboys contributed less than a quarter of the stadium costs, that's just a fact. They do back-up the parking and ticket tax bonds with revenues, but they didn't provide the capital. Jerry was really smart to structure the financing this way, all stakeholders are in the black including the city of Arlington (unlike many other of the stadium deals). The public and private bond holders (and municipalities) bear the majority of the risk on the project. I work in finance and know people that worked on this and other stadium financings.

Here is a good analysis of the stadium deal.
http://www.vanderbilt.edu/econ/faculty/Vrooman/cowboys-estimate.pdf

 

[Longboysfan]

I wish they'd demo it, but there's yet another proposal on the table to turn it into some sort of convention center deal to complement the rest of Reliant Park. There's gonna be a vote in Nov, I think.

How about a parking lot...... Multi tier.

Just vote boom.....

 

[Longboysfan]

The cowboys contributed less than a quarter of the stadium costs, that's just a fact. They do back-up the parking and ticket tax bonds with revenues, but they didn't provide the capital. Jerry was really smart to structure the financing this way, all stakeholders are in the black including the city of Arlington (unlike many other of the stadium deals). The public and private bond holders (and municipalities) bear the majority of the risk on the project. I work in finance and know people that worked on this and other stadium financings.

Here is a good analysis of the stadium deal.
http://www.vanderbilt.edu/econ/faculty/Vrooman/cowboys-estimate.pdf

Does this sound similar to the project to relocate the practive facility?

 

[Doomsay]

Does this sound similar to the project to relocate the practive facility?

That deal looks to be mostly publicly financed with the Cowboys paying Frisco a long-term lease on the facility. The town will also benefit from usage in the off (practice) season.

 

[Hardline]

If it were up to me.every team would have a bigger TV screen because I would yank that one in Texas stadium out. That way attention would be focused on the field instead of on a TV.

 

[BoysFan4ever]

If it were up to me.every team would have a bigger TV screen because I would yank that one in Texas stadium out. That way attention would be focused on the field instead of on a TV.

Huh? If every team had bigger screens how would that focus more attention on the field? I'm missing something here.

 

[cowboys2233]

If it were up to me.every team would have a bigger TV screen because I would yank that one in Texas stadium out. That way attention would be focused on the field instead of on a TV.

I think some of you are missing the point. Even if there is a large TV in the stadium, you still get the stadium atmosphere, fans around you, crowd noise, etc. But for those in upper deck seats or at one endzone or another, it's virtually impossible to see the live action on the field with any kind of detail. For those fans, having a TV is a necessity, not a luxury. What the heck is the point of going if you can't see anything? Having high-def TVs gives you the best of both worlds, live game atmosphere and you can still see what the heck is going on (including replays).

 

[speedkilz88]

If it were up to me.every team would have a bigger TV screen because I would yank that one in Texas stadium out. That way attention would be focused on the field instead of on a TV.

Welcome to 2013. They don't play at Texas Stadium any longer.

 

[CanadianCowboysFan]

Huh? If every team had bigger screens how would that focus more attention on the field? I'm missing something here.

he means our fans and team

 

[sacase]

The cowboys contributed less than a quarter of the stadium costs, that's just a fact. They do back-up the parking and ticket tax bonds with revenues, but they didn't provide the capital. Jerry was really smart to structure the financing this way, all stakeholders are in the black including the city of Arlington (unlike many other of the stadium deals). The public and private bond holders (and municipalities) bear the majority of the risk on the project. I work in finance and know people that worked on this and other stadium financings.

Here is a good analysis of the stadium deal.
http://www.vanderbilt.edu/econ/faculty/Vrooman/cowboys-estimate.pdf

ok I am not a finance guy, but it looks like JJ is still on the hook for 850 million. Yeah he ponied up 325 million cash, but he still has to pay the bond, he still has to pay the loan, right? I know this is an oversimplification, but it is like buying a home right? You own it, but you have to finance it and pay the bills.

 

[Doomsay]

Yes, the Cowboys have to pay down the private debt over time (like a mortgage as you point out), but they only put in 23% of the risk capital themselves. It was a fairly highly leveraged deal, but the team essentially got 30% of the stadium for free from local municipalities.

Here is a public private breakdown of some of the other stadium deals: quite a variety of financing compositions.


http://cbsminnesota.files.wordpress.com/2011/12/nfl-funding-summary-12-2-11.pdf

 

[sacase]

But from what I gather its turning out to be a win win for all parties involved. Might of been higher risk, but they are all reaping the reward it seems like.

 

[Red Dragon]

So the two biggest stadium video screens in the nation are in Texas. As a Texan (that is, someone from Texas, not someone who supports the Houston Texans), I don't mind.