Results for “louis selden”

I love it- lalaland is starting to see just the tip of the iceberg of the kranke brainstorm. Personally, I’m glad he’s leaving St. Louis (I’m a St. Louis fan) because in two years the lalaland rammitupyourass fans will hate the scumbag as much as we do- except YOU are stuck with him.

Goodbye History, Hello Hamburger.
Ada Louis Huxtable

@alc:

This is not big money despite Curbed’s misleading headline. John Shaw and Georgia took advantage of the naive Midwesterners when they negotiated the original contract, which is why they can break their lease so easily. St. Louis is still going to be paying the bonds on the Dome after the Rams are long gone.

Inglewood is going to be better off with this even if they have to pay some for the road infrastructure, which they normally would anyway. This works a little more like a redevelopment agency deal before they were killed in CA.

@Not Banksy: If that’s the plan it didn’t really work, St. Louis has come up with a plan for a new stadium that requires Kroenke to pitch in $400mil.($200mil up front and $200mil to be repaid later) and still not own the stadium like he would in LA. Factor in how much more the team would be worth here and it’s sort of a no brainer.

This is never going to be built. This whole thing is to pressure St. Louis to build the Rams a new stadium there.

It’s always touching to see some 90-year-old’s imitation Louis XIV crap lying around in a ranch house or modernist den, as though they thought they could turn the Bradys’ living room into Versailles by the intervention of some chintz. Elsewhere, they seem to have given about as much thought to furnishing this place as you might to your average storage unit. I’ll bet $50 that purple shag rug is just rigid with Geritol, and speckled with contact lenses.

I’ve been saying the Rams and Raiders are coming for a long time now, and I do think this has a very good chance of happening. However, it’s interesting to note that Kroenke is married to the daughter of one of the WalMart founders. WalMart owned the land and had planned a supercenter there but faced community opposition, so sold it to Kroenke. This could easily be a loaner so Kroenke has his leveraging tool against St. Louis, and I’m sure he could sell the Inglewood land back to WalMart once/if they cave.

One would expect a serious contender to announce the stadium at the same time that he submitted his documents for the EIR, so as to expedite the process as much as possible, and leave his exposure to examination (during EIR review) as minimal as possible. Kroenke has not begun the EIR process. As a matter of fact, he doesn’t even have a real design. Look at the ONE image that was released-it isn’t even a rendering of the stadium, per se, as much as it is a rendering of the area around it. I have heard about Kroenke working with HKS for six months, and this is all they were able to produce?
A new stadium is about $1Billion, and it does not pay for itself. None of the stadiums built in the last 20 years ever have or ever will. AEG’s proposal relied on an amazing naming rights deal (of about $1Billion for two teams), plus the ability to be utilized with the convention center and the other venues adjacent including Staples Center and LA Live. Even then, they asked for city financing with bonds to make the deal pencil out. While Kroenke may not care about losing money, is partners in the deal do (that’s all they are in it for). And once you start adding the billions, (1 to make th stadium, another to the NFL for the rights to move), it starts to eat into the $5Billion.
And about that naming rights deal. Farmers paid an enormous amount of money for AEG’s naming rights, not because of the football games, but because of the Lakers, Kings and Clippers…helicopters and blimps will take shots of the entier area (including Farmers Field) 150 times a year, not just the 8 NFL home games. That is value that Inglewood cannot match. Additionally, guess why you don’t see a lot of aerial shots of the Inglewood site…it’s in the LAX flight path. No blimp shots!
Inglewood is not a good site for an NFL stadium. The site is 1.5 miles from the nearest freeway ramps, accessed through residential neighborhoods. The La Brea/Florence site is not viable for transit. Planners usually use 1/2 mile for catchment area calculations, but 1/4 mile is a more accurate predictor of the distance people are willing to walk to metro. And this is one station.
And exactly what are the Rams doing next year? The NFL immediately reiterated that no team will move homes in 2015. This will be the first time a team has announced they were moving, without moving (understanding that they only said "the owner of the Rams were building an NFL stadium," not that the "Rams were moving," but i think the point is irrelevant). The Rams can expect to have the worst attendence at home EVER. That is leverage, but it’s not quite clear what the leverage will be used for. Maybe Kroenke wants to leverage the NFL with the unavoidable embarrassment of this in order to force them to let him move early. Anheuser Busch will present their plan for a St. Louis stadium within a couple weeks. While they have said that they will not engage in a bidding war, it’s too late-it already is one.

@greybeard: From what I read, Kroenke and his development team are going to short-cut the EIR process by putting this to a popular vote of Inglewood residents. If a development is approved by the city’s residents – why wouldn’t this get approved? – you don’t have to do a lot of the EIR documents since the City’s residents have already approved it. This makes the whole process much shorter. Plus, the development team already approval for some of the site and they have already started construction.

Financing is a different question – I have not read anything about who is going to be paying for this. And you’re right – these are big numbers. Please note – Farmers has paid zero so far. Farmers doesn’t have to pay until the stadium gets built. Also, please note that the city financing in L.A. was for the parking structures to be built to support the stadium as well as reconfigure the Convention Center, which would be all owned by the City. I have no problem with the City paying for buildings it is going to own.

All and all, I have been reading-up to see if this is really a negotiating tactic with St. Louis but that seems strange to me since this was announced with the development team. I don’t know of any development team, especially ones like Stockbridge Capital and Wilson Meany, that would allow themselves to be used as pawns in a bidding war. With all that said, I think you hit the nail on the head – this is now a bidding war.

@I Like Buildings: "All and all, I have been reading-up to see if this is really a negotiating tactic with St. Louis but that seems strange to me since this was announced with the development team. I don’t know of any development team, especially ones like Stockbridge Capital and Wilson Meany, that would allow themselves to be used as pawns in a bidding war. With all that said, I think you hit the nail on the head – this is now a bidding war."

I think you nailed it. What Kroneke has done is serve notice to St. Louis that he’s essentially done with them. Unless they give him exactly what he wants, a new stadium, he’s packing for the sunny shores of LA LA land where he’ll build exactly what he wants.