The Patriot LedgerPaul Millsap and Tim Hardaway Jr. each had 23 points for Atlanta. The Hawks had won 12 of 16 to move into fourth place in the Eastern Conference. But the third-place Celtics hit 17 3-pointers and got a season-high 26 points from reserve forward Kelly …Celtics’ Al Horford hasn’t looked back since leaving […]
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Saturday, January 14, 2017
Trump to John Lewis: Fix your ‘horrible’ Atlanta district – Atlanta Journal Constitution
Atlanta Journal ConstitutionPresident-elect Donald Trump labeled a congressional district that sweeps through the heart of Atlanta as a “crime infested” area that is in “horrible shape” in an early-morning tweet Saturday aimed at one of his most outspoken Democratic critics.Trump responds to John Lewis: Fix your ‘horrible’ Atlanta districtAOL NewsDonald Trump says John Lewis is […]
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Celtics 103, Hawks 101: Horford wins in return to Atlanta – Enterprise News
Enterprise NewsIsaiah Thomas scored 13 of his 28 points in the fourth quarter, Al Horford made a triumphant return and the Boston Celtics snapped the Atlanta Hawks’ seven-game winning streak with a 103-101 victory. By George HenryThe Associated Press. ATLANTA …Horford makes first return to AtlantaMetroWest Daily NewsHorford surprised to hear so many boos back […]
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Trump to John Lewis: Fix your ‘horrible’ Atlanta district – Atlanta Journal Constitution (blog)
Atlanta Journal Constitution (blog)President-elect Donald Trump labeled a congressional district that sweeps through the heart of Atlanta as a “crime infested” area that is in “horrible shape” in an early-morning tweet Saturday aimed at one of his most outspoken Democratic critics. and more …read more From:: Atlanta News By Google News
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Matt Ryan’s Atlanta Falcons Host Seattle Seahawks In Playoff Matchup Of Contrasting Styles – Forbes
ForbesThe Atlanta Falcons (11-5) host perennial playoff power the Seattle Seahawks (10-5-1) and will kick off the Divisional Round of the postseason. The Falcons are favored by 4.5 points, but that prediction should be taken cautiously considering their …Seahawks Opponent Q&A: Get To Know The Atlanta FalconsSeahawks.comAtlanta Hawks wear blue and green throwback jerseys the […]
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Goldman Sachs No Salve For Oakland Raiders Sheldon Adelson Issues In Las Vegas
Goldman Sachs No Salve For Oakland Raiders Sheldon Adelson Issues In Las Vegas
Goldman Sachs No Salve For Oakland Raiders Sheldon Adelson Issues In Las Vegas The Oakland Raiders Owner Mark Davis has reportedly told the members of the finance and stadium committees of the NFL Owners Group that the organization has a plan to finance the construction of a new stadium with or without Las Vegas Sands CEO Sheldon Adelson. That's a tall order that, when one starts to think about it, doesn't really pass the stadium financing smell test. Take a look at why with me. Oakland Raiders: $500 million Nevada Subsidy $750 million Stadium Cost Gap 1 $350 million Total Stadium Cost $1.6 billion The problem is that without Sheldon Adelson's help, there's still a $350 million stadium cost gap that would have to be filled if the total cost was $1.6 billion and not $1.9 billion. Its not enough for the Raiders to say that Goldman Sachs will finance the stadium without Adelson, and because they're not investors – they're investment bankers. Goldman Sachs's speciality is in bonds and loans for, in this case, the construction of NFL stadiums. If they were to give the $350 million to fill the gap, it would have to be matched by some stadium-related revenue stream that would throw off $350 million over some period of time. Think about this. Goldman is not going to just say, “Hey Raiders! Here's $350 million, and don't worry because you will not have to pay us back!” You believe that's the case, you're a fool. What Goldman would want is what Sheldon Adelson wants, and that means a percentage of stadium revenues necessary to raise $350 million. Where would that come from? Well, the Raiders have already pledged $500 million from stadium-related revenues and NFL loans. But really that's just $200 million from the sale of personal seat licenses. So, right off the bat, the Raiders have to shave off $550 million in stadium revenue to help pay for it's construction. Chances are, naming rights will be about $150 million at best, which gets The Raiders less than halfway to the mark. The remaining gap would have to be filled by luxury box revenue, but when you start to run those numbers, the remaining answer means the Raiders would wind up using all of their luxury box revenue for stadium construction, and nothing would be left over for the team's use. Think about it. Let's say the proposed Oakland Raiders Las Vegas NFL stadium has 137 luxury boxes, each costing an average of $80,000. Assuming a 100 percent sales rate – all 137 suites – that comes to $10,960,000 a year. Over a 30 year period (the length of the bond issue tied to the Nevada Subsidy of $750 million) that comes to $328 million. So we could use luxury box revenue to fill most of the $350 million gap, or we would wind up using $178 million of that if the Raiders landed a naming rights agreement of $150 million. That still means The Raiders would use 54 percent of luxury box revenues for stadium construction. And that's if the stadium manages to cost $1.6 billion – if it went to $1.75 billion or higher, then both naming rights revenues and luxury suite revenues would be entirely used to pay for the stadium's construction. The Raiders would use 100 percent of both sources – no money for the team. Mark Davis can't be happy with that prospect. Moreover, I can't see how his meeting with the NFL Owners, who know this as well as I do, went so well at all. Davis can't do this without Adelson or another investor. That group or person is going to want their cut – there's no avoiding it. Davis' only way is by having development around the stadium – but that calls for a new developer and investor. Kind of like Majestic Realty. Remember them? The ones who brought $150 million? Bet Davis wishes he had them back in about now. Davis should stay in Oakland.
via YouTube https://youtu.be/eHb9GJXYRAY
Goldman Sachs No Salve For Oakland Raiders Sheldon Adelson Issues In Las Vegas The Oakland Raiders Owner Mark Davis has reportedly told the members of the finance and stadium committees of the NFL Owners Group that the organization has a plan to finance the construction of a new stadium with or without Las Vegas Sands CEO Sheldon Adelson. That's a tall order that, when one starts to think about it, doesn't really pass the stadium financing smell test. Take a look at why with me. Oakland Raiders: $500 million Nevada Subsidy $750 million Stadium Cost Gap 1 $350 million Total Stadium Cost $1.6 billion The problem is that without Sheldon Adelson's help, there's still a $350 million stadium cost gap that would have to be filled if the total cost was $1.6 billion and not $1.9 billion. Its not enough for the Raiders to say that Goldman Sachs will finance the stadium without Adelson, and because they're not investors – they're investment bankers. Goldman Sachs's speciality is in bonds and loans for, in this case, the construction of NFL stadiums. If they were to give the $350 million to fill the gap, it would have to be matched by some stadium-related revenue stream that would throw off $350 million over some period of time. Think about this. Goldman is not going to just say, “Hey Raiders! Here's $350 million, and don't worry because you will not have to pay us back!” You believe that's the case, you're a fool. What Goldman would want is what Sheldon Adelson wants, and that means a percentage of stadium revenues necessary to raise $350 million. Where would that come from? Well, the Raiders have already pledged $500 million from stadium-related revenues and NFL loans. But really that's just $200 million from the sale of personal seat licenses. So, right off the bat, the Raiders have to shave off $550 million in stadium revenue to help pay for it's construction. Chances are, naming rights will be about $150 million at best, which gets The Raiders less than halfway to the mark. The remaining gap would have to be filled by luxury box revenue, but when you start to run those numbers, the remaining answer means the Raiders would wind up using all of their luxury box revenue for stadium construction, and nothing would be left over for the team's use. Think about it. Let's say the proposed Oakland Raiders Las Vegas NFL stadium has 137 luxury boxes, each costing an average of $80,000. Assuming a 100 percent sales rate – all 137 suites – that comes to $10,960,000 a year. Over a 30 year period (the length of the bond issue tied to the Nevada Subsidy of $750 million) that comes to $328 million. So we could use luxury box revenue to fill most of the $350 million gap, or we would wind up using $178 million of that if the Raiders landed a naming rights agreement of $150 million. That still means The Raiders would use 54 percent of luxury box revenues for stadium construction. And that's if the stadium manages to cost $1.6 billion – if it went to $1.75 billion or higher, then both naming rights revenues and luxury suite revenues would be entirely used to pay for the stadium's construction. The Raiders would use 100 percent of both sources – no money for the team. Mark Davis can't be happy with that prospect. Moreover, I can't see how his meeting with the NFL Owners, who know this as well as I do, went so well at all. Davis can't do this without Adelson or another investor. That group or person is going to want their cut – there's no avoiding it. Davis' only way is by having development around the stadium – but that calls for a new developer and investor. Kind of like Majestic Realty. Remember them? The ones who brought $150 million? Bet Davis wishes he had them back in about now. Davis should stay in Oakland.
via YouTube https://youtu.be/eHb9GJXYRAY
LA Chargers Moving As San Diego Comic Con Dwarfs NFL
LA Chargers Moving As San Diego Comic Con Dwarfs NFL
LA Chargers Moving As San Diego Comic Con Dwarfs NFL
via YouTube https://youtu.be/9LL93Tk9mDI
LA Chargers Moving As San Diego Comic Con Dwarfs NFL
via YouTube https://youtu.be/9LL93Tk9mDI
Celtics 103, Hawks 101: Horford wins in return to Atlanta – Milford Daily News
Milford Daily NewsATLANTA — Isaiah Thomas scored 13 of his 28 points in the fourth quarter, Al Horford made a triumphant return and the Boston Celtics snapped the Atlanta Hawks’ seven-game winning streak with a 103-101 victory Friday night. Paul Millsap and Tim …Horford makes first return to AtlantaMetroWest Daily NewsHorford surprised to hear so […]
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Minnesota, Atlanta begin expansion with prime MLS Draft selections – FOXSports.com
FOXSports.comLOS ANGELES — Minnesota United came into Friday’s MLS draft with 12 signed players. It’s first game is in less than two months. Coach Adrian Heath needs bodies, and the Loons received trade offers from “nearly every club in the MLS,” he said here at …Atlanta United will be ‘ruthless’ with draftMyAJC all 161 news […]
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