NJ.comIn the wake of their Super Bowl 51 loss to the New England Patriots, the Atlanta Falcons have hired Flood as an assistant offensive line coach, the team announced Friday morning. That Flood would resurface in Atlanta makes sense since he formerly …Alabama staffer following Steve Sarkisian to AtlantaAL.comFalcons add Charlie Weis Jr., ex-Rutgers head […]
from WordPress http://ift.tt/2m3C7H9
via IFTTT
Friday, February 17, 2017
AJC Watchdog: Atlanta bribery scandal’s Mississippi connections – Atlanta Journal Constitution
Atlanta Journal ConstitutionRows of boxes related to the ongoing bribery scandal at City Hall involve Mitzi Bickers, a political operative and former appointee of Mayor Kasim Reed who is a key figure in allegations involving contracts in Jackson, Miss. CHRIS JOYNER / CJOYNER@AJC. …read more From:: Atlanta News By Google News
from WordPress http://ift.tt/2lqSQaJ
via IFTTT
from WordPress http://ift.tt/2lqSQaJ
via IFTTT
To Replace Sheldon Adelson With Banks, Oakland Raiders Need Over $650 Million For Las Vegas Stadium
To Replace Sheldon Adelson With Banks, Oakland Raiders Need Over $650 Million For Las Vegas Stadium
To Replace Sheldon Adelson, Oakland Raiders Need More Than $650 Million For Las Vegas NFL Stadium – Here's Why When Sheldon Adelson , Las Vegas Sands Founder and CEO and the catalyst for the Oakland Raiders plan to relocate to Las Vegas, pulled out of the effort, the media reported that the Silver and Black were trying to find 'someone' to replace the $650 million the casino mogul's intended $650 million investment. Then, this week, reports surfaced that Raiders President Marc Badain told “the NFL” that he secured, depending on who you believe, two or three banks to provide the $650 million. There's one thing wrong with all of the media reporting on this to date: the real amount is much more than the $650 million. It's more like between $738 million and as much as $1.1 billion the Raiders have to come up with. And the reason for that is, first, the bank financing interest rate, and second, the bond issue's debt coverage ratio. The bottom line problem for the Oakland Raiders, is team owner Mark Davis and its president Marc Badain lost what was $650 million in free money from Adelson in the process of what the Donald Trump supporter saw as an attempt to double-cross him with a stadium lease proposal drawn up without his knowledge. Prior to Adelson's announced departure, the $650 million was, as described by one source who was part of the Southern Nevada Tourism and Infrastructure Committee (the group assembled by Nevada Governor Brian Sandoval that made the recommendation to the Nevada Legislature to raise the Clark County Hotel Tax and install provisions for a $750 million stadium bond issue) , “a gift” and from various observers an investment in a “legacy” project for Las Vegas. At no point did Adelson, or any Las Vegas Sands employee, or the SNTIC staff, or documents, describe any interest rate attached to Adelson's investment. While Adelson expressed an interest in recovering “some” of his expenditure, he never once expressed a desire to make the $650 million investment a kind of loan, with an interest payment cost added to it. Moreover, Adelson never said whether or not he intended to get his entire $650 million back by way of a percentage of stadium revenue. Thus, Mark Davis briefly enjoyed what was, for all practical purposes, the closest thing to a $650 million stadium construction grant he's ever going to see from any entity other than the NFL itself – and now it's gone. The idea of a bank “replacing” what Adelson offered has to be challenged with this question: will any investment bank offer a no-interest-rate financing deal? Let's say the answer's a yes – then how does the investment bank make its money on the financing? The answer – it would not. Thus, no investment bank would do such a deal, and that's why one can't find such an example anywhere in America, at any time. So, let's say the $650 million that Marc Badain seeks comes with a 7 percent interest rate from the banks he's talking to. According to a basic calculation for a 30-year-bond issue with an annual payment, that comes to $738.64 million, or an interest cost of an additional $88.64 million. So, before you say, “Well, that's not THAT much more”, consider this: the bank will want to know how robust the revenue stream used to pay for the bond issue is – and that calls for a debt coverage analysis of the earmarked stadium revenue stream. The last time we went through a discussion of how strong a dedicated revenue source was in the matter of the Oakland Raiders Las Vegas NFL Stadium Project, the focus was the higher hotel tax revenue expected over a 30-year-period. With a low, and controversial, debt coverage ratio of 1.5 to 1, the required money added up to $1.125 billion, rather than the $1.5 billion if it were 2 to 1. But that's beside the point. Let's use 1.5 to 1 as our bond debt coverage ratio for what would have to be a suite of dedicated stadium revenues used to pay off the $650 million bond issue that Badain seeks. So, $738.64 million times 1.5 comes to $1.107 billion. In order to comfortably pay off the $650 million bond issue, the Oakland Raiders Las Vegas Stadium would have to throw off $1.107 billion over a 30 year period. In order for the Raiders to do that, the organization would have to dedicate almost 100 percent of the annual revenue from 200 luxury boxes at an average yearly cost of $200,000 each. The Raiders proposed stadium lease agreement says they would not use a dime of luxury suite revenue for stadium construction. The bottom line is the Oakland Raiders would face an expensive penalty for Sheldon Adelson's departure if they continued to pursue the Las Vegas plan – one they aren't going to even try and pay, in the end. Indeed, no smart stadium developer would want to. More: http://ift.tt/2lq9HtM
via YouTube https://youtu.be/mG9Lb3HGJ7M
To Replace Sheldon Adelson, Oakland Raiders Need More Than $650 Million For Las Vegas NFL Stadium – Here's Why When Sheldon Adelson , Las Vegas Sands Founder and CEO and the catalyst for the Oakland Raiders plan to relocate to Las Vegas, pulled out of the effort, the media reported that the Silver and Black were trying to find 'someone' to replace the $650 million the casino mogul's intended $650 million investment. Then, this week, reports surfaced that Raiders President Marc Badain told “the NFL” that he secured, depending on who you believe, two or three banks to provide the $650 million. There's one thing wrong with all of the media reporting on this to date: the real amount is much more than the $650 million. It's more like between $738 million and as much as $1.1 billion the Raiders have to come up with. And the reason for that is, first, the bank financing interest rate, and second, the bond issue's debt coverage ratio. The bottom line problem for the Oakland Raiders, is team owner Mark Davis and its president Marc Badain lost what was $650 million in free money from Adelson in the process of what the Donald Trump supporter saw as an attempt to double-cross him with a stadium lease proposal drawn up without his knowledge. Prior to Adelson's announced departure, the $650 million was, as described by one source who was part of the Southern Nevada Tourism and Infrastructure Committee (the group assembled by Nevada Governor Brian Sandoval that made the recommendation to the Nevada Legislature to raise the Clark County Hotel Tax and install provisions for a $750 million stadium bond issue) , “a gift” and from various observers an investment in a “legacy” project for Las Vegas. At no point did Adelson, or any Las Vegas Sands employee, or the SNTIC staff, or documents, describe any interest rate attached to Adelson's investment. While Adelson expressed an interest in recovering “some” of his expenditure, he never once expressed a desire to make the $650 million investment a kind of loan, with an interest payment cost added to it. Moreover, Adelson never said whether or not he intended to get his entire $650 million back by way of a percentage of stadium revenue. Thus, Mark Davis briefly enjoyed what was, for all practical purposes, the closest thing to a $650 million stadium construction grant he's ever going to see from any entity other than the NFL itself – and now it's gone. The idea of a bank “replacing” what Adelson offered has to be challenged with this question: will any investment bank offer a no-interest-rate financing deal? Let's say the answer's a yes – then how does the investment bank make its money on the financing? The answer – it would not. Thus, no investment bank would do such a deal, and that's why one can't find such an example anywhere in America, at any time. So, let's say the $650 million that Marc Badain seeks comes with a 7 percent interest rate from the banks he's talking to. According to a basic calculation for a 30-year-bond issue with an annual payment, that comes to $738.64 million, or an interest cost of an additional $88.64 million. So, before you say, “Well, that's not THAT much more”, consider this: the bank will want to know how robust the revenue stream used to pay for the bond issue is – and that calls for a debt coverage analysis of the earmarked stadium revenue stream. The last time we went through a discussion of how strong a dedicated revenue source was in the matter of the Oakland Raiders Las Vegas NFL Stadium Project, the focus was the higher hotel tax revenue expected over a 30-year-period. With a low, and controversial, debt coverage ratio of 1.5 to 1, the required money added up to $1.125 billion, rather than the $1.5 billion if it were 2 to 1. But that's beside the point. Let's use 1.5 to 1 as our bond debt coverage ratio for what would have to be a suite of dedicated stadium revenues used to pay off the $650 million bond issue that Badain seeks. So, $738.64 million times 1.5 comes to $1.107 billion. In order to comfortably pay off the $650 million bond issue, the Oakland Raiders Las Vegas Stadium would have to throw off $1.107 billion over a 30 year period. In order for the Raiders to do that, the organization would have to dedicate almost 100 percent of the annual revenue from 200 luxury boxes at an average yearly cost of $200,000 each. The Raiders proposed stadium lease agreement says they would not use a dime of luxury suite revenue for stadium construction. The bottom line is the Oakland Raiders would face an expensive penalty for Sheldon Adelson's departure if they continued to pursue the Las Vegas plan – one they aren't going to even try and pay, in the end. Indeed, no smart stadium developer would want to. More: http://ift.tt/2lq9HtM
via YouTube https://youtu.be/mG9Lb3HGJ7M
Thursday, February 16, 2017
Donald Trump Press Conference Was Not How A President Leads The Nation
Donald Trump Press Conference Was Not How A President Leads The Nation
Donald Trump Press Conference Was Not How A President Leads The Nation
via YouTube https://youtu.be/PYI_qM61kyU
Donald Trump Press Conference Was Not How A President Leads The Nation
via YouTube https://youtu.be/PYI_qM61kyU
The Atlanta brewery that lost a bet to Sam Adams released its Patriots Pale Ale – Boston.com
Boston.comBack in January, Atlanta craft beer maker Sweetwater Brewing challenged the makers of Sam Adams to a Super Bowl bet: the losing brewery would have to brew a beer named after the winning team, with Sam Adams potentially producing Dirty Bird Lager …Atlanta brewer makes ‘Patriots’ beer after losing Super Bowl bet to Samuel AdamsThe […]
from WordPress http://ift.tt/2kvzMIP
via IFTTT
from WordPress http://ift.tt/2kvzMIP
via IFTTT
These Atlanta restaurants are participating in ‘A Day Without Immigrants’ – WSB Atlanta
WSB AtlantaThe burger restaurant closed all its metro Atlanta locations in Dunwoody, Decatur and Buckhead. Farm Burger released a statement addressing the closures. Chai Pani and Botiwalla. The Chai Pani restaurant group, which owns Chai Pani in Decatur and …These Atlanta Restaurants Stand in Solidarity With Immigrants on Thursday [Updated]Eater AtlantaLocal restaurant group responds to […]
from WordPress http://ift.tt/2kDCIOP
via IFTTT
from WordPress http://ift.tt/2kDCIOP
via IFTTT
‘A Day Without Immigrants’ brings parts of Atlanta area to a halt – Atlanta Journal Constitution
Atlanta Journal Constitution“We -– as many, many restaurants in Atlanta and throughout the country – are supported by the employment of an immigrant workforce,” said George Frangos, a co-owner of the grass-fed burger chain. “Collectively, we talked about what this day meant to … …read more From:: Atlanta News By Google News
from WordPress http://ift.tt/2ln9Qib
via IFTTT
from WordPress http://ift.tt/2ln9Qib
via IFTTT
Second contractor pleads guilty in Atlanta City Hall bribery probe – Atlanta Journal Constitution
Atlanta Journal ConstitutionCharles P. Richards, Jr., pled guilty to conspiracy to commit bribery in federal court Thursday. Richards is the second contractor to plead guilty to bribery charges in the on-going investigation of Atlanta City Hall corruption. Federal prosecutors …Second contractor pleads guilty in Atlanta bribery scandal11alive.com2nd businessman pleads guilty in Atlanta City Hall bribery […]
from WordPress http://ift.tt/2lXKS5B
via IFTTT
from WordPress http://ift.tt/2lXKS5B
via IFTTT
Atlanta police to release video of deadly police shooting – Journal Times
Journal TimesATLANTA (AP) — Police plan to release surveillance video of a deadly police shooting outside the Atlanta Public Safety annex. Atlanta police spokeswoman Elizabeth Espy told the Atlanta Journal-Constitution (http://bit.ly/2lOYqnW ) that video in the …Officer in Atlanta shooting death named; video to be releasedAtlanta Journal Constitution all 8 news articles …read more From:: […]
from WordPress http://ift.tt/2lQ9i4T
via IFTTT
from WordPress http://ift.tt/2lQ9i4T
via IFTTT
Pres. Obama's First Press Conference
Pres. Obama's First Press Conference
Pres. Barack Obama spoke about his economic stimulus package during his first Presidential press conference. Out of the 13 questions asked, 7 dealt with the economy.
via YouTube https://youtu.be/cmgOfWMnMTc
Pres. Barack Obama spoke about his economic stimulus package during his first Presidential press conference. Out of the 13 questions asked, 7 dealt with the economy.
via YouTube https://youtu.be/cmgOfWMnMTc
Atlanta zoo loses best, names animal after Tom Brady, gets last laugh – NBCSports.com
NBCSports.comAfter losing a rather clever zoo bet (unlike the always awful mayor bets) on the Super Bowl, an Atlanta zoo had to name one of its baby animals after the Patriots quarterback, according to the Associated Press. Zoo Atlanta got a bit of revenge for the …Atlanta zoo names hissing cockroach after Tom BradyWashington PostAtlanta […]
from WordPress http://ift.tt/2lVL84Y
via IFTTT
from WordPress http://ift.tt/2lVL84Y
via IFTTT
Atlanta bribery scandal has echoes in another city hall – MyAJC
MyAJCThe Atlanta Journal-Constitution Rows of boxes related to the ongoing bribery scandal at City Hall involve Mitzi Bickers, a political operative and former appointee of Mayor Kasim Reed who is a key figure in allegations involving contracts in Jackson … and more …read more From:: Atlanta News By Google News
from WordPress http://ift.tt/2ln0djh
via IFTTT
from WordPress http://ift.tt/2ln0djh
via IFTTT
Hawks Fall To Clippers In Los Angeles, 99-84 – CBS Local
CBS LocalLOS ANGELES — Blake Griffin scored a team-high 17 points and collected nine rebounds in three quarters, and the Los Angeles Clippers captured their fourth consecutive victory with a 99-84 win over the Atlanta Hawks at Staples Center on Wednesday night …Atlanta Hawks Game Preview: Feb. 15 at Los Angeles ClippersSoaring Down SouthHawks vs. […]
from WordPress http://ift.tt/2lmJBrK
via IFTTT
from WordPress http://ift.tt/2lmJBrK
via IFTTT
Hawks Fall To Clippers In Los Angeles, 99-84 – CBS Local
CBS LocalLOS ANGELES — Blake Griffin scored a team-high 17 points and collected nine rebounds in three quarters, and the Los Angeles Clippers captured their fourth consecutive victory with a 99-84 win over the Atlanta Hawks at Staples Center on Wednesday night …Atlanta Hawks Game Preview: Feb. 15 at Los Angeles ClippersSoaring Down SouthHawks vs. […]
from WordPress http://ift.tt/2lmJBrK
via IFTTT
from WordPress http://ift.tt/2lmJBrK
via IFTTT
Wednesday, February 15, 2017
North Fulton Mexican restaurant closes after 18 months – Atlanta Journal Constitution (blog)
North Fulton Mexican restaurant closes after 18 monthsAtlanta Journal Constitution (blog)We hope to see you at our other restaurants, including Ray’s in the City, Ray’s on the River and Ray’s at Killer Creek.” Owner Ray Schoenbaum opened the Tex-Mex restaurant after “high demand from customers requesting the return of the restaurant’s …Ray’s Rio Bravo Has […]
from WordPress http://ift.tt/2kL96Qr
via IFTTT
from WordPress http://ift.tt/2kL96Qr
via IFTTT
Sunday, February 12, 2017
Children’s Healthcare of Atlanta to build $1B+ hospital – CBS46 News – CBS46 News Atlanta
Children’s Healthcare of Atlanta to build $1B+ hospital – CBS46 NewsCBS46 News AtlantaAccording to the Atlanta Business Chronicle, Children’s Healthcare of Atlanta will build a new $1 billion pediatric hospital. The new facility will allow the hospital to meet forecasted patient care and space needs through 2026 and projected demand to …Children’s plans billion-dollar Atlanta […]
from WordPress http://ift.tt/2l9gEiZ
via IFTTT
from WordPress http://ift.tt/2l9gEiZ
via IFTTT
Atlanta’s bribery scandal: What’s the big deal? – 11alive.com
Atlanta’s bribery scandal: What’s the big deal?11alive.comATLANTA, Ga — For a city whose total operating budget is $2.02 billion, a $1-million bribery scandal and a million-page-document-dump sure caused a lot of heartburn around City Hall last week. So what’s all the fuss about, and why should anyone care? …read more From:: Atlanta News By Google […]
from WordPress http://ift.tt/2kXpOwN
via IFTTT
from WordPress http://ift.tt/2kXpOwN
via IFTTT
Report: Atlanta attracting young black Ohioans – Atlanta Business Chronicle
Atlanta Business ChronicleYounger, educated blacks whose parents and grandparents had migrated north are reversing that move and flocking to Atlanta, reports a Feb. 12 story in the Toledo Blade. “It’s often a job that draws Rust Belt expats to southern boomtowns. But the …Atlanta calls to young black OhioansToledo Blade all 3 news articles …read […]
from WordPress http://ift.tt/2kzWdc0
via IFTTT
from WordPress http://ift.tt/2kzWdc0
via IFTTT
Brandon Phillips Boosts Business For The Atlanta Braves – Forbes
ForbesAccording to multiple sources, including ESPN’s Jim Bowden, both teams have agreed to a trade and Phillips will waive his no-trade clause to head to Atlanta. Bowden also reported that Phillips has passed his physical and that the deal is simply …Braves nearing trade for Reds second baseman Brandon PhillipsCBS LocalBrandon Phillips traded to Atlanta […]
from WordPress http://ift.tt/2lFhuBP
via IFTTT
from WordPress http://ift.tt/2lFhuBP
via IFTTT
Why we’re still feeling optimistic about the Atlanta Falcons in 2017 – The Falcoholic
The FalcoholicIt’s easy to say that history doesn’t favor the Falcons after this Super Bowl loss, that they’ll end up like the Panthers and return to mediocrity after getting so close to the promised land. I don’t believe that, though. Because I have been shoveling …Falcons had a penchant for blowing fourth-quarter leads in 2016Atlanta […]
from WordPress http://ift.tt/2kh5jOr
via IFTTT
from WordPress http://ift.tt/2kh5jOr
via IFTTT
Braves nearing trade for Reds second baseman Brandon Phillips – CBS Local
CBS LocalThe Atlanta Braves are reportedly close to acquiring veteran second baseman Brandon Phillips in a trade with the Cincinnati Reds. Ken Rosenthal of Fox Sports broke the news of a deal late Saturday evening. Cincinnati will reportedly pay the majority of …Brandon Phillips to be traded to Atlanta, report saysWCPOAtlanta Braves near deal to […]
from WordPress http://ift.tt/2kzEPnm
via IFTTT
from WordPress http://ift.tt/2kzEPnm
via IFTTT
Saturday, February 11, 2017
Marvel Just Confirmed The Guardians of the Galaxy Will Join The Avengers in ‘Infinity War’ – Maxim
MaximIn a behind-the-scenes video uploaded Friday night Marvel Entertainment confirmed they’re working on the ultimate franchise film: Avengers: Infinity War. As the video makes clear, everyone is coming to the party this time—in addition to the Avengers …The Guardians of the Galaxy will meet the Avengers in Infinity WarEW.comMarvel’s AVENGERS: INFINITY WAR Start of Production […]
from WordPress http://ift.tt/2lBKZnn
via IFTTT
from WordPress http://ift.tt/2lBKZnn
via IFTTT
Atlanta United wins opener – Atlanta Journal Constitution
Atlanta Journal ConstitutionNot only did Atlanta United unveil jersey numbers on Saturday, it surprised everyone by unveiling its away jerseys before the second half. The players wore the red and block home jerseys for the first half, and the switched to the gray and red kits in …Atlanta United vs. Chattanooga FC live stream: Time, […]
from WordPress http://ift.tt/2kVcOYF
via IFTTT
from WordPress http://ift.tt/2kVcOYF
via IFTTT
Supporters group show up for Atlanta United – Atlanta Journal Constitution
Atlanta Journal ConstitutionThree of Atlanta United’s supporter’s groups planted their flags: Terminus Legion, Footie Mob and Faction. Their members are a few of the more than 9,000 members of the team’s Founder Club who have purchased more than 27,000 season tickets.Major League Soccer newcomer Atlanta United visits Chattanooga Football Club todayChattanooga Times Free PressAtlanta United […]
from WordPress http://ift.tt/2kxLpuT
via IFTTT
from WordPress http://ift.tt/2kxLpuT
via IFTTT
The Guardians Of The Galaxy Will Battle Alongside The Avengers In ‘Infinity War’ – Hollywood Life
Hollywood LifeDreams do come true! The Guardians of the Galaxy will officially battle alongside the Avengers in ‘Infinity War,’ proven by a behind-the-scenes video on Feb. 10. Marvel Studios made the announcement, exciting fans all over the world! Check it out!‘Guardians of the Galaxy Vol. 2’ Scores Extremely Rare 100 in Test Screening (Exclusive)Hollywood Reporter […]
from WordPress http://ift.tt/2l0V7cM
via IFTTT
from WordPress http://ift.tt/2l0V7cM
via IFTTT
Atlanta mayor’s wife appointed to board of regents – 11alive.com
11alive.comReed also sits on the boards for the Children’s Museum of Atlanta and the Georgia Early Education Alliance for Ready Students. Reed was awarded the Early Childhood Champion Award from Sheltering Arms Early Education and Childhood Center and was …Political Breakfast: Atlanta Bribery, Tom Price And MoreWABE 90.1 FM all 4 news articles …read more […]
from WordPress http://ift.tt/2kEcXkN
via IFTTT
from WordPress http://ift.tt/2kEcXkN
via IFTTT
Atlanta Falcons promote Marquand Manuel to defensive coordinator – UPI.com
UPI.comThe Atlanta Falcons promoted secondary coach Marquand Manuel to defensive coordinator on Friday. The team also named Raheem Morris as wide receivers/passing game coordinator/assistant head coach. In addition, Doug Mallory was promoted to …Former LSU assistant coach Doug Mallory gets promotion with Atlanta FalconsSECcountry.comFalcons name Marquand Manuel defensive coordinatorESPNFalcons announce several additional coaching changesWSB AtlantaNFL.com […]
from WordPress http://ift.tt/2l0jo2E
via IFTTT
from WordPress http://ift.tt/2l0jo2E
via IFTTT
Kings overcome 22-point hole, beat Atlanta – Sacramento Bee (blog)
Sacramento Bee (blog)Player of the game: Ben McLemore had a season-high 22 points, including a career-high six 3-pointers, and matched his career high with nine rebounds as the Kings overcame a 22-point deficit to beat the Atlanta Hawks 108-107 Friday night at Golden 1 …Hawks vs Kings preview: Atlanta begins west coast swing in SacramentoPeachtree […]
from WordPress http://ift.tt/2lB21Tc
via IFTTT
from WordPress http://ift.tt/2lB21Tc
via IFTTT
Subscribe to:
Posts (Atom)