Jump to content

cltbwimob

Members+
  • Content Count

    1598
  • Joined

  • Last visited

  • Days Won

    8

cltbwimob last won the day on December 20 2015

cltbwimob had the most liked content!

Community Reputation

1399 Excellent

About cltbwimob

  • Rank
    Burg

Profile Information

  • Gender
    Male

Recent Profile Visitors

14392 profile views
  1. Huh??? On what data do you base this assertion? The 2016 AADT volumes published by NCDOT for almost all points of the John Belk are 90K-100K. That’s in line with 485 and Johnston Rd-also a 3 lane section of interstate. And it’s significantly higher than the traffic counts on all points of 485 north of 85 which varies between 3 and 4 lanes per direction. https://xfer.services.ncdot.gov/imgdot/DOTTSUMaps/AADT_URBANS/CHARLOTTE_URBAN/2016/Charlotte.pdf
  2. He apparently doesn’t want to build a whole lot of goodwill with the community. Less than transparent negotiations with the city regarding MLS, potentially asking for millions of dollars to renovate a stadium that he intends to abandon in the next decade for a new multi-billion dollar stadium for which he will ask for hundreds of millions-if not over a billion- from taxpayers. Says he wants to build a winning organization yet presides over a mass exodus of star Panthers including Keuchly, Thomas Davis, Olsen, Rivera, and probably Cam Newton. He hires unproven college coaches when there were multiple high profile NFL OCs and other coaches available. I really don’t know why people seem to like him so much. I think we are about to go through some years with the Panthers that will, in some ways, be eerily reminiscent of the Hornets in the late 90s and early 00s under Shinn and Wooldridge. I don’t think he’ll ever move the team out of the area but I think he will ultimately burn a ton of bridges here and he will create the type of apathy around the Panthers that plagues the Hornets to this day even though Shinn and Wooldridge are long gone.
  3. Yep, in the nonexistent chance that BofA gets a Super Bowl and the Panthers happen to be playing in that Super Bowl, I prefer that to an NFC Championship game at BofA. In all other scenarios I prefer a BofA-hosted NFC Championship game.
  4. Aside from Aloft, do you have any idea as to what brands will be represented. Not asking which brands will correspond with any particular project, but just want to know any new to market brands that may be coming down the pike if you’re able to share.
  5. I’ll take a Charlotte-hosted NFC Championship game over a Charlotte- hosted Super Bowl [almost] any day.
  6. Repost from the center city retail topic-Ole Mason Jar moving from Uptown to Southend. Southend is really becoming a complete urban neighborhood. https://us5.campaign-archive.com/?u=2a350f7bd308623b3ef50eafc&id=de9bc73baf
  7. Bad for Uptown retail but good for Southend retail-Ole Mason Jar is moving their store to Southend at 1930 Camden. https://us5.campaign-archive.com/?u=2a350f7bd308623b3ef50eafc&id=de9bc73baf
  8. My question is what is happening with the “adaptive reuse” block on Morehead? I seem to recall around 2015 the entire block was purchased by some Canadian entity (if memory serves) and they were going to lease all the buildings as restaurant/bar space until conditions warranted a tear down and rebuild of something larger. Now it looks like some of the properties are for lease with Whiteside industrial and some are for sale, with virtually nothing having occurred since the 2015 purchase. I do hope it ends up being adaptive reuse rather than a tear down. While not necessarily very pretty or historic, these buildings kind of have some of that gritty urban charm that seems to have been lost in the often sterile developments that have popped up around Southend. I’ve thought for a long time these buildings would make a great little restaurant and bar row especially considering the Panthers /MLS are next door and all the residential and commercial development in the area.
  9. What an awful cap to an awful year. I’ve got coasters in my house with the numbers 58 and 59 on them for TD and Luke who were my two favorite players. Within the span of a year, they’re both gone. Oh yeah and a 5-11 season to boot.
  10. Congratulations, you used a non political thread to make a political statement, made light of a sexual assault/molestation incident and also managed to offend those who subscribe to Christianity. What a disgusting comment-has to be one of the worst I’ve ever seen to grace urban planet. Please keep this kind of crap to yourself.
  11. He is a hedge fund manager who essentially wrote a $2.2+billon check for the Panthers. In fact, even though he was not the highest bidder he won the bidding war because he essentially came to the table with cash whereas other bidders were going to have to finance some portion of the purchase. Something tells me the guy’s wealth is primarily in fairly liquid assets. However, even if he is not very liquid, the argument that if his personal wealth is in less liquid assets he should be entitled to the use of public funds for a stadium is not a good one. If he has a 7-10 year horizon on this “investment” then that should be plenty of time for him to move his assets out of illiquid classes into more liquid ones in order to provide him with the cash he needs to pay for it himself. Separately, the city is in a position where it currently does not have the money in the bank to fund a new stadium and its liquidity position with respect to the funds it does have and/or the revenues that it can raise via new cash streams is probably much more limited vis-a-vis David Tepper. The tourism tax dollars he wants to use to help pay for his vanity project are maxed out in terms of obligations based on current tax rates. And any increase in tourism taxes will have to be approved by the NC legislature who, just a few years ago, shot that notion down when the ask was much much lower than what it will be for a new stadium. Plus, per state law only one revenue stream within the tourism tax is eligible for use in financing stadiums. Judging by all this, my guess is that he is and can be a lot more mobile with his capital than the city can with theirs. Therefore, the city, ostensibly in a less liquid position, should not be expected to cover down for a more liquid “partner” due to a perceived lack of liquidity on his part. Probably one or two CFB Championship games, but there is virtually zero chance we’d have one of the semifinal games year in and year out. My guess is that in the scenario that the CFB playoff structure expands to 8 teams, then the quarterfinals and the semifinals will consist of the New Years 6 bowl games (I.e. Rose, Sugar, Cotton, Peach, Fiesta, Orange) and will stay in their respective home cities. As such, the only part Charlotte will ever play in the CFB playoffs is if/when the actual championship game comes to town.
  12. They did build a new Texas Roadhouse, but they shut the old one down and moved, so they don’t have 2 open in the same shopping center. I really am curious as to why they felt the need to build a new one.
  13. Such a good game last night. First winning season and bowl eligible. Some are predicting that the 49ers will play in the Belk Bowl. How cool is it that a team that has basically been on the fringes of the Charlotte sports scene essentially since it’s inception is now getting more of the local attention it needs and will possibly play its first bowl game in its own home town? Last year at this time I was kind of disappointed when UNCC rescinded Mike Houston’s offer for the head coaching job and hired Will Healy instead. It felt kind of like we had missed a real opportunity. Looking back on it now, I am glad Houston went to ECU and took his 4-8 season with him. Will Healy is the man, and I can’t imagine to what heights the program may go especially if he has a few more seasons like this season, he’s able to bring his own recruits in, and the stadium and facilities get a proper upfit/expansion fit for an FBS team. I can see a day where the annual App State-University of Charlotte football rivalry game is the hottest ticket in college football for the state of North Carolina.
  14. Are my figures really hyperbolic? Allegiant Stadium, Las Vegas Raiders: $750 mil in tax money on a $1.9 bil stadium-39.5% public funding U.S. Bank Stadium, Minnesota Vikings: $498 mil in taxpayer funds on a $1.1 bil stadium that doesn’t even have a retractable roof like Tepper wants- 45.3% public funding Carolina Panthers Practice Facility: $115 mil In taxpayer funds ($155 mil if the dedicated interchange is thrown into the picture) of $315 mil investment-36.5%-43.7% public funding depending on whether or not you count the interchange Tepper MLS Team+HQ+ BofA Soccer Renovations: $100-$200 mil (est) taxpayer funds on a $325-$425 mil (est) investment-23.5%-61.5% estimated public contribution Which one of these numbers suggests that a) the public contribution to football stadiums isn’t typically 40%-50% or that b) Tepper won’t ask for a 40%-50% contribution? And with the Mercedes-Benz Dome in Atlanta being a $1.6 billion dollar stadium and Allegiant Stadium in Las Vegas being a $1.9 billion dollar stadium in today’s dollars, what makes you think that the cost to build a new stadium 10 years down the road will not cost in excess of $2 billion? So with the average cost of new football stadiums approaching $2 billion dollars today (not including cost escalations over the next ten years), the average public contribution to a stadium being somewhere in the 40%-50% range and the average estimated ask from Tepper, based on the new Panthers HQ figures and the estimated figures for his MLS HQ being roughly 40%, can you explain why my numbers hyperbolic? 40% of $2 billion is $800 million is it not? Add that to the $115 mil-$155mil he will receive from S.C. plus the estimated $100mil to $200 mil for MLS/BofA improvements he’s asking for and you get a figure of nearly $1.2 billion in public funding, approximately $1 billion of which comes from Char-Meck. But lets just assume, even though a Tepper has already indicated that he will ask for up to $300+ million in public funding, before even making an ask for the stadium, that he does only ask for $200mil for a new stadium. Is the incremental benefit worth the cost? Again, a retractable roof stadium or dome is not needed for major concerts otherwise Billy Joel and Garth Brooks wouldn’t be coming. BofA already hosts the Panthers and will, assuming we get awarded an MLS team, be host to that as well. So a new stadium is not needed to incentivize a new team to locate here. So the only additional benefit we get with a new stadium is really the marquee games such as the Super Bowl and Final Four. But we wouldn’t get those every year. Heck if we got 2 Super Bowls, 2 Final Fours, and 2 CFB playoffs over the life of the new stadium we’d probably be lucky. Is that worth $200 mil in taxpayer investment considering that we would in theory already have the NFL plus MLS, and could host great concerts in BofA? Is it worth it considering we will have already spent more than that on HQs, practice facilities, and additional renovations to BofA? As for the tourism tax, only certain parts of that tax can be used for stadiums and there are a ton of other liabilities to be funded with that tax including Convention Center, Discovery Place, NASCAR HOF, Memorial Stadium, etc. In fact it’s estimated that the tourism tax as it stands would only allow for $75 million dollars for renovations to the current stadium which means that either a) they will have to raise the tax significantly to fund a new stadium, or b) stadium funding will go to a bond referendum. Since the NCGA has already balked at raising the tourism tax for the Panthers a few years ago and the NCGA is still controlled by many of the same legislators in place when the first renovations to BofA were being negotiated, that option is likely off the table, leaving option “b”, a bond referendum paid for Mecklenburg County residents if it passes.
×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.