Jump to content

Archived

This topic is now archived and is closed to further replies.

cityboi

NASCAR Hall of Fame

Recommended Posts

I'm a little confused about the math too, but according to the AJC:

"The city's action brings Atlanta's NASCAR hall of fame bid from $92 million, which includes Perdue's state commitments, bank loans and corporate support, to $169 million."

Here's another tidbit off the news wires:

"Two NASCAR sources close to the negotiations told The Associated Press later Wednesday that although Charlotte is the leading candidate, the deal is not complete and negotiations were ongoing. One source said NASCAR Chairman Brian France spent Tuesday in Charlotte meeting with city leaders but left without a deal."

that "left without a deal" piece worries me

Share this post


Link to post
Share on other sites


I don't think we really need to be worried. If I'm interpreting that article correctly, it only means that they've increased the total bid from $92M to $102M. The city has just 'guaranteed' it's portion will increase from $5M to $77M of that total $102M figure. I can't see how that would really untangle anything. Our $137M bid has been 'guaranteed' from the get-go.

I'm not so sure.

"The original financial package proposed $30 million from the state ($25 million) and city ($5 million), another $30 million through conventional financing and the remainder of the then $92 million hall of fame price tag through corporate sponsorship."

The City of Atlanta has raised their portion from $5M to $77M and the total bid is now at $169M, compared to Charlotte's $137.5M.

Share this post


Link to post
Share on other sites

BTW, with Mayor Franklin's extra $77 million, the AJC says the CLT money offer now "pales in comparison" to the ATL offer

Thank you for showing this. I haven't been keeping up with every new story about it so UP is my place for the news on the HOF. If what you are saying is correct...and I will read your sources provided...I will promptly shoot off an email to the mayor saying "WTH." $77 million dollars can go a long way in helping Atlanta realize it's dream of building a world class symphony hall to match it's worldclass symphony.

I'm starting to wonder though...if the France family is so rich, why can't the winning city and the France family go dutch on this endeavor? Wouldn't that be a win-win situation for both parties involved?

Share this post


Link to post
Share on other sites

Guys, I think the cart may in fact be ahead of the horse. I've read the increase in confidence on this board with somewhat of a "grain of salt" so to speak. I travel the southeast extensively and have offices in Raleigh (my home) Charlotte, Columbia, Charleston, Atlanta, and Fort Lauderdale. I read business periodicals from each daily. Atlanta has held the position that it was theirs all along. I'm not saying its done, and I really don't care one way or the other, but the chatter down there has been that we are pretenders to the throne.

Share this post


Link to post
Share on other sites

Haha, I am going to keep my edition of the Charlotte Observer that came this morning as a testimate of bad reporting.

It appears that Atlanta has trumped CLT's of $134M with a $169M bid.

I guess it is time for CLT to throw in some more chips. :lol:

Share this post


Link to post
Share on other sites

Charlotte's not finished (closed doors bid was probably around $150 million from Charlotte).....I think we'll see $200 million on the table before it's over....I'm in the WRONG business.

Share this post


Link to post
Share on other sites

That is true. We are talking about the Business Journal here, which isn't exactly the sourse of the most accurate and timely information about anything.

Share this post


Link to post
Share on other sites

if the bid gets any higher we can kiss the arts plan goodbye

That's what I'm nervous about. This is getting pathetic. Richmond and Kansas City are probably loving this.

I'm rooting for you, Atlanta!

Share this post


Link to post
Share on other sites

That's what I'm nervous about. This is getting pathetic.

I'm rooting for you, Atlanta!

This is just me - but I always thought Darlington, SC should have it besides Charlotte. Otherwise I'm wishing you all the best! But before long our mayor is going to throw in the Beltline, the sewer system upgrade & the greenspace plan into the betting pile.

Share this post


Link to post
Share on other sites

I wonder if $150M would be enough to lure either Citicorp or Chase to relocate their corporate HQ to Charlotte?

Share this post


Link to post
Share on other sites

if the bid gets any higher we can kiss the arts plan goodbye

My sources tell me that the CLT city council has pitched a novel plan to NASCAR involving combining the HOF with the arts plan to create a combination HOF/African-American Museum along with Bechtler's paintings hanging in the restrooms---so.... top that if you can ATL!!

:P

Share this post


Link to post
Share on other sites

But before long our mayor is going to throw in the Beltline, the sewer system upgrade & the greenspace plan into the betting pile.

You know Teshadoh.....these are other project worthy of such emphasis. Hello....the Beltline will go even further in making Atlanta stand out. Don't get me wrong, I have nothing against the NASCAR HOF, I just thing there are higher priorities. $169 million could be used as set asides to jump start the light rail portion of the Beltline. I could also be used to set aside affordable housing in some of the quadrants of the Beltline. I am all for legacy projects (my own children are legacy projects...just kidding :whistling: ) but I feel if leaving her mark on Atlanta is her goal then Mayor Franklin should concentrate on things that make the city better for the citizens....not just for corporations.

That's my only beef with the HOF. The Georgia Aquarium was gifted to the city and as of today has passed the 1,000,000th visitor mark. Tourist attractions are good business for sunshine cities. If I had to choose between tourism and the Beltline, I would choose the Beltline everyday, anyday, allday.

Share this post


Link to post
Share on other sites

I suspect Charlotte leaders held some ammo back from the beginning. This is the big leagues, and they surely knew another round or two of sweeteners would take place. Nevertheless, Atlanta is the perfect foil, for NASCAR to get maximum leverage with Charlotte.

Share this post


Link to post
Share on other sites

Wouldn't it be funny if Nascar announced they wanted the HOF in Charlotte and then we said "Ya know...on second thought, no thanks. We've got a better idea." :)

Share this post


Link to post
Share on other sites

I wonder if $150M would be enough to lure either Citicorp or Chase to relocate their corporate HQ to Charlotte?

Are you just pondering hypotheticals or are you hinting at something?

http://www.newsobserver.com/122/story/412345.html

One of the issues under discussion is NASCAR's request for a low-cost rental agreement on its Charlotte offices.

Share this post


Link to post
Share on other sites

My sources tell me that the CLT city council has pitched a novel plan to NASCAR involving combining the HOF with the arts plan to create a combination HOF/African-American Museum along with Bechtler's paintings hanging in the restrooms---so.... top that if you can ATL!!

:P

Considering some of our money for the HOF just announced by the state was to go to the homeless - I think they will combine the NASCAR HOF with a homeless shelter... Oh wait, that is practically every building in downtown already ;)

Share this post


Link to post
Share on other sites

Well i for one am fed up with this. I don't even like NASCAR. I wanted to have the Hall of Fame though. Now I don't. The way they are playing us, I don't care about getting it. I would rather Atlanta get it!

Share this post


Link to post
Share on other sites

Are you just pondering hypotheticals or are you hinting at something?

http://www.newsobserver.com/122/story/412345.html

I wish I was hinting. Like our Atlanta friends, I was wondering what $150M could be used for that could make a larger impact. We claim we keep losing companies to SC because we can't compete with their incentives, but now we apparantly have $150M to lure a company here....I just wonder how big of a corporate fish that would catch.

Share this post


Link to post
Share on other sites

Well if ATL get the HOF, i guess CLT will finally get the river they never had. A river of tears!

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • 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.