The Official Arena Thread Part 6
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11-14-2012, 03:31 PM
Join Date: Jan 2009
Location: Ft. McMurray Ab
Originally Posted by
Wow...I just did and I can not believe how eerily similar this stuff sounds. Granted it is Wikpedia, but you read the part about Public Funding, and Backlash, and it scares me how this sounds exactly like what Katz is doing.
A few quotes:
The threat of leaving
- "On February 21, 2008, then MLB president and COO Bob DuPuy gave the commissioners this ultimatum during a hearing on public funding:
"I just want you to know that if you decide not to make a decision tonight, that will be the death knell for baseball in Miami. We are out of time."
City and County Commissioners appeared to take the threat seriously and within hours voted to approve funding for a new ballpark for the Marlins, in the form of a Baseball Stadium Agreement. "
- "In the now finalized deal—supported by Miami Mayor Manny Diaz, Miami-Dade County Mayor Carlos Alvarez, and Burgess—the total building cost of the stadium complex rose by a few million to $634 million. More than 80 percent of that would be paid for using public money. Analysts of the bonds sale soon publicized that—with interest compounding over 40 years—the total cost to the county to repay them would rise to $2.4 billion. "
- "The 2009 election for the next mayor of Miami became a race between two candidates on opposing sides of the controversial stadium vote. As the term-limited City of Miami Mayor Manny Diaz's time in office neared its end, the Marlins endorsed City Commissioner Joe Sanchez's run for the office. Executives from the Marlins and Major League Baseball held fundraisers and donated money to the campaign of Sanchez, a leading supporter of the stadium plan."
Questioning whether the owners are being honest about the financial position of the team
- "During the 2009-10 offseason, the other MLB owners reprimanded the Marlins for purloining too much of the approximately $75 million in revenue sharing and Central Fund monies they receive annually. The news raised public suspicion that the Marlins' front office was being dishonest in their arguments to county and city commissioners that they were barely breaking even financially year after year."
"In August 2010, the Marlins' financial documents were leaked to Deadspin and published on the Internet which showed that the team had a healthy net operating profit of $37.8 million in 2008 alone"
Again, I hope I am wrong.
The thing with him compared to Katz is this is completely his M.O. as far as running a sports team. You need to read the entire body of Loria's work to understand just how horrible a person that man really is.
Now I'm not entirely optimistic about the arena situation here, but that has to do with both sides. Not to mention the difference between the support of the fans between the Marlins and Oilers is massive. The Marlins are in the worst sports city in North America while the Oilers sit in one of the best hockey markets in North America. Edmonton fans have shown the support necessary to deserve a new arena...Miami fans really hadn't done anything of the sort.
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