Quote:
Originally Posted by DanT
The use of STAR bonds to build the stadium in Kansas seems like it would be questionable. The proposal right now is that it would fund the entire building. Those are not guaranteed bonds, so think about what an investor has to consider in terms of whether sales tax revenue from the stadium events will pay them off. Let's say they get 500 games with 70,000 fans at each. That's 35 million. Let's say each fan spends $400 and sales tax is 10%. That's only 1.4 billion. The stadium supposedly will cost 2 or 3 billion. That seems like a bad bet for an investor. I sure as hell wouldn't plan on a NFL Stadium having 500 big crowds over its lifetime. That would take decades to achieve, given that typically a team plays fewer than 12 games at home a year.
I don't think Kansans are so naive that they will let this proposal go through. It is based on crazily optimistic assumptions.
|
what does the average Kansan have to do with risk to an investor buying bonds in one of the safest sports for one of the safest teams? Also doing math is really stupid unless you have all of the figures and you clearly don’t you’re just shooting in the dark