4 ms·

I'm from Las Vegas and that's not a great description of the situation. The vote to approve the stadium will rank as one of the top 5 most corrupt things to ev

I'm from Las Vegas and that's not a great description of the situation. The vote to approve the stadium will rank as one of the top 5 most corrupt things to ever happen in our city... which was formerly ran by the mob. And think about this... the capacity of the stadium is 65,000. If all 8 games are SELLOUTS, and every single attendee looses $100 to the casinos after every single game, that's 52 million dollars. So it would take about 20 years to pay for the Billion dollar stadium. Obviously thats disastrously simplified, but if you think we can pay for this stadium with just a small tax on the increased revenue.... that's way way off.

jedberg 8y ago
Presumably that person coming to the game is not only betting, but is also staying at a hotel, eating a few meals, flying into and out of the airport, and gambling at the hotel. It's how you guys make most of your tax base, so I'd assume an increase in the tax base would be good. Now the new traffic on the other hand...
- ghostbrainalpha 8y ago
  That's why I was saying my model was over simplified. Obviously those people will spend a lot of money, but even if they ALL fly here Airport visitation stats won't go up 1%. If we wanted to bring more visitors to Las Vegas pretty much any other way to spend a Billion dollars would have been more productive. The politicians never even tried to make that argument, at least to a sophisticated audience. It's all about legacy, and home town spirit. Apparently a lot of people can't really be proud of a city that doesn't have an NFL team to root for. Bottom line is we spent more to get an NFL team than any other city, and we are getting less out it than most cities, because we already have to many things to compete for a tourist's dollar and we didn't need a "star attraction" to revitalize an aging downtown or some of the other rationalizations other cities have used.
- masonic 8y ago
  As a Raiders season ticket holder, I can assure you that their division games (Chargers, Chiefs, Broncos) don't draw well. The visitors that draw, when you get them, are Steelers, Pats, Cowboys, maybe Chicago if their uptrend continues. But being Vegas is a wild card; there will be an attraction to Vegas, though not necessarily the stadium, on game weekends.
deleted 8y ago
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koolba 8y ago
The stadium can be used for non-NFL events during the other 6 days of the week or 8 months of the year. That’s what every other stadium does.
- ghostbrainalpha 8y ago
  That's what other cities do, but we already have 4 other stadiums of that size which are competing to book those events... and nobody has that much stuff going on, so it will be empty a lot more than your thinking.
  - jedberg 8y ago
    And a bunch of awesome venues all over town.
- masonic 8y ago
  Levi's Stadium doesn't get much non-football use. Even the Pac-12 Championship is moving elsewhere.
masonic 8y ago
So it would take about 20 years to pay for the Billion dollar stadium. Except it's actually a two billion dollar stadium. Double the fun!

jedberg 8y ago

Presumably that person coming to the game is not only betting, but is also staying at a hotel, eating a few meals, flying into and out of the airport, and gambling at the hotel. It's how you guys make most of your tax base, so I'd assume an increase in the tax base would be good. Now the new traffic on the other hand...

ghostbrainalpha 8y ago
That's why I was saying my model was over simplified. Obviously those people will spend a lot of money, but even if they ALL fly here Airport visitation stats won't go up 1%. If we wanted to bring more visitors to Las Vegas pretty much any other way to spend a Billion dollars would have been more productive. The politicians never even tried to make that argument, at least to a sophisticated audience. It's all about legacy, and home town spirit. Apparently a lot of people can't really be proud of a city that doesn't have an NFL team to root for. Bottom line is we spent more to get an NFL team than any other city, and we are getting less out it than most cities, because we already have to many things to compete for a tourist's dollar and we didn't need a "star attraction" to revitalize an aging downtown or some of the other rationalizations other cities have used.
masonic 8y ago
As a Raiders season ticket holder, I can assure you that their division games (Chargers, Chiefs, Broncos) don't draw well. The visitors that draw, when you get them, are Steelers, Pats, Cowboys, maybe Chicago if their uptrend continues. But being Vegas is a wild card; there will be an attraction to Vegas, though not necessarily the stadium, on game weekends.

deleted 8y ago

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koolba 8y ago

The stadium can be used for non-NFL events during the other 6 days of the week or 8 months of the year. That’s what every other stadium does.

ghostbrainalpha 8y ago
That's what other cities do, but we already have 4 other stadiums of that size which are competing to book those events... and nobody has that much stuff going on, so it will be empty a lot more than your thinking.
- jedberg 8y ago
  And a bunch of awesome venues all over town.
masonic 8y ago
Levi's Stadium doesn't get much non-football use. Even the Pac-12 Championship is moving elsewhere.

masonic 8y ago

So it would take about 20 years to pay for the Billion dollar stadium. Except it's actually a two billion dollar stadium. Double the fun!