(04-04-2024, 12:27 PM)Predator Wrote: [ -> ] (04-03-2024, 08:12 AM)p_rushing Wrote: [ -> ]The Chiefs got voted down for their and the Royals tax for 40 years to improve Arrowhead and build a new baseball stadium.
It's an interesting input for the city. Not sure a city wide vote would pass in Jacksonville either, so I wonder if this impacts how the city reps will vote on the funds.
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They wouldn't be increasing the tax rate. They currently have a Jackson County 3/8% sales tax that only funds Arrowhead and Kauffman stadiums and runs through 2031 paid. They were going to repeal that tax and the add back a 3/8% tax that would include the Royals Stadium and extend the tax for 40 years.
It will total $1 billion in tax revenue over 40 years, but the crazy part is they would have to use $200 million to pay off debt they have on their Truman Sports Complex, $500 million would go to interest leaving the Royals with $300 million to pay for a $1 billion dollar stadium.
The Royals planed on coming up with another tax deal with the State of Missouri and just KC proper and not the whole county to cover the $700 million shortfall.
They also was an issue with the lease agreement between the the two teams and the county that never got fully negotiated before the vote with the drafts made public just a few days before the vote and were apparently very once sided for the teams.
Another thing to consider is that the population of Jackson County is almost 300k less than Duval and not growing, so the tax burden could start to weigh heavy on Jackson County and KC especially since they haven't even come up with the actual plan to pay the remaining $700 million. Jackson County could find itself already committed to selling the municipal bonds for the 1st billion before the the $700 million fund raising gets finalized leaving the Royals in a very advantageous position that could allow them to exploit KC on the terms of the new funding because they would be financially committed to build the new stadium and the Royals could start saying the underestimated the actual cost and basically extort the city for more money.
That is a good break down. Appreciate the feedback and facts on why it "failed". Missouri is sneaky expensive state. The personal property taxes killed us each year when we lived there. We moved there from Flordia and were not prepared for the following:
State Income tax without deductions for kids
City Tax for working in St Louis
Personal property tax on value of 2 cars
Full Sales Tax on food and produce
Dual City tax on household goods - We lived in an area where they built half of a Walmart in one "city" and the other in the other "city". Yeah they added tax up to 13.5% on household purchases.
I think I would have voted no as well.
(04-04-2024, 05:53 PM)MoJagFan Wrote: [ -> ] (04-04-2024, 12:27 PM)Predator Wrote: [ -> ]They wouldn't be increasing the tax rate. They currently have a Jackson County 3/8% sales tax that only funds Arrowhead and Kauffman stadiums and runs through 2031 paid. They were going to repeal that tax and the add back a 3/8% tax that would include the Royals Stadium and extend the tax for 40 years.
It will total $1 billion in tax revenue over 40 years, but the crazy part is they would have to use $200 million to pay off debt they have on their Truman Sports Complex, $500 million would go to interest leaving the Royals with $300 million to pay for a $1 billion dollar stadium.
The Royals planed on coming up with another tax deal with the State of Missouri and just KC proper and not the whole county to cover the $700 million shortfall.
They also was an issue with the lease agreement between the the two teams and the county that never got fully negotiated before the vote with the drafts made public just a few days before the vote and were apparently very once sided for the teams.
Another thing to consider is that the population of Jackson County is almost 300k less than Duval and not growing, so the tax burden could start to weigh heavy on Jackson County and KC especially since they haven't even come up with the actual plan to pay the remaining $700 million. Jackson County could find itself already committed to selling the municipal bonds for the 1st billion before the the $700 million fund raising gets finalized leaving the Royals in a very advantageous position that could allow them to exploit KC on the terms of the new funding because they would be financially committed to build the new stadium and the Royals could start saying the underestimated the actual cost and basically extort the city for more money.
That is a good break down. Appreciate the feedback and facts on why it "failed". Missouri is sneaky expensive state. The personal property taxes killed us each year when we lived there. We moved there from Flordia and were not prepared for the following:
State Income tax without deductions for kids
City Tax for working in St Louis
Personal property tax on value of 2 cars
Full Sales Tax on food and produce
Dual City tax on household goods - We lived in an area where they built half of a Walmart in one "city" and the other in the other "city". Yeah they added tax up to 13.5% on household purchases.
I think I would have voted no as well.
The total sales tax for Jackson County and KC is at 9.9% compared to Duval at 7.5%. Plus it sounds like the funding of the Final $700 million is being proposed to come from the state and KC proper and not the full county.
There is also a co0ntroversy about the location chosen for the stadium. The Royals want it down town and neat an interstate. That property is currently a fairly densely populated commercial area which would require buying out the property a bunch of small business owners displacing them and hurting the tax revenue that earned in that area.
I'm surprised that the put it on the ballet with so many issues yet to be resolved. You can't blame the voters for voting it down right now and waiting to vote again at a later date when the have a full plan in place so the tax payers have a much more clear idea how much money they will actually be committing to. In the article read, the Councilmen they interviewed seemed pretty disgusted that the Royals would bring a plan so incomplete to put before the voters. It was almost like the Royals thought that the city would be on such a high after winning the Superbowl that the voters would just hand them a blank check.
He said the lease agreement that was one sided in favor of the teams was never even signed..
(04-04-2024, 05:53 PM)MoJagFan Wrote: [ -> ]That is a good break down. Appreciate the feedback and facts on why it "failed". Missouri is sneaky expensive state. The personal property taxes killed us each year when we lived there. We moved there from Flordia and were not prepared for the following:
State Income tax without deductions for kids
City Tax for working in St Louis
Personal property tax on value of 2 cars
Full Sales Tax on food and produce
Dual City tax on household goods - We lived in an area where they built half of a Walmart in one "city" and the other in the other "city". Yeah they added tax up to 13.5% on household purchases.
I think I would have voted no as well.
Wut
How cool would it be to have checkouts on each side of the city lines and taxes differ in each....could see it now....line up on this side for cheap beer, line up on this side for cheap toilet paper LOL
I have always thought the Jaguars owner would prefer to move the team out of Jacksonville. Seems like years now they have been discussing the stadium issue with no movement or any plan in place. Perhaps by choice.
(04-09-2024, 10:03 AM)NFLfandom Wrote: [ -> ]I have always thought the Jaguars owner would prefer to move the team out of Jacksonville. Seems like years now they have been discussing the stadium issue with no movement or any plan in place. Perhaps by choice.
You're not very well informed about things lol
(04-09-2024, 02:01 PM)snarkyguy_he_him_his Wrote: [ -> ] (04-09-2024, 10:03 AM)NFLfandom Wrote: [ -> ]I have always thought the Jaguars owner would prefer to move the team out of Jacksonville. Seems like years now they have been discussing the stadium issue with no movement or any plan in place. Perhaps by choice.
You're not very well informed about things lol
Several fan bases have said that before their team moves. Good luck with that. lol.
(04-09-2024, 03:41 PM)RicoTx Wrote: [ -> ] (04-09-2024, 02:32 PM)NFLfandom Wrote: [ -> ]Several fan bases have said that before their team moves. Good luck with that. lol.
Yeah, we've been moving for fifteen years now.
Most fan bases outside of Jacksonville have zero clue of what is going on here, kind of like you. So there's that.
"I have always thought the Jaguars owner would prefer to move the team out of Jacksonville."
So you have always thought this? So where does this brilliant observation come from? The money that Khan has already put into the city, the stadium, the practice facilities, or the locker rooms (which are some of the best in the league). The fact that he's negotiating with the city on a complete stadium overhaul? Or are you just going by some national media outlet? I mean, all of that obviously points to them moving.
Well, the city and the Jaguars have no deal in place at the moment, and this didn't just start last week.
Khan could pay for a bigger portion of the renovation than he already has committed to & the deal could be done already. If a deal were done today they could begin actual construction after the 2025 season. The renovation would not be complete until 2029. I hope it gets done soon for the Jaguars sake. But no, I don't think Khan fully rules out moving the team if financially that would strengthen the franchise.
(04-09-2024, 04:52 PM)NFLfandom Wrote: [ -> ] (04-09-2024, 03:41 PM)RicoTx Wrote: [ -> ]Yeah, we've been moving for fifteen years now.
Most fan bases outside of Jacksonville have zero clue of what is going on here, kind of like you. So there's that.
"I have always thought the Jaguars owner would prefer to move the team out of Jacksonville."
So you have always thought this? So where does this brilliant observation come from? The money that Khan has already put into the city, the stadium, the practice facilities, or the locker rooms (which are some of the best in the league). The fact that he's negotiating with the city on a complete stadium overhaul? Or are you just going by some national media outlet? I mean, all of that obviously points to them moving.
Well, the city and the Jaguars have no deal in place at the moment, and this didn't just start last week.
Khan could pay for a bigger portion of the renovation than he already has committed to & the deal could be done already. If a deal were done today they could begin actual construction after the 2025 season. The renovation would not be complete until 2029. I hope it gets done soon for the Jaguars sake. But no, I don't think Khan fully rules out moving the team if financially that would strengthen the franchise.
So why did you stop posting under PackersNation?
(04-09-2024, 05:52 PM)RicoTx Wrote: [ -> ] (04-09-2024, 04:52 PM)NFLfandom Wrote: [ -> ]Well, the city and the Jaguars have no deal in place at the moment, and this didn't just start last week.
Khan could pay for a bigger portion of the renovation than he already has committed to & the deal could be done already. If a deal were done today they could begin actual construction after the 2025 season. The renovation would not be complete until 2029. I hope it gets done soon for the Jaguars sake. But no, I don't think Khan fully rules out moving the team if financially that would strengthen the franchise.
So why did you stop posting under PackersNation?
It reminds me of the video Winger posted in the MLB forum that showed the ejected manager emerge in the dugout a few minutes later wearing a glasses and mustache “disguise”.
(04-09-2024, 08:15 PM)homebiscuit Wrote: [ -> ] (04-09-2024, 05:52 PM)RicoTx Wrote: [ -> ]So why did you stop posting under PackersNation?
It reminds me of the video Winger posted in the MLB forum that showed the ejected manager emerge in the dugout a few minutes later wearing a glasses and mustache “disguise”.
Just say Toodle Loonie then not reply anymore.
(04-09-2024, 02:01 PM)snarkyguy_he_him_his Wrote: [ -> ] (04-09-2024, 10:03 AM)NFLfandom Wrote: [ -> ]I have always thought the Jaguars owner would prefer to move the team out of Jacksonville. Seems like years now they have been discussing the stadium issue with no movement or any plan in place. Perhaps by choice.
You're not very well informed about things lol
kinda surprised the shield isn't green and yellow if'n ya knows what I mean.
The intrinsic value of a season ticket would be much higher with a roof on the stadium. Currently, one has to factor in the possibility that some games will be played in bad weather. Or in the boiling sun. With the new stadium, season ticket holders are assured of every game being played in tolerable weather, which makes the season tickets worth a lot more.
(04-11-2024, 10:54 AM)The Real Marty Wrote: [ -> ]The intrinsic value of a season ticket would be much higher with a roof on the stadium. Currently, one has to factor in the possibility that some games will be played in bad weather. Or in the boiling sun. With the new stadium, season ticket holders are assured of every game being played in tolerable weather, which makes the season tickets worth a lot more.
Makes sense. The article plays down the possibility of PSLs, but I see them as an inevitability.
(04-11-2024, 11:02 AM)homebiscuit Wrote: [ -> ] (04-11-2024, 10:54 AM)The Real Marty Wrote: [ -> ]The intrinsic value of a season ticket would be much higher with a roof on the stadium. Currently, one has to factor in the possibility that some games will be played in bad weather. Or in the boiling sun. With the new stadium, season ticket holders are assured of every game being played in tolerable weather, which makes the season tickets worth a lot more.
Makes sense. The article plays down the possibility of PSLs, but I see them as an inevitability.
Retractable roofs are rarely ever opened in most stadiums so adding a full enclosure with some glass views of the exterior would be most beneficial.
I don't believe our fans would support as is the case in other cities. Given the increase in home and auto insurance, as well as other items across our state, the last thing I'm going to do is commit to any PSL. In fact, my big [BLEEP] TV, 70 degree thermostat setting, $2 IPAs, and $18 three pound bag of wings, is becoming more and more enticing the older I become.
(04-11-2024, 11:20 AM)HURRICANE!!! Wrote: [ -> ] (04-11-2024, 11:02 AM)homebiscuit Wrote: [ -> ]Makes sense. The article plays down the possibility of PSLs, but I see them as an inevitability.
Retractable roofs are rarely ever opened in most stadiums so adding a full enclosure with some glass views of the exterior would be most beneficial.
I don't believe our fans would support as is the case in other cities. Given the increase in home and auto insurance, as well as other items across our state, the last thing I'm going to do is commit to any PSL. In fact, my big [BLEEP] TV, 70 degree thermostat setting, $2 IPAs, and $18 three pound bag of wings, is becoming more and more enticing the older I become.
A shaded stadium with, hopefully, some Big [BLEEP] fans to move the air will be a LEAP in comfort.
It seems to me, as a non engineer, that having a climate controlled stadium would require it be purpose built from the design table to the top of the roof.
(04-11-2024, 10:54 AM)The Real Marty Wrote: [ -> ]The intrinsic value of a season ticket would be much higher with a roof on the stadium. Currently, one has to factor in the possibility that some games will be played in bad weather. Or in the boiling sun. With the new stadium, season ticket holders are assured of every game being played in tolerable weather, which makes the season tickets worth a lot more.
Has any information been published in support? I'm not disputing the theory, just wondering if the city and or team has done any research and if so, what relative difference it indicates.