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Re:Amazon's electricity rate discounts have pushed up utilit... by gamblor956 on Monday August 20, 2018 @01:31PM (#17801903)
LA is not providing any money for the Rams/Chargers stadium, nor did it pay for any part of the LA Football stadium. We told the teams they could build a stadium if they wanted the second-largest media market in the US to call home, or they could shove it. They did the math and now LA has 2 football teams and 2 futbol teams.
Re:Amazon's electricity rate discounts have pushed up utilit... by opo on Monday August 20, 2018 @02:06PM (#17802277)
While their is less public subsidy for the Rams/Chargers stadium than many other stadiums, it doesn’t look like it is zero:

>..."There will be no public dollars, no taxpayer dollars used for this project," he said. "The entire project has been privately capitalized and is being privately funded." The nuance between that statement — similar claims were made by Inglewood Mayor James Butts — and tax breaks that could reach $100 million lies in the fine print of a 185-page initiative plan filed by the developers earlier this month. It includes two paragraphs of how Inglewood would eventually reimburse the project for the costs of roadwork, utility work and public parks on the nearly 300-acre site. Meany estimated those costs at $60 million. The city would also reimburse costs of security, medical services and shuttles to off-site parking during stadium events, which Butts estimated at about $8 million a year.

http://www.latimes.com/sports/la-sp-stadium-tax-break-201501...

Re:Amazon's electricity rate discounts have pushed up utilit... by gamblor956 on Monday August 20, 2018 @03:59PM (#17803370)
Around the stadium is a large mixed-use development (housing, restaurants, offices, hotel, etc.). When talking about the project, the larger development is often conflated with the stadium for ease-of-reference but the two are very separate projects. The mixed-use development has received significant tax breaks, and associated projects (such as rebuilding parks, etc.) are being paid for by the developers. Those costs would be reimbursed by Inglewood over time in the form of tax breaks, if tax revenues actually exceed a specified threshold each year...so potentially not at all.

Also, being pedantic, Inglewood is its own city.

Re:Amazon's electricity rate discounts have pushed up utilit... by wgerard on Monday August 20, 2018 @01:57PM (#17802164)
LA (along with NY and maybe Chicago) is the exception that proves the rule.

Most cities that tell teams to shove it just end up losing their teams to other markets: In this case, San Diego and St. Louis.

Re:Amazon's electricity rate discounts have pushed up utilit... by CodeCube on Monday August 20, 2018 @02:01PM (#17802216)
But are they worse off for "losing" those teams?
Re:Amazon's electricity rate discounts have pushed up utilit... by wgerard on Monday August 20, 2018 @03:38PM (#17803166)
Definitely a valid question! I think it's hard to define what "worse off" means here, mostly because it's hard to put a number on the value of entertainment to people (other than the obvious ones: ticket prices, etc.).

I get what you're saying, though - cities often give up a lot (and probably too much) to keep franchises happy.

I'm mostly just pointing out the major power disparity between LA and other cities: Major sports teams want to be in LA far more than LA wants a major sports team. That's not true of, say, Seattle or St. Louis or San Diego.

Re:Amazon's electricity rate discounts have pushed up utilit... by cimmanom on Monday August 20, 2018 @03:04PM (#17802850)
NY already did the losing their teams to other markets thing, they just did it 60 years ago.