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Old 09-26-2017, 09:41 AM   #46
FullMonte
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Originally Posted by mb504 View Post
I get the math. I don't see the part of the equation where Tom Benson could not profit from the Saints without government subsidies. We've never seen and we'll never see that part of the math. The only reason we don't hear the extortion threats any more is because the league stepped in and wouldn't let him take the team to San Antonio after Katrina.
That requires the assumption that if the state stopped giving the Saints incentives, no other area would.

It's not about whether or not Tom Benson can be profitable without incentives. It's about whether or not the team stays in New Orleans.

People look at these incentives as some kind of handout...in reality they are an investment. My way of looking at the overall picture is simple...since I've been old enough to pay attention, Los Angeles, Houston, Cleveland, Baltimore, St. Louis, and Oakland have all lost their NFL franchises. Taking Oakland and St. Louis out of the equation, since they just happened...every single one of those cities did whatever it took to get another franchise after they lost theirs. I have to believe that those cities saw that not having a team had a huge financial impact, otherwise, they wouldn't have spent the money they did to get a team back. (Ok, so, Los Angeles is probably an outlier...)
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Old 09-26-2017, 09:46 AM   #47
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Thing is the Saints are not the only thing Louisiana would lose if that funding was cut. Benson won’t be around too much longer, and Gayle isn’t a spring chicken either. Benson’s businesses are all entertained once him and Gayle are gone, their loyalty to NO is gone. All the businesses can be sold off if the Saints move, which will put a very noticeable dent in the economy. Would all Benson’s properties in the business district still be profitable if the Saints left and they were sold off?

I’m no fan of public sponsorship of a billionaires game. However what you see in San Diego and Oakland is what happens without it. So, as much as we hate it, be ready for the consequences if that happens
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Old 09-26-2017, 01:23 PM   #48
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Originally Posted by st dude View Post
I think everyone on here would likely agree the Saints should not be subsidized with payments and tax breaks. But you have to finish the analysis.

There are 32 NFL teams. The beneficial economic impact a pro team has on a city is huge, even bigger for cities that periodically host the super bowl. Even when you try recruit businesses to a city or top business talent, the presence of an NFL can be an important draw.

Cities that do not hav NFL teams will go to great lengths to get one. They will offer incentives, build stadiums and give tax breaks. The Saints were very close to moving tomSan Antonio when the state and city made concessions to keep them.

Teams can get what the market will bear. The deal has been cut. For those who don't like the deal, are you okay with the Saints leaving? Have you done the economic analysis of what the city pays in incentives vs what the city would lose in not having an NFL game in town ten weekends a year?

It's too easy just to say I don't want to give them a tax break. Who does? Finish the thought though, are you okay losing them to another city? Have you considered the negative economic impact to New Orleans of losing the Saints, not even counting the impact on the morale of the city?
The question than becomes - is this the best investment for that money? Most economic analysis I've seen comes to the conclusion that if you want to invest your public dollars, sports teams provide a poor ROI.

So really, you should look at it as -- we have $XX in money we want to invest, where should we put it? If a pro-sports team is the best your leaders can come up with, we might want new leaders.
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Old 09-26-2017, 01:23 PM   #49
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Quote:
Originally Posted by st dude View Post
I think everyone on here would likely agree the Saints should not be subsidized with payments and tax breaks. But you have to finish the analysis.

There are 32 NFL teams. The beneficial economic impact a pro team has on a city is huge, even bigger for cities that periodically host the super bowl. Even when you try recruit businesses to a city or top business talent, the presence of an NFL can be an important draw.

Cities that do not hav NFL teams will go to great lengths to get one. They will offer incentives, build stadiums and give tax breaks. The Saints were very close to moving tomSan Antonio when the state and city made concessions to keep them.

Teams can get what the market will bear. The deal has been cut. For those who don't like the deal, are you okay with the Saints leaving? Have you done the economic analysis of what the city pays in incentives vs what the city would lose in not having an NFL game in town ten weekends a year?

It's too easy just to say I don't want to give them a tax break. Who does? Finish the thought though, are you okay losing them to another city? Have you considered the negative economic impact to New Orleans of losing the Saints, not even counting the impact on the morale of the city?
The question than becomes - is this the best investment for that money? Most economic analysis I've seen comes to the conclusion that if you want to invest your public dollars, sports teams provide a poor ROI.

So really, you should look at it as -- we have $XX in money we want to invest, where should we put it? If a pro-sports team is the best your leaders can come up with, we might want new leaders.
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