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OT: MLS in Nashville

Sninho
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Re: OT: MLS in Nashville

Unread post by Sninho » Mon Oct 02, 2017 4:23 pm

For anyone still interested, there is this:

http://www.nashville.gov/News-Media/New ... tment.aspx
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MTowho
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Re: OT: MLS in Nashville

Unread post by MTowho » Mon Oct 02, 2017 8:09 pm

"90% funded by the ownership group".....what a BS line. I guess our tax revenue is considered 'private'. Sigh.
Sninho
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Re: OT: MLS in Nashville

Unread post by Sninho » Tue Oct 03, 2017 10:10 am

MTowho wrote:"90% funded by the ownership group".....what a BS line. I guess our tax revenue is considered 'private'. Sigh.
That is definitely a misleading line, for sure. However, here's an article that looks more closely at the deal from an outsider perspective and parses down that language into what it really all means:

http://www.fieldofschemes.com/category/ ... -mls-team/

Given what's stated in that article, the public tax revenue is actually likely to pay for $75Mil of the $275Mil stadium. Given that though, it means that the public tax revenue is going to pay for only 27% of the stadium, as any amount incurred over the $275Mil is the responsibility of the ownership group. We can talk about whether or not tax revenue should be paying for any of it at all, but that's not the reality of professional sports stadiums in this country. IMO, this is one of the better stadium deals in the realm of professional sports, in terms of burden on the local citizens.
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MTowho
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Re: OT: MLS in Nashville

Unread post by MTowho » Wed Oct 04, 2017 9:33 am

That's a nice breakdown. That article states that any shortfall of the tax revenue and ticket surcharge would be covered by metro, not the ownership group. The costs above and beyond the $275M to build the stadium would be on the ownership group, but the money they are banking on from revenues related to the stadium are still on metro if they don't reach the projected targets. From the numbers in the article, metro is on the hook for about $75M including the tax revenue (higher if tickets don't sell well).

I agree, it is nowhere near the worst stadium deal in modern America, particularly when you look at one like the Vegas/Raiders deal. But, Barry's 'private-public' rhetoric is pretty silly.

Cool website, by the way. Bookmarking that one.
Sninho
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Re: OT: MLS in Nashville

Unread post by Sninho » Wed Nov 08, 2017 9:34 am

In case anyone else is following this, the Nashville City Council voted 31-6 to approve the stadium resolution, contingent on Nashville being selected for MLS expansion. If they win the expansion bid, of which two will be awarded in December and Nashville being the front runner for one of them, the team would play the 2018 & 2019 seasons in the USL (2nd Division) prior to starting play in MLS in 2020. Stadium likely wouldn't be finished until the 2021 season though, so the team would likely play its inaugural season in a temporary venue.
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KAjunRaider
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Re: OT: MLS in Nashville

Unread post by KAjunRaider » Wed Nov 08, 2017 10:25 am

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stt
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Re: OT: MLS in Nashville

Unread post by stt » Wed Nov 08, 2017 11:31 am

Do you really think they're going to average 30k/game @ $30/ticket?

Sounds' numbers would be more realistic. 15k/game @ $15/ticket.

Nashville doesn't exactly have the best track record of getting good terms (from a city standpoint), with professional sports teams. When the real estate bubble finally pops, and Nashville has one of the highest tax rates in the country and no modern, urban infrastructure, watch out.

I hate to be Buzz Killington again, but the MLS stuff seems to be rushed quite a bit.
Sninho
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Re: OT: MLS in Nashville

Unread post by Sninho » Wed Nov 08, 2017 11:55 am

Averaging 15K would put them very last in the league in average per game attendance.

https://soccerstadiumdigest.com/2017-mls-attendance/

I think they'll likely average ~20-25K per game, since the stadium will be built to seat 27.5K. Even at $30 per ticket, they would have the lowest per game cost of tickets in the league.

https://www.huffingtonpost.com/entry/ra ... e55af9ecf8

I can understand the feeling that the push for MLS feels rushed, but the truth is that this actually began years ago, when Nashville FC was first created. The goal was always to get to the top level of professional soccer in this country.
ZReed
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Re: OT: MLS in Nashville

Unread post by ZReed » Mon Nov 13, 2017 9:37 pm

stt wrote:Do you really think they're going to average 30k/game @ $30/ticket?

Sounds' numbers would be more realistic. 15k/game @ $15/ticket.

Nashville doesn't exactly have the best track record of getting good terms (from a city standpoint), with professional sports teams. When the real estate bubble finally pops, and Nashville has one of the highest tax rates in the country and no modern, urban infrastructure, watch out.

I hate to be Buzz Killington again, but the MLS stuff seems to be rushed quite a bit.
Your Nashville Sounds comparison is way off base.

MLS may not be on the same level as MLB, but it's far closer to MLB than it is to AAA.

If "bad sports town Atlanta" can do what we did this year ~36k season tickets sold, average of 48,200, Nashville should have no problem averaging ~25k a game.

The Preds would be a far better comparison than the Sounds
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stt
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Re: OT: MLS in Nashville

Unread post by stt » Mon Nov 13, 2017 10:46 pm

You guys make good points. It will be interesting to watch.
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