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LA Stadium seeking more money


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https://profootballtalk.nbcsports.com/2020/05/14/report-rams-seeking-up-to-500-million-in-additional-stadium-financing/

 

Rams owner requesting another $500 mil from the NFL to add to this stadium it will be $900 mil the league has come up with and the overall cost is between $5-6 Billion, which is about $3 Billion over budget. Kroenke and Goodell have really botched this one up. Hopefully this borrowing of money does not put the fans in jeopardy by Goodell demanding ticket prices to go up in order to recoup some of this money. 

Edited by soflbillsfan
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24 minutes ago, Duluther said:

Those numbers are horrifying. What in the hell are they doing?

Wait a California construction project that is over budget and behind schedule? You don’t say. We are horrible with big projects here. Just check out our high speed train. 

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Interesting comments blaming Kroeber, Snead and the Rams. This is in large part due to the fact that the Chargers ardunable to sell PSL’s. The financing for the stadium was set up with the Chargers sending an estimated $400 million from their PSL sales. Last report was the Chargers don’t think they’ll be able to reach $150 million in sales. 
 

With Stan not needing the money personally and disliking Spanos I’d wager this is solely done to stick him with his share of this money. Also @Danger not sure what you mean by not footing the bill. Aside from the G4 loan this is all financed by Stan and the proceeds from PSL sales. There is no public money and very little from the Chargers revenues. In fact Stan has put in $1.8 billion of his personal money. No public funds to this stadium except a rebate if tax revenues for the city of Inglewood exceed a certain number to reimburse the Rams for paying for the infrastructure work the Rams have paid for.

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1 hour ago, soflbillsfan said:

https://profootballtalk.nbcsports.com/2020/05/14/report-rams-seeking-up-to-500-million-in-additional-stadium-financing/

 

Rams owner requesting another $500 mil from the NFL to add to this stadium it will be $900 mil the league has come up with and the overall cost is between $5-6 Billion, which is about $3 Billion over budget. Kroenke and Goodell have really botched this one up. Hopefully this borrowing of money does not put the fans in jeopardy by Goodell demanding ticket prices to go up in order to recoup some of this money. 

Gives up 40M but gets 50M out of this. 

YaoMingMeme.jpg

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