Doesn't matter who paid for it, but it got built.
I remember when there was consideration for a team in Monterrey or Mexico City. They looked deeper, and found that the only real American football fans were Mexicans who had gone to college or lived a long time in the US. That group could fill a stadium for a game or two, but a whole season would erase the novelty value after a few games.
Hard to say. The NFL keeps scheduling games in London every year. They're constantly looking for global money. The money is in corporate sponsorships and luxury boxes, not the average Joe in the cheap seats.
It is true that the rich don't have loads of cash on hand, as their wealth is tied up in various assets. However the rich do have access to high levels of leverage, often to an extreme degree. They would never tie up $2B of capital all at once; it would be borrowed, using existing assets as collateral, with extremely low interest rates. As the old saying goes, "the easiest way to get a loan is to prove you don't need it."
Ahhhh…no. I own the frequencies
You own the license. The license expires eventually and needs to be renewed; renewal is expected by not guaranteed. Or it can be revoked and cancelled due to infractions... not a frequent occurrence but distinctly possible.
How about New England? 6 Super Bowl wins in the past 20 years. What is your point?
Out of about 15,000 radio stations, how many have ever lost licenses? In fact, how many have been challenged, even back in the 70's when strike applications encouraged by certain religious and activist groups were promoted?
For the record, A, the City of Buffalo has nothing to do with Bills stadium negotiation. That would change if the Bills were considering a downtown site. But from what we know, the Pegulas are proposing the new stadium for suburban Orchard Park, adjacent to the existing one. The primary level of government during the past two stadium lease negotiations (in 1998 and 2012) was New York State. That appears to be the case this time. Erie County government does play a role as the official owner of the stadium. County Executive Mark Poloncarz wrote a book about the last stadium negotiation, which I should read to be able to address this issue. Still, I don’t recall there ever being a public vote in past negotiations. The state and team came to an agreement. The Erie County Legislature gave its approval, and construction began.
Concur. License challenges and revocations aren't an every day occurance. But they do in fact occur, and the incidents you mention add further testimony and instructive examples to the fact that frequencies are not owned. They're licensed.
Yes, but even in the city of Buffalo, a new stadium would be owned by Erie county, as Buffalo (ta-dahh) is within the county. The city would have a (little) say over some aspects regarding land rights/purchases and infrastructure, but because of the government structure here, Erie county and New York state would be the driving and controlling forces behind any deal. All this said, much of the land around the site that for years has been talked about as the site of the stadium, has been bought by large, local private developers who were ... just speculatin'
