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Re: A tad toooo late to hold L.A. for ransom. I think it's funny. Huh???

May 16, 2020 01:26PM
Well yes-the public did pay-but its complicated.

Inglewood has been a city and community long in despair. In order to convince the taxpayers there that the stadium will help finance -through sales taxes-need construction to the infrastructure and most important improvements to the failing Martin Luther King hospital.Those are commitments that will have to be met.But in order for Kroenke get this done Inglewood is allowing Kroenke to pocket some of the sales taxes from purchases made in the stadium complex, a kickback that's worth an estimated $180 million. Moreover, uses for the nearly 300-acre site would have been more productive according to many experts. So in order to complete the infrastructure and the improvements to the only trauma center in the entire community the public will be on the hook in the form of TAXES.

And yes there are other hidden details in the financing-such as allowing a continuing deferral of loan payments, seemingly at the whim of Kroenke, etc. Its not "public financing" like we are used to thinking re NFL stadiums but to say it is not cost to the public is false.
SubjectAuthorViewsPosted

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RamBill638May 14, 2020 12:33PM

  Re: oh boy nm

Speed_Kills175May 14, 2020 04:55PM

  Re: Report: Rams want to borrow $500M more from NFL for SoFi Stadium

mikeguman347May 14, 2020 05:12PM

  Sheesh, Walmart is staying open during this pandemic

NewMexicoRam220May 14, 2020 06:45PM

  Salary cap likely to go down in 2021

Rampage2K-257May 14, 2020 07:15PM

  Re: Salary cap likely to go down in 2021

AlbaNY_Ram186May 15, 2020 01:27AM

  stan kroenke isn't the most ethical person for sure

Rams_81292May 15, 2020 10:46AM

  That's true. . . but. . . .

RAMbeau170May 15, 2020 02:33PM

  Re: Report: Rams want to borrow $500M more from NFL for SoFi Stadium

MOBSQUAD99220May 15, 2020 02:11PM

  Re: Report: Rams want to borrow $500M more from NFL for SoFi Stadium

MamaRAMa329May 15, 2020 02:23PM

  A tad toooo late to hold L.A. for ransom. I think it's funny.

Ramgator153May 15, 2020 02:54PM

  Re: A tad toooo late to hold L.A. for ransom. I think it's funny. Huh???

Rampage2K-150May 15, 2020 04:07PM

  Regardless... Billionaires asking for hand outs gets old.

Ramgator161May 15, 2020 04:33PM

  It's not a hand out

Rampage2K-293May 15, 2020 05:35PM

  also...it's WAAAY more than just a stadium....

SunTzu_vs_Camus144May 16, 2020 06:23AM

  Re: A tad toooo late to hold L.A. for ransom. I think it's funny. Huh???

waterfield122May 16, 2020 01:26PM

  Re: A tad toooo late to hold L.A. for ransom. I think it's funny. Huh???

Rampage2K-134May 16, 2020 01:51PM

  Re: A tad toooo late to hold L.A. for ransom. I think it's funny. Huh???

waterfield125May 16, 2020 02:34PM

  Re: A tad toooo late to hold L.A. for ransom. I think it's funny.

AlbaNY_Ram148May 15, 2020 04:25PM

  What’s the big deal here?

Rams43191May 15, 2020 03:12PM

  Re: What’s the big deal here?

Rampage2K-193May 15, 2020 04:11PM

  The issue is the Chargers...

max196May 15, 2020 06:19PM

  Re: Chargers will go back to San Diego.........

oldschoolramfan165May 16, 2020 06:53AM

  Maybe Kroenke is angling for that...

max141May 16, 2020 01:49PM

  Re: Maybe Kroenke is angling for that...

Rampage2K-250May 16, 2020 02:04PM

  +1

LMU93142May 16, 2020 11:00AM