Drillers Deadline Today (again)

[inteller]

yes, especially if any of that machinery is involved in building the stadium.

we turned down free money for the river debacle too.

How about throwing some free money at finishing the smooth sections of the BA....THAT's something I could get behind.  Nothing like literally driving on rich people's money.

[Wrinkle]

quote:Originally posted by USRufnex

quote:Originally posted by Wrinkle

quote:Originally posted by TulsaSooner

As far as I know, TPFA's facilities were paid for entirely with public funds, the ballpark is not.

As I understood things, those were 'donations'.
Or, did you mean it's a 'pay-to-play' deal?

Besides, I think the argument can be made, particularly with the construct of the current Trust Agreement, that the IDL tax will pay the $30 million ($25m + $5m from Drillers) cost of the ballpark, with the 'donors' $30m really being used for surrounding development.

For getting prime and solitary rights to all peripheral development, they also get to own and run the ballpark. And, the current Trust Agreement really has NO LIMITATIONS on when, where or how much land they can buy, sell, own, operate. It's not even limited to the IDL. For that matter, not even the City limits.

They could buy a Major League Team in Kansas City if they can find a way to word it as appropriate. It wouldn't even need be a baseball team. Heck, they could buy Busch stadium or your house if they wanted the way it's worded.

No comment.

That really was just for you.

[Townsend]

Stadium trust vote delayed until next month

http://www.kjrh.com/news/local/story.aspx?content_id=860dd844-bb5a-4b3a-ab4a-0ace2ed1a53f

Tulsa city councilors on Tuesday postponed Thursday's vote on a stadium trust agreement so the community can give input.

This weekend, the Drillers announced they are willing to play downtown at Archer and Elgin. Before that happens, the trust has to be set up so it can collect $30 million in donations that will help build the stadium.

Meanwhile, ballpark donors made significant changes to the proposed agreement. Two smaller downtown property owners, Glen Stroebel and Larry Lyon, have now been added to the trust; along with Greenwood Chamber of Commerce President Reuben Gant.

"Those downtown property owners are being forced to pay for the ballpark through the increase in their assessment, and they need to have a say on the trust," said Councilor Rick Westcott.

Stan Lybarger, president of Bank of Oklahoma, represents the donors. He presented the changes at Tuesday's meeting.

"I don't think there are broad areas of disagreement," said Lybarger. "There will be some tweaking, changes in the wording, but substantively, I don't think the agreement will change very much."

Westcott says he's close to a "yes" vote.

"I think the trustors heard the concerns councilors had that we expressed two or three weeks ago. I think they've gone a long way to addressing those concerns," Westcott said.

The mayor wanted councilors to approve the agreement this Thursday, citing rising construction costs. Councilors say, that's too soon.

"We need to let the public have as much information that's germaine to this proposed trust document and comment fully before we pull trigger on it," said Councilor John Eagleton during the meeting.

Drillers owner Chuck Lamson believes councilors have legitimate concerns.

"Obviously we hope to get it done sooner rather than later, but we understand how the proces works," said Lamson. "We'll adjust to it and keep going as if we're going to get the "yes" vote and we feel very good about that."

Council is scheduled to discuss the trust agreement at meetings on Thursday, August 28th and Thursday, September 11th at 6pm in council chambers at city hall. A vote is expected on the 11th.

[TheArtist]

Well good to hear they are making some positive changes. One wonders though whether they planned to put out an initial "insane" proposal as a bargaining position or distraction, and then "give in a little", but still end up where they wanted?  Or were they just truly full of it in the first place?

They are either very crafty or very wacko.

[USRufnex]

quote:Originally posted by Wrinkle

quote:Originally posted by USRufnex

quote:Originally posted by Wrinkle

quote:Originally posted by TulsaSooner

As far as I know, TPFA's facilities were paid for entirely with public funds, the ballpark is not.

As I understood things, those were 'donations'.
Or, did you mean it's a 'pay-to-play' deal?

Besides, I think the argument can be made, particularly with the construct of the current Trust Agreement, that the IDL tax will pay the $30 million ($25m + $5m from Drillers) cost of the ballpark, with the 'donors' $30m really being used for surrounding development.

For getting prime and solitary rights to all peripheral development, they also get to own and run the ballpark. And, the current Trust Agreement really has NO LIMITATIONS on when, where or how much land they can buy, sell, own, operate. It's not even limited to the IDL. For that matter, not even the City limits.

They could buy a Major League Team in Kansas City if they can find a way to word it as appropriate. It wouldn't even need be a baseball team. Heck, they could buy Busch stadium or your house if they wanted the way it's worded.

No comment.

That really was just for you.

You talk like that's a bad thing..... repeat after me:  flexibility = good.  Ask OKC about how they got NBA basketball to come to town after the Hornets had to leave New Orleans post-hurricane katrina..... and if the NBA hadn't come to OKC this year, what would've become of "MAPS III - 'NBA in 3-D'"...... the city woulda still got the bucks...

Normally, I just read this stuff so you don't have to...

But here's one back at ya....

Friday, August 22, 2008
Stadium developers seek $30M in Missouri tax credits
Sept. 16 may be the most crucial date for the Kansas City Wizards this year, and it will find them in the government arena.
http://www.bizjournals.com/kansascity/stories/2008/08/25/story2.html?b=1219636800%5E1688218&t=printable

ENJOY!