southsider2k5

Ah yes. Good point.

I do not believe that this wasn't an option in this article, no?

The bump in franchise value might actually pay for the entire stadium, potentially, though to be fair paper value is not cash in a bank account. But it does go to if you view paying off the old stadium as an investment in the new stadium, it is a no brainer. Again, also keep in mind that the ISFA is functioning as we speak, so every month that goes by means another payment gets made. The thought is that to get a stadium done for opening day 2030, you need 3 years of construction means that we have at least 3 more years of payments to make until someone needs to be paid to put a shovel into the ground for the first time. Also keep in mind that this scary $50 million number being thrown around also exists because of the remodels which have been done there over the years, and not simply because of original construction. There is a pretty fair chance that this payment structure is directly related to the expiration of the lease too. The ISFA probably took into consideration that there could be no stadium occupant after this lease was completed when they agreed to a payment schedule.

Meaning his kids, his kids/kids, etc.

It's also an owners who has cut players with no gain at all. He essentially cut John Danks a $10 million check when he cut him. He did it last year with Leury Garcia. JR and his ancestors stand to gain hundreds of millions of dollars here. This isn't something as simplistic as a baseball contract. This is investment that pays off for decades (maybe longer), not a baseball player which pays off for a period of less than a decade, at most. This is a man who has cut checks for investments all of his life. It is where he made his fortune to buy into the White Sox and Bulls.

If you think Jerry is going to tank a deal that could be worth billions between the stadium, the franchise value, plus the real estate developments over something less (and maybe nothing by the time this starts) than $50 million that is laughable. That's a down payment.

I really can't imagine predicting anyone else in this system as being the #1 prospect with any sort of realistic odds.

I don't think this will be NO parking, it will be just be at a much reduced ratio, and probably a lot more expensive to keep people from wanting to park.

That $50 million is also still being actively paid off. These funds wouldn't be required until the process for the stadium began. At worst, someone has to cut a check for the balance. Even if they had to pay it today, $50 million isn't going to be the thing that breaks a deal here. That's absurd. Part 2 is that you are confligrating an 8 billion dollar development with the cost of the stadium happening somewhere between $500 million and a billion dollars, probably on the lower end of that guess due to no roof. The cost the Stadium Authority would be dealing with is the stadium itself. The rest of that cost would be separate projects (whether it is one large other project, or many smaller ones within a larger product) legally unrelated to this one. Even if JR is in this other project, it also allows him to still pass this on to his kids while selling off the White Sox. It would totally be separate financing and everything.

The team never did. It was crappy reporting. JR met with the Nashville folks on behalf of the TLR group who wants an expansion team there, and not the White Sox.

$15 million for a front line pitcher is like half price.

Unless you were a cow.

As I said before, it appears the goal is to utilize the existing tax structure for the new stadium.

Cull your follows.

{he's telling on himself}

Every single time this thread comes up all I can think of is how literally everyone of substance who had shown success before just absolutely cratered once Drunk Grandpa showed up. It was uncanny and 100% predictable.

Just expect it. It is easier that way.

Thankfully Xwitter is still around.

Can't hate the team if you can't see it...

Or is it Only 6 televised games!!!

You are panicking over a bullpen in February, a week before pitchers and catchers have even reported to camp. Call the folks at Guinness, as I think we have a new world's record.

Let's hear it!

Part of me is really annoyed by this, the other part just thinks that even if we did sign a nine figure deal, it would just be awful like our eight figure deals... just bigger.

QFT

There are guys who are legitimately good and introspective writers who have amazing insight into what is going on. Then there are those who just stand on a virtual street corner and scream about the end of the world like a revelations preacher. Jim and James belong in the first group. I will stop there.