Proof-Variation7005 t1_jda3lb8 wrote
>Given the market challenges of the last year, including a global pandemic, rising interest rates, tighter market conditions, and a looming banking crisis
Outside of "looming banking crisis", which is hyperbolic doomsday nonsense not supported in reality, weren't every single one of those conditions true when this was approved last year?
Yeah, interest rates hadn't been increased that much yet last summer, but there was zero doubt that was happening in the very near future.
fishythepete t1_jdad3zh wrote
People in this state losing their mind over a building with private funding and some tax abatement because (pick one):
- We need affordable housing not luxury apartments
- There isn’t a demand for more luxury apartments
Were meanwhile totally fine with the city borrowing money to build a stadium for a sport without any proven demand and without funding secured for a major part of the project (housing).
And people wonder why we can’t buy beer at a gas station 😂
waninggib t1_jdajata wrote
I don’t know a single person who is calling for more affordable housing that was okay with the stadium being publicly funded.
Proof-Variation7005 t1_jdatob1 wrote
I would’ve made shrugged and dealt with tidewater if it had the 500 apartments or whatever it was supposed to include.
bambooboi t1_jdawa75 wrote
Absolutely agree.
This state leadership needs to get its head out of its ass and focus on reality. We have an aging, as well as low socioeconomic demographic as a state. We are becoming increasingly strained in schooling, elder care (nursing), affordable housing (most structures in Providence are greater than 50 years old), and healthcare (Lifespan and CNE are collectively in greater than $100 mill in debt).
A soccer stadium should be the last of our worries.
misterspokes t1_jdb7wtm wrote
Especially since the soccer team was fine with playing in Cranston and upgrading Stebbins...
Mountain_Bill5743 t1_jdbemo3 wrote
You sound like me when I try to explain to people coming from MA why it's magically so much cheaper to buy a house here.
I think you covered all of your bases except for the pension nightmare.
Oh and climate change and all of our coastal towns at risk of flooding and in flood zoning.
spokchewy t1_jdcax4w wrote
fishythepete t1_jdcqp5l wrote
Correct - no proven demand. They do not have record breaking “season ticket sales”. They have record breaking season ticket deposits - deposits are only $24 / seat, and there is no info provided about how much those tickets will actually cost or how many games will be scheduled, meaning you have folks who made deposits who are unlikely to actually buy tickets when they find out how much they cost.
spokchewy t1_jdcs5o8 wrote
USL has 34 game seasons; we can assume 17 home games over a spring/summer/fall with very little entertainment competition.
Compare that to a 150 game season for minor league baseball; 75 at home.
majoroutage t1_jddpwus wrote
Did you just argue against yourself?
spokchewy t1_jddrf8m wrote
Harder to fill a stadium when you have 75 games. Still need to staff empty stadiums on gameday, that’s a problem when there are 75 games. There’s more capacity for other types of events (concerts, etc)
majoroutage t1_jdds5f2 wrote
Season tickets means they're paid for whether or not there's a butt in them. And the numbers still don't sound good.
spokchewy t1_jddv09q wrote
Something tells me there are literally no numbers you would think are “good”, since they’ve exceeded all expectations to this point.
fishythepete t1_jdf2avy wrote
I’m just quoting from their website:
>How much will season tickets be? How many games are included?
We will have a variety of ticket packages and price points. We will also have various payment plans to accommodate different households and budgets. Ticket packages will include regular season matches, as well as select friendlies or U.S. Open Cup. We will know the exact number of games as we approach the 2024 season and have a better understanding of the league schedule.
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