Saturday, May 30, 2015

Las Vegas Wants an NHL Team — MGM Resorts Investors Should, Too – Motley Fool

Las Vegas Wants an NHL Team — MGM Resorts Investors Should, TooMotley FoolLas Vegas could be the next city to get its own professional hockey team. This could be good for investors in Las Vegas resort companies such as MGM Resorts International (NYSE:MGM). Even as Sin City draws more visitors than ever, a record 41 […]

from WordPress http://ift.tt/1LQnbUf
via IFTTT

Q+A: Legendary Tony Hawk to present skate demo at Gumball 3000 – Las Vegas Sun

Q+A: Legendary Tony Hawk to present skate demo at Gumball 3000Las Vegas SunThe Gumball 3000 rally kicked off in Stockholm, Sweden, and ends its one-week, 3,000-mile global jaunt in Las Vegas today and Saturday after stops in Oslo, Norway; Copenhagen, Denmark; Amsterdam, Netherlands; Reno; San Francisco; and Los Angeles.and more …read more From:: Las Vegas […]

from WordPress http://ift.tt/1LQnbUb
via IFTTT

My Oakland Coliseum City Financial Plan Submitted To Raiders

My Oakland Coliseum City Financial Plan Submitted To Raiders - Video

My Oakland Coliseum City Financial Plan Submitted To Raiders Mark Davis, the Oakland Raiders Owner, invited me to submit a proposal while we were at the NFL Spring League Meeting of last week.  Here is that video: https://www.youtube.com/watch?v=j2ChvAhIi7Y Now, Mr. Davis' invitation opened a contractual door provided by the current exclusive negotiating agreement with New City Development LLC, where I could make a financial plan that the Raiders and the Oakland A's, and the City of Oakland and County of Alameda would want to implement.  To that end, and with meetings and talks with a number of people, and a lot of research, this, in a nutshell, is what I submitted to the Oakland Raiders Friday, with the detailed spreadsheet attached, and after adjustments made to the document I sent over on Thursday and on Friday: 1) Two new stadiums (no reboot or renovation) for Raiders and A's at $857 million for Raiders and $500 million for Oakland A's. Oakland Alameda County Coliseum Joint Powers Authority as the master developer. 2) Raiders stadium capacity at 60,000 3) 1,010 room high end hotel connecting the Raiders and A's stadiums, and with average room rate at $225 with 60 percent capture rate, and 200,000 sq-ft of retail between stadium and current Oracle Arena, where the Warriors play (for now). 4) 60 / 40 JPA / hotel developer revenue split over 40 year bond period.  5) 300 luxury boxes. Average luxury box cost at $135,000 6) 40-year Lease Revenue Bond Issue calling for NO Taxpayer Subsidies, as the core money comes from the following revenue streams: ticket surcharge, percentage of luxury box revenue, percentage of net hotel revenue, percentage of net retail revenue, personal seat license, portion of parking revenue, NFL G4 Loan Program, percentage of sponsorship, percentage of naming rights - nine sources, with the naming rights and sponsorship monies set deliberately low to show they don't drive the project, but can be used if a good deal is landed.  What I can tell you is this proposal has really served to get us - Oakland and Alameda County - on track.  The City of Oakland and the County of Alameda lacked a person to actually try different stadium fiscal scenarios for this project, so I volunteered my efforts. No one can say we don't have at least one plan, thanks to Mark Davis' overture to me.  The current ENA team is taking too long, and many are grumbling. We can get this done.  I just wish Mr. Davis would accept a plan I created that retains the 22,000 seat, Coliseum East Side, where the Al Davis torch is, but upgrades it, and builds a new stadium of 48,000 sears around it, and the entire complex 70,000 seats and Super Bowl-ready.   That can be done for $100 million less, and give us a nice bond surplus of around $200 million.  We can use part of that to retire the existing Raiders Bonds.  Right now, we have: - JPA is master developer and bond issuer, with developer partner at 5 percent for both A's and Raiders projects or a total of $79 million over the bond period.  City and County would be protected via contract and other safe-guards the bond underwriter can add, from losses. Hotel developer gets 40 percent of hotel revenue, but enjoys no property tax expense because of this. (Idea is to have some condos within the 1010-room hotel all to the good of landing Industrial Development Bond status) Basic plan as it stands today: Total Project Cost: $1.9 billion for Oakland Raiders and Oakland A's Stadium with 1,010 hotel room complex and 200,000 square feet of retail.  Total Bond Surplus: $131 million (40 year bond issue) Total New Tax Revenue: $141.4 million (40 year bond issue) Now, if Mr. Davis allows us to keep and upgrade the East Side (which was built in 1996 so it's not a really old place and is well-made and designed for his father Al Davis), and up the capacity to 70,000, the project cost falls to $1.6 billion and we can realize a bond surplus of $274 million in this scenario (not including debt reserve) and have a Super Bowl-ready stadium. Please contact the Raiders and advocate for this option. If you have questions, feel free to contact me or email me at Zennie@zennie62.com or 510-517-7565 (email is better) Spreadsheet of Reboot version: http://ift.tt/1RztH4X Spreadsheet of completely new Raiders stadium version: http://ift.tt/1JaeeXs
via IFTTT http://youtu.be/yS-dXaFZtJ8

Janet Estelle Collins My Godmother Passed Today

Janet Estelle Collins My Godmother Passed Today - Video

I just got a call from my Mom that Janet Estelle Collins, my Godmother, passed away. She has known me since I was six years old and never missed my birthday. This is unbelievable. But make sure to stay close to those who are close to you.
via IFTTT http://youtu.be/JpGAoGV7nhg

ESPN First Take At Lake Chalet Oakland June 4th For NBA Finals

ESPN First Take At Lake Chalet Oakland June 4th For NBA Finals - Video

ESPN First Take At Lake Chalet Oakland June 4th For NBA Finals ESPN First Take will be at Lake Chalet Oakland 1536 Lakeside Drive, June 4th from 7am to 10 am. This visit for the NBA Finals Golden State Warriors vs Cleveland Cavaliers. Yes that means Skip Bayless and Sfephen A Smith will be there to debate and against the backdrop of Lake Merritt and at Lake Chalet! Be there!
via IFTTT http://youtu.be/cnCnZfBArUg

Gumball 3000 rally hits Las Vegas finish line — PHOTOS – Las Vegas Review-Journal

Gumball 3000 rally hits Las Vegas finish line — PHOTOSLas Vegas Review-JournalParticipants arrive at the end of the 17th annual Gumball 3000 rally at the MGM Resorts Village on Friday, May 29, 2015. One hundred vehicles participated in a seven-day, transcontinental driving tour from Stockholm to Las Vegas. (David Becker/Las …Second day of Gumball 3000 […]

from WordPress http://ift.tt/1Bwd54G
via IFTTT

Celebrity preview: iHeartRadio Pool Party, Gumball 3000, Billy Currington, The … – Las Vegas Sun

Celebrity preview: iHeartRadio Pool Party, Gumball 3000, Billy Currington, The …Las Vegas SunAlso on the outdoor music party scene this weekend in Las Vegas: the iHeartRadio Summer Pool Party at Caesars Palace with Nick Jonas, Chris Brown, Kelly Clarkson, Nicki Minaj, Echosmith and Shaggy streaming live on Yahoo Live and airing on The CW … […]

from WordPress http://ift.tt/1LPqBqb
via IFTTT

Sandoval signs bills regulating ride-sharing companies as cab drivers protest – KVVU Las Vegas

Sandoval signs bills regulating ride-sharing companies as cab drivers protestKVVU Las VegasEarlier in the day, about 30 cab drivers with Yellow Checker Star protested Uber near Caesars Palace on the Las Vegas Strip. Protestors said Uber’s practices are unsafe and the company will cut into their profits. Sam Moffitt, a 20-year cab driver and …Governor […]

from WordPress http://ift.tt/1PUeRbG
via IFTTT

5 Great Las Vegas Restaurants Near the Rio – PokerNews.com

5 Great Las Vegas Restaurants Near the RioPokerNews.comIf you’re a fan of hotpot-style restaurants, this is about as good as it gets in Las Vegas. Located just off Spring Mountain (a 6 minute drive or a brisk 50 minute walk), 100℃ delivers delicious and spicy broth and a wide selection of meats and … …read […]

from WordPress http://ift.tt/1K0l6WH
via IFTTT

Taxis on Strip go idle in protest of Uber – Las Vegas Sun

Taxis on Strip go idle in protest of UberLas Vegas SunDozens of taxi drivers parked their cabs and instead took to the Las Vegas Strip sidewalk today to protest the arrival of Uber and the disastrous effect drivers said it would have on their livelihoods. The demonstration started at 2 p.m. on a day when […]

from WordPress http://ift.tt/1K0l6WF
via IFTTT

Visit the new Zennie62.com

Zennie62 blog net

 
Google Analytics Alternative