You’re right, I was mistaken. Could have sworn it was originally going to be the tier under championship.
Kum & Gone
- Thread starter jdcyclone19
- Start date
You’re right, I was mistaken. Could have sworn it was originally going to be the tier under championship.
That project never made sense to me, especially given they have a really nice stadium Sporting uses.
Didn't he just sell his dad's company for $2 billion? You'd think he could use some of that money for his hobby.
I mean who doesnt want to buy a Kum & Go purse. Seems odd to me he wants to break into the fashion design world.
And then when he sells the team and stadium he will split the profits 50/50 with the tax payers?
Its the "you pay to get me here, then I reap all the reward" that is the problem. If you want the full reward, pony up the full ante.
The wealthy are just super grifters
Several mentioned that the toxic site will be cleaned up, but the construction plan is just a rebuilding of the existing "cap" for the site. It's hard to imagine it hasn't been leaking to the river right next door for years. No one else wants to touch it so it's cheap land.
Haven't stepped foot in a Kum & Go since Kwik Star came to Ames.
Seems like the general public never gets to have a say in these things. Let it go to a general election ballot in a November election. We all know only a third of the population will vote in it but it would be a wider cross section of the populace that usually gets a say.
Nothing against this project in particular I just get tired of seeing the general population support millionaire and billionaire hobbies that they sell of for hundreds of millions when they get tired of them. In this case I'm guessing it might be worth low millions when sold really have no idea.
American Equity was suppose to donate $5 million towards the project. With them being set to be sold to Canadian company Brookfield I wonder if that puts that money in danger.
I still don't understand why the general public doesn't think they should help pay for rich people's "hobbies" when they utilize the entertainment themselves. Just as a matter of principle. I don't look at stadiums any different than any other infrastructure projects honestly. You want big business and entertainment in your town you pay for it. I've lived in a few towns with pro sports teams and I guess I never expected to benefit monetarily from them. You rent basically rent them as a taxpayer the same way you pay monthly fees for things like Netflix. Just the way I look at it anyway.
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True story. I read this and thought “this is a guy who’s at peace and sleeps well.” Then I see you posted at 3 am….
If they are buying the stock of AE, you get all commitments and liabilities. It would be highly unusual to someone "cancel the commitment." If they are buying the assets of AE, then this commitment could be easily excluded. I have no idea of the acquisition structure. Brookfield is a great company. Great question.
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I'm with you for the most part but Netflix isn't a great comparison. I pay for Netflix but I don't pay again every time I want to watch something, aka a ticket to use the venue.
I look at it differently because we pay expensive tickets to attend said entertainment. Once they turn a profit, they don’t start paying us.
Honestly since it’s now being run by Maverick, if they don’t change the name to Mavericks Kum and Go, it’s a missed opportunity.