Llama19
Registered User
To quote:
"Worse, despite repeated promises by the Raiders to negotiate in “good faith” with the city and county in exchange for financial considerations, Raiders owner Mark Davis was already holding secret meetings as early as the summer of 2013 with current and former Las Vegas mayors Carolyn and Oscar Goodman.
Believing the team would stay, Oakland and Alameda County ended up with an agreement that allowed the Raiders to turn over their training facility in Alameda to erase their public debt, even though the property was worth just a fraction of the $189 million amount.
Stanford University economist Roger Noll, who has studied numerous municipal-sports team deals, likened this deal to “getting a bank to accept the title to your dog house as payment for your home loan.”
Now you see $189 million. Now you don’t."
Source: www.mercurynews.com/2022/02/13/how-the-raiders-made-189-million-in-taxpayer-money-vanish/
"Worse, despite repeated promises by the Raiders to negotiate in “good faith” with the city and county in exchange for financial considerations, Raiders owner Mark Davis was already holding secret meetings as early as the summer of 2013 with current and former Las Vegas mayors Carolyn and Oscar Goodman.
Believing the team would stay, Oakland and Alameda County ended up with an agreement that allowed the Raiders to turn over their training facility in Alameda to erase their public debt, even though the property was worth just a fraction of the $189 million amount.
Stanford University economist Roger Noll, who has studied numerous municipal-sports team deals, likened this deal to “getting a bank to accept the title to your dog house as payment for your home loan.”
Now you see $189 million. Now you don’t."
Source: www.mercurynews.com/2022/02/13/how-the-raiders-made-189-million-in-taxpayer-money-vanish/
