Category: News

Oakland Raiders Have Few Stadium Financing Suitors For Las Vegas NFL Stadium

Oakland Raiders Have Few Stadium Financing Suitors For Las Vegas NFL Stadium

The Oakland Raiders are talking to either US Bank and Bank of America, as this blogger reported from a trusted source, or US Bank and JP Morgan Chase, as another report suggested. Lay Raiders fans and NFL Football media types miss the point: regardless of the combination, the overall news points to one fact: there’s little demand to finance the Raiders still largely undetailed plan for an NFL Stadium in Las Vegas.

Let’s prove that by way of example: the Minnesota Vikings new stadium had not less than 22 different investment banking firms competing for the right to underwrite the bonds associated with the unique stadium that will host Super Bowl XLII in 2018. Some of them were Piper Jaffray & Co, Bank of America Merrill Lynch, Barclays PLC, BMO Capital Markets, CitiGroup Global Markets Inc, Goldman Sachs, JP Morgan, Morgan Stanley & Co. Inc.,  RBC Capital Markets, U.S. Bank NA and Wells Fargo Securities LLC.

And in the case of JP Morgan Chase, it reportedly loaned Stan Kronke’s development company $1 billion for its new NFL Stadium in Inglewood, California. But, as I’ve been told on a number of occasions, Mr. Kronke’s banking relationships, and his incredible personal wealth, played a giant role in that stadium financing deal.

Read familiar? That’s the same story that applies to Las Vegas Sands Founder and CEO Sheldon Adelson. The same person who backed out of the stadium development and financing planning with Oakland Raiders Owner Mark Davis.

So there are few, and really no good, stadium financing suitors for the Raiders desires in the dessert. Consider this: with so few organizations the Raiders are ‘talking’ to, that means deal terms are not in their favor: higher interest rates and other requirements that an investment bank hungry reach an agreement would not bring up. Plus, the Oakland NFL market is proven, whereas the Las Vegas market is not.

All of this points back to something we all know, already: the Raiders deal in Las Vegas is dead. For a host of reasons, there’s no rush to finance the Raiders moribund efforts in Sin City.

Get the Zennie62 T-shirt here: http://ift.tt/2lKyF7X

Stay tuned. via IFTTT

2017 Night Of 100 Stars Oscars Party Honors Joe Bologna #Oscars

2017 Night Of 100 Stars Oscars Party Honors Joe Bologna #Oscars

The 27th Annual Night Of 100 Stars Oscars Party celebrates the work and man that is famed actor Joe Bologna. The Oscar-nominated Mr. Bologna is known for such films as “My Favorite Year”, “Blame It On Rio”, “The Big Bus”, “The Woman in Red”, and in total, 74 movie and television credits. He will be introduced by actor and comedian Richard Lewis.

The 27th Annual Night Of 100 Stars Oscars Party will be held at The Beverly Hilton on Oscars Sunday, with the Red Carpet starting at 3 PM.

Visit our blog Zennie62.com here: http://ift.tt/1d6iMwr via IFTTT

Rowlett’s walk off homer leads ETSU to two-game sweep of Oakland – WJHL

WJHLFor the second time in three games, the ETSU baseball team delivered a walk off hit as senior Blake Rowlett (Clarksville, Tenn.) finished the extra inning affair on Wednesday with a two-run home run to right to lift ETSU past Oakland 9-7 at Thomas Stadium. and more …read more From:: Oakland CA News By Google […]

from WordPress http://ift.tt/2lNCU2C
via IFTTT

http://ift.tt/eA8V8J
from Blogger
http://ift.tt/2lIvSvN
via IFTTT

Berkeley School Stabbing Victim Treated, Released – Patch.com

Patch.comBERKELEY, CA – A female staff member at a private school in West Berkeley who allegedly was stabbed by a 20-year-old student on Tuesday afternoon has been treated for non-life-threatening injuries at a local hospital and released, a police spokesman …After school stabbing, student set for courtBerkeleyside all 4 news articles …read more From:: Berkeley […]

from WordPress http://ift.tt/2meqONf
via IFTTT

http://ift.tt/eA8V8J
from Blogger
http://ift.tt/2mnDvEZ
via IFTTT

US Conference of Mayors National Mayors’ Day of Action Stresses Impact of Affordable Care Act Repeal – Benzinga

US Conference of Mayors National Mayors‘ Day of Action Stresses Impact of Affordable Care Act RepealBenzingaSan Francisco, CA Mayor Ed Lee held a virtual phone bank, along with Mayor Sam Liccardo of San Jose, Mayor Eric Garcetti of Los Angeles, Mayor Libby Schaaf of Oakland and Mayor Helene Schneider of Santa Barbara, among others. The […]

from WordPress http://ift.tt/2l1ZPTb
via IFTTT

http://ift.tt/eA8V8J
from Blogger
http://ift.tt/2kOQenM
via IFTTT

Police searching for armed suspect in West Oakland – KRON4.com

KRON4.comOAKLAND (KRON)- An armed suspect is on the loose in a West Oakland neighborhood this afternoon, police are currently searching for this suspect. The search has been underway in the neighborhood surrounding Ninth and Center streets since about 12:40 … …read more From:: West Oakland News By Google News

from WordPress http://ift.tt/2mdNjlw
via IFTTT

http://ift.tt/eA8V8J
from Blogger
http://ift.tt/2lxd5RY
via IFTTT

Oakland Athletics To Announce New MLB Stadium Location, Mayor Schaaf Favors Howard Terminal

The Oakland Athletics are studying locations for a new baseball stadium and will announce their choice – between Howard Terminal, the Laney College Ballfield, and The Oakland Coliseum – by the end of this year. Oakland Mayor Libby Schaaf says she still favors the Howard Terminal location.

This news (which I received from an extremely well-placed source) was received moments ago, today.

The Athletics are, I was told, “surveying the sites and holding meetings with (Oakland) Mayor (Libby) Schaaf regularly.” Via text, I asked Mayor Schaaf if, indeed, she had met with the A’s on the reported regular basis and if she still favored Howard Terminal, and her response to me was “yes and yes.”

It’s was known that Mayor Schaaf favored the Howard Terminal site, and a year ago, this blogger was informed that the Athletics were going to focus on that area near Jack London Square. Then, a change in A’s management caused a slow-down and a slight refocusing of the effort: A’s principal ownerr Jon Fisher took over for Lew Wolff, and Dave Kaval was selected to become the new president of the organization.

Kaval, who has stadium development experience, communicated the team’s intent to stay in and build a new stadium in Oakland, and also to (as he told the Bay Area News Group) “transform” a part of Oakland with a venue that has an urban focus.

The stadium development process and challenge for the Oakland Athletics is, as follows: site cost, land preparation cost, infratructure configuration and cost, stadium design and construction, stadium financing, the environmental impact process, and government approvals. From that perspective, the Coliseum site scores out higher than the other two, where site cost, land preparation cost, and infratructure configuration score out better.

But where Howard Terminal and The Laney College Ballfield excel is in one area that’s not part of the direct stadium development process, but can drive it: asthetic appeal. Or, to put it bluntly, a new baseball stadium on the Oakland Waterfront would be just plain incredible – Oakland’s admittedly ‘me-too’ response to AT&T Park at China Basin in San Francisco, where the SF Giants play.

Stay tuned. via IFTTT

Oakland chief’s pay package a sweet deal for city bigwig – San Francisco Chronicle

San Francisco ChronicleAnd since Landreth — along with the mayor and the city’s new Police Commission — oversees the police chief, she comes under the compaction rule, and her pay goes up with every raise the new chief earns. City Councilman Noel Gallo said some council … and more …read more From:: Oakland City Council […]

from WordPress http://ift.tt/2l8GzEJ
via IFTTT

http://ift.tt/eA8V8J
from Blogger
http://ift.tt/2mcNvkS
via IFTTT