best business credit cards for bad credit no credit check credit cards south africa credit card online shopping cash back comparison how credit card processing works wiki credit card after bankruptcy discharge 2012 how to get a credit card with bad credit airmiles credit card td free prepaid credit cards no monthly fee vanilla visa card declined fha loans with bad credit score credit card number checker free download low interest rate credit cards uk poor credit credit cards no deposit instant approval best buy credit cards review easiest way to get a credit card with no credit comparing travel rewards credit cards canada best buy credit card canada application halifax clarity credit card exchange rates amex costco credit card login cash advance calculator credit card $5000 bad credit loan australia best credit cards canada 2011 where to buy prepaid credit cards uk how to get a cash advance on your credit card without a pin can you sign up for netflix free trial without credit card ge money bank walmart credit card phone number irctc sbi credit card login lord and taylor credit card services number balance transfer natwest credit cards with low interest rates canada premium credit cards 2013 best credit card debt consolidation companies state bank of india new credit card apply african bank personal loans online prepaid travel credit cards uk bad credit car loans low interest free credit card machine for cell phones best way to build credit fast with credit card best rewards credit card 2011 australia credit card compliance regulations canada quick payday loans no credit check uk chase starbucks credit card aspire visa credit card payments where do i send my belk credit card payment pay lic premium using credit cards personal loans with bad credit direct lenders household credit card debt 2011 can i use visa debit cards online credit card rewards programs what do cardholders think hdfc credit card login reward points how do i pay back a direct deposit advance from wells fargo short term loans online direct lenders agreed credit limit virgin mobile capital one no credit credit card chase bank student credit card payday advance no credit check south africa hdfc bank add on credit card application form online loan lenders only apply for marriott credit card uk which credit card is easiest to get in india post office pay as you go credit cards how does tesco credit card points work best travel reward credit card 2011 toys r us credit card ge phone number consolidate your credit cards debt credit card for no credit capital one first modern credit card introduced 1950s hsbc starbucks credit card promo consolidate credit card debt into one loan easy credit cards to apply for online title loans online best travel credit card 2012 india credit card protection insurance uk use credit card to build credit rating luma credit card reviews what is a secured credit card yahoo walmart credit cards online application get unsecured credit card poor credit staples credit card business aqua credit card contact details bank of america credit card 0 interest balance transfer personal loans online direct lenders does aldi accept credit cards credit card minimum payment calculator uk does paying the minimum payment on a credit card affect your credit score walmart credit card review 2013 speedy cash payday loans online secured business credit cards to rebuild credit how to apply credit card online discover student more card credit limit cibc credit card insurance certificate southwest airlines no annual fee credit card standard chartered credit card customer care number singapore credit card protection under ?100 ace online cash advance maximum credit card interest rates canada is the capital one credit card a good card bank of america prepaid debit visa card credit building credit cards bank of america bad credit loan lenders no brokers top credit card processing credit card emi calculator hdfc bank how do i accept credit card payments canada best credit cards 2013 department stores that are easy to get credit cards pnc visa credit card online services credit card numbers for testing credit card verification code should i get an amazon credit card sam;s club business discover credit card login capital one credit card student disputing international credit card charges how many ba gold card holders are there can you sign up for a walmart credit card online amazon store credit card reviews pay chase online credit cards top credit card rewards 2013 quickbooks online processing credit cards santander credit card rate increase tesco credit card joint application planet fitness black card cancellation fee texas business free credit card machine apple credit card swiper for ipad iphone credit card machine canada reputable credit card debt settlement companies how much does it cost to use tesco credit card abroad credit card bank of ireland lost list of credit card companies capital one low interest rate credit cards need a credit card with a high limit how to get a business loan with bad credit in canada credit cards with cashback united chase visa credit card pay off credit card debt or save pay victoria secret credit card do i need a credit card for paypal unsecured credit card debt collection business credit cards comparison shopping tips top ten best credit cards for students secured personal loans with bad credit best credit cards with cash back offers guaranteed payday loan lenders only how to open hdfc credit card statement 0 balance transfer credit card offers australia do i need a credit card number to make an itunes account top 10 best student credit cards icici credit card apply eligibility platinum card concierge australia does costco accept mastercard credit cards pay advance loans online credit card authorization form pdf template chase credit card rewards center long term online loans for bad credit what are credit cards points us banks that offer credit cards chase apply for credit card by phone retail store credit cards after bankruptcy best bad credit loans no fees paypal charges for using credit card top credit card payment processors chase best buy credit card application cibc aeroplan miles credit card easy credit card checker 1.2 best low interest credit card balance transfer best gas credit card rebates bank of america credit card 0 apr balance transfer do you need a credit card for itunes gift card gap visa card services 0 interest balance transfer credit cards australia airtel balance transfer procedure how to apply for visa credit card with no credit unsecured credit card consolidation loan how to get a credit card online visa sbi corporate credit card customer care how to get mastercard securecode zero interest credit cards canada free visa credit card numbers with cvv 2013 recurring credit card authorization form intuit best mobile credit card terminal target debit visa card balance citi freedom credit card login credit card machines for small business costco line of credit loans for bad credit disney visa rewards card reviews should i opt out of credit card offers how can i apply for a firestone credit card kohls credit card online low interest rate credit card canada consumer reports best credit card rewards best travel credit cards in india credit card ppi interest calculator mbna credit card instant decision entropay virtual credit card generator hdfc credit card points redemption form how to use a credit card to build credit mastercard careers middle east what business credit card has the best rewards virgin credit card ppi check how to change credit card on ebay for buyers hsbc discover credit card list of payday lenders no brokers calculate interest paid on credit card debt free credit card generator and validator hsbc online credit card payments credit card application no existing credit card best fast cash payday loans zurich credit card insurance excess how to get a cash advance on your credit card standard chartered credit card offers on flipkart chase credit card with travel rewards check my visa gift card balance online sign up for a visa credit card canada instant cash loans online in south africa how to get small business loans with bad credit is bank of america secured credit card good compare credit card rewards singapore track hsbc credit card application status india best interest free credit card transfers black card amex replica air canada credit card aeroplan credit card rates ireland compare orchard credit card review contact barclay bank credit card what is a credit card issue number visa barclay credit card login india cash payday loans visa credit card services contact compare prepaid credit cards canada replacement gold card derbyshire no fee american express air miles credit card business credit cards comparison merchant visa credit card fees td visa debit card review citibank credit card reward points catalogue 2011 what types of credits would best describe credit cards lufthansa miles and more credit card switzerland pay sears credit card hsbc mastercard uk twitter can i use my sears credit card at kmart online payday loans no phone calls hsbc visa credit card online registration capital one secured credit card guaranteed approval should i cancel low limit credit cards virgin credit card balance transfer offers good and bad credit cards does paypal accept visa debit cards best low rate credit card pay sears credit card citibank credit card processing rates explained credit card comparison chart singapore remove apple credit card why do i need a credit card for my apple id chase government travel credit card free credit card numbers generator download all unsecured credit cards bad credit prepaid credit card visa what is the best store credit card to apply for with bad credit instant response credit cards uk how do you sign up for netflix without a credit card government small business loans with bad credit ecommerce credit card fraud statistics payday loan online instant macally secure credit card terminal for iphone best credit card abroad halifax all credit cards available unsecured personal loans bad credit short term bad credit loan lenders unsecured personal loans instant decision online sss online loan application credit score needed for sams club discover card alaska usa credit card login standard chartered credit card login uae virgin prepaid credit card ambank credit card balance transfer promotion us credit card debt hdfc credit card online payment through debit card fake valid credit card numbers with security code visa debit gift card cash back consumer reports best credit card to rebuild credit fnb online loan calculator how to use a credit card to build up credit best credit card interest rates canada how to sign up for credit card offers in the mail credit score for discover card approval credit card debt consolidation long black cardigan sweater register free virtual credit card credit cards for good credit scores chase credit card 500 cash back petro canada gas credit card chase wireless credit card machines ann taylor credit card review icici virtual credit card track icici credit card application status sample uk credit card number corporate credit card credit score go ge capital credit card department store credit cards usa how to get a car loan with bad credit and no job credit card for business start up best credit card rate malaysia report credit card fraud to police alaska airlines credit card visa canada costco credit card merchant processing chase advantage credit card login best fixed rate credit card deals fixed rate credit card balance transfers td canada trust visa gold cashback payday advance in corona ca bank of ireland credit card apply online axis bank credit card apply now net pay advance contact hdfc corporate credit card offers discover credit card payment site best prepaid credit cards for business business credit card bank of america cash back visa cards canada top 10 rewards credit cards canada cash advance online reviews make free virtual credit cards building credit and credit cards first premier secured credit card application how to pay off cash advance loans secured vs unsecured credit card amazon credit card security breach barclays platinum credit card uk new horizon bad credit card credit card travel notification easy approval credit cards unsecured mortgages for bad credit scotland student loans with bad credit history 2 cash back credit cards post office credit card abroad review td canada trust credit card interest rates bank of ireland credit card insurance on purchases best credit card deals rewards credit cards apply online ireland apply for student credit card online canada commonwealth bank credit cards contact aircel to vodafone balance transfer best american airlines credit card deals credit card rewards uk best rewards credit cards reviews best buy credit card no interest offers icici coral credit card apply online payday lenders not brokers uk ge money bank credit cards care credit all of the following are limitations of the existing online credit card payment system except loans you can pay back weekly im 18 should i get a credit card which bank gives the highest credit card limit credit cards with gas and grocery rewards virtual credit card number bank of america discover credit card activation phone number prepaid reloadable credit cards no monthly fees credit card 0 interest halifax credit card ppi payouts redbus offer code for hdfc credit card 0 credit cards bad credit rating hdfc credit card reward points offer how to use credit card payment machine credit card interest rate calculator online business credit cards for poor credit car loan with bad credit philippines citibank credit card application compare credit cards rewards travel pc credit card reader how to get a us credit card from overseas mortgages for bad credit payday lenders no credit check apply for wells fargo secured credit card credit card debt relief company reviews bad credit loans instant decision direct lenders td canada trust visa travel instant unsecured credit card approval for poor credit how to use a hdfc credit card axis bank online credit card application status first usa credit card application free credit report without credit card major credit cards for bad credit pay orchard bank credit card best visa credit cards for students what credit cards are good for bad credit global credit card fraud statistics circuit city credit card login store credit cards after bankruptcy paypal virtual terminal credit card reader premier credit card pay online icici credit card charges for irctc ticket booking best business credit cards 2013 no annual fee instant approval credit card canada credit cards no interest no payments amazon chase credit card no interest apple square credit card reader canada gas reward cards program va loan with bad credit score get a payday loan online direct lender ebay buyer protection paypal credit card does applying for a credit card affect your credit rating city bank credit card customer care toll free number best short term cash loans pay my toys r us credit card online nationwide credit card balance transfer fee us airways mastercard secure login rbc visa low interest credit card credit card consolidation loan companies fast cash loans with bad credit hsbc costco credit card account applying for a credit card in canada with bad credit peoples credit card numbers real 2013 credit card numbers 2013 hacked how do best buy credit cards work hsbc credit card online apply where can i use my go mastercard can i apply for a visa credit card online report lost credit card hdfc bank super balance transfer to current account corporate platinum credit card hdfc best 0 credit cards rewards credit cards canada comparison belk credit card payment options does td bank have prepaid visa cards business credit card comparison australia how to get a business loan with bad credit and no money best credit card for purchases 2012 halifax credit card 0 prepaid credit card post office uk fixed rate credit cards 2013 best credit card 2012 usa visa cards start with 44 payday cash advance loans missouri credit card logos british airways airmiles credit card uk how to pay advance income tax online starwood credit card australia good credit cards for building credit best credit card processing companies canada check credit score for free no credit cards required how many credit cards should i have open for a good credit score barclays credit card contact best buy credit card accounthdfc credit card settlement process india hdfc credit card limit platinum cards credit card merchant agreement id best business cash back credit card 2013 axis bank credit card login 100 guaranteed credit cards tesco credit card application contact number gm household credit card login what is the easiest credit card to get approved for uk marriott rewards credit cards in uk credit card issuers in singapore can you use a balance transfer credit card to pay off an overdraft credit card zero interest balance transfer offer check the status of my toys r us credit card application credit card protection ach and credit card merchant account processing for small businesses best site to compare credit cards credit card debt settlement letter example credit card promotions nov 2013 free balance transfer credit card canada sears kmart credit card login good unsecured credit cards for rebuilding credit cash reward credit cards review balance transfer credit card student loan government travel credit card login credit cards with zero percent interest on balance transfers which credit card is the easiest to get approval in canada what is the best cash back credit card for business sbi credit card application process walmart credit card number customer service max out credit cards then declare bankruptcy easy credit cards to get approved for business best secured credit cards to rebuild credit 2011 best online credit card processing fees apply for small business credit card online hdfc credit card apply online in bangalore credit card verification service chase toys r us credit card mailing address best secured credit cards 2013 credit card approval formula best portable credit card scanner secured credit cards to rebuild credit halifax credit card minimum payment amount what is the best credit card for me easy application for credit cards interest free balance transfer credit card uae bad credit credit cards no credit check uk bad credit car finance essex credit card payment calculator excel spreadsheet consolidate credit card debt calculator paying off credit card debt fast city bank credit card emi offers visa black card credit score how to get credit card cash advance top 0 credit card offers spg amex credit card offer best credit card for no credit or bad credit online credit cards instant approval credit limit increase wells fargo standard merchant credit card fees
Home Pete Toms LWIB: Politics of Stadium Development, MLB Network, Tidbits

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 835 guests online

Atom RSS

LWIB: Politics of Stadium Development, MLB Network, Tidbits PDF Print E-mail
User Rating: / 0
Pete Toms Article Archive
Written by Pete Toms   
Tuesday, 07 December 2010 13:40

Last Week in Bizball by Pete Toms

This week in “Last Week in BizBall”, a slew of reports on the politics of baseball stadium developments, MLB Network hopes to increase distribution, plus tidbits.


Over the decades, citizens and media have become increasingly cynical about the merits of spending public dollars on constructing stadia for professional sports franchises. Professional baseball (MLB, MiLB and independent baseball) typically fares better than the other of the “big 4” when requesting public funds due to their greater number of games played. (ie. The ostensible economic spin offs are greater) More recently, public funding for stadia is more difficult to acquire, due to a combination of bust municipalities and a general awareness that many of these projects have failed to live up to their promises. In response, local stadium advocates (franchise owners, construction industry, construction unions, politicians) have become more sophisticated in their approach to securing public dollars. Local stadium authorities issue tax-exempt bonds to raise financing for construction, in turn the tenant (team) makes Payments in Lieu of Taxes back to the authority (aka PILOTS). Stadiums/arenas are constructed in “entertainment districts” where future tax revenues are used to pay off the construction bill (aka Tax Increment Financing or TIF). Team owners are awarded “development rights” in the entertainment district surrounding the stadium/arena. Some combination of county and/or state amusement taxes, plus taxes on car rentals and hotel rooms are used to pay off construction. Politicians often justify such public expenditures as key to the success of “stadium centred” urban renewal projects in blighted neighbourhoods.

LWIB saw a spate of reports from a handful of different communities on the state of past, present and future ballpark developments. The most high profile was the public spat between anti-stadium advocates in St. Louis and the Cardinals over monies that may, or may not, be owed the local government. David Hunn of the St. Louis Post-Dispatch reported:

Eight years ago, as the St. Louis Cardinals aimed to build a new baseball stadium, team owners signed an agreement with the city worth millions of dollars a year in tax breaks.

In exchange, the team agreed to a series of annual perks for the region's residents — 100,000 free tickets, 486,000 seats for under $12 and $100,000 in donations to recreation for disadvantaged youths.

The Cardinals also agreed to give the city a cut of profits made if any portion of the team was sold.

Then, last year, owners sold a sizeable chunk of the Cardinals — more than 13 percent. Now, a group of anti-public-stadium advocates is alleging that the team owes the city hundreds of thousands of dollars.

The big news to me was that Bill DeWitt III. had sold some of his stake in the Cards, I’d like to know what it fetched. As for the dispute over whether the Cards owe the city any of the proceeds from the sale, you can read yourself, but it seems to boil down to accounting. See Brian Borawski, The Sports Economist and Neil deMause for more.

There was plenty of news LWIB around future ballpark developments in MLB. Much of the aforementioned scepticism around the benefits of public investment in stadia to house pro sports has resulted from decades of criticism from “The Sports Economists”. Almost unanimously, this group of academics has long and consistently argued against this sort of public investment. However, LWIB one of their brethren, Stephen J.K. Walters, argued in the Chicago Tribune that the Cubs proposal to use future growth in amusement taxes generated at a renovated Wrigley Field to pay for said renovation, is a good plan. (HT Ed Sherman) Later in the week, the Cubs proposal died in the Illinois General Assembly. Not to worry, the Assembly reconvenes in January and already there is talk in the media of a Wrigley entertainment district and TIF and…you know the drill. Back to St. Louis, LWIB Cardinals President Bill DeWitt III announced that construction of the Cardinals long delayed “Ballpark Village” development adjacent to Busch Stadium might soon begin. Mr. DeWitt and his development partner Cordish Co. have begun the process of applying for tax breaks from the local government before the development proceeds. The Cards Ballpark Village has been delayed for years due to the downward economy. Similar planned projects in Arlington and Fremont CA. have been abandoned. Conversely, the San Diego Padres leveraging of Petco Park to launch a mixed use development in the area around the stadium was a huge success. The politics of ballpark developments also include Spring Training. Glendale AZ invested $200 million in the Camelback Ranch Spring Training home of the White Sox and Dodgers. LWIB, The Arizona Republic reported that a proposed mixed use development associated with Camelback Ranch has cratered. (HT Ballpark Digest) Glendale had planned that future tax revenues from the, now failed, development would help pay off their investment in the baseball facility.

Lastly, there was news LWIB concerning a potential new MLB stadium. San Jose Mayor Chuck Reed announced he is backing away from a plan to have a referendum in March on a stadium proposal for the A’s. Evidently the plan is still to hold a referendum, but it won’t be until at least April, probably longer. San Jose must wait for the A’s relocation politics within MLB to play out before going any further.



In January 09, MLB Network launched in approximately 50 million homes, a record number for a new channel. Presently, MLB Network is in approximately 56 million homes. By comparison, ESPN is in about 100 million, Versus 75 million and NFL Network 57 million. LWIB, MLBN CEO Tony Petitti told Reuters that he hopes to cut deals with Dish Network and AT&T which will result in his channel increasing its distribution to 70 million homes for next season. Petitti also says that ad sales for his channel will be up more than 20 percent this year. As well, Mr. Petitti declares that MLB is soon to recoup their original investment in launching the channel. "We'll have the ability to make distributions in 2011," Petitti said. "That's really up to the commissioner's office as to what form those take and when and what they want to do with that money." In a separate Reuters report Mr. Petitti acknowledges the possibility of …adding exclusive content, including games…to the channel after MLB’s current broadcast deals expire following the 13 season. The first Reuters report also tells us that according to MLBAM head honcho Bob Bowman, BAM is growing at 15 to 20% annually. As for the long rumoured IPO of MLBAM, Mr. Bowman said there are no plans for that. Recently I commented that according to the “leaked financial docs”, clubs were receiving an annual dividend from BAM of $2 million ea., a relatively small amount in a $7 billion a year industry. Said Mr. Bowman to Reuters, "As to the right dividend policy ... there's a real push and pull as to how much," he said. "You can probably remit higher dividends, but you're investing in your business and creating an asset." (HT Fang’s Bites)


  • Details from the Texas Ranges bankruptcy continue to emerge. LWIB, Barry Shlachter reported on the millions of dollars in lawyers fees that have been requested from the presiding judge. At the end of the report we learn that, only recently, did the eventual owners of the franchise abandon a claim of upwards of $100 million from the former owners.

Earlier in the week, Greenberg-Ryan's Ranger Baseball Express agreed to drop its own claim for upward of $100 million for alleged breach of contract against the former ownership, according to attorneys involved in the case.

Two attorneys following the case noted that the claim was dropped before Greenberg was to be deposed.


Before the World Series, Express surprised other parties in the case, and apparently the court itself, by demanding back anything above the $495 million it had agreed to pay in a sales agreement that was part of the May 24 bankruptcy restructuring plan. The plan ultimately was replaced by the Aug. 4 auction.

Had that request succeeded, Greenberg-Ryan could have ended up paying much less than Cuban and Crane's bid for the team. But that in turn could have sparked legal action from Cuban and Crane. (Note, the bankruptcy auction yielded a sale price of $593 million)

  • At Forbes, LWIB Wayne McDonnell argued strongly in favour of “floating realignment”.
  • The annual Rule 5 draft will happen this week. Star players Josh Hamilton, Jose Bautista and Joakim Soria are all former Rule 5 picks. But the Rule 5 draft doesn’t yield the same quality of talent that it did before MLB changed the rules prior to the 06 draft. Read Matt Eddy at Baseball America to understand why. And to understand the rules governing the Rule 5 draft, read Darren Heitner.
  • Reuters reported that the New York Times continues to search for a buyer for its 16.6% stake in New England Sports Ventures, aka the Boston Red Sox. (HT
  • Former MLB commissioner Fay Vincent argued in the Wall Street Journal that star free agent players should negotiate for a stake in the team they sign with. It’s all about taxes. And before you say it’s against the rules, Mr. Vincent tells us, Under the current labor agreement in baseball, there is nothing that prohibits a player from owning a part of his team, but the ownership interest must be sold if the player leaves that team for another.” (HT Don Walker)

Pete Toms is senior writer for the Business of Sports Network, most notably, The Biz of Baseball. He looks forward to your comments and can be contacted through The Biz of Baseball.

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook



Should MLB Force Jeffery Loria to Sell the Marlins?