New: Latest on Kroenke, Rams and NFL in STL

[Goose]

This suit brought to light Nixon's plan which is pretty much what we all figured. Now the question in my mind is, why are all of these local politicians trying to put the kibosh on the stadium deal?
Is it that they are just doing their job and looking out for the citizens? hmmm
Are they looking for angles and revenue streams?
It all seems counter-intuitive to me if everyone in that part of the world want's to keep the Rams in StL as much as the posters on the board do.

It's amazing how fast politicians start grandstanding. It is not that they oppose the new stadium but they want to appear that they are looking out for the taxpayers best interest.

 

[Legatron4]

Yeah really.. That company he and his buddy Bill started has done pretty well. I bet his mother is proud. And I'm glad there is a salary cap.

That's like, too much money. I wouldn't even know how to spend it all.

 

[Hacksaw]

http://interact.stltoday.com/forums...=1103751&sid=bf3970e103df5bf14d81e6a068dd5d1c

After reading Bernies take, it makes a bit more sense. What a giant clusterfuck.

It's amazing how fast politicians start grandstanding. It is not that they oppose the new stadium but they want to appear that they are looking out for the taxpayers best interest.

I have to ask, why they think this deal isn't in the taxpayers best interests? It kinda goes along with cutting ties with anyone suggesting a vote. Is something up?

 

[ChrisW]

Gateway fan shows you how it's going to go down.

Let me walk you through this. There is an article on the front page about this. The Dome Authority has sued the City of St. Louis. The City will be forced to defend a law that they (the Mayor's Office) want no part of protecting. The lawsuit was filed in State Court and will be administered by the judge hand selected by the plaintiff. So a Nixon appointee will be the judge. The City attorney (Slay appointee) will argue for the ordinance.

Here is how it will go. Dome authority will make their case while the City attorney makes balloon animals. Once the Dome authority rests the City attorney will say "sounds good to me." The judge will rule the ordinance is arbitrary and capricious and therefore set it aside. All will then head to Bellerive for a round of golf on Peacock and Blitz*.

*Supposition on my part.

 

[ChrisW]

Peacock Statement on the lawsuit.

Peacock's response to today's action by the St. Louis Regional Convention and Sports Complex Authority to initiate litigation in the 22nd judicial circuit to clarify the RSA’s authority to enter into a financing plan for the construction of a new NFL stadium in St. Louis:

"Our stadium proposal is gaining significant support throughout the region because it is sensible and it will work. Our financing model relies on a balance of private investment, from the St. Louis Rams and the National Football League, as well as revenue sources that have been approved by the voters. A public vote is not required. However, to finalize our proposal in the accelerated timeframe required by the NFL, it’s important to obtain legal clarity quickly. I have briefed the NFL on today’s action and we will remain in close contact with the league, and the Rams, throughout the process."

http://interact.stltoday.com/forums/viewtopic.php?f=15&t=1103773

 

[Hacksaw]

That was fast.

 

[ChrisW]

That was fast.

It looks like he's operating on the assumption that the voters have already approved the bonds and don't need to vote on them again to extend.

But yea, props to Dave. He's pretty damn transparent. Stand up guy, and he stands behind his decisions.

 

[brokeu91]

Gateway fan shows you how it's going to go down.

Let me walk you through this. There is an article on the front page about this. The Dome Authority has sued the City of St. Louis. The City will be forced to defend a law that they (the Mayor's Office) want no part of protecting. The lawsuit was filed in State Court and will be administered by the judge hand selected by the plaintiff. So a Nixon appointee will be the judge. The City attorney (Slay appointee) will argue for the ordinance.

Here is how it will go. Dome authority will make their case while the City attorney makes balloon animals. Once the Dome authority rests the City attorney will say "sounds good to me." The judge will rule the ordinance is arbitrary and capricious and therefore set it aside. All will then head to Bellerive for a round of golf on Peacock and Blitz*.

*Supposition on my part.

I happen to know Jim Shrewsbury pretty damn well (he's my godfather and a very good friend to my family). The "suit" is not a law suit in the conventional sense. What it is doing is making sure that no one could stop the financial process later down the road. He's trying to show that Nixon and St. Louis CAN extend the bonds without a vote. Basically he is saying that they don't want to go to the NFL with a plan for finances and then suddenly a law suit pops up by some politician in south western Missouri trying to stop the finances. He's doing this NOW so that there can be no law suits down the line and that if a judge determines that it does need to be passed by a vote that they can start that process ASAP.

This is a good thing for St. Louis. It's just clarifying what everyone has assumed already to be true so that no one can stop this process once it's finalized/agreed upon.

 

[ChrisW]

I happen to know Jim Shrewsbury pretty damn well (he's my godfather and a very good friend to my family). The "suit" is not a law suit in the conventional sense. What it is doing is making sure that no one could stop the financial process later down the road. He's trying to show that Nixon and St. Louis CAN extend the bonds without a vote. Basically he is saying that they don't want to go to the NFL with a plan for finances and then suddenly a law suit pops up by some politician in south western Missouri trying to stop the finances. He's doing this NOW so that there can be no law suits down the line and that if a judge determines that it does need to be passed by a vote that they can start that process ASAP.

This is a good thing for St. Louis. It's just clarifying what everyone has assumed already to be true so that no one can stop this process once it's finalized/agreed upon.

Thanks for the clarification. I posted that from RamStalk more for the comical purposes. But yea, I agree that this isn't really a lawsuit.

 

[RamFan503]

http://interact.stltoday.com/forums...=1103751&sid=bf3970e103df5bf14d81e6a068dd5d1c

Thanks for nothing. I went over there and read that. Now I feel dirty.

 

[Legatron4]

Another point for ST.Louis. Dave Peacock if you're reading this, please buy the Rams. You would be a great owner and would keep this team in the right direction for years to come. You've already done more work for the Rams then Stan has ever done.

 

[Goose]

After reading Bernies take, it makes a bit more sense. What a giant clusterfuck.
I have to ask, why they think this deal isn't in the taxpayers best interests? It kinda goes along with cutting ties with anyone suggesting a vote. Is something up?

Thanks for nothing. I went over there and read that. Now I feel dirty.

My apologies. I am usually drinking if I am going to go over there.

 

[bluecoconuts]

That's like, too much money. I wouldn't even know how to spend it all.

And then you got Bill with his 79.3 Billion.. I think he's said it himself, he knows he can't spend it, so he just donates it.

Honestly If I had that much I'd probably donate most of it, and use the rest to travel around the world. I don't need a giant 500 room palace or anything, something comfortable, a few fun toys, and then travel around. The biggest question I'd have is donate to veterans services or science.

 

[Hacksaw]

And then you got Bill with his 79.3 Billion.. I think he's said it himself, he knows he can't spend it, so he just donates it.

Honestly If I had that much I'd probably donate most of it, and use the rest to travel around the world. I don't need a giant 500 room palace or anything, something comfortable, a few fun toys, and then travel around. The biggest question I'd have is donate to veterans services or science.

At 1% interest you'd make what, $790mm a year? At 1%,,, and never touch the principle. I think I'd give Stan an offer he couldn't refuse.

 

[blue4]

And then you got Bill with his 79.3 Billion.. I think he's said it himself, he knows he can't spend it, so he just donates it.

Honestly If I had that much I'd probably donate most of it, and use the rest to travel around the world. I don't need a giant 500 room palace or anything, something comfortable, a few fun toys, and then travel around. The biggest question I'd have is donate to veterans services or science.

If I had that much I'd overbid on the Rams, build my own stadium with live music at every game, no recorded music even between huddles, and put an end to the LA talk. Hell I would even buy another team and give it to LA. With a big sign that said "Now go away!"

Or donate maybe. That too.

 

[Legatron4]

If I had that much I'd overbid on the Rams, build my own stadium with live music at every game, no recorded music even between huddles, and put an end to the LA talk. Hell I would even buy another team and give it to LA. With a big sign that said "Now go away!"

Or donate maybe. That too.

Lol this post is all kinds of awesome.

 

[LazyWinker]

And then you got Bill with his 79.3 Billion.. I think he's said it himself, he knows he can't spend it, so he just donates it.

Honestly If I had that much I'd probably donate most of it, and use the rest to travel around the world. I don't need a giant 500 room palace or anything, something comfortable, a few fun toys, and then travel around. The biggest question I'd have is donate to veterans services or science.

Gates is so wealthy, he literally has to hire people to spend his money.

Gates Millennium Scholarships is all him. Well he pays people to give scholarships to minority, disadvantaged students that pay 100% of their costs through college to doctorate.
I'm sure he's got other foundations that he pays people to run and be good stewards with his money.

 

[ChrisW]

Gates is so wealthy, he literally has to hire people to spend his money.

Gates Millennium Scholarships is all him. Well he pays people to give scholarships to minority, disadvantaged students that pay 100% of their costs through college to doctorate.
I'm sure he's got other foundations that he pays people to run and be good stewards with his money.

Which makes his tax burden non existent.

 

[LazyWinker]

Which makes his tax burden non existent.

I wonder who does his taxes?

 

[Legatron4]

I wonder who does his taxes?

http://taxfoundation.org/blog/bill-gates-gets-special-computer-irs

Yesterday at a conference in Spain, Microsoft founder Bill Gates claimed that his tax return is so complex and so filled with large numbers that a special computer is required at the IRS in order to process his return. From Agency France Press:

Microsoft founder Bill Gates, the world's richest man, said the tax office in the US has to store his financial data on a special computer because his fortune is so vast.

"My tax return in the United States has to be kept on a special computer because their normal computers can't deal with the numbers," he said at a Microsoft conference held in Lisbon.

"So I am constantly getting these notices telling me I haven't paid something when really it is just on the wrong computer," he added in comments broadcast on television.

"Then they will send me another notice telling me how bad they feel they that they sent me a notice that was a mistake," he said. (Full Story)

It appears as if Bill Gates is personally responsible for a large fraction of the compliance costs of our income tax system, including the required purchase of a special computer. There is a simple solution to much of the problem – have a simple income tax with a low rate that treats all income equally with few exemptions or deductions. The charitable deduction alone for Bill and his wife, Melinda, probably consumes the bulk of this problem for the IRS and his army of accountants.

Here’s a few interesting questions to ponder regarding Bill Gates’ tax return: Did Gates pay cash for his mansion or borrow and thereby claim the home mortgage interest deduction? Do Bill and Melinda file jointly or separately? Is he hit with AMT? And finally, is this special IRS computer a Mac or Windows PC?