If that article is right and the stadium costs alone are 4BIL Kroenke's kids will be dead when they finally recoup their money.
If the stadium profits one million dollars per week in 20 years it will have earned 1,040,000,000 or a little over 25% of the overall investment.
I don't know how long it'll "last" I am assuming this will be a stadium that will be remodeled to maintain a long life, say 50 years possibly more.
This is a bit of a risk for Kroenke to say the least. Now the cost is double what the original estimate was, and there is still time for the cost to rise.
That's going to be some high rent office space and condos.
I don’t think Kaplan has all the info. He has been WAY off before when it came to numbers being thrown around before the move.
I’m not saying the price hasn’t gone up. I’m just saying he may be doing a little connect the dots for sensationalism.
I’m going to guess that being that this project is completely different than most and has several pieces, many of the costs of things like infrastructure are shared. It appears they are assigning all infrastructure to the stadium. That makes no sense as condos, hotels, etc would require a huge part of that infrastructure.
I’m also going to guess that having one unnamed source when there are dozens of financing companies involved is the definition of incomplete data.
I’m not sure why they would include the 6,000 seat venue and NFL HQ in with stadium costs. I don’t remember that being the case originally. I thought those were part of the overall project costs.
Either way, I’m just going to guess that the finance interests and Kroenke know the real numbers and have determined their baseline ROI.
Anyway, it doesn’t matter and these are all just guesses on my part. The stadium WILL be built, it WILL be amazing, and my money is on Kroenke that it will be highly profitable.