Kelly the Dog Posted January 6, 2015 Share Posted January 6, 2015 Jacobs stepped down today from Delaware North. His two sons take over the reigns. He will still own the Bruins. But it makes you wonder if he and Terry and going to sit down at 716 and start to make some plans for the downtown stadium. https://www.bostonglobe.com/business/2015/01/06/jeremy-jacobs-steps-down-delaware-north-ceo-remains-bruins-chairman-and-owner/Cbw0afw82JpDsOFbPM8z7I/story.html And begs the question, can you build/own two venues in two different sports and cities at the same time. Link to comment Share on other sites More sharing options...
GG Posted January 6, 2015 Share Posted January 6, 2015 (edited) And begs the question, can you build/own two venues in two different sports and cities at the same time. Depends on the venues. Definitely not a football stadium and hockey arenas. Especially if they're named after banks. I'm sure Elizabeth Warren will investigate. Edited January 6, 2015 by GG Link to comment Share on other sites More sharing options...
Buffalo Barbarian Posted January 6, 2015 Share Posted January 6, 2015 Jacobs stepped down today from Delaware North. His two sons take over the reigns. He will still own the Bruins. But it makes you wonder if he and Terry and going to sit down at 716 and start to make some plans for the downtown stadium. https://www.bostonglobe.com/business/2015/01/06/jeremy-jacobs-steps-down-delaware-north-ceo-remains-bruins-chairman-and-owner/Cbw0afw82JpDsOFbPM8z7I/story.html And begs the question, can you build/own two venues in two different sports and cities at the same time. don't see why not, you're not part of league and you should be able to own as many buildings as you want. Link to comment Share on other sites More sharing options...
Hammered a Lot Posted January 6, 2015 Share Posted January 6, 2015 I don't wonder at all. After the bad press Delaware North got for the large property tax break they recently got, I think any stadium talk by them is to try and save face, make them seem community minded. Link to comment Share on other sites More sharing options...
TPS Posted January 7, 2015 Share Posted January 7, 2015 Buffal news web site says the boys are interested in helping build a stadium downtown. Link to comment Share on other sites More sharing options...
fridge Posted January 7, 2015 Share Posted January 7, 2015 How exactly would he profit long term if he built a stadium with Marrone for a team he doesn't own. I'm asking honestly, I don't see the angle here. Link to comment Share on other sites More sharing options...
dhg Posted January 7, 2015 Share Posted January 7, 2015 Largest privately held company in the country. Jeremy has been doing something right all these years. My guess is the Jacobs have a ton to do with the new stadium. Would be their signature venue. Link to comment Share on other sites More sharing options...
fridge Posted January 7, 2015 Share Posted January 7, 2015 He turns 75 this month...please explain why they would make such an investment? Link to comment Share on other sites More sharing options...
TPS Posted January 7, 2015 Share Posted January 7, 2015 (edited) His boys now run the company. Edited January 7, 2015 by TPS Link to comment Share on other sites More sharing options...
Chandemonium Posted January 7, 2015 Share Posted January 7, 2015 How exactly would he profit long term if he built a stadium with Marrone for a team he doesn't own. I'm asking honestly, I don't see the angle here. I seriously doubt Marrone would be involved. Link to comment Share on other sites More sharing options...
fridge Posted January 7, 2015 Share Posted January 7, 2015 His boys now run the company. Yeah, I read that...Why does that make you feel they'll build a stadium? I seriously doubt Marrone would be involved. Good call. Pegula. My mistake! Link to comment Share on other sites More sharing options...
Kelly the Dog Posted January 7, 2015 Author Share Posted January 7, 2015 Yeah, I read that...Why does that make you feel they'll build a stadium? Good call. Pegula. My mistake! They wouldn't build the stadium. They would put some private money into the stadium, say 200-300-400 million, and the state and county would put in some, and then the Pegulas would put in the rest. Then it would be named Delaware North Stadium, or Delaware North Field at Ralph Wilson Stadium, and DN would get the concession rights for Sportservice. Link to comment Share on other sites More sharing options...
TPS Posted January 7, 2015 Share Posted January 7, 2015 Yeah, I read that...Why does that make you feel they'll build a stadium? Good call. Pegula. My mistake! They want to be involved doesn't mean they will pay. It's good they do though. Link to comment Share on other sites More sharing options...
fridge Posted January 7, 2015 Share Posted January 7, 2015 They wouldn't build the stadium. They would put some private money into the stadium, say 200-300-400 million, and the state and county would put in some, and then the Pegulas would put in the rest. Then it would be named Delaware North Stadium, or Delaware North Field at Ralph Wilson Stadium, and DN would get the concession rights for Sportservice. So they would invest 200-300 million to get concession rights and naming rights? What's the time frame in turning a profit on a stadium used 10 times a year that is for a team you don't own? Literally none of this makes sense to me, long term. I'm not trying to be an ass, I'm genuinely curious. Link to comment Share on other sites More sharing options...
YoloinOhio Posted January 7, 2015 Share Posted January 7, 2015 @WKBW: New @delawarenorth CEOs say they're interested in downtown @buffalobills stadium. 1 even says where he wants it to go http://t.co/oL9kpWDT5n Link to comment Share on other sites More sharing options...
Kelly the Dog Posted January 7, 2015 Author Share Posted January 7, 2015 So they would invest 200-300 million to get concession rights and naming rights? What's the time frame in turning a profit on a stadium used 10 times a year that is for a team you don't own? Literally none of this makes sense to me, long term. I'm not trying to be an ass, I'm genuinely curious. Levis just paid $230m for 11 years at the 49ers stadium. Reliant pays 10m a year. Others 9 and 8 m a year. Naming rights alone are expensive. In 2009 the concession contract for Phoenix Stadium was 13m per year on a 2 year deal. We can't get 230m for 11 years but half that would be 200-250m alone over the life of the stadium. Concession contracts would likely be well over 200-250m over life, too. Link to comment Share on other sites More sharing options...
GG Posted January 7, 2015 Share Posted January 7, 2015 A Westin in Buffalo? Things must be moving on up Link to comment Share on other sites More sharing options...
Kelly the Dog Posted January 7, 2015 Author Share Posted January 7, 2015 Plus Delaware North would be involved in the businesses, land and development around the stadium. Link to comment Share on other sites More sharing options...
kasper13 Posted January 7, 2015 Share Posted January 7, 2015 Delaware North is currently constructing a new HQ building in downtown Buffalo. They aren't leaving the area. Why would they not want concession & naming rights for a downtown Buffalo football stadium? Any idea how many stadiums, arenas & parks they currently have concessions rights for? Over 50. They generate billions a year in revenue. Naming rights=advertising. Concessions=profit. They want to make that kind of investment then that is good for the Bills. $18 beers and $10 hot dogs though. Link to comment Share on other sites More sharing options...
dhg Posted January 7, 2015 Share Posted January 7, 2015 Delaware North is currently constructing a new HQ building in downtown Buffalo. They aren't leaving the area. Why would they not want concession & naming rights for a downtown Buffalo football stadium? Any idea how many stadiums, arenas & parks they currently have concessions rights for? Over 50. They generate billions a year in revenue. Naming rights=advertising. Concessions=profit. They want to make that kind of investment then that is good for the Bills. $18 beers and $10 hot dogs though. Spot on Link to comment Share on other sites More sharing options...
sodbuster Posted January 7, 2015 Share Posted January 7, 2015 @WKBW: New @delawarenorth CEOs say they're interested in downtown @buffalobills stadium. 1 even says where he wants it to go http://t.co/oL9kpWDT5nThis is exciting. Where did Mike Sullivan get that drawing the is on his stadium wish list doodad on TKIG? Link to comment Share on other sites More sharing options...
SF Bills Fan Posted January 7, 2015 Share Posted January 7, 2015 They wouldn't build the stadium. They would put some private money into the stadium, say 200-300-400 million, and the state and county would put in some, and then the Pegulas would put in the rest. Then it would be named Delaware North Stadium, or Delaware North Field at Ralph Wilson Stadium, and DN would get the concession rights for Sportservice. This is exactly how it will work. Similar to First Niagara Link to comment Share on other sites More sharing options...
beerme1 Posted January 7, 2015 Share Posted January 7, 2015 Jacobs family are Buffalo people. To those who don't get the roi, tell me what you think about Pegula buying the Bills for 1.4B That doesn't make sense to me and yet somewhere I read he at 6% growth or something he would be good after about ten years. Still doesn't make sense but it doesn't even need to for these guys. The are bang on about the area though. I've always said the Perry St projects. you take them down put it there and extend the train one stop to the stadium. None of that is ridiculously expensive to do either. Link to comment Share on other sites More sharing options...
Agent 91 Posted January 7, 2015 Share Posted January 7, 2015 They wouldn't build the stadium. They would put some private money into the stadium, say 200-300-400 million, and the state and county would put in some, and then the Pegulas would put in the rest. Then it would be named Delaware North Stadium, or Delaware North Field at Ralph Wilson Stadium, and DN would get the concession rights for Sportservice. I really like the dn at Ralph Wilson stadium idea Link to comment Share on other sites More sharing options...
eball Posted January 7, 2015 Share Posted January 7, 2015 don't see why not, you're not part of league and you should be able to own as many buildings as you want. Don't be so sure...there are concession issues, parking, all of which are controlled by very specific rules across the various professional leagues. It may require a 2/3 vote of all owners who live in cities within a 642 mile radius of the prospective sites. Link to comment Share on other sites More sharing options...
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