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SGV-Laker fan
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 Posted: Fri Jun 20, 2025 9:12 am Post subject: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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LakerFan1987
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Joined: 30 Oct 2022
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| Posted: Fri Jun 20, 2025 9:15 am Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
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SGV-Laker fan
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| Posted: Fri Jun 20, 2025 9:17 am Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
if it gets to that point, 90% is consider a bargain, it'll be more like 120% including the kickbacks to politicians LOL |
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venturalakersfan
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Joined: 14 Apr 2001
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| Posted: Fri Jun 20, 2025 9:22 am Post subject: |
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I’m not a native SoCal resident but Dodger stadium will always be Dodger stadium. Even when my Cards built a new stadium home plate of the new one was first base of the old one. I could see the Lakers wanting their own arena, teams like GS and the Clippers are generating significant non-NBA revenue.
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Halflife
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dont_be_a_wuss
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| Posted: Fri Jun 20, 2025 9:38 am Post subject: |
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| At one point I thought there was a concept for a State Farm stadium where the Convention Center is located that would potentially host the NFL and The Dodgers. |
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Dr. Laker
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Joined: 12 Apr 2002
Posts: 18632
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| Posted: Fri Jun 20, 2025 11:27 am Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back.
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LakerFan1987
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| Posted: Fri Jun 20, 2025 11:41 am Post subject: |
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| dont_be_a_wuss wrote: | | At one point I thought there was a concept for a State Farm stadium where the Convention Center is located that would potentially host the NFL and The Dodgers. |
There was then financing fell thru thanks to LA County. Also it was "Farmers Field" not State Farm
Stan Kroenke then came in for the kill. |
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JamezAmp
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| Posted: Fri Jun 20, 2025 11:42 am Post subject: |
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I’m a Cubs fan. Don’t you dare touch Dodger stadium. 
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LakerFan1987
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| Posted: Fri Jun 20, 2025 11:48 am Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| Dr. Laker wrote: | | LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back. |
You mentioning Dodger Stadium is disingenuous. The city of LA gave the O'Malley's the LAND and also used eminent domain to force out residents on the ravine.
Staples Center I remember DEFINITELY involved the city of LA with various tax breaks and parcels of land. AEG was the lead and the Lakers wanted a new venue. Remember Anchutz bought into the Lakers in the late 90s.
SoFi and Intuit were built by two billionaires that could afford it. Kroenke is rich but his wife is richer (she's a Walton). Ballmer has all that MSFT stock.
Mark Walter is a rich man BUT I doubt he has the liquidity to finance that leverage required to spend $2-3B (at minimum) for an arena in LA. |
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TDRock
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Joined: 27 May 2010
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Location: LA to the Bay
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| Posted: Sat Jun 21, 2025 10:24 am Post subject: |
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Well as an LA native let's not forget LA history – an entire community was wiped off the face of the Earth in order to create Dodger Stadium so they realistically only get to do that once.
My hope I mean Crypto is a great space and a great location. My hope is that it just undergoes serious, significant, on the gangsta level renovation.
But if the Lakers do want to just have their own space they can actually just go right across the street wipe out those stupid high-rise buildings that have become graffiti art installations sitting vacant and doing nothing and make a stadium over there across from Crypto. That way it could still be part of that whole LA Live environment. |
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LakerFan1987
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| Posted: Sat Jun 21, 2025 10:32 am Post subject: |
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| TDRock wrote: | Well as an LA native let's not forget LA history – an entire community was wiped off the face of the Earth in order to create Dodger Stadium so they realistically only get to do that once.
My hope I mean Crypto is a great space and a great location. My hope is that it just undergoes serious, significant, on the gangsta level renovation.
But if the Lakers do want to just have their own space they can actually just go right across the street wipe out those stupid high-rise buildings that have become graffiti art installations sitting vacant and doing nothing and make a stadium over there across from Crypto. That way it could still be part of that whole LA Live environment. |
Great point, the City of LA can foot the bill 
Imagine the demolition and then the environmental reports .... knowing the city that's going to take 5 yrs |
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Halflife
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| Posted: Sat Jun 21, 2025 10:57 am Post subject: |
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didnt they just spend a bunch to upgrade Chavez Ravine? Its a great place to see a game.
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cital
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| Posted: Sat Jun 21, 2025 11:01 am Post subject: |
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| I don’t see it happening. Dodger Stadium is special and they have put a ton of money into it. Crypto is close by and next to LA Live, etc. making a great spot as well. I think they just continue to upgrade the two locations. |
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venturalakersfan
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Joined: 14 Apr 2001
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Location: The Gold Coast
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| Posted: Sat Jun 21, 2025 11:27 am Post subject: |
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| cital wrote: | | I don’t see it happening. Dodger Stadium is special and they have put a ton of money into it. Crypto is close by and next to LA Live, etc. making a great spot as well. I think they just continue to upgrade the two locations. |
I’m sure that the Kings wouldn’t have an issue with someone else improving their home.
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lakersken80
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| Posted: Sat Jun 21, 2025 1:08 pm Post subject: |
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| Most likely a refurb of where the current teams are playing. There is no big plots of land to build at and if they tried to acquire it would cost lots of money and would have to go thru a lot of red tape. I could see Dodgers or Lakers playing at a temporary home while their arena/stadium are being rebuilt. |
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lakersken80
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| Posted: Sat Jun 21, 2025 1:10 pm Post subject: |
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| dont_be_a_wuss wrote: | | At one point I thought there was a concept for a State Farm stadium where the Convention Center is located that would potentially host the NFL and The Dodgers. |
There was, but it was abandoned because the traffic would've been insane trying to fit 70k people there for a gameday. |
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lakersken80
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| Posted: Sat Jun 21, 2025 1:13 pm Post subject: |
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| TDRock wrote: | Well as an LA native let's not forget LA history – an entire community was wiped off the face of the Earth in order to create Dodger Stadium so they realistically only get to do that once.
My hope I mean Crypto is a great space and a great location. My hope is that it just undergoes serious, significant, on the gangsta level renovation.
But if the Lakers do want to just have their own space they can actually just go right across the street wipe out those stupid high-rise buildings that have become graffiti art installations sitting vacant and doing nothing and make a stadium over there across from Crypto. That way it could still be part of that whole LA Live environment. |
It would most likely be similar to what they did at MSG. The location was perfect, all they needed to do was redo the entire stadium interior. So they gutted it and rebuilt it. |
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LakerFan1987
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| Posted: Sat Jun 21, 2025 4:04 pm Post subject: |
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| lakersken80 wrote: | | TDRock wrote: | Well as an LA native let's not forget LA history – an entire community was wiped off the face of the Earth in order to create Dodger Stadium so they realistically only get to do that once.
My hope I mean Crypto is a great space and a great location. My hope is that it just undergoes serious, significant, on the gangsta level renovation.
But if the Lakers do want to just have their own space they can actually just go right across the street wipe out those stupid high-rise buildings that have become graffiti art installations sitting vacant and doing nothing and make a stadium over there across from Crypto. That way it could still be part of that whole LA Live environment. |
It would most likely be similar to what they did at MSG. The location was perfect, all they needed to do was redo the entire stadium interior. So they gutted it and rebuilt it. |
The Lakers could spend a season playing at Intuit Dome!!!!! |
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Dr. Laker
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Joined: 12 Apr 2002
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| Posted: Sat Jun 21, 2025 4:26 pm Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| LakerFan1987 wrote: | | Dr. Laker wrote: | | LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back. |
You mentioning Dodger Stadium is disingenuous. |
What happened in Chavez Ravine was unfair, but the city seized it almost 10 years before the Dodgers came to LA. The city was supposed to build an affordable housing project there, but a conservative Republican got elected mayor and killed it as "too socialist." 5 years later (after their stadium project fell through in Brooklyn), the Dodgers moved to LA and a city-wide referendum to sell the land to the Dodgers passed. The Dodgers bought the land and built the stadium with their own $$$. In retrospect, they got a ridiculously cheap price, but the city officials regarded the area as a slum and an eyesore. The residents were treated shamefully, but that pre-dated the Dodgers.
| Quote: | | Staples Center I remember DEFINITELY involved the city of LA with various tax breaks and parcels of land. AEG was the lead and the Lakers wanted a new venue. Remember Anchutz bought into the Lakers in the late 90s. |
Yes, they got tax breaks and easements from the Convention Center - but no cash. Anschutz bought into the Lakers AND bought the Forum so that he could secure his anchor tenant and kill off competition. The Lakers didn't need Anschutz, he needed the Lakers to get out of the arena-owning business.
| Quote: | | Mark Walter is a rich man BUT I doubt he has the liquidity to finance that leverage required to spend $2-3B (at minimum) for an arena in LA. |
That's not how it works. Rich people borrow money or use investment pools to buy things - they don't pay cash. Jay Z (net worth $2.5 Billion) just bought a house for $88 million. He could've paid cash, but instead he borrowed $88 million at 1.05%. Why? Because he's investing his own $88 million at 7%, literally making money off of his mortgage.
Woj just posted that Walter raised $15 Billion in less than a month from investors to buy sports teams. Finding $3 Billion to build a new arena is just a phone call for him - maybe just a text message.
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On Lakersground, a concern troll is someone who is a fan of another team, but pretends to be a Lakers fan with "concerns".
Last edited by Dr. Laker on Sat Jun 21, 2025 4:38 pm; edited 1 time in total |
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LakerFan1987
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Joined: 30 Oct 2022
Posts: 2547
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| Posted: Sat Jun 21, 2025 4:32 pm Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| Dr. Laker wrote: | | LakerFan1987 wrote: | | Dr. Laker wrote: | | LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back. |
You mentioning Dodger Stadium is disingenuous. |
What happened in Chavez Ravine was unfair, but the city seized it almost 10 years before the Dodgers came to LA. The city was supposed to build an affordable housing project there, but a conservative Republican got elected mayor and killed it as "too socialist." 5 years later (after their stadium project fell through in Brooklyn), the Dodgers moved to LA and a city-wide referendum to sell the land to the Dodgers passed. The Dodgers bought the land and built the stadium with their own $$$. In retrospect, they got a ridiculously cheap price, but the city officials regarded the area as a slum and an eyesore. The residents were treated shamefully, but that pre-dated the Dodgers.
| Quote: | | Staples Center I remember DEFINITELY involved the city of LA with various tax breaks and parcels of land. AEG was the lead and the Lakers wanted a new venue. Remember Anchutz bought into the Lakers in the late 90s. |
Yes, they got tax breaks and easements from the Convention Center - but no cash. Anschutz bought into the Lakers AND bought the Forum so that he could secure his anchor tenant and kill off competition. The Lakers didn't need Anschutz, he needed the Lakers to get out of the arena-owning business.
| Quote: | | Mark Walter is a rich man BUT I doubt he has the liquidity to finance that leverage required to spend $2-3B (at minimum) for an arena in LA. |
That's not how it works. Rich people borrow money or use investment pools to buy things - they don't pay cash. Jay Z (net worth $2.5 Billion) just bought a house for $88 million. He could've paid cash, but instead he borrowed $88 million at 1.05%. Why? Because he's investing his own $88 million at 7%, literally making money off of his mortgage.
Woj just posted that Walter raised $15 Billion in less than a from investors to buy sports teams. Finding $3 Billion to build a new arena is just a phone call for him - maybe just a text message. |
How are rates these days? I'm sure he got that loan at SVB, heard they're doing great. Anyways I understand finance fine.
Everything is thru leverage, that's why the term is you need money to make money.
There's a big difference between Ballmer's $100B+ and Kroenke's (+ wife) $40B net worth. There are leverage and debt ratios in place for any financing package. For Walter it won't be as easy, he could easily use the balance sheet of Guggenheim to build any arena BUT is there a conflict of interest?
We'll see. |
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Dr. Laker
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Joined: 12 Apr 2002
Posts: 18632
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| Posted: Sat Jun 21, 2025 4:51 pm Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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[quote="LakerFan1987"] | Dr. Laker wrote: | | LakerFan1987 wrote: | | Dr. Laker wrote: | | LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back. |
You mentioning Dodger Stadium is disingenuous. |
What happened in Chavez Ravine was unfair, but the city seized it almost 10 years before the Dodgers came to LA. The city was supposed to build an affordable housing project there, but a conservative Republican got elected mayor and killed it as "too socialist." 5 years later (after their stadium project fell through in Brooklyn), the Dodgers moved to LA and a city-wide referendum to sell the land to the Dodgers passed. The Dodgers bought the land and built the stadium with their own $$$. In retrospect, they got a ridiculously cheap price, but the city officials regarded the area as a slum and an eyesore. The residents were treated shamefully, but that pre-dated the Dodgers.
| Quote: | | Staples Center I remember DEFINITELY involved the city of LA with various tax breaks and parcels of land. AEG was the lead and the Lakers wanted a new venue. Remember Anchutz bought into the Lakers in the late 90s. |
Yes, they got tax breaks and easements from the Convention Center - but no cash. Anschutz bought into the Lakers AND bought the Forum so that he could secure his anchor tenant and kill off competition. The Lakers didn't need Anschutz, he needed the Lakers to get out of the arena-owning business.
| Quote: | | Mark Walter is a rich man BUT I doubt he has the liquidity to finance that leverage required to spend $2-3B (at minimum) for an arena in LA. |
That's not how it works. Rich people borrow money or use investment pools to buy things - they don't pay cash. Jay Z (net worth $2.5 Billion) just bought a house for $88 million. He could've paid cash, but instead he borrowed $88 million at 1.05%. Why? Because he's investing his own $88 million at 7%, literally making money off of his mortgage.
Woj just posted that Walter raised $15 Billion in less than a from investors to buy sports teams. Finding $3 Billion to build a new arena is just a phone call for him - maybe just a text message. |
| Quote: | | How are rates these days? I'm sure he got that loan at SVB, heard they're doing great. Anyways I understand finance fine. |
Really? Then surely you know that the Uber rich get rates way below market (Zuckerberg has a zero percent rate on most of his properties - the banks just want him as a customer).
| Quote: | Everything is thru leverage, that's why the term is you need money to make money.
There's a big difference between Ballmer's $100B+ and Kroenke's (+ wife) $40B net worth. There are leverage and debt ratios in place for any financing package. For Walter it won't be as easy, he could easily use the balance sheet of Guggenheim to build any arena BUT is there a conflict of interest?
We'll see. |
For Walter (or anyone with means), the only issue is finding the land. He LITERALLY JUST ESTABLISHED A 15 BILLION DOLLAR SPORTS FUND that can guarantee the mortgage. Even without it, the Lakers are worth $7 Billion (conservative) to $10 Billion (value based on sale), with $200 million EBITDA - banks and investors will BEG to loan them $3 Billion..
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LakerFan1987
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Joined: 30 Oct 2022
Posts: 2547
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| Posted: Sat Jun 21, 2025 5:39 pm Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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[quote="Dr. Laker"] | LakerFan1987 wrote: | | Dr. Laker wrote: | | LakerFan1987 wrote: | | Dr. Laker wrote: | | LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back. |
You mentioning Dodger Stadium is disingenuous. |
What happened in Chavez Ravine was unfair, but the city seized it almost 10 years before the Dodgers came to LA. The city was supposed to build an affordable housing project there, but a conservative Republican got elected mayor and killed it as "too socialist." 5 years later (after their stadium project fell through in Brooklyn), the Dodgers moved to LA and a city-wide referendum to sell the land to the Dodgers passed. The Dodgers bought the land and built the stadium with their own $$$. In retrospect, they got a ridiculously cheap price, but the city officials regarded the area as a slum and an eyesore. The residents were treated shamefully, but that pre-dated the Dodgers.
| Quote: | | Staples Center I remember DEFINITELY involved the city of LA with various tax breaks and parcels of land. AEG was the lead and the Lakers wanted a new venue. Remember Anchutz bought into the Lakers in the late 90s. |
Yes, they got tax breaks and easements from the Convention Center - but no cash. Anschutz bought into the Lakers AND bought the Forum so that he could secure his anchor tenant and kill off competition. The Lakers didn't need Anschutz, he needed the Lakers to get out of the arena-owning business.
| Quote: | | Mark Walter is a rich man BUT I doubt he has the liquidity to finance that leverage required to spend $2-3B (at minimum) for an arena in LA. |
That's not how it works. Rich people borrow money or use investment pools to buy things - they don't pay cash. Jay Z (net worth $2.5 Billion) just bought a house for $88 million. He could've paid cash, but instead he borrowed $88 million at 1.05%. Why? Because he's investing his own $88 million at 7%, literally making money off of his mortgage.
Woj just posted that Walter raised $15 Billion in less than a from investors to buy sports teams. Finding $3 Billion to build a new arena is just a phone call for him - maybe just a text message. |
| Quote: | | How are rates these days? I'm sure he got that loan at SVB, heard they're doing great. Anyways I understand finance fine. |
Really? Then surely you know that the Uber rich get rates way below market (Zuckerberg has a zero percent rate on most of his properties - the banks just want him as a customer).
| Quote: | Everything is thru leverage, that's why the term is you need money to make money.
There's a big difference between Ballmer's $100B+ and Kroenke's (+ wife) $40B net worth. There are leverage and debt ratios in place for any financing package. For Walter it won't be as easy, he could easily use the balance sheet of Guggenheim to build any arena BUT is there a conflict of interest?
We'll see. |
For Walter (or anyone with means), the only issue is finding the land. He LITERALLY JUST ESTABLISHED A 15 BILLION DOLLAR SPORTS FUND that can guarantee the mortgage. Even without it, the Lakers are worth $7 Billion (conservative) to $10 Billion (value based on sale), with $200 million EBITDA - banks and investors will BEG to loan them $3 Billion.. |
You surely know why certain banks eg. First Republic and SVB went under (sweetheart deals to guys like Zuck). ZIRP policy only works for so long.
Like I said, Walter's doesn't need external financing when he can keep it in house. It's just a matter of their own compliance, obviously if there is a ROI for clients and him. They'll legally work something out. |
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Lakers 71-72
Star Player
Joined: 24 Jun 2005
Posts: 5063
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| Posted: Sun Jun 22, 2025 6:57 pm Post subject: Re: new sports complex houses new arena/stadium for Lakers and Dodgers? |
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| Dr. Laker wrote: | | LakerFan1987 wrote: | | Dr. Laker wrote: | | LakerFan1987 wrote: | | SGV-Laker fan wrote: | | now both teams are under the same ownership, do you guys think there's a plan to build new arena/stadium for these 2 teams in the same complex, similar to the Sofi and Intuit Dome? Dodger stadium although has been updated in recent years, still a pain to get in and out of the parking lot. Crypto arena is 26 years old and Lakers is just a tenant, not to mention the surrounding area is just depressing. hypothetically speaking, which area in greater LA do you think they should build this complex in? |
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Well first off, where will u find the land? There's a reason why they poured so much money into renovating Dodger stadium. You won't find a location like that.
The Lakers long term plan, I wouldn't be surprised if they want their own building. Not to get political but consider the idiots we have running things, unless Walter is willing to foot 90% of the bill, it probably won't happen. |
Dodger Stadium, The Fabulous Forum, Staples/Crypto, Home Depot Center, BMO Stadium, SoFi & the Intuit Dome were all privately financed. Some received loans and/or tax breaks from government, but the owners shelled out the biggest bucks (and received the rewards of ownership).
Say what you want about LA politicians, but they've been pretty unified in their stance that sports teams need the LA market more than LA needs their teams. 20 years without the NFL and it was the NFL that came crawling back. |
You mentioning Dodger Stadium is disingenuous. |
What happened in Chavez Ravine was unfair, but the city seized it almost 10 years before the Dodgers came to LA. The city was supposed to build an affordable housing project there, but a conservative Republican got elected mayor and killed it as "too socialist." 5 years later (after their stadium project fell through in Brooklyn), the Dodgers moved to LA and a city-wide referendum to sell the land to the Dodgers passed. The Dodgers bought the land and built the stadium with their own $$$. In retrospect, they got a ridiculously cheap price, but the city officials regarded the area as a slum and an eyesore. The residents were treated shamefully, but that pre-dated the Dodgers.
| Quote: | | Staples Center I remember DEFINITELY involved the city of LA with various tax breaks and parcels of land. AEG was the lead and the Lakers wanted a new venue. Remember Anchutz bought into the Lakers in the late 90s. |
Yes, they got tax breaks and easements from the Convention Center - but no cash. Anschutz bought into the Lakers AND bought the Forum so that he could secure his anchor tenant and kill off competition. The Lakers didn't need Anschutz, he needed the Lakers to get out of the arena-owning business.
| Quote: | | Mark Walter is a rich man BUT I doubt he has the liquidity to finance that leverage required to spend $2-3B (at minimum) for an arena in LA. |
That's not how it works. Rich people borrow money or use investment pools to buy things - they don't pay cash. Jay Z (net worth $2.5 Billion) just bought a house for $88 million. He could've paid cash, but instead he borrowed $88 million at 1.05%. Why? Because he's investing his own $88 million at 7%, literally making money off of his mortgage.
Woj just posted that Walter raised $15 Billion in less than a month from investors to buy sports teams. Finding $3 Billion to build a new arena is just a phone call for him - maybe just a text message. |
This is why the likely cheaper move is for Walter to find Anschutz’ price and buy the Kings and Crypto.
Keep the Dodgers and Lakers at their current venues, but a new source of income by owning Crypto. |
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SGV-Laker fan
Franchise Player
Joined: 23 May 2013
Posts: 11016
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| Posted: Mon Jun 23, 2025 7:27 am Post subject: |
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| maybe not Dodgers since they own the stadium and just poured in over 100M for renovation. but i definitely want to see Lakers own their own arena. been to the new Intuit Dome had me jealous quite a bit. Lakers deserves their own state of the art arena, and get out of that downtown clusterf*ck. |
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