railcon56
11-06-2006, 02:59 PM
The problem is, while the Redskins are worth over a billion, Snyders liquid assets aren't at that level yet. If he were to pay for the entire project with his own money, it'd probably cost him close to half of his fortune. He wouldn't sacrifice that much of his fortune unless he was 100% sure he could make it back. If he was promised four superbowls, that'd make most of his money back for him, but I don't see it happening otherwise.
And you're serious huh?? Do you honestly think he would have trouble getting the money for this?
RobH4413
11-06-2006, 03:18 PM
I'd imagine that the retractable roof concept would be mainly for the Super Bowl. I couldn't imagine the roof being closed unless it benefitted the Skins...
It also helps the Olympics bid for the D.C./Baltimore area.
I see Snyder drooling all over this one...
If it makes money, then Snyder will do it.
Sheriff Gonna Getcha
11-06-2006, 03:27 PM
If it makes money, then Snyder will do it.
That's the question, will it make money?
Anyone got the figures on what FedEx cost to build?
ArtMonkDrillz
11-06-2006, 03:30 PM
AS for FedEx, on the radio this morning they implied that it would be torn down and all that land (and there is a ton of it) would be used for office buildings and that sort of thing. I'm sure Sndyer could sell that land off for a ton, or he coudl keep it and just rent it off.
Remember, FedEx was built before Snyder's time, so he probably couldn't care less about it. He has to want something more personal to him because he's got a bigger ego than Matty (barely).
TheMalcolmConnection
11-06-2006, 03:31 PM
And you'd THINK they might actually want the stadium IN DC.
ArtMonkDrillz
11-06-2006, 03:33 PM
That's the question, will it make money?
Anyone got the figures on what FedEx cost to build?
$250.5 million according to Wikipedia
FedExField - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Fedex_Field)
Southpaw
11-06-2006, 03:53 PM
And you're serious huh?? Do you honestly think he would have trouble getting the money for this?
I think people are overestimating Snyder's "throw money at it" mentality. While I do think he could get the money, no one, especially someone with the business mind that Snyder has, would just sign a 300-500 million dollar check without knowing he could make all of it back in a reasonable amount of time.
dall-assblows
11-06-2006, 03:57 PM
that would be cool but fedex is really new for how old it is.
who whos with dan snyder at the helm
FRPLG
11-06-2006, 04:04 PM
$250.5 million according to Wikipedia
FedExField - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Fedex_Field)
I think we can safely assume it would cost north of $400 mil to build a stadium in DC. It is costing more than that to build what I would assume is a smaller baseball stadium so $500 isn't out of the question at all. He'd have to unload FedEx which could be hard since it would become largely worthless without Skins and another huge stadium on the way. So you'd have to assume the stadium would end up going bye-bye and the land subdivided. That would probably bring a pretty penny considering the size. Probably enough to unload his debt on it. He certainly could get the money to build a new stadium though. I would think he'd try for city help but could pull it off on his own.
FRPLG
11-06-2006, 04:05 PM
I think people are overestimating Snyder's "throw money at it" mentality. While I do think he could get the money, no one, especially someone with the business mind that Snyder has, would just sign a 300-500 million dollar check without knowing he could make all of it back in a reasonable amount of time.
Seriously.