Why Arte Moreno will win the 2020 Winter Meetings

[Lou]

4 minutes ago, Tank said:

she was expendable.

#tank!

[Dtwncbad]

2 hours ago, yk9001 said:

You guys do understand that baseball ownership in this decade is about real estate development.  Baseball is secondary, and may be tertiary.

I am sure there is some truth in the real estate development point you make.

But a big part of the “game” is simply supply and demand.

There were 41 billionaires in the Us in 1987.

Now there are 630 billionaires in the US.

You can “lose” a ton of money year over year and then sell the team to the highest bidder and make all your money from the equity gain.

[eligrba]

14 hours ago, Dtwncbad said:

You can’t just consider the lower amount Arte paid ($150m instead of $375m) and think this automatically means it is more profitable for Moreno.

He now has an obligation to produce 500 low income housing units instead of (potentially) high-end luxury units.  Low income housing units are worth less if you sell them, and generate way less revenue if you keep them.

The difference is $350k per unit.

Yes he paid less, but what he ends up with is worth way less too.  He isn’t pocketing $175m.

 

Don't forget the tax breaks and subsidies for developing low income housing. 

[Dtwncbad]

2 hours ago, eligrba said:

Don't forget the tax breaks and subsidies for developing low income housing. 

Yes, I am sure they considered all the elements and priced them all in.  My point is fans are dumb if they think the drop in price from $325m to $150m is all profit for Arte.

[Blarg]

6 minutes ago, eligrba said:

Don't forget the tax breaks and subsidies for developing low income housing. 

The stupidity of the "low income housing" in desirable areas is once sold, the property values rise to the area overall value. So any housing built near the stadium and upscale shopping and dining instantly becomes high value real estate. 

[Lou]

2 hours ago, Dtwncbad said:

Yes, I am sure they considered all the elements and priced them all in.  My point is fans are dumb if they think the drop in price from $325m to $150m is all profit for Arte.

That type of financial genius is why people go broke. 

[LetsGoHalos]

21 hours ago, yk9001 said:

You guys do understand that baseball ownership in this decade is about real estate development.  Baseball is secondary, and may be tertiary.

This! He's a business man first and foremost. I wouldn't be surprised if he decided to sell the team at some point while developing the land.

Development of the infrastructure for the land is slated to begin in 3rd quarter 2021. As fast as all those apartments went up off Katella, they can knock this thing out in 5 years since they aren't building a new stadium.

 

[Junkballer]

This may be the first year no "King of Baseball" is awarded to a veteran minor leaguer during the meetings unless they award it just for continuity's sake.  The award isn't listed among the other awards to be presented.

The agenda is  here 

[Angels 1961]

Artie has spent money no denying that. He went after Cole but fell short and did spend money on Rendon. Pitching is name of game and just hard to come by. Again this winter I feel Angels are close but need 2 top pitchers to push them to the top. Skaggs death and injuries to Ohtani have really hurt. I personally think teams will be cutting payroll this off season because of an uncertain future. Artie will need money to develop land he bought. Maybe Reid Detmers and high pick in this years draft will help. Let's hope they keep playoffs at 16 teams.

[ten ocho recon scout]

On 10/5/2020 at 2:05 PM, Spin Rate said:

How does one "win" the Winter Meetings?

You be the guy on the right, and beat the guy on the left.

[Lou]

3 minutes ago, ten ocho recon scout said:

You be the guy on the right, and beat the guy on the left.

You've changed.

[ten ocho recon scout]

13 minutes ago, Lou said:

You've changed.

Covid

[Blarg]

58 minutes ago, ten ocho recon scout said:

You be the guy on the right, and beat the guy on the left.

I thought we were keeping the debates out of the main forum. 

[Inside Pitch]

5 hours ago, Lou said:

You've changed.

He's too much.....