Etihad Stadium - New Initiatives

[Eastdog]

Re: Etihad Stadium - New Initiatives

Flinders Street station I believe is nearest to where the proposed new stadium is going to be - just need to walk a bit but yeah personally it may be good for myself but you need to as I mentioned before think of the bigger picture and build it in a location close to the city where all parts of the city would benefit. Etihad while it still has its critics ticks these boxes pretty well and I've become used to Etihad.

[Twodogs]

Re: Etihad Stadium - New Initiatives

I haven't looked back through this thread to check, but I reckon I'm sounding like a broken record..............

You sound about spot on with your assessment. I was wondering myself what benefit we will get for paying off the stadium. Probably the same benefits renters usually get when they have paid the property off for the owner, chucked out.

[Greystache]

Re: Etihad Stadium - New Initiatives

'stache, is it likely this would be void or negotiated out of the terms if an early purchase price was settled upon?

Yep, very much so. It's a leverage point in the negotiations for an early buy out that effectively devalues the stadium.

Etihad management make out they're reluctant to sell, which is just rubbish. They'd love to get a big chunk of cash and not have to stump up the costs to upgrade the stadium. The AFL make out they're desperate to buy early to help the clubs getting killed by stadium deals, but that's rubbish too. They don't want to put in big money when they can get it for nothing in 10 years in state of the art condition

When it comes to short term financial self interest it's about the only instance where I believe the AFL will get the best result from a negotiation.

This is how it's going to play out. The AFL and another party will engage the state and federal governments to put together a greenfield private public partnership venture, a new stadium will be built and Docklands will be sold off for real estate value.

We will get shafted on the stadium deal at the new venue, after being forced to move there at gun point.

Sadly I totally agree.

[jeemak]

Re: Etihad Stadium - New Initiatives

Yep, very much so. It's a leverage point in the negotiations for an early buy out that effectively devalues the stadium.

Etihad management make out they're reluctant to sell, which is just rubbish. They'd love to get a big chunk of cash and not have to stump up the costs to upgrade the stadium. The AFL make out they're desperate to buy early to help the clubs getting killed by stadium deals, but that's rubbish too. They don't want to put in big money when they can get it for nothing in 10 years in state of the art condition

When it comes to short term financial self interest it's about the only instance where I believe the AFL will get the best result from a negotiation.



Sadly I totally agree.

It makes PG's point about renovating the current site, essentially moot.

Any value in the AFL taking over the site early will be foregone by upgrading or renovating it, any value Stadium Management see in the property will be foregone if they hang onto it and have to upgrade it.

This is why it will be knocked down and sold for real estate between now and 2025, saving each the embarrassment of a stalemate. Each party will be involved in the forthcoming PPP with the state and federal governments, and will get the chance to cream it again.

[bulldogtragic]

Re: Etihad Stadium - New Initiatives



I will let Eric Cartman explain this for simpletons like me:

[jeemak]

Re: Etihad Stadium - New Initiatives

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I will let Eric Cartman explain this for simpletons like me:

Haha, I want Underpants Gnomes in there.

Which part are you referring to in particular?

[Twodogs]

Re: Etihad Stadium - New Initiatives

Does no. 4 say big dowa?

[bulldogtragic]

Re: Etihad Stadium - New Initiatives

The AFL's General attitude when it comes to anything to do with things, clubs or players not breaking codes, laws, rules or finding comfortable satisfaction to impossible thresholds they happened to write or agree to and pretend it's natural God law or something, or how we get screwed from stadium to stadium since 1997 but it's just the way things are (things they make happen and that knobs like Newbold will make worse).

Then of course their four point plan that involves a constant get rich quick scheme for the AFL and big proud clubs like Carlton & Essendon, where we always some how get screwed though and of course finishing with a bro down, or rather get your bro a plum media gig.

I really wanted to post several quotes from the humancentipad episode, such as give me a cuddle, buy me dinner first, get condoms or at least give a courtesy lick before you f*** me again. But alas, despite its accuracy probably fails the no swearing rules of the board.

[soupman]

Re: Etihad Stadium - New Initiatives

Does anyone know why Highsense has to be moved in Eddies plan? It seems like an expensive addition to an already expensive plan that wouldn't solve anything as you would still take up just as much space by relocating it.

Also his plan would cost an absolute fortune. Burying Richmond station alone would cost a ridiculous amount, let alone building a huge stadium as well. And imagine the disruption to the PT network while the works happened.

[Mofra]

Re: Etihad Stadium - New Initiatives

If only there was a stadium less than 10km from the city that had it's own trainline already that had previously hosted AFL games...

[Greystache]

Re: Etihad Stadium - New Initiatives

It makes PG's point about renovating the current site, essentially moot.

Any value in the AFL taking over the site early will be foregone by upgrading or renovating it, any value Stadium Management see in the property will be foregone if they hang onto it and have to upgrade it.

This is why it will be knocked down and sold for real estate between now and 2025, saving each the embarrassment of a stalemate. Each party will be involved in the forthcoming PPP with the state and federal governments, and will get the chance to cream it again.

I'm not so sure about this part. The unusual variable in the negotiations is the AFL will inherit the stadium for $30 in 10 years, which from their point of view creates a diminishing return on purchasing the stadium at all the more time rolls on. The longer the negotiations take, the more appealing it becomes to just let the 25 year lease expire. I'm not convinced we'll see a sale, unless it's virtually a handover for the balance left over between the real estate value and the upgrade works that are required, which In my estimate would put the exchange in the 2021 range.

I expect the AFL will accuse Etihad management of wanting an unreasonable price, while offering an amount Etihad can easily walk away from, and Etihad will continue to argue the AFL aren't making a reasonable offer. The AFL will shrug their shoulders and tell the impacted clubs "sorry, but we're doing everything we can", all the while waiting it out to inherit millions for nothing. WB, Norf, and St Kilda can scrap to survive, Essendon will still get a good deal, and they'll throw Carlton a handful of premium fixtures each year at the MCG to prop up their stadium returns.

[Eastdog]

Re: Etihad Stadium - New Initiatives

If only there was a stadium less than 10km from the city that had it's own trainline already that had previously hosted AFL games...

Yes that would very ideal situation Mofra. We certainly need to have 2 stadiums near the city.

[Remi Moses]

Re: Etihad Stadium - New Initiatives

Like Etihad personally.
Easy to get to, and the only gridlock is under festival Hall.
Parking is easier, and is very good for transport .
I think that area of the proposed venue is to busy to be honest .

[Twodogs]

Re: Etihad Stadium - New Initiatives

If they want a boutique stadium in the MCG precinct then developing Punt road is the obvious thing to do.

[LostDoggy]

Re: Etihad Stadium - New Initiatives

Imagine having an 80,000+ crowd and a 40,000+ crowd all descending to the same train station and car parking area of a Saturday night. Doesn't make a whole lot of sense for mine.