Detroit Goes Bankrupt...

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Strong Eagle
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Detroit Goes Bankrupt...

Post by Strong Eagle » Fri, 26 Jul 2013 1:18 am

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zzm9980
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Post by zzm9980 » Fri, 26 Jul 2013 11:00 am

http://blogs.wsj.com/moneybeat/2013/07/ ... ankruptcy/

I haven't personally done the math and have no interest in doing it, but I imagine investing in Detroit shouldn't stop because of the bankruptcy if there is to be any hope of turning the city around.

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the lynx
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Post by the lynx » Fri, 26 Jul 2013 11:05 am

As a layperson, it is hard for me to imagine that any normal person will have the dough to visit the stadium for the games, food and other entertainment provided at that stadium, once it is up and running.

Sure, the stadium will generate good potential revenue but how sure is that?

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Post by Barnsley » Fri, 26 Jul 2013 5:03 pm

The "franchise" system in US sports looks like it gives the popular teams a lot of leverage with the City Authority where they are based.

They will just up sticks and go somewhere that will build them a stadium...
Life is short, paddle harder!!

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