WTNH reporting: NBC Sports' move to Stamford imminent...

[epark88]

Ch.8 is saying that Malloy will announce the deal very soon.

Wonder how this is playing up around Exit 31 off I-84?...

 

[BlueMAB]

I wonder how many hundreds of millions of dollars taxpayers are gonna have to fork over for them to come.

Meanwhile thousands of businesses already in Connecticut continue to get screwed.

 

[jpm25]

I wonder how many hundreds of millions of dollars taxpayers are gonna have to fork over for them to come.

Meanwhile thousands of businesses already in Connecticut continue to get screwed.

What do you mean? How are taxpayers forking over money, and how are thousands of businesses getting screwed?

 

[brasssbonanzaa]

Wouldn't that mean increased tax revenue for the state, as well as more jobs for CT citizens?

 

[UConnSportsGuy]

I am sure the employees at ESPN are not too upset about this.

It is like when Foxwoods had the lone casino and had a monopoly.....then Mohegan quickly opened their own casino and created competition in the market.

 

[HartbeatHusky]

It's good to bring in high profile businesses period. This is good news for Stamford and the state.

 

[businesslawyer]

It's not good news for ESPN, merely because it will create competition for really underpaid employees.

But it's good news for the state, and probably even for the Bristol area if it drives salaries up.

 

[HartbeatHusky]

Having CT become the center of the sports broadcasting world, more so than it already is, is definitely a very positive development overall.

 

[jpm25]

It's not good news for ESPN, merely because it will create competition for really underpaid employees.

But it's good news for the state, and probably even for the Bristol area if it drives salaries up.

I think the poster said it was good for ESPN employees

 

[Murph]

ESPN, WWE. I know there's more than that. Can someone add to the list?

 

[businesslawyer]

I think the poster said it was good for ESPN employees

And I was agreeing.

 

[HartbeatHusky]

ESPN, WWE. I know there's more than that. Can someone add to the list?

Sports broadcasting wise? That's probably about it but adding NBC Sports would make that list pretty impressive for CT. Actually, I think YES is also based in Stamford.

 

[Section205]

ESPN, WWE. I know there's more than that. Can someone add to the list?

Does The Jerry Springer Show count?

 

[BlueMAB]

What do you mean? How are taxpayers forking over money, and how are thousands of businesses getting screwed?

google "CT first five" or UConn Health Center and Jackson Labs

I'm not familiar with the NBC deal, which is why my post was a question rather than a statement. I don't oppose them moving here, as long as we aren't paying $1 million for each potential job that may not even be created for a decade, like the terms of the Jackson lab deal.

 

[HartbeatHusky]

google "CT first five" or UConn Health Center and Jackson Labs

I'm not familiar with the NBC deal, which is why my post was a question rather than a statement. I don't oppose them moving here, as long as we aren't paying $1 million for each potential job that may not even be created for a decade, like the terms of the Jackson lab deal.

This isn't the right forum for this but the Jackson Lab deal is a good one too. They are a world renowned, non-profit research institute working on ground breaking medical advances. If you ever want CT to have anything comparable to the research triangle of NC this is the kind of deal you want to see happen. Having Jackson Lab come in and partnering with UConn, Yale, and Wesleyan is a very big deal for CT.

 

[BlueMAB]

This isn't the right forum for this but the Jackson Lab deal is a good one too. They are a world renowned, non-profit research institute working on ground breaking medical advances. If you ever want CT to have anything comparable to the research triangle of NC this is the kind of deal you want to see happen. Having Jackson Lab come in and partnering with UConn, Yale, and Wesleyan is a very big deal for CT.

Nonsense. Florida turned them down because their books are cooked and they want $300 million for 300 potential jobs 10 years from now. This is not a good deal for a state with the highest per capita debt in the country. We're broke, we've been broke, we have more debt than anyone else, there's no job growth in the private sector, we're increasing spending, increasing handouts to non-taxpayers, and now we're going to dump $300 million for 300 potential jobs. There is no way this is a good deal for CT.

I'd love for Jackson Labs to come here. We shouldn't be bribing them with money we don't have in order to make it happen.

 

[HartbeatHusky]

Nonsense. Florida turned them down because their books are cooked and they want $300 million for 300 potential jobs 10 years from now. This is not a good deal for a state with the highest per capita debt in the country. We're broke, we've been broke, we have more debt than anyone else, there's no job growth in the private sector, we're increasing spending, increasing handouts to non-taxpayers, and now we're going to dump $300 million for 300 potential jobs. There is no way this is a good deal for CT.

I'd love for Jackson Labs to come here. We shouldn't be bribing them with money we don't have in order to make it happen.

FL turned them down because their Governor is a far bigger clown than ours is.

 

[BlueMAB]

FL turned them down because their Governor is a far bigger clown than ours is.

How much money do we make off their advancements that we fund?

If they find a cure for cancer, what's our cut of the money they make? If they create new technology off our $300 million investment, what do we get back?

They are looking for a deal like this from a state because they know they can't get it in the private market. They can't get anyone to give them $300 million without an expectation of a return on that investment.

 

[upstater]

Nonsense. Florida turned them down because their books are cooked and they want $300 million for 300 potential jobs 10 years from now. This is not a good deal for a state with the highest per capita debt in the country. We're broke, we've been broke, we have more debt than anyone else, there's no job growth in the private sector, we're increasing spending, increasing handouts to non-taxpayers, and now we're going to dump $300 million for 300 potential jobs. There is no way this is a good deal for CT.

I'd love for Jackson Labs to come here. We shouldn't be bribing them with money we don't have in order to make it happen.

There are other components of the deal. Research components. If Albany had looked at nanotechnology and bioinformatics as you are doing just a decade ago (i.e. tallying up the number of jobs that a $1 billion state subsidy would provide) they wouldn't be where they are today: recipients of $4 billion in private investment as a result of research seeded by the state's $1 billion.

Face it: the US, whether through the military or its universities or national research councils or state gov'ts, seeds a huge amount of research. Corporate R&D has gone down in the last decade dramatically.

 

[HartbeatHusky]

How much money do we make off their advancements that we fund?

If they find a cure for cancer, what's our cut of the money they make? If they create new technology off our $300 million investment, what do we get back?

They are looking for a deal like this from a state because they know they can't get it in the private market. They can't get anyone to give them $300 million without an expectation of a return on that investment.

They are non profit so they won't get the profits either. If they cure cancer at the CT site or even come close to making such advances, do you know how much more funding and jobs would be the result of that? The fact that it takes place at the UConn Health Center would bring a priceless amount of prestige for UConn and the state and would undoubtedly spur new investments and firms wanting to move closer to that action.

 

[BlueMAB]

There are other components of the deal. Research components. If Albany had looked at nanotechnology and bioinformatics as you are doing just a decade ago (i.e. tallying up the number of jobs that a $1 billion state subsidy would provide) they wouldn't be where they are today: recipients of $4 billion in private investment as a result of research seeded by the state's $1 billion.

Face it: the US, whether through the military or its universities or national research councils or state gov'ts, seeds a huge amount of research. Corporate R&D has gone down in the last decade dramatically.

I don't know the deal of the Albany agreement, but you're quite possibly comparing apples to oranges.

CT doesn't get one penny returned to it if Jackson Labs proves to be succesful. They are a non-profit that won't pay a return on our $300 million investment.

 

[BlueMAB]

They are non profit so they won't get the profits either. If they cure cancer at the CT site do you know how much more funding and jobs would be the result of that. The fact that it takes place at the UConn Health Center would bring a priceless amount of prestige for UConn and the state.

So why doesn't that non-profit pay a return on an investment since they don't get the profits?

No, we don't know how much more funding and jobs would be the result of that. It's quite possible that they pack up and move 10 years from now. What's to stop them?

 

[HartbeatHusky]

So why doesn't that non-profit pay a return on an investment since they don't get the profits?

No, we don't know how much more funding and jobs would be the result of that. It's quite possible that they pack up and move 10 years from now. What's to stop them?

You don't think that way. The fact that their facility would be almost impossible to relocate and replicate and will hopefully attract other firms to the area coupled with a hopefully fruitful partnership with UConn and Yale would be my guess to why they would not just pack up and leave and try to start all over again.

 

[uconnric]

I wonder how many hundreds of millions of dollars taxpayers are gonna have to fork over for them to come.

Meanwhile thousands of businesses already in Connecticut continue to get screwed.

You're right, we should just do nothing and let these well paying jobs go elsewhere.

 

[Jimdish255]

Nonsense. Florida turned them down because their books are cooked and they want $300 million for 300 potential jobs 10 years from now. This is not a good deal for a state with the highest per capita debt in the country. We're broke, we've been broke, we have more debt than anyone else, there's no job growth in the private sector, we're increasing spending, increasing handouts to non-taxpayers, and now we're going to dump $300 million for 300 potential jobs. There is no way this is a good deal for CT.

I'd love for Jackson Labs to come here. We shouldn't be bribing them with money we don't have in order to make it happen.

Agreement from the left side of the aisle. For that kind of $$ we could create our own research facility and throw in some high speed rail and pre-school.