Member since Apr 16, 2009

Recent Comments

Re: “On the Grounds

You sound more optimistic about the sportsplex than I. Maybe I'll be pleasantly surprised about the success of the development. We'll just have to wait and see. My money was on a surf/water park. Seemed like a "no brainer" with our wretched hot and humid summers.

Posted by airshafer on 02/23/2018 at 11:34 AM

Re: “On the Grounds

@barfolomew: I appreciate your further educating us on the finances. 7% was a stab of a guess. I was hoping someone like you would provide a better figure. A $40 million impact would get us $3 million towards bond repayment but still leaves us short by about $ 1 million a year @ 5%.

I remain skeptical of the complex as this magnet attraction. I've noticed that SFA has built some of their complexes near existing anchor geographical attractions that families would already be drawn to. For example, one of their complexes is nested in the Smoky Mountains (see Rocky Top Sports World). The idea being that the family vacations near a beautiful area while one of their other children plays in a tournament. Personally, if one of my kids was going to be in a sports tournament, I would be looking for a sportsplex located at or near the mountains or by the beach. SFA is involved with complexes that exist in both these areas.

I see Memphis as a big draw for international tourists but not so much for families with kids. JMHO.

2 likes, 0 dislikes
Posted by airshafer on 02/22/2018 at 4:06 PM

Re: “On the Grounds

An economic impact of $27 million generates $2 million in sales revenues based on a 7.5% sales tax. Based on annual bond repayment rate of 7%, the annual cost for bond repayment on $60-80 million bonds would be $4.2-5.6 million. As I see it the economic impact would need to be $56.1-$75.6 million to break even on annual bond repayment.

It would also be interesting to know what the current sales revenues are for the TDZ.

Maybe someone else with more financial experience could verify my calculations.

3 likes, 2 dislikes
Posted by airshafer on 02/22/2018 at 1:02 PM

Re: “UPDATED: MidSouth Coliseum Mothballed in New Plan

Alexander: Because sport teams will be paying high dollars to use that 80 million dollar facility. Kids in the neighborhood won't. That's why it's important that the plan has something for everyone so that the more exclusive venues will be offset by ones accessible to the general public. Hopefully the plan that has yet to be unveiled will show that balanced thoughtful approach.

1 like, 0 dislikes
Posted by airshafer on 11/01/2017 at 3:29 PM

Re: “City Calls Second Public Planning Meeting for the Fairgrounds

Water park sounds fantastic. Even better would be including a cutting edge Surf park into the mix of water park features. Austin is the only City in the U.S. that has a Surf park which opened in summer of 2016. If you are curious to know what a surf park looks like, I wrote blog post on one over at Smart City Memphis :…
Let's bring back a "beach within reach." :)

1 like, 0 dislikes
Posted by airshafer on 09/19/2017 at 2:00 PM

Re: “Good Jobs Lost

There are a glut of scientists right now. Universities have been churning out an oversupply of PhD trained scientist for nearly 20 years. This lady has the training and skill set, however she's competing for jobs that PhD scientists are filling that are 20 years younger than her and are cheaper. The market seems hot but in reality it's tough out there these days.…

2 likes, 0 dislikes
Posted by airshafer on 02/25/2015 at 12:52 PM

Re: “Memphis Makes Top 10 Least Hipster-Friendly Cities List

Forget the hipster rankings, I am going to go skate at our new skate park!

15 likes, 0 dislikes
Posted by airshafer on 03/12/2013 at 7:48 PM

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