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Nashville Orioles???

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1 hour ago, TonySoprano said:

What Nashville doesn't have is a state income tax.  A couple of my in-laws fled NJ for that reason, and no doubt John Angelos has this in mind.

Tennessee has an income tax on dividends and interest income.

Also one of the highest state tax in the country in Nashville at 9.25%.They also tax all food at a grocery store unlike almost all states.Think it is 5% but not totally sure.

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2 hours ago, spiritof66 said:

I've posted at length on both topics below. I'll try to be real brief.

1. If the Angeloses were exploring, or have decided on, a sale of the team, that wouldn't surprise me. Here are a few possible reasons. After considering the estate (or gift) tax burden of a transfer from Peter to them upon his death or otherwise, their discussions with Elias about what it might cost in a few years to bring the team into contention, and revenue projections, the Angelos Boys may not see future ownership of the Orioles as financially rewarding. The Boys (now around 50) might prefer to be multimillionaires who can do pretty much whatever they want instead of owners of a cash-strapped MLB franchise. They may be skeptical about the Orioles' ability to win anything under the current MLB and divisional setup. They may lack confidence that the value of the franchise will continue to increase. Some team owners and/or the Commissioner might have told the Boys that they might not get the required approval of the other owners to inherit ownership of the team.

All speculation on my part, but all reasonable possibilities. Any sale almost certainly would be after Peter's death, so that the Angelos Boys will get the benefit of the step-up in basis and save hundreds of millions of dollars in income (not estate) taxes.

2.  The Orioles aren't moving anytime soon, for at least two reasons. The first is that no team will be permitted to move -- barring, I suppose, some bizarre event - until after the Tampa Bay and Oakland situations have been resolved, including those franchises' decisions whether to relocate, and after MLB expands to two cities that haven't yet been selected. The TB/Oakland part of the process has taken much longer than anyone anticipated. I sure don't how long both pieces will take, but it's unlikely to be less than another four or five years.

MLB owners, whose approval is required for a franchise relocation, consider pretty closely whether the proposed relocation will add health, stability and dollars to MLB. And MLB wants to avoid having a franchise fail in any city unless it can attribute that failure to a crummy or inadequate ballpark. That is why the  places  in the front of the line have been reserved for TB and Oakland, and also why any attempt by the Orioles to obtain approval to move  from Baltimore is likely to face significant opposition.

I don't know too much about Nashville. It's been mentioned as a possible relocation or expansion site for years, but as far as I can recall has never been among the top candidates.  From what little I know about it, it lacks both a significant baseball history or tradition and a strong minor league fanbase.     

 

 

Roch says the Orioles are absolutely not for sale.  If he knows anything. 

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This is John Angelos’ Wife. 

Imagine. A wealthy couple who can afford multiple homes. She is a singer and songwriter. Look at the Friday night concerts. Coincidence? Of course not. 

I hear they have a winter cabin in the Catskill Mountains. Maybe the Orioles will move there instead. 

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49 minutes ago, Going Underground said:

Tennessee has an income tax on dividends and interest income.

Also one of the highest state tax in the country in Nashville at 9.25%.They also tax all food at a grocery store unlike almost all states.Think it is 5% but not totally sure.

  Slight correction.  A tax on investment income only over a certain amount per year.  I forget the exact number since I have not lived there for quite a number of years.  But it is pretty generous, before a person incurs any state income tax.

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11 minutes ago, eddie83 said:

This is John Angelos’ Wife. 

Imagine. A wealthy couple who can afford multiple homes. She is a singer and songwriter. Look at the Friday night concerts. Coincidence? Of course not. 

I hear they have a winter cabin in the Catskill Mountains. Maybe the Orioles will move there instead. 

Somebody should tweet at her that her singing sucks and country is the worst genre of music.

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1 minute ago, TINSTAAPP said:

Somebody should tweet at her that her singing sucks and country is the worst genre of music.

Go ahead.    But why offend her?    Just to be nasty?

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9 hours ago, weams said:

So you had not heard that John wishes to sell the Orioles?  There is another shoe to drop and lots will happen when it does. 

All I remember that stood out is that I had heard he loved Nashville, saw it as an up and coming place and wanted to move the Os there.  

As other posters have said its not his call since he does not technically own the team and there are other obstacles - just what I know based on his desires which he shared with a few folks.

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52 minutes ago, Frobby said:

Go ahead.    But why offend her?    Just to be nasty?

That's usually the case when someone chooses to be offensive.  That and it's easy to talk tough and nasty when no one knows you on the internet. 

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58 minutes ago, Oriole1940 said:

  Slight correction.  A tax on investment income only over a certain amount per year.  I forget the exact number since I have not lived there for quite a number of years.  But it is pretty generous, before a person incurs any state income tax.

Yes $1,250 for a single taxpayer and $2,500.00   for a  couple.Plus under $37,000 in income or over 65 ,you are exempt.Plus the Hall Tax will be gone after 2022. Ok,too much baseball talk.Now back to our regular programming. 

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5 hours ago, Going Underground said:

Tennessee has an income tax on dividends and interest income.

Also one of the highest state tax in the country in Nashville at 9.25%.They also tax all food at a grocery store unlike almost all states.Think it is 5% but not totally sure.

4% for groceries.  Prepared food is taxed at regular sales tax rates which, as you point out, is relatively high compared to most other states. .  There is no state tax per se, but sales tax is 7% and there is additional local tax.  Davidson County (Nashville) adds an extra 2.25%; Williamson County where I live is at the top with a cumulative 9.75%.  Nonetheless, as a refugee from Southern California, I'll take Tennessee tax rates any day.

Growth in this area borders on overheated, but I remain unconvinced that Nashville is a fertile landing spot for any major league baseball team, Orioles or otherwise, in the near future.

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17 hours ago, webbrick2010 said:

Nashville is on my top 5 list for cities to retire to , so from a purely selfish perspective it would be a good thing.

I hope it never happens.

I thought Millennials didn't like baseball, the problem is baseball is dying as a spectator sport, and Baltimore is barely gasping as a liveable city.

 

I have been to Nashville several times and it seems strange to be a top place to retire to.  More likely they are talking about low taxes and cost of living than a place where anyone would actually like to retire.

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On 8/12/2019 at 6:40 PM, survivedc said:

100%. I often lump Locust Point and Fed together for simplicity but LP is definitely unique. Was over there a few weeks ago and was blown away by the amount of young families with kids I saw out and about.

Yeah but they move when the kids hit kindergarten age.

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12 hours ago, Frobby said:

Go ahead.    But why offend her?    Just to be nasty?

Don't you regularly change your most basic life choices and preferences on the unsolicited and totally subjective opinions of people you've never met and will never meet?

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5 hours ago, atomic said:

I have been to Nashville several times and it seems strange to be a top place to retire to.  More likely they are talking about low taxes and cost of living than a place where anyone would actually like to retire.

It seems to me that there are a lot of people who plan their retirement destination more on minimizing taxes than on where they'd actually enjoy living.  Maybe if I were in different circumstances with more of a worry about my retirement income I'd be more like that, but as it stands state tax rates have approximately zero bearing on what I'm going to do when I retire.  I fail to understand how a few hundred dollars a month would make anyone move to Tennessee and live a 10 hour drive from all your family and friends.

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14 hours ago, Frobby said:

Yes, next time they retire you!  

Now, I am drawing a nice retirement check and since I decided to go back to work, I get that paycheck now. 

Not Davis kind of money, but Im happy. :)

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