I agree and this is why I struggle with what GASB allows. They report the asset as revenue which you can do as a not for profit under GAAP but you would need to record the third party debt as a gift against the asset as well. Conversely, under GAAP you can use a QSPE to keep debt off the books associated with the asset. However you don't do both. Under GASB they apparently can report the asset like a not for profit but also keep the debt off the books. Of course we assume the debt is secured by the stadium which it may not be (even though it was for the construction).
It was for the construction while the Dynamo owned the building. I assume the stadium DOES NOT secure the debt now.
Typical a construction loan would roll into a product secured on the completed structure. However, if it does not secure the debt, that would explain how it can be listed as an asset with no offsetting liability. I had assumed it was still securing the debt, which may have been faulty.
The debt is not HHCSA's. That probably would have required referendum. This was a complex and unconventional deal.
http://www.freepresshouston.com/mer...cial-slur-by-the-houston-dynamo-organization/ I already e-mailed every person in the sales office that has ever e-mailed me and told them if this is true I am boycotting BBVA until a public apology is made.
Peoples, This is a very dangerous topic. Heck, even @Westside Cosmo abstained from making his usual statements (smart!). This goes beyond the right to bring flags to BBVA. You may have to go back to the Faizal Weisman treaty, or even further back. I suggest caution.
One thing I will chime in on concerning that piece - the stadium itself was not built with taxpayer money.
I'd say that it was possibly caution that caused BBVA to take this action, and on the face of it it seems to be an appropriate action if the individual with the flag was attempting to provoke. It seems that she was allowed in with the flag but was asked to refrain when she began waving it in the faces of Israel supporters. But describing it as racist was wrong - it was more of a provocation, such as a whole bunch of Dallas fans bringing their paraphernalia to the game on Friday and sitting with the SKC fans. The stadium has a duty to ensure the safety of everyone attending events there and they can most certainly make decisions as to what kind of speech is appropriate. It might be, that any banner, flag or depiction that does not directly represent one of the combatants on the pitch should not be allowed. No multicolored banners, for they may offend people who do not like rainbows, no political banners such as the Ukraine flag, etc etc. I'm just saying that I don't think stadium security is heavy handed, just trying to keeps things in balance.
This thread title is absurdly misleading. Do you think security at BBVA has any sort of official position on Palestine? They can't agree on how many streamers you should be allowed, much less international policy. They probably think Hamas is some sort if new Greek sandwich. I'd wager it was a setup or done knowing it was going to result in a kerfuffle. Did anyone bring Nazi flags? I lived how she threw in the line about "************" being yelled. Nothing like trying to get the rainbow brigade on your side. If we want to go down the "anything allowed" road I'm fine with that, just protect my right to bring in some sort of upside down rainbow flag to the Dash game!
She knew exactly what she was doing when she walked into the stadium and she knew exactly the response. I don't get why anyone is mad at anyone about any of this --- other than at the minimum wage making security guard who said something stupid.
fter reading that article, I learn something.... Both the person writing it and who it's about are idiots. The writer is probably some free press hippie and decided to not look up the history between Israel and Palestine and how in some way that bringing a Palestinian Flag to a Israel match wouldn't cause some kind of issue. It's just common sense and neither of these two have have it. She probably doesn't know her own history or she would have a had some respect to not bring the flag. She wanted attention and she got in the way of being escorted out of the stadium. Kudos for not giving up her flag, but not so much for bringing it. I'm not going to bring a St. George's Cross Flag to a Republic of Ireland match, because I know the history behind it, why because I'm smarter than that. She on the other hand not so much. She should be happy she wasn't confronted by someone be sides stadium security... Wouldn't have ended so nicely. I don't wish any harm on her and I hope she learned her lesson.
Because it's something for liberals to be outraged at. Which I find funny after all of the gay pride crap that the Dynamo had to participate in last year. There's no rational or even tangential reason to bring a Palestine flag to an Israel soccer game in the US. It would be like trying to bring a toaster into a Dynamo game because you thought the bread was too soggy at concession stands on the BBQ sandwich.
1) Houston has a large palestinian community. 2) Palestinian Americans know their own history quite well, it was within their grandparents lifetime. 3) Your St. George Cross to a Ireland match is the absolute wrong metaphor. I think you meant to say a Irish flag to a Northern Ireland match?
It sounds like someone with an agenda went to the match. There was an incident. That's a pretty big leap to: News: MERE EXISTENCE OF PALESTINE DEEMED A “THREATENING RACIAL SLUR” BY THE HOUSTON DYNAMO ORGANIZATION
I guess it's "Free" press for a reason. Terrible journalism. It's almost as bad as FOX and their hero worship of Cliven Bundy.
Then I presume that bringing a Palestine flag to the game would likely not be done for any reason other than to incite?
If the case is she knew her history and still thought it to be a good idea to bring the flag and wave it around, then my remorse I had for her has completely left me. I get the freedom of speech and pride in your heritage, but there are also respect and common courtesy that needs to be taken into account. Realistically it would be both ways.... it's just something you don't do unless you want your head caved in. The Republic fought to get the English out of Ireland, think IRA.
Nope! As usual BBVA staff flubbed this situation. She wasn't waving it at the Wailing Wall, she was waving it in Houston, TX that's still part of the Free United States. There's a lot of political views and flags that I find highly offensive (and some not offensive, but certainly tasteless in certain situations), but in a free society no one should be given the power to decline someone a right. The person who complained is in the wrong. This isn't a swatsika where we can pretty much sumise that 100% of individuals who associated with the flag when it flew over a government building was a total asshole. This is a flag that represents a recognized territory and not everyone who lives in that territory or flies that flag is a terrorist who wants to blow themselves up in a food market. So what happened here is because a group of people (perhaps it was even only 1 or 2) were offended we trampled on the rights of others and we should all find that distasteful.
Yes, I'm not a hypocrite. They have a right to proudly fly their rainbow flag and others have a right to be disgusted by it. Doesnt mean I agree with being disgusted by it (I don't), it means I agree with someone having the RIGHT to be disgusted by it. I hope people on these boards are smart enough to understand the difference.
So if I went all Westboro Baptist at a Dash game, you would be OK with me staying in the stands? Just want to clarify. I generally agree with everyone's right to their thoughts . That's why I thought the Donald Sterling thing was so ridiculous, like our thoughts count more than our actions