Posted on 01/03/2013 5:38:28 AM PST by MichCapCon
I thought that less taxes going to the Govt was a 'good thing'. Isn't that what we're constantly clamoring for here?
It's one thing to ALLOCATE from current citizen's tax revenues and 'give it away' to sports franchises, it's entirely another to say that the 'taxes' we havent taken from you already 'belong to the Govt'.
Tax breaks for all or tax breaks for none.
Yes the taxpayers will pay because the revenue lost will be made up elsewhere.
Arlington, TX provided some taxpayer assistance for both thr Rangers and Cowboys stadiums. However, the team owners carried the bulk of the debt . The Rangers paid off the debt ahead of time, and the Cowboys are expected to follow suit.
The owners have to have some skin in the game as demonstrated here
Let these sports franchises pay for their own damn stadiums. Why the hell shoul the taxpayer be forced to subsidize them?and then be forced to pay exorbitant ticket and parking prices.
These guy’s get you coming and going.
Let these sports franchises pay for their own damn stadiums. Why the hell shoul the taxpayer be forced to subsidize them?and then be forced to pay exorbitant ticket and parking prices.
These guy’s get you coming and going.
NY State just threw some goodies to keep the Buffalo Bills so the cycle continues.
I’m afraid you’re right on this.
What Red Wings?
The hockey unionists busted their own season.
Indeed, why should taxpayers support economic Darwinists like the player’s union?s
I have never understood why a private business enterprise, such as an NFL team, can say to a city “we need a new stadium” and expect the taxpayers to pay for it. Why doesn’t the team pay for their own stadium? After all, the venue is being run for the owner’s profit isn’t it? The city does get taxes that are generated as the result of the stadium’s operation, but it never recoups the amount the city fathers, if they’re stupid enough to buy into this bilge, spend on the construction of a new stadium.
Usually these “requests” for a new playpen are accompanied by the threat of the team moving out of town. My response is: “OK. Don’t let the door hit you in the butt when you leave. Remember to turn out the lights and lock the doors.”
http://www.commonwealthfoundation.org/research/detail/stadiums-dont-deliver-on-promises
duh
“The United States has become a place in which professional athletes and entertainers are mistaken for people of significance.” Robert A. Heinlein
In a lot of cases the local taxpayers aren’t paying the costs, tourists are. Go to a city like Indianapolis and check your hotel room bill or your rental car bill. The smallest item on the bill is the cost of the service, the rest is taxes.
San Antonio taxpayers paid nearly 200 million for a football arena (Alamodome) and we didn’t even have an NFL franchise. Still don’t.
Yet that arena has brought us billions in return.
Good investment, wouldn’t ya say?
What billions?
From ticket revenue that would have been spent somewhere else in the city on other forms of entertainment? How could that arena possibly have brought you billions in returns?
Or, is this subtle sarcasm?
This is part of the Government’s desire to supply bread and circuses to the masses. We are New Rome in so many ways.
They do it the same way any other big business does it, the threat to move is very useful. And not just in sports, most major businesses run bidding wars between cities for new facilities and relocated facilities. And it works because nobody wants to be the mayor that lost the Toyota plant, or the football team. It’s a smart business tactic, if you know some city out there will build you a new facility why pay for one yourself.
Billions. Last year alone the Alamo Bowl brought 39 million dollars in revenue.
The Alamodome is also a reason why we still have the San Antonio Spurs. God only knows how many hundreds of millions of dollars the city brings in in revenue from the Spurs. Without the Alamodome being built, the Spurs would have left town.
Just a few examples. Billions? Maybe a slight exaggeration. But definitely a worth-while investment for the city.
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