Skip to comments.A Stadium's Costly Legacy Throws Taxpayers for a Loss
Posted on 07/12/2011 9:33:44 PM PDT by MinorityRepublicanEdited on 07/12/2011 9:40:59 PM PDT by Admin Moderator. [history]
CINCINNATI—Here in Hamilton County, where one in seven people lives beneath the poverty line and budget cuts have left gaps in the schools and sheriffs department, residents are bracing for more belt-tightening: rollback of a property-tax break promised as part of a 1996 plan to entice voters to pay for two new stadiums.
(Excerpt) Read more at online.wsj.com ...
Hey in exchange for those $500 million from your town we will give you three low-paying dozen jobs sellings peanuts and beer 9... no 10 days per year!
What a deal!!
Government subsidizing businesses of any kind should be outlawed.
In Columbus, Nationwide Arena was built with private money. Thank God.
Cincinnati now has an African American City Manager and an African American Chief of Police. Now, Cincinnati can succeed like Detroit has.
Don’t even get me started about what happened with the 2 stadiums in Seattle.
Voter to self in ‘96:
They wanta put two new pay-for-themselves stadiums here in Rustbelt-Landfillville? What could possibly go wrong?
A mayor and a city manager, no? The mayor was on Undercover Boss and mentioned his city manager.
They have 2 stadiums to go with their one subway and a zoo. Only in Cinci.
I'd love to see one city call the owner's bluff if they threaten to move. There are only so many cities that can support major league sports. And they'd have to be able to sucker THOSE cities into building $500 million dollar money pits.
And don't get me started on Seattle. The Kingdome was just fine. It was used for other things than sports, like the boat show. Qwest Field was built at huge expense and besides soccer, is only used for 10 home football games per season.
Don’t get me started about the Milwaukee Brewers stadium. Four counties have paid an extra sales tax to pay for it. Guess what? Now that the sales tax has expired and the stadium has supposedly been paid for they are looking for an excuse to keep the tax.
No one one will notice, it’s only .025%
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