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A Stadium's Costly Legacy Throws Taxpayers for a Loss
The Wall Street Journal ^ | JULY 12, 2011 | REED ALBERGOTTI and CAMERON MCWHIRTER

Posted on 07/12/2011 9:33:44 PM PDT by MinorityRepublican

Edited 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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: cincinnati

1 posted on 07/12/2011 9:33:55 PM PDT by MinorityRepublican
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To: MinorityRepublican

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.


2 posted on 07/12/2011 9:36:51 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: MinorityRepublican

In Columbus, Nationwide Arena was built with private money. Thank God.


3 posted on 07/12/2011 9:51:44 PM PDT by buccaneer81 (ECOMCON)
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To: MinorityRepublican

Cincinnati now has an African American City Manager and an African American Chief of Police. Now, Cincinnati can succeed like Detroit has.


4 posted on 07/12/2011 9:54:52 PM PDT by Rembrandt (.. AND the donkey you rode in on.)
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To: MinorityRepublican

Don’t even get me started about what happened with the 2 stadiums in Seattle.


5 posted on 07/12/2011 9:55:49 PM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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To: MinorityRepublican

Voter to self in ‘96:

They wanta put two new pay-for-themselves stadiums here in Rustbelt-Landfillville? What could possibly go wrong?


6 posted on 07/12/2011 10:00:07 PM PDT by flowerplough (Bammy: It frustrates me when people talk about government jobs as if somehow those are worth less.)
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To: Rembrandt

A mayor and a city manager, no? The mayor was on Undercover Boss and mentioned his city manager.


7 posted on 07/12/2011 10:49:34 PM PDT by scrabblehack
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To: MinorityRepublican
It was heartbreaking to see them tear down Riverfront Stadium. One, it was a perfectly functional stadium and two it wasn't yet paid off.
8 posted on 07/12/2011 10:58:33 PM PDT by pterional
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To: pterional

They have 2 stadiums to go with their one subway and a zoo. Only in Cinci.


9 posted on 07/12/2011 11:47:25 PM PDT by Waco (Nominate Palin or forget 2012 you lost)
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To: pterional
There was nothing wrong with Riverfront stadium. I HATE taxpayer financed stadiums. We pay for them, but we aren't allowed to use them as we could with a city library or park. Imagine if you went to Great American Ballpark and tried to play catch with your son in the outfield. You'd be frickin' arrested. All we get to do is PAY to get into them, after we've paid for their construction.

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.

10 posted on 07/13/2011 12:03:39 AM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: boop

Copy that.


11 posted on 07/13/2011 12:06:27 AM PDT by raygun (http://bastiat.org/en/the_law DOT html)
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To: boop

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%


12 posted on 07/13/2011 12:10:50 AM PDT by Jean S
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To: MinorityRepublican
That's how it feels to have a tiger in your tank, it grates!
13 posted on 07/13/2011 3:05:05 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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