Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: pepsionice
After the Sonics left, then the town realized that they had screwed up and there was a base of income related to basketball.

Sufficient to come even close to paying for the facilities?

Cincinnati and Hamilton County are getting screwed on the Bengals' stadium and one of the terms of the agreement to keep the Bengals was that there couldn't be a tax on the tickets to pay for the stadium if sales tax revenues came up short.

I think the best thing to happen would be for cities to just start refusing to pay for these millionaires' playgrounds. If you have fewer cities willing to pay than you have teams, then the threats of moving the team won't work even on those cities that feel they must pay.

12 posted on 01/21/2013 12:38:45 PM PST by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: KarlInOhio

The general problem is that hotels tend to benefit from a sports team pitch that runs year-round. If you run a one-sports team operation...there’s no stable income. If you had a smart planning staff and could work up the numbers for hotel taxes...it’d probably all pay off in the end.


19 posted on 01/21/2013 12:58:51 PM PST by pepsionice
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson