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Taxpayers are on the hook for billions of dollars worth of new sports arenas as 2023 yields one new project every month
Fortune ^ | December 24, 2023 | DAVID A. LIEB

Posted on 12/25/2023 11:02:15 PM PST by MinorityRepublican

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To: MinorityRepublican

George Orwell, 1984: “Heavy physical work, care of home and children, petty quarrels with neighbors, films, football, beer and above all gambling, filled the horizon of their minds. To keep them in control was not difficult.”.

With the decline in need for “heavy physical work” and the loss of national commitment to home and children, we’ve moved through even that sad vision, and on into the void.


21 posted on 12/26/2023 7:09:16 AM PST by hinckley buzzard ( Resist the narrative.)
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To: MinorityRepublican

You can play people billions of dollars to play a game when your venues are subsidized by the taxpayers.


22 posted on 12/26/2023 7:34:27 AM PST by pgyanke (Republicans get in trouble when not living up to their principles. Democrats... when they do.)
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To: MinorityRepublican

I hate this. Here in the DC metro area, Virginia and DC are in a bidding war over the location of the Wizards (née Bullets) and the Capitals. Mayor Bowser came up with $500 million to refurbish the Capital One Arena, but can’t find any money for things like the subway system and other infrastructure projects. On this side of the Potomac River, the governor wants to spend $1 billion on a sports and retail center accessible by small, congested streets and one subway station.

It’s all madness.


23 posted on 12/26/2023 8:16:14 AM PST by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals)
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To: VanShuyten
Mayor Bowser came up with $500 million to refurbish the Capital One Arena, but can’t find any money for things like the subway system and other infrastructure projects.

Abe Pollin built it with his private funds. He was a great owner.

Now all the owners have no conscience and they think it's okay to "steal" from tax-paying citizens.

24 posted on 12/26/2023 8:25:21 AM PST by MinorityRepublican
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To: Jolla
The San Francisco Giants in 2000 proved govt involvement was not necessary, they built the stadium pretty much on their own with minimal tax involvement. Paid it off in 17 years and still have a beautiful stadium.

That's the way it should be, billionaire owners should take out loans and have them paid off in 10-20 years with profits from the new stadium.

25 posted on 12/26/2023 9:01:13 AM PST by MinorityRepublican
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