Quote:
Originally Posted by flamesaresmokin
As an alternative I'd like to see the government offer the owners a low interest loan using public funds to build these arenas. They get their money at low cost and the public gains interest on their tax dollars.
Its hardly unfair either as the owners would make that interest back when they cash their first arena naming rights cheque.
|
Sure some notional support would be okay such as jointly paying for access and egress rights of way that would be used without the stadium and using the state's credit rating to lower financing costs (provided the owners provided collateral). But to outright pay for the arena or to subsidize it by lower than market value land sales etc. is just not sound policy.