Quote:
Originally Posted by Slava
I always wonder about comments like this. So because the guy has made a lot of money he should just build an arena and entertainment complex for the city? That doesn't seem quite right.
That said I'm not sure about giving public money either. I don't like pubic money going to private business, so I'm not sure what the answer is really.
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See if a new arena were a true "public benefit" it might have some play. But this new arena, like almost all of them before it, will come with fewer seats (not good for the public), more luxury boxes to make those fewer seats happen (not good for the public), more expensive seats (not good for the public), and more expensive amenities (hello $10 beer). The owner benefits the most from this by a fairly substantial margin.
That's why PSLs, even if fans hate them, are the happy medium. The heaviest users (and beneficiaries) of the facility (season ticket holders) will pay the most for a new building. Seems fair to me.