Quote:
Originally Posted by Beatle17
Watched this last night. Phoenix/Glendale is far from the worst for stadium costs. And John Oliver's comment about Yankee Stadium needs to be taken in context about the City giving them land and tax breaks to the tune of $100M dollars. Yes the city did give them breaks but the Yankees payroll and entertainment taxes are over $20M/year benefit to the City of New York alone. The Yankees were discussing building the new stadium in Jersey at the time so the city would have lost this money.
I agree that if the Flames build the district without a direct taxpayer input then this will be exciting to see what they build. I believe that it will take some land/tax breaks from the City, but the city will more than recoup their money over time.
|
http://www.bloomberg.com/news/articl...lose-4-billion
Giving land breaks to a tenant that you're going to collect lots of revenue from is one thing. Giving hundreds of millions of dollars in government loans to businesses that could afford to finance privately is a bad value proposition.
__________________
”All you have to decide is what to do with the time that is given to you.”
Rowan Roy W-M - February 15, 2024
|