Quote:
Originally Posted by Frequitude
Exactly. A ticket tax is effectively a loan to the Flames. It is not a public handout.
Question for those in the know...does the lender generate a return on a CRL or a ticket tax? i.e. on the $250M ticket dax, will the lender receive $250M in nominal dollars back (i.e. 0% return) or will they receive more (i.e. a return greater than 0%)?
If city funds either and the effective return is less than their cost of capital, then yes I will agree that it is a public handout. Not much of one on a present value basis I would assume.
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They usually receive a nominal ROI