Quote:
Originally Posted by Parallex
How are those not from the taxpayers?
|
The ticket ‘tax’ is from people who buy tickets at events. I've covered this earlier, but you evidently didn't read it. Those tickets will sell for whatever the market can bear. A percentage of that will go to pay for the project. If the ticket tax did not exist, that would not make the tickets any cheaper.
Quote:
|
I see 690M taxpayer dollars, the ticket tax and CRL are just suggested financing schemes for 490M of it (and the 200M for the fieldhouse is unfunded at present).
|
The ticket ‘tax’ is not a tax in the normal sense; if you don't use the facility, you will never pay a dollar of it. If the entire project were privately funded, ticket buyers would still be paying that money, but amortizing the cost of the building would be a purely internal exercise on the owner's books.
Perhaps you think that if the building is never built, that somehow the $250m in ticket tax will magically appear out of nowhere anyway? That would be the only scenario (other than bankruptcy with a total loss of assets) in which the city is actually on the hook for that particular chunk of money.