Quote:
Originally Posted by Parallex
How are those not from the taxpayers?
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).
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If you want to see it that way, then you are ignoring $490M plus interest in revenue coming back into taxpayer pockets from the users of the new facility...ticket purchasers who will enjoy the new facilities and developers who will make money being near by the facilities.
The $200M is absolutely a straight up handout though, albeit slightly dressed up as a diversion of planned expenditure by the city.
Long story short, this is a $200M handout by the taxpayer and a $490M loan by the taxpayer which will be repaid with (I assume) interest.