Quote:
Originally Posted by Kavvy
I can't believe anyone doesn't consider the ticket tax as a owner contribution.
City providing financing definitely takes away from that, but it is just pure bias arguments to say that the ticket tax minus any financing costs provided by the city isn't 100% an owner contribution.
|
Idea
How about financing he entire project with a "ticket tax"?
Hmmmm, sounds like reinvesting their profits for something that benefits their bottom line. Kinda like how every other business finances expansion!
I see no reason for funding to come from anyone but the owners of a business and their customers. This is not a public need and therefore shouldn't have anything to do with with taxpayers money.
Keb King is a snake oil salesman and I don't want a single penny of my taxes going to this.
BARF when he trotted out the line that this was a city owned building and belonged to the tax payers. Well ya, so they could walk away from it in 25 years and extort us for another new facility all while not having to pay any property tax!
Sorry bud, build your own white elephant if it's such a a good idea.