Quote:
Originally Posted by FanIn80
- So we pay 66%, the owners pay 33%.
- We get property taxes, the owners get 100% of event revenues.
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Well, no. At least not involuntarily, considering 1/3 is ticket tax. If you buy a ticket, I guess you are paying a portion of 1/3. I don't buy the demolition part and the land values are debatable. But for the sake of argument, 1/3 is "contribution" (I'm still not clear on if it's non-repayable though - just that it's "non-property tax").