Posted on 08/15/2015 9:07:50 AM PDT by conservativejoy
299 million dollars over 20 years versus 250 million up front equals a loss. That’s even assuming that the team leaves without the funding which is less than likely. It’s funny how crony capitalism always involves taking money from the working class and giving it to the wealthy. Let’s end welfare starting at the top.
You are leaving out other costs that tipped the scales on this decision.
And the 299 million is under today’s television contracts. This would obviously continue to increase as player’s salaries increase.
I agree about crony capitalism, but there was already a facility owned by the state of Wisconsin that would generate perpetual upkeep costs until demolition.
Sure, do you want to post some specific information about the topic as I have or do you just want to post semi-accusations like some kind of liberal?
“The team’s ownership group — which includes one of Walker’s top campaign fundraisers “
All you need to know. And all you need to know about how Mitt Walker would be as President.
Whilst I appreciate your concern as a Tennessean for the tax paying residents of Milwaukee County, I am puzzled by your absence of concern regarding the taxpayer funded downtown light rail system nobody but the Mayor wants, which is being shoved down our throats without any form of public review or input.
Methinks you are pursuing a different agenda . . .
All I need to know is that I live very far away from you. For that I am grateful.
When your Mayor runs for President, I’ll look into that.
This is the same deal that every city makes. It stinks everywhere, and not just in the US.
All stadiums have been replaced. Every place the Beatles played is gone (those were the Big rooms once upon a time).
And when they old stadium/arena is decommissioned for sports, Livenation and others see to it that the old buildings cannot be used for concerts (non-compete clause with the corporation that p’wns the concert contracts on virtually all of the NEW major stadiums).
Those are typically city done deals, though. Not state (governor) decisions.
But keep up your anti-Walker rants. Hillary can use the votes. Or don’t you care about her corruption?
These stadiums are always a corrupt deal.
In Houston, the new football stadium cost $300,000,000 to build a competing structure with the Astrodome (in the parking lot of the Astrodome).
Reliant (now NRG) paid $300,000,000 for the naming rights. Did that money go to the taxpayers who built it? NO. They went to the team owner.
The money is there to privately fund these projects. Rats run the major urban areas and these are interstate negotiated deals (architects, labor, and the crony run sports leagues).
I wouldn’t be surprised to see Mayor Annise Parker (D-Lesbian) run for the White House some day and if not that, some other higher office.
Do the players have to live in the State where they play?
My understanding is that many of these super-rich players do not live in the city or State in which their team is headquartered. They gravitate instead to ultra wealthy enclaves in California and New York and Florida and just buy a nice condo to stay for games (of which there are only a few home games per year).
Sometimes the pre-season training is not even in the same State where the team is headquartered. These players are constantly flying all over for training, games, etc. Plus they have a lot of time off so why would they feel they need to actually reside in the State where their current team is located (they don’t all stay with the same team their whole career, so why, for example, move your whole family to Wisconsin if you have the $$$ to live in a tony enclave elsewhere?) You might not even by with the team more than a year or two anyway.
So who gets their income tax?
I generally support Walker as my #2 choice (behind Cruz, of course), but I disapprove of all crony capitalism. No city or state should ever pay for sports arenas. The roads and sewers for the arena are a trickier question, but the arena itself should be privately funded or not built.
Seems no matter what it is, its OK as long as its “our” guy doing it.
Posting an article is an anti Walker rant? I post articles on the candidates every day. The only whiners I get are Walker supporters.
Me too we don’t need any more Yankees moving down South and then voting to turn our state into the chithole they left behind. :-)
I am against every stadium deal and voted down the one that passed in Houston by a small margin (Enron Crook Ken Lay helped deliver the Democrats that win).
Nice concern troll
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