So does socialism, but that doesn't stop the elites from foisting it on the larger population.
I hate the whores of the NFL almost as much as I hate Congress but if the people are willing to tax themselves for the benefit of a billionaire, let them do it.
Never, ever shelter anyone from the realities of their decisions
Far be it from me to come to the defense of greedy owners, but why should they have to pay back something the people of St. Louis were stupid enough to do to lure them in the first place?
Sort of like a money back guarantee. You don’t always get one for something you purchase.
If this were such a good idea why aren’t the cities negotiating it up front with the owners before they build the stadium?
Why were these cities dumb enough not to put a timeframe in the deal?
e.g. If you move before 25 years you have to pay XXX Billion dollars
McCaskill wants to indemnify the foolish politicians of St. Louis. Guess which party they come from? Let them spin in their vortex of stupidity. The folks of St. Louis can come over to Kansas City, we have a very nice stadium.
The problem is that the crooks who negotiated this deal are long gone, so no one is held accountable. A better law would be for stadium bonds to only schedule 4 years out. If you can’t pay for it by then, you can’t pay for it.
They could call the Bill the SOUR GRAPES-SORE LOSERS ACT
I am kind of split on these. Cities get a lot of intangibles by hosting a sports team. Yes, they usually get crappy deals on the stadiums themselves, but cities compete with each other for business development, relocation, and quality of life. Having a sports team gets the city name recognition that it wouldn’t get otherwise. Los Angeles doesn’t need a sports team. Neither does New York. Everyone knows those cities even if they don’t have a sports team. But St. Louis is a second tier city that doesn’t get press coverage outside its region. It needs publicity.