[sgtyork]

It was cheaper to keep the Bucks. It was a good decision based on the real factors involved:

—10+ million per year in taxes from players... which will inevitably go up as player contract increase.
—Fixed 15 million per year in maintenance of an unused facility

====”We’re still working on this estimate. We believe that if nothing is done, let’s just say nothing is done, the Bucks leave, where are we here. We estimate to just to be able to maintain for safety issues and basic maintenance, it will cost $100 million over the next 10 to 12 years,” Marotta said.==

http://www.jsonline.com/news/milwaukee/official-cost-of-maintaining-current-arena-will-be-high-b99250425z1-255687561.html

state coffers would suffer the loss of an estimated $299 million in income tax collections over 20 years from the Bucks and visiting NBA players.

http://www.bizjournals.com/milwaukee/news/2015/06/04/arena-deal-announced-walker-says-its-cheaper-to.html

[conservativejoy]

After exhaustive studies have proven otherwise, from the article:

“If Scott Walker or any other politician wants to argue for a taxpayer stadium, he can point to civic pride, prestige, or other non-tangible benefits. But if he reads the stack of studies from every side of the political spectrum, he cannot in good conscience argue that it will create an economic benefit.”

[freedomfiter2]

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.

[Lorianne]

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?