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Posted on 01/14/2018 5:43:51 PM PST by jazusamo
Nevada taxpayers shelled out $750 million to build a stadium for the soon-to-be Las Vegas Raiders — and the deal may prevent the state from being able to recoup that money by imposing new taxes on the NFL team.
An unusual provision in the Raiders agreement with the state allows the team, currently playing its final seasons in Oakland, to break the lease and look for another home if Nevada attempts to impose new taxes over the next three decades on the team, stadium, fans or players. That includes visiting teams and fans as well.
The provision applies to any “targeted tax” aimed at collecting revenue specifically from players or fans. It would not protect the team or its fans from any new taxes applied generally on businesses or individuals across Nevada, however.
Nevada could impose a tax on all sports tickets but couldn’t impose one specifically on stadiums larger than 40,000 seats, because it would only levied against Raiders’ stadium.
A separate agreement from the master lease, the targeted tax provision, is part of a series of papers that still needs approval by NFL owners and the Las Vegas Stadium Authority before any deal is approved. A final vote is scheduled for March.
Michael Leeds, a Temple University economist who has argued against the use of taxpayer funds to build sports stadiums, said the targeted tax provision goes beyond anything he has ever seen.
(Excerpt) Read more at washingtontimes.com ...
Think of all the schools or infrastructure that could have built.
Will this stadium have a roof? Rumor has it that things get rather toasty in Southern Nevada in September and October.
The clearest possible sign of serious corruption, imho
Yep, I wonder what the average working person in Nevada thinks of this? I’d say they’re not thrilled.
I don’t care about the MFL any more. When the Broncos took a knee they were dead to me. Have not watched a game since. Don’t plan to until the MFL takes the rascists down hard.
Corruption? In the good ‘ole US of A? In Nevada? Tell me it isn’t so.
Why can’t we work some deals with the States for Fed boys like that?
They’ll probably want to play the super bowl in Vegas every other year. And host the draft there on the years in between. That will let them rake in some good dough.
Ditto.
Reid between the lines:)
Wrong.
The taxes are paid by people who pay for a NV hotel/resort room.
Who’s bright idea was this?! They should be boycotting the team, not wasting our tax dollars on this rejected team that seems to move around every few years.
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I have to agree.
Why should the tax payer build a facility that has little use beyond making millionaires and billionaires richer.
Most of the contracts cities and states make today for these stadiums funnels all of the money generated within the stadium (including parking) to the team organization. That is all money whether generated during games or other non-game activities (concerts) to the team.
This to me is totally ridiculous. The team puts out no money for building the stadium and yet reaps all of the profits.
The fact that politicians agree to this is totally unacceptable. These people should be put out of office at the earliest opportunity. This is either corruption or incompetence.
Now this latest outrage. Preventing the state from making any effort to recoup some money from the state built facility. Totally beyond the pale.
And to top it all off. The NFL may not even exist in a few years. Wouldn’t that be the Bomb.
Californians move to Nevada hoping to avoid California's ever-increasing tax burden. In doing so, they are turning a solid Red state to Purple.
And now they get their comeuppance by getting taxed for a team that is probably the least politically correct team on the planet.
Fail.
After the impending debacle in Mpls in a few weeks, this is a strong possibility.
Sports visitors love Vegas. The new local NHL team The Vegas Golden Knights have had overcapacity crowds for every game played on The Strip, and at least a quarter of the nightly crowds consists of people visiting Vegas to see their team play 'an away' game.
Multiply that by 5x for the super bowels.
Of course, this implies that the No Future League has a future.
nflol!
Ha!
Not true, if you compare both the vote totals and percentages between 2012 and 2016, the GOP made a strong improvement in both.
Given the Dem vote fraud and the surging GOP voter registrations in NV, the state is probably leaning Red right now.
Also, the GOP controlled both the governorship and state legislature when they voted for the stadium tax. More importantly, they voted to tax the tourists via hotel taxes. NV residents only pay the tax if they pay for a NV hotel room.
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