Posted on 08/12/2015 7:18:02 AM PDT by SeekAndFind
These studies always — I repeat ALWAYS leave out the TX. Ranger Stadium, Jerry World also called ATT Stadium and the AT&T arena in DFW. Ranger stadium brought in so much money it paid off the bonds 10 years early. Now the Stars/Mav’s arena is in the middle of hotel condo building BOOM. All month long our “entertainment” underground paper has stories of concerts in all of them when there are not games. Folks should have seen what was happening during the CMA weekend. That the cities in rust belt don’t draw crowds and pay debt that’s a different problem.
Wisconsin was on the hook for the maintenance of the current arena. When you throw in the taxes paid by visiting teams (millionaires), losing the Bucks would have left a ten million hole in the budget each year. This is a minimum tax anticipation as new TV contracts expand the salaries.
It was cheaper to keep them.
This was not possible with the penalties that Walker’s PREDECESSOR signed into the big tribal compact. Wisconsin would have lost very siginificant revenues from the Potawatomies.
****As tensions rise over a proposed Indian casino in Kenosha that would compete with the Forest County Potawatomi tribe’s Milwaukee gaming operation, the Potawatomi are refusing to pay their casino fee of at least $25 million to the state.
In a letter to lawmakers Tuesday, Gov. Scott Walker said the payment was due June 30 and its absence is having an effect on the state’s two-year budget, which has only limited reserves.
Walker said his administration faces a tricky task in deciding whether to approve the more than $800 million off-reservation casino proposed for Kenosha by the Menominee tribe.
Compact agreements negotiated by Gov. Jim Doyle’s administration include clauses to reimburse some tribes for losses resulting from a new tribal competitor, payments that could equal tens of millions of dollars to the Potawatomi and the Ho-Chunk tribes.
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