Posted by MikeT23 on 7/26/2013 5:16:00 PM (view original):
Posted by examinerebb on 7/26/2013 4:45:00 PM (view original):Miami?
I'd be interested to see the last city that ultimately lost money building an arena for an existing team.
Of course, the verdict isn't in but it seems to be heading in that direction.
Yes, that financing/stadium contract is a clusterf*ck of epic proportions. Whoever was negotiating on behalf of the city/county should be dragged into the street and shot. Still though, the bonds are paid via "tourist taxes" speciifically increased for this purpose and, even though the Marlins get the vast majority of gate AND parking (again, horribly inept negotiating by the city/county), eventually it will become a wash at worse. Property taxes, some revenue from parking, tax revenue associated with the increased traffic and jobs the stadium provides, etc. It's just going to take much longer there than in most places because the politicans were dumbasses.