12-21-2020, 09:22 PM
(12-21-2020, 08:46 PM)Luvnit2 Wrote: https://www.bizjournals.com/cincinnati/news/2016/09/12/how-much-did-cincinnatis-controversial-stadium-tax.html
How? Read the article. In fact, the stadium is paid by the collection of an additional sales tax in Hamilton County so anyone from any county, any city or any state that buys anything in Hamilton County is paying.
So, I hear arguments all the time about the residents pay so much and they do pay, but so do a lot of others, and once you read the article, it makes it clear PB is a genius financially getting the entire US population to pay for a stadium in Cincinnati and the Reds did the same thing so maybe Beddinhouse was the genius.
As for following them, if no new team I would switch to Indy and hope we get a team here again. No way I would follow them to another city if the ownership is the same.
Not sure what any of this has to do with my argument. (That the the city of Cincinnati deserves better from the Brown family than getting spurned for a new city)
Your article states a total cost of 324 million dollars to federal tax payers for both stadiums. That's a nice chunch of change, but wanna know what's even greater?
The 1.2 BILLION dollars Hamilton County has sunk into those stadiums.
Also, it looks there's 36 different publicly funded stadiums that used bonds to finance their stadiums. Not sure how this unique to Cincinnati.
Lastly, and this is important, this type of financing was done at the county level. You know, the people who actually financed the deal (the people paying for it). So if there's any "genius" there it's by the county. Mike Brown has absolutely no influence on how the county chooses to finance their projects. He didn't pay for it. We did.
