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Apr 20, 2024
6:38
:59
am
Genghis Spreads
Political Junky
Not how I roll but if that works for you, great.
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Genghis Spreads
Previous username
BeefNoodleSoup
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Genghis Spreads
Joined
Feb 23, 2004
Last login
May 3, 2024
Total posts
34,024 (300 FO)
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Messages
Author
Time
Multiple economic studies have confirmed that municipal funding of stadiums and
Genghis Spreads
Apr 20, 2:46am
What about when government funding is only a portion and it brings in a team?
notaboy
Apr 20, 3:27am
Most studies show that it generally is just a transfer of wealth to the owners
NumbersGuy
Apr 20, 4:52am
Nailed it. Great post
boctabulous
Apr 20, 11:03am
A transfer of wealth from middle class taxpayers to the already wealthy.
Les IsMore
Apr 20, 12:35pm
Can you link to some of those studies?
WVU_Prof
Apr 20, 4:48am
Here is a survey paper that has a pretty good literature review on the topic:
NumbersGuy
Apr 20, 4:58am
Interesting read. I know Brad well. Not sure I agree with him entirely here.
WVU_Prof
Apr 20, 1:56pm
It's been a while since I've read papers about this, so my memory may be off.
The Accounting Barro
Apr 20, 7:12pm
I agree...the non-financial benefits to the community are difficult to measure.
WVU_Prof
Apr 21, 2:55am
In addition to what Numbersguy posted, a few great books:
Genghis Spreads
Apr 20, 5:12am
Check out what Maricopa County's sales tax for sports funding...
Les IsMore
Apr 20, 12:48pm
Lyle Lanley put Brockway, Ogdenville, and North Haverbrook on the map after he
kunarcougar
Apr 20, 5:09am
Thumbs up for the first part. Laugh at the second part. Since I live in SLC, sad
fbguru
Apr 20, 5:17am
Im serious about the second part.
Genghis Spreads
Apr 20, 5:39am
Also, I heard they’re just making the Delta Center hockeyable. Not building a
Genghis Spreads
Apr 20, 5:51am
But they're gonna tax the MLB stadium and North Temple project now that they've
fbguru
Apr 20, 6:10am
Yeah that’s idiotic. Can’t believe Utah would do something so stupid.
Genghis Spreads
Apr 20, 6:12am
I like the pretty pics of new bustling restaurants/shops.. that’ll be 50 yards
cougfanz
Apr 20, 6:26am
It takes studies to figure that out?
HighHorse
Apr 20, 5:40am
Multiple!
Genghis Spreads
Apr 20, 6:10am
Anybody with a lick of common sense knows the truth about government paying for
HighHorse
Apr 20, 6:20am
Not how I roll but if that works for you, great.
Genghis Spreads
Apr 20, 6:38am
Now go reseach tax increment financing.
CocaColaRecovery
Apr 20, 6:44am
well duh. while govt should exist to protect its citizens
bald man
Apr 20, 7:34am
Everyone, for the real reason the investment is being made read on…
First-n-10
Apr 20, 7:54am
I’m more concerned about SLC council members
First-n-10
Apr 20, 8:03am
Outrageous. There was no racism in the 1960s.
Genghis Spreads
Apr 20, 9:02am
Multiple studies also show the opposite. That more revenue comes in
davidmj10
Apr 20, 7:57am
Yeah, just tax the visitors. That will surely encourage them to visit.
Les IsMore
Apr 20, 12:55pm
Most would not even notice an increase in tax at hotels etc.
davidmj10
Apr 20, 2:54pm
This line of thinking is why San Diego no longer has the Chargers … huge loss
sandiegocgrfan
Apr 20, 9:02am
They don’t create jobs, they just move jobs from other parts of the city. No one
Genghis Spreads
Apr 20, 10:51am
Sure but at the end of the day, people want their pro teams to stay so they vote for it.
YIsForBrigham
Apr 20, 9:47am
The math is different if the team is coming in from another state. The Buffalo Bills getting $600m to stay in Buffalo is
HarlemCoug
Apr 20, 10:33am
Smith enriched himself at the expense of Qualtrics employees. Don't fund him.
Celeritas
Apr 20, 10:43am
Exactly zero people have ever been forced to work at Qualtrics.
HarlemCoug
Apr 20, 10:45am
What happened? Can you be more specific.
Genghis Spreads
Apr 20, 10:52am
Don't trust me, ask someone you now who works or worked there
Celeritas
Apr 20, 11:09am
SAP bought Qualtrics a few days before Qualtrics' scheduled IPO.
Les IsMore
Apr 20, 1:05pm
Signed Oakland Raiders, Athletics, Chargers, and Sonics fans
runningryan
Apr 20, 12:04pm
Oh don’t forget the construction jobs it creates with the building
runningryan
Apr 20, 12:09pm
Just don't "site them" in that high tax entertainment district.
Les IsMore
Apr 20, 1:07pm
Ryan, I’ve taken Econ 388 and 588 at BYU and ACM 461 at Hopkins. I and another
Genghis Spreads
Apr 20, 6:23pm
The subsidy and method of financing the stadiums in each of the examples cited is different than the one in question
runningryan
Apr 20, 10:58pm
Funding parks and rec in general is most definitely revenue negative.
beefytee
Apr 20, 12:32pm
Sewer, power grid, and water systems aren’t profitable and are revenue negative
runningryan
Apr 20, 1:30pm
KC voted down municipal funding for Royals and Chiefs. Hello Utah Royals! You
Flyoverstate
Apr 20, 3:29pm
Move Andy Reid back home!
runningryan
Apr 20, 4:41pm
People are dumb; they hear the word “tax” and automatically oppose something despite the fact that what is proposed
runningryan
Apr 20, 4:47pm
Big metro areas should sign an agreement not to race to the bottom on stadium
Genghis Spreads
Apr 20, 7:36pm
Sort of like the OECD with Pillar II on global tax rates?
runningryan
Apr 20, 10:33pm
You all going to start whining about the state of Utah having low corporate tax rates and tax holidays to attract
runningryan
Apr 20, 4:55pm
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