Multiple economic studies have confirmed that municipal funding of stadiums and

Apr 20, 2024
2:46:53am

Genghis Spreads Political Junky

Arenas is dumb. Imbecilic. Doesn’t create net jobs. But if Utah wants to line Ryan Smith’s pockets so he has more money for us, sign me up.

This message has been modified

Originally posted on Apr 20, 2024 at 2:46:53am

Message modified by Genghis Spreads on Apr 20, 2024 at 2:49:07am

Message modified by Genghis Spreads on Apr 20, 2024 at 2:54:41am

Message modified by Genghis Spreads on Apr 20, 2024 at 2:57:50am

Message modified by Genghis Spreads on Apr 20, 2024 at 3:03:13am

Message modified by Genghis Spreads on Apr 21, 2024 at 7:49:23pm

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Genghis Spreads

Previous username: BeefNoodleSoup
Bio page: Genghis Spreads
Joined: Feb 23, 2004
Last login: May 3, 2024
Total posts: 34,022 (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

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