A few items that fell through the cracks over the last week:
- Those plans for a tax-increment-financing-funded arena on the Las Vegas Strip got officially killed last week by the Nevada legislature — which then immediately expressed its intention to put a different arena plan on the ballot in 2012.
- The Anaheim city council is considering paying for upgrades to the Honda Center if the Sacramento Kings move there. No word on how much the renovations would cost, how they would be paid for, or why the city would have any reason to pay for them in the first place.
- Bronx borough president Ruben Diaz Jr. reiterated his call for a new hotel near the Yankees‘ stadium to help bail out those money-losing parking garages. Diaz presumably is more interested in using the garage fiasco as leverage to get more development for his borough; why city taxpayers should want to throw good money after bad is another question…
- A Canadian government analysis projects that for the federal government to pay for a Quebec hockey arena and a Saskatchewan Roughriders stadium, it would require ticket taxes of as much as $42 per ticket to pay off construction costs. That sounded crazy to me at first, but given that we’re only talking about a million fans a year (combined NHL and CFL), it actually makes sense: A $42 ticket tax would generate $42 million a year, which is about enough to pay off $600 million in costs spread across two stadiums. It would also be insane, of course, but it’s a good reminder of why teams don’t generally jump to build stadiums with their own money — new sports facilities face a hugely uphill battle to earn back their own construction costs.