The owners of the Florida Panthers responded to criticism of their demand for $80 million in public subsidies in exchange for pretty much damn near nothing by issuing a revised subsidy proposal at the end of last week, which looks like:
The new request looks largely the same.
Thanks, South Florida Sun Sentinel, for saving us having to read the rest of the article. There would be a small change in how the profit threshold would be calculated before the Panthers would have to share profits with Broward County, it looks like, but given that it’s pretty much inconceivable that the Panthers would ever hit that threshold anyway, this isn’t likely to be that significant a change.
New Panthers CEO Rory Babich, meanwhile, had this to add:
“We resubmitted our proposal to eliminate or modify certain previous requests to enable the discussions to focus more specifically on the economic terms of the arrangements,” he said in an email. ” … We look forward to continuing to engage in an active and constructive dialogue with the county staff regarding the terms of our agreements with the County. We remain confident that a sensible, long-term solution can be found to help sustain the long-term viability of the Broward County-owned BB&T Center.”
Man, I can see how Babich got that job. I knew I should have gone for an advanced degree in gobbledygook.