Here’s an article from yesterday’s Detroit News about how the state of Michigan approved giving $16 million in brownfield tax credits to Pistons owner Tom Gores for his team’s new downtown practice facility. Which, okay, brownfield incentives, you’re kind of just giving developers the cash to clean up pollution on a site and ready it for a new use, so that’s not so bad.
Except that not mentioned anywhere in the article is that Gores is already getting $20 million in regular old tax breaks, plus $34.5 million in city bonds to be repaid with future property tax revenues. So really this increases the amount of public cash being spent to $70.5 million — on a practice facility, mind you. Which is on top of roughly $300 million that the state and city spent on the new arena where the Pistons (and Red Wings) will actually play games.
For this price, Detroiters at least get to enjoy watching sports in a state-of-the-art arena. Or not watching sports, as the case may be:
Well then. pic.twitter.com/hkK69T3rH7
— Ghost Bouncer Ben (@benmiller) October 23, 2017