It’s time again for the Florida legislature to vote on the dumbest sports subsidies ever, wherein the state gets to hand out money from sales taxes to any sports organization that asks, to pay for venue upgrades they’re doing anyway, just because Florida, man. This year’s three candidates are the Jacksonville Jaguars, the Miami Dolphins, and Daytona International Speedway, which are set to receive a total of $210 million over 30 years (about $100 million in present value); the state Department of Economic Opportunity insists that Florida taxpayers will get a return on their investment via increased economic activity, though given that the work is already underway (in the speedway’s case, actually completed) whether or not the team owners get the money, it’s hard to see how this could be true.
It’s all mind-numbingly idiotic, and should be laughed out of the legislature in a sane world. Instead, naturally, we have legislators only thinking it’s a bad idea because Miami Marlins owner Jeffrey Loria ripped them off once:
“I personally have an issue where taxpayer money is being used to fund billionaires,” [House Economic Development & Tourism Chairman Rep. Frank] Artiles said. “If [Marlins owner Jeffrey] Loria actually tries to sell the Miami Marlins, he has a major windfall on the back of taxpayers.”
That Loria, he just ruined it for everybody.