This may be the stupidest paragraph ever written about a sports stadium finance plan

Pawtucket Red Sox president James Skeffington went on local TV today to stump for his $60-million-plus-free-riverfront-property stadium plan, and according to the TV station’s report, he said this:

Skeffington and his partners promise to build it at no cost to taxpayers, unlike most sports stadiums. But they are asking in return a $4 million a year contribution from taxpayers that Skeffington said would be offset by more than $2 million in taxes on economic activity around the field.

Good job, NBC 10 in Rhode Island, you’ve just broken math.

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7 comments on “This may be the stupidest paragraph ever written about a sports stadium finance plan

  1. The term “contribution” certainly seems innovative! Gives the pleasant feeling of voluntarily dropping a few dollars for Girl Scout cookies.

  2. And is that the first appearance of a lighthouse in vaportecture? And is the lighthouse in play?

  3. I’m thinking about leasing my house to the state of Rhode Island for $120,000 a year if they promise to sublease it back for $40,000. Do you think they will go for it? I promise to spend $20,000 a year in-state to offset the funds.

  4. To most pols, that’s a good deal. Hey, we only have to spend $4 million to get $2 million back!

    Because they’re gonna make it up on volume.

  5. GDub, Foxborough Stadium has a lighthouse. Not sure if it was ever included in drawings released to the public, prior to construction. At least Providence is on a river and a bay, makes more sense there.

  6. Once the plutocracy is fully entrenched, education will be a thing of the past. The proles will believe whatever we tell them. But for now, it’s just this sort of dry run, test it out kinda stuff. How dumbed down can you go and still steal all you want from the public? It’s a tough question and I have to take a break from vacationing on my private island once in a while to think about such things…

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