Happy Friday to those of you who can see this through all the burning Canada! Everyone stay safe, mask up, and stay indoors to read the latest sports subsidy news, only most of which this week involves Florida men:
- Hillsborough County Commission chair Ken Hagan said Wednesday that if the Tampa city council won’t go along with contributing tax money to a new Tampa Bay Rays stadium, maybe the county will just go ahead without them. Hagan did not go on to describe where he would find $180 million to replace the city’s planned contribution. Rather than object to being threatened with a good time, Tampa council chair Alan Clendenin warned his recalcitrant colleagues, “Unfortunately, there’ll be a cost of the city not having participated in the process.” He didn’t say what kind of cost he meant, but he gave his word that it was the case, and that’s good enough with old Clenny.
- The chances of convincing Tampa elected officials to spend public dollars on a Rays stadium, meanwhile, could plummet if Florida voters adopt sweeping property tax cuts in November, which would decimate local budgets. On the bright side — sort of — that would at least make any property tax exemption for the Rays stadium project worth less, since there would be less in property taxes to exempt, though it still would leave Tampa in the same budget hole for the project.
- And finally, MLB commissioner Rob Manfred also chimed in on the Rays stadium situation, saying at the All-Star Game, “Every delay just makes it more difficult to hit a timetable of when the stadium is going to open,” which, yes, that’s how time works. Maybe Manfred would like to impose a pitch clock on stadium talks?
- The group of wannabe Orlando MLB expansion team owners say they have more than $2 billion in place combined for acquiring a team and building a stadium, and with MLB’s expansion fee expected to be more than $2 billion, they’re asking the state of Florida to kick in $975 million in tourist tax dollars toward a stadium. The prospective ownership group said this would 100% be worth it, as a new team in Orlando would generate $73 trillion dollars in new economic activity in the first week alone (or something like that, I didn’t write down the actual number, mine is equally likely to be accurate). It also raises the question of whether Orlando is really a move threat for the Rays if it would require state money too, meaning state officials would really be bidding against themselves.
- Some rich people in Nashville would like an MLB expansion team too, but city officials there say that’ll only work if they can privately fund a stadium, good luck with that.
- The Chicago city council, as expected, approved spending $425 million in property tax proceeds on roads and public plazas and stuff surrounding a new downtown Chicago Fire stadium. Alderman Anthony Beale called the project “what exactly TIF is supposed to be used for,” adding, “When you look at the jobs that are going to be created by this, when you look at the revenue that’s going to be brought into the city by this project, the restaurants, the parking, the ticket sales and all the things that go along with that, that’s how we make our economy grow.” Beale did not explain how moving the Fire from one part of Chicago to another was going to create all this new revenue — or, for that matter, how encouraging construction of new housing in one part of Chicago rather than another — but surely he knows what he’s talking about, no reason not to trust him just bceause he once attended a fundraiser in his honor held by the taxicab industry the week before before voting to water down taxicab regulations.
- Washington, D.C. council chair Phil Mendelson has proposed spending $300 million in city money on expanding D.C. United‘s stadium to 28,000 seats and building a roof on it, with the team owners on the hook for the other $320 million. In exchange, the district would receive “stadium-generated revenues and economic activity,” which is to say no actual money, just “maybe it’ll host some more concerts and not everyone buying tickets would have been spending their money elsewhere in D.C. anyway.”
- The city of Portland broke the stalemate in Portland Trail Blazers arena talks yesterday, sending team owner Tom Dundon a draft term sheet that doesn’t include rent payments but does include payments in lieu of property taxes starting at $3 million a year and escalating over time. This came after NBA commissioner Adam Silver griped that Dundon’s plan to get $600 million in public money for arena renovations while putting in nothing of his own money “seems to have gone off track,” then refused to promise that the Blazers would stay in Portland even if the $600 million was approved — which seems to be a violation of Extortion 101, but maybe you do catch more flies with vinegar than honey, who knew?
- Cleveland’s Gateway Economic Development Corp. just got a $52 million bill for projected repair needs for the Guardians stadium and Cavaliers arena, and doesn’t have $52 million to pay it with. Surely nobody could have seen that coming when the city agreed to cover the teams’ future capital expenses as long as they played there! Live and learn, or in Cleveland’s case, just live.
- More World Cup economic impact data points: Some businesses in Atlanta are doing well, others are not; Arlington businesses are only doing well if they sell tourists on Texas-y things like barbecue or access to cattle drives; New York’s bars made out better during the event than its hotels; bars in England are doing great, too, despite England not actually hosting any games; downtown Seattle got an extra 3 million visitors on World Cup hosting days, but the Downtown Seattle Association didn’t release figures on whether the rest of Seattle got fewer visitors than normal on those days; and Miami and Los Angeles and Arlington should all see massive economic impact, report news sites (mostly former news site CBS) that only cite FIFA’s numbers.
- Economist Geoff Propheter decided to get into the vaportecture game with AI designs for a new Blazers arena, and after some online kibitzing it ended up here, 10/10, no notes.