Thanks to everyone who generously donated (and in some cases more than generously, you know who you are) to the Field of Schemes spring supporter drive — I have a whole lot of fridge magnets to send out! But first, there’s a weekly news roundup to get to:
- That Hamilton County agreement to spend $80.5 million on Cincinnati Bengals stadium upgrades and repairs in exchange for no lease agreement at all turns out to be not so popular with the Hamilton County Commission, where commissioner Alicia “hugging the zero down” Reece called it “a PR stunt” because there’s no new lease while commission president Denise Driehaus countered (?) that “No one at that meeting ever said this was related to the final lease.” The county commission only has three members and the third, Stephanie Summerow Dumas, didn’t show up to yesterday’s meeting, so it’s hard to say what this means for the stadium proposal’s ultimate fate.
- Hey, what if the Tampa Bay Rays built two stadiums, asks Tampa Bay Times opinion editor Graham Brink, one outdoors and one a refurbished Tropicana Field? Would that be cheaper or better? Probably not? Too bad, I already wrote the op-ed, and anyway this is just “back of the napkin” stuff. (Or envelope, which actually has two distinct sides. NAPKINS GOT BACKS!)
- WAMU-FM reports that “a source familiar with [Washington Commanders stadium] talks” says funding “will likely involve the city borrowing against new tax revenues expected to be generated by any new development,” i.e., tax increment financing. The station cites a 2020 study claiming that D.C. has turned a profit on average on TIF districts — on first look it appears that the study’s authors guesstimated that development would still happen in the districts without the TIF but would take longer, which is probably a reasonable assumption but could create huge swings in the revenue numbers depending on what you mean by “longer.” I have emails out to a couple of TIF experts, I’ll update here if they have anything instructive to add.*
- Former Cleveland Plain Dealer editorial director Brent Larkin says the Cleveland Browns stadium plans should be submitted to a public referendum, arguing that Ohio voters usually approve sports subsidy referendums anyway, so where’s the harm? Oh, and also it would be “a wildly generous gift to billionaire professional sports team owners at the same time those same elected officials are cutting aid to schools, food banks, libraries and programs for poor kids.” But anyway, it’ll probably win, so let the voters feel like they’re having a say, that’s democracy!
- St. Petersburg Mayor Ken Welch has issued a proposal for redeveloping the waterfront that would include demolishing Al Lang Stadium, the old spring training ballpark that is currently home to the Tampa Bay Rowdies USL team. City councilmembers don’t sound too enthused about this, but also Welch’s managing director of city development said the Rowdies owners are “involved and they’re aware” of the plan, so maybe there’s a new soccer stadium proposal in the works? Worth keeping an eye on, if nothing else.
- A group of downtown Kansas City businesses put up a giant sign with a giant QR code asking that a Royals stadium be built downtown. Chair of the Downtown Council of Kansas City: Gibb Kerr, managing director of the K.C. office of Cushman and Wakefield, a major developer, who surely would not be in position to profit from a downtown stadium, the Kansas City Star would certainly tell us if it were.
- Work has begun at the proposed Las Vegas A’s stadium site on making it even flatter, this is what passes for progress these days.
- Los Angeles Dodgers ticket prices are going up, and so is their payroll, and Forbes “contributor” Dan Schlossberg (author of “41 books and more than 25,000 articles about baseball”) concludes that the payroll must be driving up the ticket prices — sorry, Dan, that’s not how it works, there’s a book you might want to read if you have time between writing them.
- Economist Joe Cortright has done his own analysis of the Portland baseball stadium income tax diversion proposal that I estimated could leave Oregon taxpayers hundreds of millions of dollars in the hole and determined that the total hole would be more than $600 million.
- I was on WOSU’s “All Sides with Amy Juravich” on Wednesday to discuss the Browns and Bengals situations, and you can listen to it here. For those who are wondering: Yes, Andy Zimbalist and I did run into each other on the Zoom call as my segment ended and his began, and no, there were no punches thrown.
- You can buy a piece of the shredded Tropicana Field roof at Tampa Bay Rays games for $15, with the money going to a Rays charity, and doesn’t the city own the roof remnants, shouldn’t the money be going to the general fund? Anyway, if anyone in the Tampa area has been looking for a National Hairball Awareness Day present for me, hint, hint!
*UPDATE: Eight minutes after I hit publish on this post, sports economist and tax expert Geoffrey Propheter replied to my question about the D.C. TIF study. Propheter said it “falls short of academic standards for economic policy analysis” because it doesn’t try to analyze how tax revenue from TIF developments compares to comparable plots of land, but rather just compares actual developments to hypothetical ones that would (according to the study’s assumptions) see different kinds of development take place. He concludes: “I don’t understand how anyone would use this study to justify a TIF for a Commanders stadium.”
And while I was writing the above, Greg LeRoy of Good Jobs First (disclosure: I’m doing some paid work for them, not on the subject of stadiums or TIFs) chimed in to note that D.C. TIF districts like the one for Gallery Place have had to be expanded to siphon off sales taxes from other nearby neighborhoods in order to break even.