Category: NBA

Friday roundup: K.C. area officials debate throwing more tax money at Chiefs and Royals, as does San Antonio for Spurs, etc. etc.

access_time personNeil deMause

Six posts already in the first four days of the week, and still there’s more news that didn’t make the cut? Legislative season is brutal, man — I can’t wait for it to be over so we can get back to things like wondering if St. Petersburg is going to finish fixing the Tampa Bay Rays stadium roof by next season. (Probably maybe, apparently! There’s one item off the list already!)

And on with the show:

  • Kansas City, Missouri Mayor Quinton Lucas says he thinks he could fund the rest of a Royals stadium without having to go to voters to approve a new sales tax hike, by using “a different set of tools and entities, so much like you’ve seen the discussion in Kansas” — so that would involve kicking back existing sales taxes, presumably, instead of extending a sales tax surcharge? Meanwhile, Clay County Presiding Commissioner Jerry Nolte says if the Royals choose to build a stadium there, the county might hold a vote on a sales tax hike. None of this is going to get resolved by the end of the month, the time by which Kansas’s offer of state sales tax money for Royals and Chiefs stadiums expire; the Kansas legislature could vote to extend that deadline, but it looks like Kansas officials may be tired of being the teams’ spare-tyre lover: Kansas House Speaker Dan Hawkins says he doesn’t want to do that: “We gave them a year to get it done, and in a year, you know, they kind of keep messing around, going back and forth, and you extend it, and that’s what they’ll do. You know, the pressure is off. Then it could take another year and come back again.”
  • Bexar County voters could be asked to cast ballots in November on a 0.25% hotel and car-rental tax hike to raise about $175 million for a new San Antonio Spurs arena. This would only be one of many public revenue streams used to pay for it, presumably — the arena is expected to cost between $1.3 billion and $1.5 billion and Spurs owner Peter Holt won’t commit to how much he would chip in, just keep those subsidies coming until Holt says “stop,” thanks.
  • A 16-page slide deck from April on proposals for a new Cincinnati Bengals stadium lease has been revealed through a public records request, and some of the items include: $308 million in county spending on stadium upgrades from an existing escrow account, in exchange for the Bengals owners extending their lease through 2031; maybe a lease extension through 2036 if the county kicks in another $300 million by 2028; the Bengals paying $1 million a year rent either for the next five years (what the team wants) or for the rest of the lease (the county’s proposal); and a Bengals request to get half the tax revenue the city of Cincinnati gets from “stadium operations” to help cover stadium maintenance. And what about the question of extending that state-of-the-art clause requiring the county to build holographic replay systems if they’re ever invented, anything? No mention of that, really? Not that it matters, as this slide deck is two months old and there’s still a ton of haggling to go, but would have been nice to at least include one slide on it, just saying.
  • The Ohio Capital Journal describes the current debate over a Cleveland Browns stadium as state legislators and Gov. Mike DeWine “disagree[ing] on how to pay for it. Gov. Mike DeWine proposed increasing the taxes on gambling and Ohio House lawmakers favored issuing state bonds,” and no, Ohio Capital Journal, “issuing bonds” is not a way to pay for something, any more than taking out a mortgage is a way to pay for a house, it’s just a way to finance something but you still have to pay for it later, go back five spaces and lose a turn to think about what you have written.
  • The Connecticut state legislative session may have ended without passage of $127 million for a minor-league soccer stadium (plus other stuff) in Bridgeport, but the legislature did pass approval for Bridgeport to set up a TIF district to redirect its own tax revenues to pay for up to $190 million in development costs. This’ll surely go just great, remember how well the Bluefish worked out? Connecticut United is set to begin play in MLS Next Pro next season, probably not Bridgeport but somewhere.
  • This week was so hectic that I never got around t0 reporting on Marc Normandin’s excellent Baseball Prospectus essay from Monday about how Chicago White Sox owner Jerry Reinsdorf’s agreement to sell the team somewhere between 2029 and the time the sun burns out is timed to increase the savvy negotiator‘s leverage, since 2029 is when the team’s current lease expires, plus prospective buyer Justin Ishbia is a minority owner of the Nashville S.C. MLS team, and hint, hint, Nashville. The 89-year-old Reinsdorf seems determined to go to the grave leaving some juicy leverage for his son, or at least to cement his legacy as the most hardball extortionist of all time, guess you have to make your own fun when you realize you can’t take it with you.
Share this post:

Friday roundup: Cleveland sin tax hike could add $300m in sports subsidies, A’s declare moving dirt around is “essentially” breaking ground in Vegas

access_time personNeil deMause

Donald Trump’s “One Big Beautiful Bill Act” passed the House yesterday by a single vote, and while there are probably other more important bits to pay attention to — the massive money transfer from the poor to the rich, the mandatory cuts to Medicare that would be triggered, the sops to Big Oil that could increase energy costs — it’s worth noting that it would also cut sports franchise owners’ amortization loophole in half. (This is the tax dodge discovered by Bill Veeck in the 1950s that allows some team owners to double-dip on deductions by claiming tax breaks both for their annual spending on player development and for the presumed loss in team value from the fact that players wear out and have to be replaced. It’s not the biggest of sports subsidies, and there’s no guarantee it will survive the Senate version of the bill, if the Senate actually passes it at all — recall that when Trump’s first-term tax bill tried to eliminate the use of tax-exempt bonds for sports stadiums, the Senate conveniently excised that language — it’s worth keeping one eye on.

The other eye, meanwhile, has had plenty to keep it busy this week:

  • The Cleveland Browns stadium wars keep heating up, with Cleveland and Cuyahoga County officials saying they will no longer work with the Greater Cleveland Partnership, the region’s chamber of commerce, following the partnership’s endorsement of the Browns moving to a new stadium in Brook Park. Cleveland Mayor Justin Bibb, meanwhile, said that “we gotta move on” regarding the Browns remaining in their current stadium, and that he plans to focus on developing “a lakefront our residents can be proud of,” with plans to issue a request for proposals this summer. Meanwhile meanwhile, the owners of the Cavaliers and Guardians have issued letters to the partnership expressing concern that if the Browns owners seek to use cigarette and alcohol tax money for their stadium — something they haven’t done yet, but also the financing plan still has big holes in it at present — it could kill chances for Cleveland’s other teams to get increased “sin tax” money, given how much local voters hate the idea of using that money to move the Browns to Brook Park. A sin tax hike could bring in an additional $20 million a year, which could fund about $300 million in future repairs and upgrades for the three teams’ venues.
  • The Oakland Athletics of West Sacramento‘s Las Vegas stadium has “essentially broken gr0und,” claims team president Marc Badain, with cranes coming in to do “shallow foundational work” starting July 1. Badain’s statement was largely overshadowed by the issuance of an agreement for the team to submit a $3.7 million bond to cover the costs of building an eight-foot wall around the site if no stadium ends up being built there; while this probably isn’t a sign that the project is on any shakier ground than already expected — the Raiders signed a similar agreement before successfully building their stadium — it’s still not a great look.
  • There have been a bunch of town halls in D.C. around the proposed $7.5 billion–plus Washington Commanders stadium project subsidy, and while there are people on both sides, one comment from Frazer Walton, a member of the Kingman Park Civic Association, is worth particular attention: “I absolutely support using public funds. I absolutely support seeing millionaires come to the city, so they can pay some of these taxes for us.” That is absolutely not how taxes work and D.C. officials haven’t even released consulting-firm numbers about how they pretend they will, and it makes the case better than I can that D.C. is better off using that money for its education budget, clearly its schools aren’t doing the job they need to.
  • Orange County Mayor Jerry Demings says if wannabe Orlando MLB team owner Rick Workman wants county land for a stadium, “I don’t think we should donate land to billionaires or to wealthy people. They, if anything, have to compensate the people for the land.” D.C. officials, see how it’s done, is that really so hard?
Share this post:

Friday roundup: Missouri multi-stadium bill caught in party crossfire, Browns threaten not to ask county for $187m

access_time personNeil deMause

Here we are at the end of another programming week, and this being May and May being springtime and springtime being when state legislatures are in session, the news roundup is once again a lot. Which stadium proposals will live, and which will die, and which will die but be brought back to life like a key member of the bridge crew? Let’s recount the clues:

Share this post:

Friday roundup: Bengals want $350m in stadium money from Ohio, A’s still insist Vegas stadium is happening for real

access_time personNeil deMause

The spring legislative season is always exhausting, but at least we’re already up to … April 11, is that all that it is? At least we can hope that all the team owners lining up for stadium and arena money have already gotten their bills submitted, though plenty of subsidy demands have emerged this late or later: Today is in fact the second anniversary of the Maryland legislature approving $1.2 billion in public money for renovations for the Baltimore Orioles and Ravens (a number that would eventually grow to an unlimited number depending on how much in taxes comes in) essentially without warning, so it wouldn’t be that much of a shock to see a surprise demand emerge from out of nowhere.

And speak of the devil:

  • Hamilton County and Cincinnati Bengals owners the Brown family have declared that if the state of Ohio is set on giving $600 million in tax money to the Cleveland Browns for a new stadium, it should also give $350 million to the Bengals for renovations. The entire renovation plan would cost $830 million and would include a new scoreboard, suite upgrades, new roof canopy, new seating, and improved walkways, escalators, and elevators — which sounds like a lot for that work, honestly, unless the suite bathrooms would be getting diamond-encrusted faucets — and would presumably include county money as well, though officials didn’t specify how much. “Our lease ends before theirs,” griped Hamilton County commissioner Stephanie Summerow Dumas. “Just wondering why is there so much focus on the Browns.” (Hmm, can’t possibly imagine why.) No word on whether the Bengals owners would tear up that insane state-of-the-art clause in their lease as part of the deal, you would think that would be important to ask, I’m looking at you, Cincinnati Enquirer.
  • Newly appointed West Sacramento Athletics president Marc Badain has declared that the team is still on track for a June groundbreaking for its Las Vegas stadium, blaming “skeptics” and “negativity” for the idea that John Fisher may not be able to find $1.15 billion in construction costs on top of the $600 million he’s set to get from the state of Nevada. “There’s a lot of people that make a living out of questioning the success of sports venues and what they actually do for a community,” said Badain, and while on the one hand I feel seen, I do question his description of this as “making a living,” as well as questioning whether a groundbreaking actually means you’re going to build a stadium given that just about anyone with a few shovels can hold one — whoops, there I go with the skepticism again, Badain sure has me pegged!
  • The Denver city council has some skeptics about spending $70 million for land and infrastructure for a NWSL stadium, with councilmember Sarah Parady saying, “We are facing the collapse of global financial markets. … I think we’re gonna be sitting here in a year [and] we will have paid in our amount of money from our incredibly scarce dollars that we are going to need for so many fundamental needs in the city.” Also concerning is the estimated additional $80 million in property taxes the city would be giving up by agreeing to buy and own the land under the stadium, according to  University of Colorado-Denver economist Geoffrey Propheter, who is not only a local but also the expert in calculating such things.
  • Just a few months after $900 million in tax money was approved for upgrades to the Utah Jazz and Utah Hockey Club‘s Delta Center and the Salt Palace convention center, Utah Gov. Spencer Cox’s office abruptly expanded the project’s TIF district last Friday to also redirect taxes from two luxury hotels, an apartment tower, and parking facilities on an adjacent block, providing an additional $59 million in tax money kicked back to the developer, according to Propheter. (That developer would be Jazz and Hockey Club owner Ryan Smith — quelle coincidence!) Then on Tuesday the Salt Lake City council unanimously approved creating the embiggened tax district, with councilmember Victoria Petro bemoaning that “we had no options” but adding that “there is no decimal point here that has been taken with anything less than the gravest consideration,” assuming the gravest consideration can be applied in just two work days.
  • “Salt Lake Bees’ new stadium in Daybreak expected to bring economic impacts, growth to local businesses” was the headline on Utah’s ABC4 website on Tuesday, and if you’re wondering “expected by whom?” and your guess was the owner of a single local coffee shop, you’re a winner!
  • Bridgeport, Connecticut now has an idea for how to pay for a $75 million minor-league soccer stadium, and it’s a TIF district, surprise, surprise. Also the full cost would now be $100 million, and would involve additional state money as well, but who can put a price on being one of the umpteen million cities to have a team in one of the nation’s two warring sets of soccer leagues?
Share this post:

Friday roundup: Bucs want “major renovation,” won’t say yet who’d pay for it

access_time personNeil deMause

Today’s main event will be the liveblog of day two of the sports economics conference at the University of Maryland-Baltimore County, which tons of presentations on stadiums and stadium-adjacent topics, but first here’s the regular Friday weekly news r0undup, written entirely on Thursday! If anyone’s roof blew off this morning, it’ll just have to wait till Monday.

  • Tampa Bay Buccaneers owner Joel Glazer wants a “major renovation” of his stadium once the Bucs’ lease expires in 2028, funded by, uh: “We’re going through a phase right now where we’re assessing the stadium and what might be needed. And I know [Hillsborough County and the Tampa Sports Authority are] assessing the stadium and what might be needed, and once both of us are done with our assessments, then we come together and go talk about it, work through things.” Asked last summer about Bucs stadium funding, Tampa city spokesperson Adam Smith said team execs “haven’t approached the city about anything like that” and “we don’t expect them to”; either that was code for “paying for this is the county’s problem” or Smith really believes in the power of positive thinking.
  • Unlike the [Sacramento] Athletics, the Tampa Bay Rays have managed to sell out their 10,000-seat minor-league stadium in their opening series, even at prices running more than $100 for every seat that comes with an actual seat. Tampa Bay Times columnist John Romano blames this on the Rays needing to make up for “a potential loss of revenue from ticket sales, concessions, luxury boxes and the associated costs of relocating for a year,” not the desire to capitalize on artificial ticket scarcity. It’ll be interesting to see if those high prices hold up once the Florida summer heat hits — for what it’s worth, there are still plenty of seats available for next week’s series against the Angels.
  • Speaking of the Rays, the clock officially ran out on their St. Petersburg stadium deal on Tuesday, and now owner Stu Sternberg is free to shop around for another city that wants to give him a billion dollars. Anyone? You in the back? You were just stretching your arms? I see.
  • Cincinnati Bengals VP Katie Blackburn was asked what’s up with the team’s lease that’s set to expire in 2026, and replied, “We could, I guess, go wherever we wanted after this year if we didn’t pick the up option up. So, you know, we’ll see.” NFL move-threat stan Mike Florio of NBC Sports called this “a powerful, loaded comment“; one might also argue that it’s exactly the kind of vague non-threat threat that you issue when you don’t actually want anyone noting that no cities have newer stadiums ready to offer. Potato, potahto!
  • The Jacksonville Jaguars need a place to play for two years while the city of Jacksonville is paying for stadium upgrades, so they’re asking Orlando to play them to play there, cool, cool.
  • A Massachusetts judge ruled that the demolition and reconstruction of White Stadium for the Boston Legacy F.C. can move forward, though opponents say they’ll continue to fight against it. (Boston Legacy, btw, is the new name for the much-derided BOS Nation F.C. women’s soccer team, presumably meant to honor the easiest way to get into Northeastern.)
  • Chicago Bears president Kevin Warren says the team is now focused on building a stadium in Arlington Heights, except for the portion of its focus that is on the Chicago lakefront. More news as actual news comes in, not just attempts at leverage plays.
  • Los Angeles elected officials are finally starting to get steamed about how the 2028 Olympics are being planned in a city that is recovering from disastrous fires, though so far it seems to be mostly about where the sailing competition will be held. If history is any guide, the real outrage won’t come until the Games actually begin.
  • Wondering how the affordable housing promises attached to the Brooklyn Nets arena are going? Does “Empire State Development (ESD), the gubernatorially controlled authority that oversees/shepherds the project, says it might enforce the $2,000 a month penalties for each unbuilt apartment, though that process may be fraught” answer that question? If you’re wondering why ESD only “might” enforce the penalty clause that was designed to make sure developers actually build what they promised, ESD VP Arden Sokolow says that if the state fined them, “you wouldn’t be getting any housing there,” whereas this way … oh, would you look at the time, we’ll have to cut off questions there!
  • Former Anaheim mayor and illegal helicopter registrant Harry Sidhu was sentenced to jail time for deleting emails to hide them from an FBI investigation into soliciting bribes related to a proposed Los Angeles Angels stadium deal — if you had “two months in federal prison plus a $55,000 fine” in the betting pool, you’re a winner!
Share this post:

Friday roundup: Angels owner could be skimping on stadium repairs, St. Pete may send Rays owner a bill for their wasted stadium time

access_time personNeil deMause

Hey, did you hear the one about the time that then-New York governor and now-New York City mayoral candidate Andrew Cuomo gave two of Elon Musk’s cousins $750 million in public money to open a solar-panel factory that ended up not making any solar panels but just re-sold another company’s solar panels for twice as much per watt as the national average? Me neither until recently — consider it bonus topical content.

Meanwhile, back in the now:

  • Anaheim city officials have no idea how much maintenance work is needed at city-owned Angel Stadium because the Los Angeles Angels‘ lease doesn’t require them to tell the city about repair needs, but it could be “hundreds of millions of dollars” worth, according to state auditors. They suggested either asking Angels owner Arte Moreno if the city can do occasional inspections or maybe seeking a court order. It’s important because Moreno is on the hook for certain maintenance costs, while others would fall on the city; the Angels owner recently said, “I’m not going to put $200 or $300 million into a stadium that a city owns without any of their participation. Maybe we’ll get a new mayor and council that wants us to stay,” which is not exactly a commitment to live up to his lease obligations.
  • Pinellas County is considering sending Tampa Bay Rays owner Stuart Sternberg a bill for county time and money spent on the St. Petersburg stadium deal Sternberg ultimately backed out of, and St. Pete Mayor Ken Welch said the idea “has merit” and he may do the same. “Yeah, why not?” remarked county commission chair Brian Scott, who was previously for the stadium deal. “When we find out what that is, we’ll send them an invoice.”
  • Ohio Gov. Mike DeWine still wants to raise sports gambling taxes to raise $600 million toward a Cleveland Browns stadium (and more toward other future stadiums), but the state legislature still prefers its omni-TIF idea to do the same, and DeWine hasn’t said he’ll veto the legislature’s plan. As for the idea of just not giving Browns owners Jimmy and Dee Haslam $600 million to move from one part of the state to another, no one (besides state house Democrats, but who cares about them) seems to be interested in that, way to go, Ohio.
  • Bexar County, the city of San Antonio, and the Spurs owners have signed a nonbinding agreement not to use county property taxes to fund a new $1.5 billion basketball arena, instead relying on hotel and car rental taxes, which, uh, was the plan all along? Could this nonbinding agreement just be a way to get headlines like “Bexar County agrees not to use property taxes to fund new Spurs arena”? Surely elected officials would not be that cynical!
  • Kansas City Royals owner John Sherman says he has “multiple [stadium] opportunities on both sides of the state line,” because of course he does, he wants to be a savvy negotiator, after all.
  • The USL is expanding to compete directly with MLS and adopting promotion and relegation even, and you know what that means: lots of new stadiums! Modesto, California gets one, and Rogers, Arkansas gets one, and Albany, New York gets one, and by “gets one” I mean of course “gets to help pay for one,” that’s just the price of doing business in a world where there are now two leagues that could be forced to compete for the right to play in markets, hmm.
Share this post:

Friday roundup: Rays, Coyotes, A’s fiascos keep on fiascoing

access_time personNeil deMause

All kinds of news of the week to cover this morning, and I already lost a couple of hours getting up early to yell at my senator’s window about this fiasco. Let’s start with the Tampa Bay Rays‘ own fiasco, and then work backwards:

Share this post:

Friday roundup: A’s hire ex-Raiders stadium czar, Texans want renovations paid for by somebody

access_time personNeil deMause

It’s been another week, and, yeah, it sure has. Feeling this very strongly this morning, you all go on ahead and read this week’s bullet points while I get my second wind.

  • The Athletics have new Las Vegas stadium renderings (pretty similar to the last batch, only with more entourage) and a new president, Marc Badain, who formerly worked in the same role for the Las Vegas Raiders before abruptly quitting. Badain’s role in getting the Raiders’ stadium built (with $750 million in public money) and the fact that the Nevada legislature is coming back into session this year have people speculating that Badain could be on board to go back to the state for more cash to fill owner John Fisher’s budget hole; there’s no actual evidence that’s in the works that I can tell, but this entire project has been little more than tea-leaf reading for close to two years, why stop now?
  • New Houston Texans president Mike Tomon says he doesn’t want a new stadium, just renovations to the old one. The Houston Business Journal reports: “As far as funding potential renovations to NRG Stadium — which, coupled with projects around NRG Park and maintenance, could cost billions of dollars — Tomon said it’s too early in the process to determine what that would look like.” Lobbying strategy still hazy, ask again later.
  • The A’s and Tampa Bay Rays playing in minor-league stadiums this year are “cautionary tales of what happens when big, complicated challenges are met with half-measures and inaction,” writes ESPN’s Jeff Passan, who apparently missed the parts about how the A’s are in Sacramento because they alienated Oakland officials enough to torpedo talks of a lease extension there and the Rays are in Tampa because a hurricane blew their roof off, and neither of those things would be changed even if local officials hadn’t engaged in “inaction,” which they actually didn’t. Friends don’t let friends read Jeff Passan think pieces, is the lesson here.
  • San Antonio’s “Project Marvel” that would include a new Spurs arena, convention center expansion, and other crap has “tepid” 41-36% support, according to a new poll. The plan could be up for a public referendum as soon as this November, so that undecided 23% should start reading up on the details ASAP.
  • The San Jose Giants have agreed to extend their lease from 2027 through 2050 in exchange for $5 million in public stadium upgrades, and I’m going to go out on a limb and call this not that bad — the Single-A team has even agreed to double its rent payments from $20,000 a year to $40,000, which is next to nothing but not completely nothing. It’ll probably come out next week that San Jose has to turn over development rights to 10,000 acres of land or something in addition, but until then I’m filing this under “could have been so much worse.”
  • Someone wrote in to Cincinnati Enquirer sports columnist Jason Williams to ask if Hamilton County residents could have a re-vote on the tax hike that is paying off the Bengals stadium, and Williams replied, not a bad idea, it could be expanded to help fund a new arena, too. Pretty sure that’s not what the letter writer meant, Jason.
  • There’s actual video of actual cranes doing actual work to build Inter Miami‘s new stadium, maybe this thing will actually open eventually, even if the 2026 target date still seems ambitious. Or it could be the latest fake video, for all we know, hard to trust anything coming out of south Florida these days.
Share this post:

Deal to spend $500m+ in taxpayer money on new Spurs arena moves ahead, judge promises it won’t cost taxpayers

access_time personNeil deMause

Bexar County commissioners took another step toward approving at least half a billion dollars in tax money for a new San Antonio Spurs arena yesterday, voting 4-1 to approve a memorandum of understanding with San Antonio and team owner Peter Holt to start negotiating terms of an arena deal. Or perhaps that should be continue negotiating terms of an arena deal, because the initial framework of a deal is already in place:

The county’s so-called venue tax is made up of two taxes: one on hotel rooms and another on car rentals. It could yield up to $397 million in revenue if the hotel occupancy tax remains at 1.75%, or as much as $449 million if the county asks voters to raise that tax to the maximum of 2%, County Manager David Smith told commissioners early this month….

Aside from the venue tax, the new Spurs arena could be financed with other pots of public dollars, such as revenue from the city’s project financing zone and increases in property taxes within a tax increment reinvestment zone.

The hotel and car rental taxes appear to be headed for a public referendum, possibly in November, otherwise next May. The TIF district and project financing zone (basically a TIF for business and hotel taxes) wouldn’t have to go through a public vote, but would require the approval of the city council or county commission.

The total public outlay from all this is as yet undetermined. (The city is also considering gifting Holt a publicly owned golf course, market value likewise undetermined.) But it’s not stopping proponents of the arena project from saying it’s clearly better than the current situation, where the Spurs are forced to play in an ancient 23-year-old arena that is practically falling to bits, probably:

The county would need to pour about $78 million into improving the Frost Bank Center through 2029, Mike Wooley, co-founder of Venue Solutions Group, told commissioners Tuesday. The venue would require about $245 million worth of improvements over the next 20 years — if it continued hosting an NBA team.

The San Antonio Express-News doesn’t bother to ID Venue Solutions group, so let’s look them up: They were “launched in 2011 by three industry professionals with over 65 years of collective experience in the public assembly facility industry” (names of said professionals not included on the company website) and have done “facility condition analyses” for a bunch of different arenas, though when you click on “view case study” no actual studies are available. So while county judge Peter Sakai and county manager David Smith both said that’s $245 million the public wouldn’t have to spend on arena improvements if they built a new arena, there’s no way to tell how much the public would have to spend on improvements for a new arena, which in 20 years would be almost as old as the one the Spurs owner is desperate to get out of now.

But anyway, spending [insert large number here] dollars of tax money on a new Spurs arena to replace the one that was opened during Season 14 of The Simpsons won’t cost taxpayers anything, promises Sakai, because reasons:

Sakai made clear numerous times that putting this on the backs of County taxpayers is a non starter for him.

“For me to continue to have the county be invested, no homeowner property tax,” he said. “It cannot fall on the seniors. It cannot fall under disabled. It cannot fall on the veterans who are on fixed income. That’s that’s a deal breaker for me.”

Well, that’s okay then! Wherever the money comes from, it won’t take away from money for seniors or the disabled or veterans or adorable puppies, because they’ll have just as much public money at their disposal, from all the magic beans that will come with this deal, once it’s negotiated, for sure. Also, Sakai promises, the current Spurs arena will remain “sustainable and viable for the long term” and won’t “turn into the next Astrodome” — because that always works out well.

Share this post:

Friday roundup: Browns officially demand $1.2B in tax money, DC and San Antonio residents call out public cost of sports plans

access_time personNeil deMause

And how’s your city’s week going? That good, huh? It’s going around.

I would share more Bluesky snark with you, but there’s stadium news to be gotten to:

  • The Cleveland Browns owners have formally issued their request for funding for a $2.4 billion domed stadium in Brook Park, and it includes $1.2 billion in taxpayer money. (The breakdown is $600 million state, $178 million county, $422 million city, if you’re an Ohioan and are wondering which of your government budgets the money would be coming out of. Also, though it’s being described as “new tax revenue,” it really isn’t; hey there, Casino Night Fallacy!) Team owner Jimmy Haslam is describing this as a “50/50 public and private partnership,” though of course that’s only on the spending end; the chances of taxpayers getting an equal cut of stadium revenues are estimated as ROTFL. At least one of the elected officials being asked for cash was extremely unenthusiastic: Cuyahoga County Executive Chris Ronayne, who has stated that he’d rather the Browns remain within the city of Cleveland, said, “We have to throw a flag on the play” and “it’s a Hail Mary to throw out numbers that don’t square,” sorry, we’ve reached our maximum daily exposure to football metaphors, we’ll have to pick this up again next week.
  • D.C. Mayor Muriel Bowser told a community meeting that she wants to build a Washington Commanders stadium at the RFK Stadium site, and according to WTOP, “When someone asked whether Bowser would commit to not offering a subsidy, she said no.” News reports didn’t describe the crowd reaction to that non-pledge, but given the overall skepticism about a stadium plan expressed at the meeting, we can picture it for ourselves.
  • Speaking of resident reaction, “‘Highly speculative’: Residents bristle at lack of answers on funding for new Spurs arena” is a pretty evocative headline, well done, San Antonio Express-News. And unlike in D.C., in San Antonio massive public scorn matters, because the Spurs arena development plan — which goes by the truly jaw-dropping name Project Marvel — is going to require a public referendum to pass, so the Spurs owners have some bristling to address.
  • The United Soccer League says it’s planning to launch a new top-tier division in 2027 to compete with Major League Soccer, made up of some of its existing second-tier franchises and some new ones, and you know what new soccer teams means: new soccer stadium demands! USL officials talked a lot about how the U.S. needs a system more like Europe, where there are tons of soccer teams in cities large and small, but left out the part about how those teams’ stadiums are typically built without large public subsidies, curious, that.
  • And speaking of soccer stadiums, a clown study by the Connecticut Center for Economic Analysis claims that a new soccer stadium in Bridgeport would “generate $3.4 billion in economic output and sustain 1,300 new permanent jobs annually until 2050.” Wait, 1,300 permanent jobs annually? Like, 1,300 jobs one year, then another 1,300 jobs the next? It will not surprise you to learn that the Connecticut Center for Economic Analysis is connected with UConn’s business school, not its economics department, though it may surprise you that the report was apparently issued last August but only got reported on by the Hartford Business Journal this Wednesday, slow week in the stenography industry, I guess.
  • You may think you don’t want to read a long profile of College of the Holy Cross economist Victor Matheson in the school’s magazine, but what if I told you he provides scientific tips on which lottery numbers to avoid picking? Matheson also discusses stadium funding (“Let’s just say that I’m fairly happy that I have long-term job security as a critic of spending massive amounts of taxpayer money”) and the fact that he wears a different soccer jersey to class each day, which, yes, requires a lot of soccer jerseys.
Share this post: