Louisiana to throw even more public money at Saints to tack five more years on their lease

Thanks to everyone who’s expressed concern about my health in comments — I’ve been testing negative for COVID since Wednesday and am slowly regaining my stamina, so looks like I’m in the clear until the next time I get this virus or whatever comes next.

While we’re all still waiting to be struck down by whatever diseases we’re bringing upon ourselves, we still have lots of other crises to keep an eye on — like, for example, the question of how much public money the state of Louisiana will have to deliver to New Orleans Saints owner Gayle Benson this time to get her to extend her Superdome lease. New Orleans Times-Picayune columnist Jeff Duncan says a blank check is fine with him so long as it keeps the team in town:

The New Orleans Saints and state officials are close to an agreement on a long-term deal that will keep the team in Louisiana for the foreseeable future.

The agreement would extend the team’s lease at the Caesars Superdome through 2035 and include multiple five-year options that could bind the team to Louisiana for two decades beyond that…

Unlike our peers in Jacksonville and Kansas City, we allow our appointed elected officials to handle these high-stakes lease negotiations in private. … Above all, keeping the Saints in New Orleans has to be the top priority. The team is too valuable to the city and state to leave any wiggle room.

Duncan goes on to write that “it’s incumbent for state officials to strike a deal that maintains the best interests of state taxpayers” and then in the next sentence that “recent stadium deals in Buffalo, Jacksonville and Tennessee provide a useful blueprint,” which is slightly contradictory in that the BillsJaguars, and Titans deals are all sterling examples of deals that were not in the best interests of state taxpayers. But they did include non-relocation clauses in exchange for the billions of dollars of public spending they included, so if that’s all Duncan cares about, then I guess he could do worse for models.

If it feels like we just went through this with the Saints, we pretty much did: The state just approved $300 million in public spending on the Superdome in 2019, in exchange for what turned out to be only a five-year lease extension until 2030. Then earlier this year Benson balked at spending the $200 million she had agreed to as part of the deal, something that Duncan reports team and state officials have “made significant progress” on, though apparently he means that as part of getting Benson to pay what she already owes, she’ll get gifted more public money for her next lease extension.

How much this next round will amount to is unknown, thanks to Louisiana’s patented ability to conduct these negotiations in private and its sports columnists’ disinterest in doing any investigative work to find out what’s being discussed. The Superdome already cost $163 million in state money to build in the 1970s and has received more renovation subsidies than I can count, including that time Louisiana was paying the Saints to play in the dome and then replaced that with a deal where it was guaranteeing the team’s profits. I know that I previously singled out Indianapolis as the poster child for sports grifts that keep on giving, but you gotta give New Orleans its props as a serial subsidizer, too.

Share this post:

After getting $300m in state renovation money, Saints owner balking at paying her share

It seems like the New Orleans Superdome gets a major renovation every five years or so, with the latest one, a $500 million upgrade (originally $450 million, but I guess that was before fees), underway since 2020. The state of Louisiana is putting up $300 million of the cost, which leaves Saints owner Gayle Benson to pay the other $200 million, something it turns out she hasn’t been doing:

Members of the commission, formally known as the Louisiana Stadium and Exposition District, or LSED, were informed at a board meeting Wednesday that the Saints haven’t paid their share of the massive renovation project since December, and currently owe $11.5 million to the commission, which has been covering the bills to date.

The holdup, according to the New Orleans Times-Picayune, apparently has to do with the Saints’ lease, which was only extended five years until 2030 as part of the renovation deal, making it the second-priciest per-year lease extension subsidy ever. The Saints front office is still haggling with the state over terms of a longer lease extension, and the T-P reports that unnamed sources say “the payment dispute is directly tied to those talks,” though it’s unclear why Benson thinks it’s okay to renege on payments agreed to in your last lease extension as part of talks for a new lease extension. (In a statement, the Saints ownership said it was withholding payments while waiting on “certain documentation.”)

All this is of some urgency because next year’s Super Bowl is scheduled to be played at the Superdome, and work remains to be done on widening concourses, extending suites, and adding a new club and new bars. If the brinksmanship continues, would Louisiana taxpayers be on the hook for fronting the money for those upgrades? Would the NFL consider switching hosts for next year’s Super Bowl if the upgrades aren’t complete? Is $11.5 million a piddly amount of money to worry that much about, in comparison to the $300 million in public subsidies already approved and whatever taxpayers are likely to be on the hook for with the next lease extension? Possibly, who knows, and probably, but it’s a good reminder that the answer to the question of how much a particular stadium will end up costing the public is usually “more than you think.”

Share this post:

Friday roundup: Bills reveal new stadium could cost $1.5b more than renovations, Jays mull SkyDome upgrade

Happy next-to-last Friday of 2021! Whether you’re traveling for the holidays or hunkering down to avoid spreading Omicron, Field of Schemes never sleeps, or at least not when we forgot to do an early weekly news roundup on Thursday so as to avoid having to work on Friday, whoops. But good thing we waited, because newsmakers are following their year-end tradition of making news when nobody is paying attention, so if anyone is reading this, you’re not just killing time until your Zoom holiday call, you’re sticking it to the man.

On with the show:

  • New York Gov. Kathy Hochul’s administration has finally released that 2019 Buffalo Bills study of new stadium options that she had been refusing to release, doing so on the last night before Christmas Eve, as one does when one wants news to sink without a trace. The study, by consultants CAA Icon, includes price tags for a stadium in Buffalo ($1.99 billion) and in suburban Orchard Park ($1.55 billion), as well as two renovation options for the current stadium ($1.91 billion and $459 million, depending on whether they rebuild the whole thing or just the allegedly-falling-down upper deck), and says of the project’s economic impact … wait, there’s nothing on economic impact. What happened to the promises of $793 million in increased economic activity? Did they leave those pages out? Is this yet another study, not the one Hochul has been withholding? That one was supposed to be co-written by CAA Icon and Populous, and this one just says CAA Icon, though Populous’s name is on the renderings, but anyway everybody’s on vacation now, don’t try to call for answers!
  • SportsNet reports that the Toronto Blue Jays owners have decided not to replace whatever SkyDome is called these days (I know, I know, it’s Rogers Centre, but I like to avoid corporate names wherever possible), but rather do a $200-250 million renovation that would include a “redesign of the lower bowl,” no more details available. Nor are there any reports on whether the Jays owners plan to foot that whole bill themselves or seek public money; SportsNet says “details should be wrapped up next month,” so tune back in next month, I guess!
  • Washington Football Team owner Daniel Snyder is reportedly looking at stadium sites in Prince William and Loudoun counties, according to state senator Jeremy McPike, who said Snyder could be looking at a stadium with less capacity but with a dome (retractable? he didn’t say) surrounded by development. Sen. McPike also didn’t provide any details about cost or public cost beyond asserting that “the days of taxpayer fully-funded stadiums have fully gone by the wayside” — though not taxpayer mostly-funded stadiums — but nonetheless said the idea was “something to keep our mind open to” because, uh, something about economic development impact, no followup questions, please, it’s Christmas!
  • The Advocate’s editorial board says spending $300 million in public money toward a $450 million re-renovation of the New Orleans Saints‘ Superdome is “a bargain in comparison” to losing the team and/or being ruled out for future Super Bowls, which would definitely happen because so sorry, out of room for this editorial, happy holidays!
  • Big article in the New York Times last Friday about the Arizona Coyotes situation that didn’t really break any new ground, but it does include Glendale city manager Kevin Phelps saying that he’s come to the conclusion that Coyotes owner Alex Meruelo didn’t just forget to pay his tax bill but rather has a company policy of dealing with disputes by refusing to make payments and daring creditors to sue: “It may be built into the culture and value of the organization that they can wear a creditor down and negotiate a better deal.” Try this at home with your landlords and credit card companies, kids, and see how far it gets you! As always, membership in the 800-pound-gorilla club is the gift that keeps on giving.
Share this post:

Friday roundup: How to tell a dump of a stadium from a marvel, and why “stupid infrastructure” should become a term of art

I have nothing introductory to say this week other than that I’m wondering if you kind FoS supporters would give me $2 million in 24 hours if I made more robots out of lacrosse masks. So on to the news:

Share this post:

Friday roundup: World still on fire, let’s remember 1989 when the greatest sports horror imaginable was Alan Thicke in a tuxedo

Very busy week here at FoS HQ, so let’s dispense with any introductory chitchat and get right to the news we didn’t already get to this week:

That’s all for now, see you all Monday!

Share this post:

Saints lobbied to pack fans into Superdome less than six feet apart, say #1 priority is “safety”

Sometimes when I write a post here assuming the worst intentions of sports team owners, I feel slightly bad. Sure, sports barons may have a long history of using everything possible in the pursuit of personal profit, but does that mean it’s always the case? Maybe when the New Orleans Saints owners say they’re thinking of temporarily relocating to Baton Rouge so they can have fans in the seats, they’re genuinely trying to make the best of a bad situation and not just trying to pressure the city of New Orleans into opening up the Superdome to paid attendance?

Turns out: Naaaaaaaaah.

In August, before the season began, the Saints made a pitch to Gov. John Bel Edwards for a bolder idea: 35% capacity — a plan that would put almost 24,000 fans in the stadium for games…

The plan featured a detailed “seating manifest methodology” that showed how patrons would be spaced from several angles. In all, 23,875 people would have been allowed in the stadium under the proposal, to which Edwards did not agree.

That “seating manifest technology,” NOLA.com goes on to report, was mostly based on advanced fudging the numbers, as fans would have been seated less than six feet apart, the minimum distance recommended by the CDC, even though it’s also noted that the virus can spread across greater distances “under special circumstances.” Whether those special circumstances may include football fans taking off masks to eat and cheer in an indoor stadium is not specifically mentioned in any CDC reports, but it’s certainly a concern.

Also, luxury suites would have been filled to 100% capacity, because everyone in a luxury suite can clearly be trusted to stay six feet apart and masked within their extremely indoor space, which is then only a problem if you spend several hours together there uh-oh. (An official from Louisiana’s Ochsner hospital, who argued on behalf of the Saints’ plan, said that suite denizens would be assumed to be “cohorted group,” which given that Superdome suites hold up to 24 people would require some pretty huge households.)

The 35% plan was rejected by Gov. Edwards, who later approved attendance of up to 25% at Louisiana sporting events. New Orleans Mayor LaToya Cantrell later rejected any in-person attendance, though, saying her approval would depend on whether she got more state money to help deal with the pandemic, which doesn’t actually seem like great epidemiology either. And the Saints are keeping up the lobbying just in case:

The Saints met with Cantrell, medical professionals at Ochsner and Cantrell’s medical advisors on Monday about potentially phasing in fans for this weekend’s game and beyond, [Saints spokesperson Greg] Bensel said Monday evening.

“The city continues to see COVID positivity rates remain stable,” Bensel said in a statement. “The city currently has one of the lowest rates in the nation. We all agree that the priority is to make sure our city’s residents and our fans are safe and not to regress from the progress that has been made. We look forward to providing our fans more information shortly.”

Cantrell’s office declined to comment on the matter Monday.

Keeping people safe: When has the NFL ever made anything else its priority?

Share this post:

Saints threaten to play in Baton Rouge as leverage to get Superdome reopened to fans

The battle over letting fans back into sports stadiums has so far been a matter for state politicians and team officials, who have tried to strike a balance between concern for public health and desire for private profit. But no team has succeeded in pitting two different government against each other, in a “savvy negotiator creates leverage” way, to compete for a team’s presence — until now:

Fed up with COVID restrictions that have silenced the Mercedes Benz Superdome, the New Orleans Saints say they’re considering another venue that could bring back a little noise.

LSU and Baton Rouge say they are happy to lend out Tiger Stadium…

Officials with Visit Baton Rouge say even a few extra Saints fans could bring in big business for the city…

“Obviously it would be the biggest single event that would occur, or episode to occur in Baton Rouge during this pandemic,” said Paul Arrigo, President & CEO of Visit Baton Rouge.

Some background: New Orleans Mayor Latoya Cantrell has issued much tougher measures on public events, mask-wearing, and other Covid prevention methods than the rest of the state, creating what one disease expert called an unintentional controlled experiment in the efficacy of anti-pandemic rules. (So far Orleans Parish is doing significantly better than the rest of the state, both in terms of total cases and recent cases.) And the Saints, of course, play in the Superdome, which is of course indoors, which is of course where the virus goes to spread. So Cantrell has steadfastly refused to open the dome to fans:

“While the Saints’ request for a special exception to the city’s COVID-19 guidelines remains under consideration, allowing 20K people in an indoor space presents significant public health concerns,” Cantrell said in a statement.

“At present, no NFL stadium in the country with a fixed-roof facility is allowing such an exception,” her statement read. “We will continue to monitor the public health data, but cannot set an artificial timeline for how and when conditions may allow for the kind of special exemption being requested.”

Playing outdoors at LSU’s Tiger Stadium actually seems like a good solution here, at least if masked (when not eating or drinking) and distanced fans attending games outdoors turns out to be safe, which we still don’t know for sure. But Saints execs seem to be using the option less as a stop-gap measure than as a saber to rattle, issuing a statement saying that their “overwhelming preference is to play our games in the Mercedes-Benz Superdome with partial fan attendance” even while they’re exploring the option of playing in Baton Rouge.

And why should New Orleans care if the Saints play in Baton Rouge temporarily? All together now: ECONOMIC ACTIVITY!!!1!

“Baton Rouge is going to get all of that money. They’re going to get all the restaurant money, all the hotel money,” said [New Orleans native and Saints fan Andruski] Austin. “They’re going to get all of that.”

Okay, so maybe asking a random Saints fan for an economic impact statement wasn’t the most expert source you could use, WWL-TV. The Saints have five home games left this season, so you’re talking maybe 100,000 fans total going to games in Baton Rouge; most of them are either going to be local or make the hour-plus drive from New Orleans, so there’s probably not a ton of hotel money at stake. Maybe you’ll get some more restaurant visits, but at most you’re talking about a couple million dollars in spending — Baton Rouge has a 5.5% local sales tax, so maybe could see $100,000 or something in new taxes as a result, which probably wouldn’t be enough to pay for extra hospital services if even a small outbreak resulted from Saints fans piling into Fat Boy’s Pizza for a postgame meal.

It’s entirely possible that none of this will sway Mayor Cantrell, and also possible that the Saints will play games temporarily at LSU and everything will be fine. But this is another worrisome data point in the trend of sports teams seeing taking on increased Covid risks as a competitive advantage — and cities now being encouraged (by the local news media and random football fans, anyway) to do the same. Letting fans back into sporting events as soon as it’s safe is a great idea; letting them back in as soon as someone is worried that they’ll be leaving money on the table if they don’t is extremely not.

Share this post:

Friday roundup: Developers pay locals $25 each to hold pro-arena signs, a smoking and farting winged horse team logo, and do you even need a third thing after those two?

It’s been another week of pretty bad news, topped off by a private equity firm somehow buying the entirety of .org domains, meaning every nonprofit website will now have to be licensed from an entity whose sole mission is to squeeze as much money from them as possible. The stadium and arena news, by contrast, isn’t all terrible, so maybe it qualifies as cheery? You be the judge:

  • The Richmond city council voted Tuesday to put off a decision on a $1.5 billion downtown development that would include a new arena (public cost: $350 million), after a contentious hearing where both supporters and opponents held signs espousing their opinions. Or espousing somebody’s opinions, anyway: Some locals holding “yes” signs later reported that the project’s developers paid them $25 a pop to do so. City council president Michelle Mosby replied that if anything people were just reimbursed gas money, which 1) only makes sense if everyone there drove their own car and had to travel like 250 miles round trip to get to the hearing and 2) isn’t really any less corrosive of democracy anyway.
  • If you’ve been wondering how Inter Miami plans to build a temporary 18,000-seat stadium in Fort Lauderdale (later to be turned into a practice field) between now and March and figured it would have to involve throwing up a bunch of cheap metal bleachers, now there’s video of construction workers doing exactly that. Also laying down the sod for the field, which I thought usually takes place after the stadium is more or less built, but I guess if they can build the stadium without treading on the field, no harm in doing so now. This all raises questions of whether the stadium will feel excessively crappy, and if not why more soccer teams can’t just build cheap quickie stadiums like this without the need for public money; I guess we’ll know the answer by springtime one way or another.
  • When the state of Minnesota agreed to pay for the Vikings‘ new stadium with cigarette revenue after electronic pulltab gambling money didn’t come in as expected, it still kept collecting the gambling cash; and now that e-pulltabs (which are just lottery tickets, only on a tablet) have taken off, there’s debate over what to do with the cash that the state is collecting, about $5 million this year but projected to rise to $51 million by 2023. The Vikings owners want the money used to pay off their stadium debt early, while some lawmakers would like to use the revenue to fund other projects or reduce taxes on charitable gambling institutions now that it’s no longer needed — all are valid options, but it’s important to remember that the state already paid for most of the stadium, this is just arguing over what to do with the zombie tax that was left over after the financing plan was changed. (It would also be nice to know if e-pulltab gambling has cannibalized revenues from other gambling options, thus making this less of a windfall, but modern journalists have no time for such trivialities.)
  • The city of Wichita is spending $77 million (plus free land) on a Triple-A baseball stadium to steal the Baby Cakes from New Orleans, and have been rewarded with the Wichita Wind Surge, a name that’s supposed to reference the city’s aviation history or something but actually means “storm surge,” which isn’t a thing that they have in landlocked Kansas? It also features a logo that looks like a horse and a fly got caught in a transporter accident, which the team’s designer explained with “The nice thing about Pegasus, however, to me, was the fact that it’s got a horse in there.” A local designer responded with a sketch of a winged horse smoking a cigarette, drinking a beer, and farting, which by all accounts is much more popular with Wichitans. (The sketch is, I mean, though I’d love to see a poll asking Wichitans, “Which do you prefer, the name Wichita Wind Surge or farting?”)
  • San Diego State University’s plan to buy the city’s old football stadium and its surrounding land for $87.7 million has hit some “speed bumps,” namely that city economists have determined that the price could be below the land’s market value and $10 million of the sale price would have to be set aside for infrastructure improvements for the university’s development. “There’s also the matter of the $1-per-month lease that, as proposed, may not adequately protect the city from expenses or legal risk,” notes the San Diego Union-Tribune. Given all these uncertainties, the city’s independent budget analyst called SDSU’s proposed March 27 deadline “very challenging,” not that that’s stopped city councils before.
  • Saskatoon has enough room under its debt limit to finance either a new central library or a new sports arena, and regardless of what you think of how badly Saskatooners need a new library, it’s still a pretty strong example of how opportunity costs work.
  • The Phoenix Suns‘ new practice facility being built with the help of public money will include a golf simulator for players, because of course it will.
  • Speaking of Phoenix, the Arizona Republic has revealed what the Diamondbacks owners want in a new stadium; the original article is paywalled, but for once Ballpark Digest‘s propensity for just straight-up paraphrasing other sites’ reporting comes in handy, revealing that team owners want a 36,000-  to 42,000-seat stadium with a retractable roof and surrounded by a 45- to 70-acre mixed-use development and a 5,000-seat concert venue and good public transit and full control of naming-rights revenue and public cost-sharing on ballpark repairs. And a pony.
  • Will Raiders football hike your home value?” asks the Nevada Current, apparently because “Is the moon made of green cheese?” had already been taken.
  • And last but certainly not least, your weekly vaportecture roundup: The New Orleans Saints‘ $450 million renovation of the Superdome (two-thirds paid for by taxpayers) will include field-level open-air end zone spaces where fans have ample room enjoy rendered people’s propensity for flinging their arms in the air! The new Halifax Schooners stadium designs lack the woman hailing a cab and players playing two different sports at once from previous renderings, but do seem to still allow fans to just wander onto the field if they want! It should come as no surprise to anyone that even Chuck D can do a better job of drawing than this.
Share this post:

Friday roundup: Saints’ $300m subsidy moves ahead, St. Louis MLS announcement on tap, Richmond council votes no on democracy

Sometimes I feel lucky to cover a topic with so many constant absurdities, and then this happens, and I realize that constant absurdities are just the new normal. Anyway, I did get to edit this this week, which is an excellent look at how this week’s absurdity is having potentially catastrophic impacts on people’s lives, so go read it!

But not before you read these:

  • The Louisiana State Bond Commission has approved selling $450 million worth of state bonds to fund renovations to the Superdome, in exchange for the New Orleans Saints signing a 15-year lease extension. As covered back in May, Saints owner Gayle Benson would cover one-third of the bond cost, leaving Louisiana to pay off $300 million, bringing the Saints’ five-decide subsidy total to a cool $1.442 billion. In exchange, the Saints will sign a 15-year lease extension — with another 15-year option, but there’s no way they’re going to extend their lease again without more subsidies the way this gravy train is rolling — which comes to state taxpayers ponying up $20 million a year for the presence of an NFL team, which is a hell of a lot of money, though not as much as Indiana pays the Pacers, because Indiana.
  • The St. Louis Post-Dispatch reported this week that St. Louis will be announced next Tuesday as the next MLS expansion city, bringing the number of teams in the league to a cool 154. (I think it’s actually 28, but honestly the number changes so fast it’s hard to keep track.) Deadspin read the announcement that there would be no public subsidies for the as-yet-unnamed team’s stadium and excitedly reported that the deal “might not completely fleece the city”; sadly, it will actually involve about $60 million in public subsidies, but since about half of that is coming from the state, not the city, that Deadspin headline is still technically correct, right?
  • The Richmond city council has voted 5-3 against allowing a referendum on the city’s proposed new $350 million city-subsidized arena on the November ballot, because voting is for elected officials, not regular folks. Though regular folks do still get to vote on electing elected officials, something that referendum sponsor Reva Trammell clearly had in mind when she said following the no-voting vote: “I hope the citizens hold their feet to the fire. Every damn one of them that voted against it.”
  • Two-plus years after the arrival of the Hartford Yard Goats in exchange for $63 million in public stadium cash — plus a couple million dollars every year in operating losses — the Hartford Courant has noticed that stadium jobs are usually part-time and poorly paid. Not included in the article: any analysis of how many full-time jobs could have been created by spending $63 million on just about anything else.
  • New Arizona Coyotes owner Alex Meruelo said he intends to keep the NHL team in Arizona, but that keeping it in Glendale is a “difficult situation,” at which point a Glendale spokesperson said that city officials would meet with Meruelo “to see how we can help him achieve his goals of success.” Which is all fine and due diligence and all, but given that helping Meruelo “achieve his goals” is likely to mean paying him money to play in Glendale like the city used to do, it’s not exactly promising; if nothing else, Glendale officials would do well to remember that Meruelo currently has exactly zero better arena options elsewhere in the state, so he’s not exactly negotiating from a position of strength.
  • Joe Tsai, who was already set to buy the Brooklyn Nets from Mikhail Prokhorov, has officially exercised his option to purchase the team, plus the Barclays Center arena to boot, for a reported $3.5 billion. Given that the arena is currently losing about $21 million a year, this seems like an awful lot of money even if the team does employ whatever’s left of Kevin Durant. Since Tsai already owns the New York Liberty, though, maybe it at least means that WNBA franchise will finally return to the city from its exile in the suburbs.
Share this post:

Saints’ latest Superdome demand to push total subsidies past $1.4b, eat that, Indiana Pacers

When I wrote on Monday that Indianapolis giving Indiana Pacers owner Herb Simon $600 million worth of renovation payments and operating subsidies to extend his lease for 25 years was setting a new standard in making sports leases the grift that keeps on giving, I figured that record would last, oh, I dunno, more that a couple of days. And yet:

State and New Orleans Saints officials are working toward an agreement that will keep the team in Louisiana through 2035 and include a transformative $450 million renovation of the Superdome, officials said this week.

The deal would extend the Saints’ current lease agreement with the state another 10 years and feature the most elaborate and expensive overhaul of the iconic stadium in its 44-year history.

It’s not quite as bad as that lede makes it sound: The Saints owners will be chipping in $150 million of the renovation cost. But still, that leaves $300 million to be paid for by the state, which for a ten-year lease extension means Louisiana taxpayers will be shelling out $30 million a year for the Saints to play in New Orleans — blowing away the Pacers’ just-established $24 million a year record.

This new agreement — which the New Orleans Times-Picayune calls “the lynchpin to a long-term agreement between the state and the team,” which is not at all how you should be spelling “linchpin” — would be, like the Pacers’ deal, just the latest in a long series of subsidies the Saints owners would be collecting from the state of Louisiana: Late Saints owner Tom Benson, in fact, pioneered the pay-to-play concept when he engineered a lease in 2001 where the state would pay him $18.6 million a year to play in the Superdome for another ten years. Then he got another $392 million in 2013, and now is set to receive another $300 million just six years later — adding in all the earlier money Louisiana spent on building and renovating the dome, the Saints’ five-decade total will come to $1.442 billion (non-inflation-adjusted dollars), which is even more than the Pacers’ $1.161 billion, though the Pacers got all their cash in the span of just 20 years, so they still take the subsidy-rate crown.

The latest Saints plan still needs to be approved by state officials — certainly the state bond commission, maybe the state legislature as well, though the Times-Picayune didn’t do any better a job reporting this than they did on their spellchecking. Gov. John Bel Edwards reportedly already “gave his blessing: to the plan, though, and given past history in Louisiana, it has to be considered likely to be approved. Some days, I feel like we’re making some headway in getting elected officials to at least check the literature on economic benefits or the lack thereof before lavishing tax dollars on the local sports team owner; other days, not so much.

Share this post: