It's great to have private investors but it's hard to compete privately if
your peers are being subsidized up the ying yang. And just because it's
public money doesn't guarantee the similar Red Sox/Celtics result, however,
the part about "demand..", I could see a day where public financing is
standard operating procedure with state legislator's using the leverage of
reduced or no public funds and passing such laws as demanding fighting in
hockey be a ten game suspension, requiring a specific diverse team roster,
or demanding cheer leaders for the Women's team. The NFL sticks up the
federal government for Super Bowl Security; Maybe 20 to 40M? (Any security
people here who could do a rough cut estimate?) on a game they are charging
over a million a minute for an ad. Public financing of sports teams is
going down a bad path. David Stern is maximizing his profits, partially
with taxpayer dollars.
"Orwell" <orwellnelson.TakeThisOut@usa.com> wrote in message
news:4e13eb9f-d562-4d62-850d-c6dd0ba7633e@59g2000hsb.googlegroups.com...
On Jul 13, 12:14 pm, "Jackie Langley" <jackie....TakeThisOut@charter.net> wrote:
> Coming soon to an NBA CIty near you: Hello, Mr. Mayor, err your honor!,
> This is David Stern and this is a stick up. Either you build us a new
> area,
> provide us parking revenue and give us tax free status on luxury box
> revenues, or your NBA team is moving.... What a rank move the NBA to
> remove Seattle after years of undeserved support.
The issue is that you need vision. Here in Boston, we have a
privately funded arena for the Celtcs and Bruins (Banknorth Garden), a
privately-funded football stadium (Gillette), and a baseball stadium
that has been almost completely renovated "in place" by private funds
(Fenway). All of them are hugely profitable, virtual money-machines
for the private investors. The best way is for there to be an owner
who is willing to invest in the team. If it needs to be public money,
then the public should demand the same benefits that any investor
would get.
>> Stay informed about: ESPN Bemoaning the Sonics Leaing Seattle...