Tag: General Fund

Ballpark

The Anaheim Angels must keep their ballpark in “first class” condition. Why can’t cities & counties use the Angels definition of first-class?

The Anaheim Angels need to be held to the same standard as sports teams holding their cities when the government handles the facility. However, it shouldn't come as much of a surprise to see some local leaders appearing to give the team ways out of their lease agreement. Others suggest the ballpark is, in fact, a first-class ballpark right now. One City Councilman told a local media outlet that the lease agreement to him seemed…

William Neilson Jr.
Arena

Applied Economics teaches the Sacramento Kings how to polish a small turd into a large diamond

Didn't Sacramento arena critics foresee this exact issue in 2013-2014, when the deal was being discussed publicly? Why yes, they did. Not to worry, though, as “city officials…insisted it wasn’t likely” that the city would ever need to dip into their general fund since parking revenues would always cover the yearly bond payments. You see, the arena deal “protects the general fund” as arena supporters claimed in 2013.

William Neilson Jr.
Arena

Little Caesars Arena was going to change Detroit per the Ilitch Family, then it did nothing

Back in 2014, the city of Detroit was debating what to do with their old arena that the Detroit Red Wings played in. On one hand, they could do nothing and let the Red Wings figure out what to do on their own. On the other hand, they could give the Red Wings owners, the Ilitch Family, hundreds of millions of taxpayer dollars to build a new arena. When the Ilitch family initially proposed a…

William Neilson Jr.
Arena Ballpark Stadium

When Utah Leaders say that taxpayers “will not” pay for a ballpark, they mean that $900 million taxpayer dollars will be used

Over the last few months, more and more stories have been popping up online that discuss whether Salt Lake City or the state of Utah should build a ballpark for some future MLB expansion team. Utah residents have therefore been asking local leaders who exactly would be paying for such a project. Rep. Ryan Wilcox, R-Ogden, has an answer. He wants residents to know that local taxpayers will not be left on base holding the…

William Neilson Jr.