Monumental Sports lies about having the highest amount of private funding. Then deletes the post.
Monumental Sports was trying to claim on social media that the financing for the proposed arena would include the most amount of private funding for any project in recent memory and one of the least amounts of upfront state cash. One problem? It isn't remotely close to being true.
Read More
Teams continue to make millions yet want their property taxes slashed
The city assessed the property value where the arena was built along with surrounding developments at $1.7 billion for tax purposes. The Warriors are asking the city to lower that assessment by just a little.....a billion dollars, that is. The Warriors believe the property value is at $706 million for 2022, which is $1 billion less than the city's value and would save the team over $11 million in property taxes for 2022.
Read More
