Negotiations continue to happen in secret across the country, all without the public seeing or hearing about it
This is not going to shock anyone. Sports owners hate when their plans are released and looked at intensively. Have you ever read a sports venue agreement? Try reading the Potomac Yard Economic and Fiscal Impact Study from the failed Capitals/Wizards to Alexandria, Virginia proposal. The agreements are almost impossible to read and understand unless you read these types of documents daily. This is why billionaire owners aren’t always forthcoming with initial sports venue details. A professor of…
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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.
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