Since Portland passed a law to help bring an MLB team, the Trail Blazers would like some more money for Moda Center
Now, the Portland Trail Blazers would like some of that money. According to OregonLive, the Blazers want an “estimated $20 million per year” to be given to them “from the state’s general fund.” The team claims that this allows them to start a $600 million renovation of the current arena. However, as OregonLive notes, the Blazers' situation is not similar to last year's MLB giveaway. The NBA team's players/staff have already been paying “into the state’s general fund” since 1970. If the Blazers…
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Isn’t it great when sports owners announce upgrades to their arena while contributing little to nothing themselves?
In Utah, the Smith Entertainment Group owns the local NBA and NHL teams. In order for this group to get almost a billion dollars from taxpayers to pay for upgrades to the current arena, the Group pledged to pay $3B dollars of their own money on upgrading the arena and renovations outside the venue. Only problem? Nobody knows any details about this pledge to pay $3B dollars. Can he walk away from this? Is it in writing? Is it just something he may not want to do in a few years? Who knows?
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After being told that a Final Four would bring trillions to the area, the city of Glendale accepts that they made almost nothing off it
Last year, Glendale, Arizona was told that it could make $270 million dollars in economic impact from hosting a Final Four event in 2024. This year, some groups mentioned the possibility of the state making an impact between $250-$300 million from the Final Four. Others believed it was possibly for the state to bring in over $400 million dollars. The 2017 Final Four in Arizona brought the state $324.5 million dollars of economic benefits. Where did that money go?
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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 bill. Many other city and state political leaders agree, and expressed to a…
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