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Sports franchises in private ownership, especially the ones that generate profits for that ownership, shouldn't get any taxpayer money, regardless of what it's for.
I understand why they are penny pinching on draft picks now. They're saving so they can chip in their 20%. Wonder if layaway plans are available.
https://www.sacurrent.com/arts/spurs...ciest-34925290
Sports franchises in private ownership, especially the ones that generate profits for that ownership, shouldn't get any taxpayer money, regardless of what it's for.
Such horse socializing cost while privatizing profit, subsidizing millionaires and billionaires at every turn is as American as school shootings and medical bankruptcies. Like Chomsky says, nanny state for the rich, tough love and market discipline for the rest of us.
Not bringing talent to the team is an excellent way to convince fans to open their wallets for a new stadium.
But the team visited Uvalde, bb! That's not worth a billion dollar handout?
I mean I'd vote them the new arena because I like the Spurs players and Pop and who the cares, our tax dollars get pissed away in even worse ways as horrible as subsidizing sports team owners is. They got us by the balls.
That's the price for keeping the Spurs or any major league team. It's the same virtually everywhere except inside Austin city limits.
Yeah you gotta be LA, NY, or SF to tell sports team owners to off and build their own damn arena. It's a great con they have going.
Fat Antonio
I don’t think they should be asking, but it would be a crying shame if the Spurs leave town in my lifetime.
I thought they were buying the land so they could make money off everything in the district?
They'll probably charge the City ground rent for the stadium the City builds for them
Is our FO the highest paid for real?
The Coach/President is, at least. Wouldn't surprise me if RC isn't the highest paid CEO in the league, but I actually have no clue.
First couple of google results say RC is the highest paid at $10M per year and Pop is second after Kerr at $16M per year.
Not bad for a whole bunch of nothing over the past 5 years.
Good thing we're saving that $6.2MM by not having to pay the #8 pick!
i;d rather vote for a tax increase that goes to a proposed entertainment district wrapped around the arena than a barn in the middle of nowhere or for another tax abatement for another Walmart or Amazon warehouse. But, yeah, we pour nothing into the education bucket (that's more state level of course) or clinics and so on and so on when it comes to where our taxes go. nice chomsky reference, though.
Wait... Spurs would pay 20% and still get 100% of the benefits???
Pls educate me on the matter lmao
It's the American way. We don't spend tax dollars on useful like modern public transportation, debt free college, and universal healthcare like you guys do, we subsidize the rich.Wait... Spurs would pay 20% and still get 100% of the benefits???
Pls educate me on the matter lmao
ing double post
And those guys always say, well "this generates XX jobs, bring XX collateral businesses, boosts traffic cultural centers, etc." There is absolute truth to that btw, but i think the math never quite adds up in the end.
New arena generating more revenue is exactly why the owners should build with their own money.
Take a 10, even 20 year loan and if it's as good as advertised, it's going to pay for itself.
Why would they do that when they can get free money from San Antonio, or from Las Vegas or Kansas City or any other number of cities if San Antonio says no?
Yeah,yeah,yeah. What year are you living in, 1988? That’s not the world we live in. You pony up, or your team leaves.
Meh it doesn't do any of that , it just shuffles peoples' entertainment budgets around so it's zero sum. Publicly funded stadiums are always big economic losers for cities.
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