Taxpayer-subsidized stadiums have long become a substitute for anything resembling urban policy in the 21st century. And now as roads, bridges, and humanitarian shelters decay, they stand exposed as neoliberal Trojan horses that take public dollars and magically transform them into private profit for billionaire sports owners. They are a scam, a con, and, not surprisingly, a grifter like Osteen has long had his hand in this honey pot.
According to a 23-year-old Florida law that has been mostly ignored, professional sports facilities built with the help of government funds are required to house the homeless on nights when no official events are taking place.
Rosentraub) Cities are being forced to gut budgets for non-essential items like schools, police, road repair and so on in order to fund impoverished sports franchises, and the sweetheart stadium deals the sports teams negotiated. … Mark Rosentraub, the author of the book “ Major League Losers ,” said that many of the stadium deals included “revenue bombs,” with financial traps like balloon payments on debt in later years and sweeteners like the Hamilton County property tax rebate to win public support.
The gig found the Clash opening for the Who on the latter band’s “farewell” tour, and features a wealth of favorites, from “London Calling” and “Police on My Back” to “The Magnificent Seven” and “Clampdown.” The band, which at the time was touring in support of its recent album ” Combat Rock ,” also offered up the singles from that effort, “Should I Stay or Should I Go” and “Rock the Casbah.”
Corporate tax incentives are a dubious business. The giveaways frequently serve no higher purpose than rewarding businesses for moving where they already plan to move or creating jobs they already plan to create
Wealthy nonprofits with expensive real estate use and benefit from the same law enforcement, fire protection and other basic services as other property owners. These nonprofits may not principally use their real estate to make money, but neither do most families.
If I wasn’t such a lazy blogger, these would be full-blown posts, interspersed with actual thoughts of mine, but I am, so belly up to the blog bar…
Music Monday continues with the never-ending struggle of Republicans to drape themselves with the coolness of liberal-leaning rock musicians…
Yesterday, I was working in my my (digital) darkroom, and needed to come up with a title for a photograph that revolved around a revolver. My first thought was “Happiness is A Warm Gun”, because that is such a great song, but then my mind wandered…
The corporate vampires have such a low tax burden, despite their profitability, they cannot “take advantage of incentives negotiated with the state”. Right, here is their great idea. Create even more incentives negotiated with the state, with a half-hearted promise to keep the headquarters in Chicago. There is no language in the bill that even requires ADM to create the jobs the $30,000,000 is allegedly buying. In other words, if the bill passes, and in 2014, ADM decided to move to Mississippi, well then, this was all for nought.
and those evil, greedy workers are always the problem. How dare they depend upon $19,000 a year pensions – that they paid with their work for 20 years or longer – when corporations need free cheese! $80,000,000,000 a year in free cheese – cheese that could be spread elsewhere…
To amuse myself, I make iTunes playlists. Below the fold is a playlist honoring the rain. I tried to remove all the “train” songs, and “brain” songs, and “Lorraine” songs, and so on, but maybe a few linger. On the other hand, I left “rainbow”, and “raincoat” because, you know, that’s close enough. Stay dry! or stay wet! Did I miss any?
Talk about stupid moves: the New York Times reported today that Joe Ricketts, founder of TD Ameritrade, and patriarch of the family that owns Wrigley Field, is planning to spend at least $10,000,000 on attack ads targeting President Obama, bringing up old smears, and doing whatever nasty tricks the PAC can come up with to defeat Obama.
Except that the Chicago Cubs are trying to get money from former Obama Chief of Staff, and current Chicago Mayor, Rahm Emanuel, to pay for renovations on Wrigley Field. Ooops.
Another entry in the stadium boondoggle file – an already-overstuffed folder full of corporate welfare for the 1%. They get to own the teams, act like big shots, but we the taxpayers get to pay the debts.
Don’t know which is worse: the major league sports stadium boondoggle, or the corporate welfare boondoggle? They might be tied. While the subpoenas issued by the SEC do not explicitly detail the purpose of the investigation, the feds’ motives are evident: They want to understand how, exactly, a group of county commissioners agreed to fund 80 percent of the Marlins new stadium, which cost more than $600 million, without ever seeing the team’s financial records – and whether bribes had anything to do with it.