opivy
Sauce King
http://espn.go.com/nhl/story/_/id/9506294/michigan-board-oks-new-red-wings-arena-detroit
Looks like the cities bankruptcy has no impact on the arena.
Looks like the cities bankruptcy has no impact on the arena.
All I know is that if I was a Detroit resident, I'd be seriously pissed.
Since I don't know the business side as much, how many owners in the league own their building outright?
Does it matter?
Why is the public funding private enterprise?
Because the public has funded public pensions and salaries for 30+ years under corrupt agreements?
There's a massive shift in tax burden going in Michigan right now.
We don't have enough money for school districts and roads, but we've got money to eliminate the business tax, the personal property tax, and to invest in a scheme that benefits one of the richest families in Michigan....
If Ilitch can't pay for it himself, why is he even in business?
Wow just saw this news on TSN here in canada. And using some taxpayers dollars? Weird.
If I understand if correctly they're using state tax dollars and not money from Detroit it self.
They're trying to pump an entertainment district in Detroit which includes all of the sports teams in Detroit along with the major venues and restaurants. The idea of consolidating makes things easier and therefore safer for Detroit's police force which is already stretched thin.
We're talking about downtown businesses' property taxes, which have already been set aside for downtown development. That money will either go towards this or probably nothing. Would it be better to see the money go towards things like: police, fire, schools or hospitals? Sure, but you know that's not how things work especially with someone like "the tough nerd" in charge.You don't understand it.
These are Detroit dollars.
We're talking about downtown businesses' property taxes, which have already been set aside for downtown development. That money will either go towards this or probably nothing. Would it be better to see the money go towards things like: police, fire, schools or hospitals? Sure, but you know that's not how things work especially with someone like "the tough nerd" in charge.
I have been listening to Detroit radio the past few days and everyone (even left wing liberal radio like Jonathan Kinloch on WDFN) is supporting this project. The fact that 50% of the construction jobs will be "union jobs" and go to Detroit residents has won the other side. Government/Corporate welfare at its finest but that's how things go in this country. Sacramento, Glendale, Miami... and the list goes on. Seattle was the only city that said no to public financing for a new arena and look what happened to the Sonics.