Thursday, September 29, 2016

Dunedin May Not Be Eligible for $46 Million They Assumed Pinellas Co. Would Give Them

As if the Blue Jays/Dunedin far-from-finalized $81 million spring training stadium deal hadn't already created enough punchlines, how about this one I just found?

The deal may not even be eligible for Pinellas County's bed tax dollars Dunedin's mayor promised the team (without actually asking the county first)!

Now, I'm no attorney, but according to the county's Capital Projects Funding Program guidelines, the Blue Jays' offer to extend their lease by 25 years - in exchange for major expansions of their training facilities - is not long enough to meet the county's minimum requirements.

So, if I'm reading the guidelines's time for the city of Dunedin to not just go back to the drawing board on this deal, but also time for the city to bring county commissioners into the least if it expects the county to help pay for it.

Any experts wanna lend their thoughts on this?

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Wednesday, September 28, 2016

Rays Fans Still Flock to TV

Maury Brown just posted a full breakdown of every MLB team's 2016 television ratings on (save the few games that remain in the season), and while the Rays felt a sting from their terrible on-field play this year, their TV ratings were much more respectable than their attendance numbers:
  • Rays games averaged a 2.95 household rating, down 28% from last year's huge 4.12 mark, but good enough for 13th out of 29 MLB teams based in the US (Toronto's ratings work differently).
  • An average of 55,000 households - representing approximately 124,000 fans - watched the Rays each night, better than nine other teams, including the Diamondbacks, Braves, Dodgers, Angels, and White Sox.
  • The Rays were Tampa Bay's third-most popular prime-time program this year, and the region's No. 1 on cable.
The most-watched teams in their respective markets, depending on metric, were the Royals (11.7 rating), Cardinals (8.5), and Tigers (7.6)...or the Mets (2.2M households), Yankees (2.0M), and Cubs (1.7M).

Brown also reports overall television numbers are up, even as ESPN bleeds subscribers.  So even if the "cable bubble" bursts, the Rays are in great shape to parlay their strong numbers into a great new TV contract soon

We just don't know when, because pro teams don't like you knowing how wealthy they are.

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Monday, September 26, 2016

How Badly Did the Blue Jays Just Walk All Over Dunedin?

The public get its first chance tonight to speak up on the just-released $81M spring training stadium deal the Toronto Blue Jays squeezed out of the good folks in Dunedin's city hall.  Of course, the deal was done behind-closed-doors (at the request of the team)...and it's the latest example of why small cities should NEVER go it alone against the MLB behemoth...and it could also impact the Rays' hopes for a new stadium too.

But the Dunedin plan still needs the approval of the Pinellas Commission, which will be asked to foot $46 million of the bill through bed tax collections.  It may not be the most popular deal among the county's influential hotel/tourism interests, either.

The public subsidy is approx. 14 times the initial 1990 pricetag for the Jays' spring training home, even when factoring in inflation, and it comes on top of the additional $12 million the park got in 2000, also mostly paid by the county and state taxpayers.

This blog has detailed how, yes, spring training brings tourist dollars to town...but never anywhere close to as many as teams claim:
A 2013 Blue Jays spring training economic impact report - commissioned by the City of Dunedin, which is trying to get county funds to upgrade the Jays' facilities - claimed $80 million in annual economic impact. 

However, the report uses questionable methods to get to that number, including trying to take responsibility for the spending of 25,000 out-of-state visitors who acknowledged they were in Florida primarily for something other than baseball.
Now, the city did include a new 2016 economic impact report in tonight's presentation...but does it use the same faulty logic?  And who paid for it? 

Here's the full report - no mention of who paid for it (I later found the city & team split the cost).  It also seems the study may not have accounted for the fact that FANS MAY ATTEND MORE THAN ONE GAME.  Yet, it seems to count nearly every ticket purchased as a unique visitor coming to Dunedin to spend money.

In fact, according to at least one academic observer, the Dunedin study may have counted the economic impact from the same fans up to 6-8 times.

You at least have to ask why taxpayers should foot the bill for a billion-dollar industry that fails to bring high-wage jobs to town....especially since the Jays, who have never trained anywhere except Dunedin, were not considered a threat to leave Florida.  And the Tigers just agreed to stay put in Lakeland for only $37 million(ish).  And Pinellas could have probably expanded Bright House Field into a two-team complex for a lot less money.

But then again, Governor Scott signed a bill that made it easier for MLB teams to extort Florida communities.....and everyone else is blowing budgets on why not Pinellas too?   Not like there are other hungry mouths chomping at the bed tax bit...

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Sunday, September 25, 2016

2016 Rays Attendance Post-Mortem

Another disappointing year at the gate comes to a close for the Rays today, as they drew 26,443 - a majority of whom seemed to be wearing red - to see David Ortiz' final game at Tropicana Field.

The team drew an average of 15,879 fans per game this year - an increase of 476 per game (3%) from last year.

The Rays' bad start, combined with a lousy year from its premier pitcher, Chris Archer, doomed attendance numbers from the start.  Excitement for another Lightning playoff run and a young, rebuilt Buccaneers team didn't help either.

So that makes five straight years in MLB's cellar, with a whopping 3,000 fans per game separating the Rays from the 29th-place A's this year.  This blog has long covered the issues affecting Rays' attendance, from the front office's self-fulfilling prophecy, the team's failure to be "cool," and of course, location location location.

Overall, we see the league's average attendance drop again this year, down several hundred fans per game, to an average of just over 30,000 with a week left in the regular season.  For every attendance surge in Toronto (+8,000/gm), Chicago (Cubs +4,000/gm), and Texas (+3,000/gm)...there's a major drop in Cincinnati (-7,000/gm), Minnesota (-3,000/gm), and Milwaukee (-3,000/gm).

But don't cry for MLB, Argentina...with TV ratings strong and the league now worth close to $10 billion on the backs of unprecedented digital growth, owners have seen their individual equities each grow by hundreds of millions of dollars in recent years.

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Saturday, September 24, 2016

Why the Rays' Case for Public Dollars Just Keeps Getting Harder & Harder

This coming Monday and Tuesday, the public will have its first opportunity to see - and voice opinions - on the just-released $81M spring training stadium deal Dunedin city officials negotiated behind-closed-doors with the Blue Jays.

My quick takeaways: 1) It's never a good idea for small towns to go it alone against a pro sports team, much-better equipped for high-stakes negotiations;   2) It's hardly a done deal, since the biggest piece of the proposed funding won't come from the Dunedin officials who negotiated the pact, but from Pinellas County's bed tax...and we know from the Braves' short-lived Pinellas flirting that the Rays' future comes before Spring Training's.

But there are other threats to potential stadium funding revenues that have emerged in recent weeks.  Actually, those threats have always been there, as this blog has long pointed out potential stadium dollars could go fund a lot of other community needs.

St. Petersburg
In St. Petersburg, where Mayor Rick Kriseman has suggested no taxes would need to be raised to build a new baseball stadium on the site of the current baseball stadium...there's a pesky, stinky little problem that may need city dollars a little more urgently...the city's overflowing sewer system.

The Times' wrote this week that the city has a whole bunch of extra cash now that the Trop's construction bonds are finally paid off...but the need to spend that money on things like sewer fixes may bump the priority of a new MLB stadium down to No. 2 (see what I did there?).

Ironically, it's the most conservative member of St. Pete's City Council, Ed Montanari, who expressed the most concern about committing tax dollars to something other than a stadium right now.

And it's an even more dire situation for stadium proponents in Tampa, where this summer, the county commission chose to address its shortfall in transportation funding not with a new sales tax, but by earmarking future property tax growth for roads and transit.

And that means any potential Community Redevelopment Area (CRA) created to capture Tax-Incremental Financing (TIF) around a new stadium now means much of the stadium infrastructure money will come directly from transportation infrastructure money.

The Biggest Threat:

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Thursday, September 22, 2016

Does Texting Stadium Security Work?

Last night on 10News WTSP, I took a look at how well & how quickly Raymond James Stadium staff/security responds to fan complaints when they come in via text line.

I got my hands on thousands of texts fans sent in last year, and you can watch the entire story here.

Most fans were generally content with the way game day staff responded, but response times seemed to lag during busy events.  Between the 10 Buccaneers games and six USF Bulls games last year, security arrested 18 fans and ejected 210 more.
Security at Tropicana Field is on pace to arrest 15 fans and eject 35 fans this season, according to the St. Petersburg Police Department. Security at Amalie Arena made 15 arrests in all of 2015, according to the Tampa Police Department. Amalie Arena ejections were not available for Tampa Bay Lightning games.
Both the Bucs and Tampa Sports Authority declined comment on the story, other than the TSA issuing a statement that texting "33607," which also happens to be the stadium's zip code, was "the best way to convey a concern about (the) stadium experience."

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Wednesday, September 21, 2016

Hillsborough County Readies Pocket Change for Rays Stadium in Effort to Outbid Pinellas

TAMPA, Florida - Hillsborough County commissioners chose an investment bank for the financing of a potential new Rays stadium even though there are no public plans for a stadium, no indication of how many public dollars may be needed, and seemingly little appetite in the county to redirect tax dollars to a third pro stadium.

Commissioners voted to name Citigroup its bank for any public costs related to a new baseball stadium, which the county's lead negotiator, commissioner Ken Hagan, said he hoped would be limited to just "infrastructure."

"We have yet to have any discussion (with the Rays) regarding any financing," Hagan said. "But it is critically important that we have the best of the best assist us when we begin that discussion."

But the lack of details about where a new Rays stadium might go - or how it would be paid - continues a trend of behind-closed-doors meetings that keep taxpayers in the dark about where their money could eventually end up.

RELATED: Where Hillsborough Commission candidates stand on the stadium saga

There's also been little to no collaboration between Hillsborough and Pinellas counties, increasing the chance the two counties might end up in a bidding war over the Rays' future home.  (Can't we all just get along?  Arrrgghh.)

Hagan, who repeatedly ignored interview requests from 10Investigates in recent months, told a 10News WTSP reporter that he had hoped to bring a plan to his fellow commissioners within six months, including a preferred site, financing plan and public uses for a new Major League Baseball stadium.

"It's not practical to discuss land acquisition in public," Hagan said. "I wish it were, but we are trying to avoid land prices escalating through the roof. So that's why it's very important (to do) some things privately."

County attorney Chip Fletcher said the negotiating group had a "long way to go" before narrowing its current list of "about 10" potential sites down to a preferred two or three.

But despite the conversation centering around potential ballpark financing, there was once again little discussion about the actual financing mechanisms on the table. Discussions about tax revenues wouldn't seem to be subject to the same kind of speculation-related inflation Hagan and Fletcher referenced regarding location acquisition.

RELATED: Land isn't problem in stadium saga; financing is

While Pinellas County has robust tourist tax revenues, which could potentially bond upwards of $200 million in stadium construction, Hillsborough County's available tourist tax revenues would likely bond no more than $75 million. Additional revenues, such as a rental car tax, have been discussed but are considered neither particularly lucrative nor politically popular.

RELATED: Powerful Pinellas Senator gets involved in stadium saga
RELATED: Where Pinellas commission candidates stand on the stadium saga

Several Hillsborough commissioners expressed different degrees of hesitation Wednesday about the lack of transparency thus far in negotiations with the Rays, as well as the questionable return on investment of a taxpayer-subsidized facility. Hagan and Fletcher both responded they would be more forthcoming this fall when discussions about money progress, but so far, public talks would be "premature."

"We don't have any idea right now what the team's willing to contribute (or) what we're willing to support," Hagan told commissioners. "But we're getting ready to have that discussion, and that's why it's important we have subject matter experts with us to assist us in that process."

Murman and Hagan were both among the sitting commissioners who pledged not to use tax dollars for a MLB stadium back in 2010.

Hagan and Tampa Mayor Bob Buckhorn both said their next meeting with the Rays would be in early October. Buckhorn was out of the county Wednesday and not available for comment.

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Sunday, September 18, 2016

The Editorial You'll Never See the Tampa Bay Times Print

The Tampa Bay Times' editorial board penned a piece this weekend criticizing one local county for incentivizing companies to relocate jobs from an adjacent county:
The incentive packages, though, funnel county and state tax dollars to companies already operating just down the road in Hillsborough and Pinellas. There is a better use of the public's money than paying employers to move around within Tampa Bay.
Now, don't confuse the paper's longstanding opposition to paying companies to relocate jobs 15 miles down the road...with its longstanding support for Hillsborough County incentivizing the Rays to relocate 15 miles down the road.

Which is why you'd never ever see the editorial board apply the same logic from this weekend's editorial to the Rays' campaign for stadium subsidy dollars:
It's not that counties shouldn't recruit new businesses or companies shouldn't determine their own destinies. But (the county) can tout an educated workforce and robust housing market to make the case for businesses to set up shop, not just incentive dollars. And better regional coordination in business recruitment would lessen the impact on taxpayers, who gain nothing by Tampa Bay being in competition with itself. From a regional standpoint, that's a zero-sum game.

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Sticker Shock on Latest Bucs' Franchise Valuations

Another year, another estimated surge in the value of the Tampa Bay Buccaneers, according to Forbes.

The team followed up its 24% jump last year with a 19% jump this year, bringing its estimated value to a whopping $1.8 billion, certainly not hurt by their partially-subsidized stadium renovations.  The Rays can only salivate.

But here's where the Rays can sympathize: the Bucs have slid to 28th in the NFL in estimated franchise value.

Hard to imagine this is the same franchise that was the 12th-most valuable franchise - in any sport - in the entire world in 2010.  But then again, the sweetest stadium deal in Tampa Bay was then used to help an entire league of teams leverage their respective cities for new palatial playplaces.

Don't get too comfy, Tampa Bay, your turn for a new NFL stadium is once again less than a decade away!

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Tuesday, September 13, 2016

Rays Ramp Up for Offseason Stadium "Progress"

According to a Marc Topkin notes column this weekend, Rays owner Stu Sternberg actually seems more optimistic about the team's progress off-the-field than its success on-the-field, for once:
"I'd like to get a real good sense of things between November and before opening day," he said. "So somewhere in that period, while there is a lot of work going on behind the scenes, we're going to have to have some real progress."
Sternberg's satisfaction means those tough decisions for local politicians are inching closer, which begs the following questions:
  1. Will conversations be transparent and open this offseason?  We've seen some of St. Pete's ideas publicly vetted, but zero transparency thus far from Ken Hagan & Bob Buckhorn on the Tampa side of the bay.
  2. What will Pinellas Co. do about the expected spring training "ask" from Dunedin & the Blue Jays, when they probably don't have enough in their bed tax piggybank to make both the Blue Jays and Rays happy?
  3. How many financial resources will St. Petersburg Mayor Rick Kriseman offer the Rays to stay downtown?  There's a case to be made the city is already negotiating against itself since Hillsborough doesn't have many public dollars to offer at all.
  4. And finally, wherever the Rays want to build, the question lingers of how many dollars should come from the public when economists are pretty darn sure the team (worth hundreds of millions) and league (worth billions) stand to gain much more than taxpayers
Oh, and is it a bad time to mention MLB owners just sold 1/3 of its MLB Advanced Media product for more than a billion dollars???

That's a $33 million check for each of the league's 30 owners. And they didn't have to sell a single ounce of MLB's traditional business since the deal only includes MLBAM, which operates digital products for the NHL, WWE, HBO, and other heavy-hitters.

Regardless, there promises to be a lot of headlines to keep this blog busy this offseason.

And we haven't even gotten to the fun stuff, like how Pinellas or Hillsborough would guarantee the Rays ink an ironclad contract, which appears to be harder-and-harder to come by? Just ask Islanders fans:

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Sunday, August 28, 2016

Rays Stadium as Tallahassee Bargaining Chip?

Last Friday, I reported powerful State Sen. Jack Latvala (R-Seminole) was getting involved in the Rays' stadium campaign, with undisclosed meetings set up for this coming week.
Latvala has shown a willingness to put regional priorities ahead of parochial battles...and state dollars might be the only way Hillsborough could ever afford to build a stadium for the Rays.  But all things considered, Latvala would probably prefer to see a new Rays stadium in Pinellas.

He wouldn't provide much information about his discussions moving forward, but the state might be able to contribute money directly toward stadium construction (as it has for numerous other pro and college stadiums). It also might be able to orchestrate a more complex maneuver:

Latvala is close to the family that owns Derby Lane, which contributed $50,000 to his PAC in 2014, and he's worked over the years to try and prop up the seemingly-doomed kennel-racing side of Florida's gambling industry.  Could there be pari-mutuel concessions so a potential "Derby Lane Card Room" wouldn't need its race track any more and could then just donate 100 of its 130 acres to a baseball team looking for land?  Pure speculation.

But it wouldn't be an enormous stretch given Latvala's record of also receiving contributions from numerous pro teams (incl. $20,000 from the Rays) and helping to bolster the state's spending for spring training facilities as well as its spending on year-round sports facilities a year later.

Latvala will be the Senate Appropriations Chair next year, and if he chooses to spend his political capital on a stadium effort, he could potentially ram a Rays subsidy through just as former Senate Appropriations Chair J.D. Alexander strong-armed the legislature into creating the unpopular Florida Polytechnic University in 2012.

But opposite Latvala on the subsidy issue is incoming House Speaker Richard Corcoran (R-Land O' Lakes), one of Tallahassee's fiercest critics of stadium subsidies. He's even gone so far to suggest the state should have a constitutional amendment prohibiting subsidies for pro sports teams.

So like all issues in Tallahassee, it will be a slow-played battle of wits and wills.  That could mean the Rays become a bargaining chip in one of the many Latvala vs. Corcoran battles on-tap for the next two years.
You can never predict how those turn out....but a little bit of lobbying and good ole-fashioned check-writing to political committees never hurts!

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Tuesday, August 23, 2016

Stadium Subsidy ROI: Rich for Teams; Poor for Taxpayers

Floridians aren't quite paying enough attention to what's happening in North Texas, as the city of Arlington moves forward with a $519M referendum for a modern Rangers stadium to replace their existing modern Rangers stadium...because we are now learning baseball in hot climates requires a roof.

By all accounts, Arlington is overpaying to avoid the scary thought of possibly "losing" the Rangers to Dallas, just 30 minutes away....even though there doesn't appear to be a lot of indication relocation was either imminent or likely.  Oh, and the team's owners are billionaire oil magnates.

Tip o' the hat to my investigative counterparts at WFAA-TV for doing great watchdog work on a lease that has seven more years left on it. 
Regardless of what you think about Arlington's plan, it's a great reminder that nobody can make money by building a stadium - that's why teams rely on the public to do it for them.  Neil deMause points out "we’re already looking at Arlington putting down at least $519 million for a return of at most $60 million."

Basically, a city of Arlington analysis showed its investment would generate more tax dollars without new Texas Rangers stadium.

Sound familiar Tampa Bay?

It should - it echoes the exact thing Rays owner Stu Sternberg told St. Pete a year ago: that it's in the taxpayers' "best interest to get the (Trop) land back" and redevelop it as something other than baseball.

And devout readers of this blog will remember my post about how much economic activity Tampa might lose if it were to spend tax dollars on a new stadium downtown (using the Tampa Bay Times' own fuzzy math):

Also worth noting: a recent study in San Diego puts the ROI on that city's proposed stadium/convention center at just three cents on the dollar!

And, if you need any more evidence that stadiums don't generate profits and are only called "public" facilities so they can avoid paying property and construction taxes....Maricopa County is selling off the Diamondbacks' ballpark - lock, stock, & barrel - for only $60 million dollars, a fraction of what the stadium cost to build 18 years ago.

That's a pretty crappy return on your real estate investment during a period when the franchise's value has grown exponentially.  But the politicians out in the desert may actually have a pretty decent idea about cutting their losses.

It's a much better idea than, say, fighting with the public when you need their support for a stadium referendum:

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Thursday, August 18, 2016

Where Pinellas Commission Candidates Stand on a New Rays Stadium

While select leaders - on both sides of Tampa Bay - debate the future of the Rays, any possible public funding for a new stadium will ultimately require the approval of either the Hillsborough or Pinellas County commissions.

10News WTSP asked each candidate running for a commission seat this year about his or her opinions on a new stadium. Below is a summary of their answers. Primary day is August 30 with general elections in November.

2016: Where Hillsborough BOCC candidates stand
2014: Where Hillsborough BOCC candidates stand
2014: Where Pinellas BOCC candidates stand
2012: Where Hillsborough BOCC candidates stand
2010: Where Hillsborough BOCC candidates stand

* = incumbent
Write-in candidates were not included.

District 1 (No Election)
Janet Long* (D) – An outspoken advocate of the commission’s increased role with stadium negotiations, Long said she had opinions on where a stadium should go and how it should be funded...but wouldn’t elaborate much on either idea. She has frequently criticized fellow Democrat and St. Pete mayor Rick Kriseman for not bringing the county commission into the stadium conversation. And she suggested state dollars might be on the table if Pinellas County’s bed taxes weren’t enough public dollars to fund a new stadium.

District 3
Mike Mikurak (R) – Challenging the incumbent commission chair, Mikurak is openly critical of the role the commission has played in discussions so far and what he considers a lack of planning legwork to this point. “There is also little forecasting as to what will happen if it moves to Tampa which is a very real possibility,” Mikurak said. But on the topic of whether public resources should be committed toward a new Rays stadium in Pinellas County, Mikurak said it would depend on “verifiable investment benefits,” which are typically quite subjective when it comes to stadiums. He said he was open to using bed tax dollars for a stadium to “invest & promote sustainable jobs”, but “limited taxpayer resources should not be used for the sole benefit of private sector business.”

Charlie Justice* (D) – The sitting commission chair, Justice has supported the county’s methodical approach toward helping the Rays explore more than a dozen potential stadium sites from Oldsmar to Derby Lane to Downtown St. Petersburg and explained, “Commission and Administrator are in frequent communication with the team as they perform their due diligence” and the process can be slow and frustrating, “but it is a generational decision and we must make the right one.” Justice expressed confidence that the county would have enough revenue in its robust bed tax collections to help fund a new stadium without any additional tax revenues and his only preferred site was one “where the team will be successful in building a strong attendance base.”

District 5 (No Election)
Karen Seel* (R) – An incumbent commissioner, Seel expressed her confidence in the county’s current baseball plan, adding that she had no personal preference for a future stadium location. She said she would “only support using limited amount of bed taxes only from and in Pinellas County” and that she would like to see the team go through the county’s new capital funding process to make their case for public financing. Seel also said she’d like to see any new stadium include features that could be “widely used by the community.”

District 7 (No Election)
Ken Welch* (D) – Longtime commissioner Ken Welch, representing most of St. Petersburg, has quietly played an active role in stadium discussions over the years. He advocated for the county to hold off on committing bed tax dollars to other major projects until the Rays stadium is settled. Pinellas County’s bed tax might bond upwards of $200 million in stadium construction. Welch also lobbied for St. Petersburg to include the county in stadium discussions, resulting in his appointment to the city’s “Baseball Forever” campaign group, aimed at keeping the Rays in the city for decades to come.

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Tuesday, August 16, 2016

Secret Rays Tampa Stadium Talks to Remain Secret for a While

Tampa Mayor Bob Buckhorn said the officials in talks with the Rays about a potential new stadium in Hillsborough County are going out of their way to avoid creating public records and giving notice of their meetings with the team for good reason.

"Anytime you start talking real estate and locations, the price goes up," Buckhorn said, adding that the group has not spent much time yet addressing perhaps the biggest challenge of a Tampa stadium: how to pay for it.

FACEBOOK: Entire exchange with Mayor Buckhorn

On Monday, the mayor met with the Rays and several other local leaders, including Hillsborough County Commissioner Ken Hagan, to discuss a series of possible stadium locations on Tampa's side of the bay. That included Downtown Tampa and West Shore, but not the county fairgrounds, according to the Tampa Bay Times.

But on the mayor's weekly calendar, which typically provides local reporters the topics and locations of the mayor's meetings, the morning rendezvous with the Rays was simply listed as "Ken Hagan," with the location and meeting topic omitted.

And months' worth of public record requests to both Hagan and Buckhorn have come up empty; the public officials attending the meeting claim they don't have a single document, email, or text message pertaining to their behind-closed-door discussions, which could ultimately cost taxpayers hundreds of millions of dollars.

A new stadium is expected to cost at least $500 million with taxpayers likely called on to fund a significant portion of the construction and infrastructure.

While Pinellas County has robust tourist tax revenues, which could potentially bond upwards of $200 million in stadium construction, Hillsborough County's available tourist tax revenues would likely bond no more than $75 million. Additional revenues, such as a rental car tax, have been discussed but are considered neither particularly lucrative nor politically popular.

"I think all of us ... at least on the public side ... are trying to find a way to (finance a ballpark) without the way that Raymond James was publicly financed," Buckhorn said. "I don't think a referendum would pass, so we will have to look at other things.

"We're going to have to look at bed tax, we're going to have to look at potentially rental car surcharges ... to the extent that we can place the burden on tourists, that would be ideal. But at this point, we don't know. It's going to be expensive, and if you asked me today how we would pay for it, I couldn't tell you."

Buckhorn said the Hillsborough group's next meeting with the Rays will be in October. Hagan didn't return requests for comment Tuesday.

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Saturday, August 13, 2016

Florida's Next Governor(?) Doesn't Like Stadium Subsidies

The leading candidate to be Florida's next governor, Adam Putnam, doesn't appear to be a fan of state subsidies for the Rays (any other pro franchise), a stark contrast to the current governor, Rick Scott:

This blog has previously explored the state's role in helping to fund pro stadiums, as well as the current lack of interest in the legislature to continue the practice.

The good news for the Rays is that term limits guarantees a new slate of lawmakers is never more than a couple years away.  But with limited money for a stadium in Tampa, any lack of state funding would put the idea of a Hillsborough stadium out of reach.

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