The Marietta Daily Journal reports that these could include “significant” tax breaks for the Weather Channel agreeing to stay in town.So who else in Atlanta wants them some Cobb Co. tax dollars? Home Depot? Coca-Cola? The Varsity?
That sounds bad, and it is, but the Atlanta Journal-Constitution’s Kyle Wingfield notes that at least the Weather Channel is talking about adding about 250 jobs at an average salary of $75,000. The Braves, meanwhile, are promising 4,014 jobs (some at projects surrounding the stadium) for a total payroll of $61 million, which is an average salary of … $15,000? Clearly those aren’t full-time jobs, which makes sense, since most baseball jobs aren’t.
Which means if you pro-rate it to maybe 1,500 full-time equivalent jobs, then Cobb is looking at shelling out at least $200,000 per job, which is just dismal. But then, “dismal” is increasingly looking like Cobb’s middle name.
Wednesday, December 11, 2013
Atlanta Shenanigans: Weather Channel Following Braves' Subsidy Plan
Neil deMause notes The Weather Channel may follow in the Atlanta Braves' footsteps and ink a subsidy deal in Cobb County:
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What good for the Brave$ should be good for NBCUniversal, and investment firms Blackstone Group and Bain Capital who own TWC.
ReplyDeleteThose with the connections have been doing this for decades regardless of who's in power and shows no signs of ending anytime soon.
Stu hasn't found the right pol to influence yet.