tag:blogger.com,1999:blog-1021348172235346593.post2020968803708078175..comments2024-03-03T06:01:35.285-05:00Comments on Shadow of the Stadium: What Could a New Rays Stadium Really Cost Taxpayers?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1021348172235346593.post-34620651128739354752014-12-14T18:06:38.738-05:002014-12-14T18:06:38.738-05:00The problem with 1 & 2 are those typically are...The problem with 1 & 2 are those typically are factored into the team's contributions. Even if it's not the same line item, it comes out of the team's pocket because it's a portion of the ticket/parking charge.<br /><br />No. 3 is basically what the above story was about - TIF spending IS new borrowing. No. 4/transportation taxes are also mentioned (car rental tax). Nothing else is really feasible here.<br /><br />No. 5 and 6 are possibilities, but probably not huge amounts of money. There are lots of ways to get little pots of money, but you need BIG ones to get to $400M.Noah Pranskyhttps://www.blogger.com/profile/04341946902034828581noreply@blogger.comtag:blogger.com,1999:blog-1021348172235346593.post-47273528126403906982014-12-12T17:43:00.510-05:002014-12-12T17:43:00.510-05:00Good report, Noah.
I suggest six other potential...Good report, Noah. <br />I suggest six other potential revenue sources, which have been done in other places. Three fairly common, three less so.<br />1. Stadium use taxes: per ticket surcharge and extra markup on in-stadium concessions. These taxes are paid 100% by people who voluntarily spend money attending events. In theory, though, they cut into team revenue or reduce the amount teams can charge.<br />2. Parking surcharges. Variable meter rates on game/event days, increased fees in public and private parking garages and increased fees for special event lots.<br />3. New borrowing. City/County/State can issue new construction debt instruments.<br />4. Transportation based taxes. Surcharge on airplane, train, bus, and cruise ship passengers. These are generally regarded as undesirable by travel and tourism companies, but if increased enough with only a portion going to public stadium construction/debt service.<br />5. Federal grants. Other public sports facilities have received outright grants for disability access, emerging energy features, and for including public education/historical preservation aspects / features.<br />6. Joint missioning. Collegiate sports facilities often add classrooms / other educational aspects then receive funding for construction from schools. Imagine a university/community college/magnet school partnership with classes/internships in culinary arts, media, sports training/medicine, security/law enforcement, retailing, and business operations. <br /><br />All of the above have been incorporated in public facility financing elsewhere.Anonymoushttps://www.blogger.com/profile/13841558421490135625noreply@blogger.com