Quote:
Originally Posted by GloucesterChief
Most tax projections are shall we say very optimistic about the amount of money the tax will actually bring in.
Not to mention the 5% tax people are paying on their hotels, and lets not forget that it is not only tourists and visitors that use hotels, is less money that can be spent on other goods and services in San Diego.
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We're talking about a deal here in which once the Stadium is paid off, the hotel tax would go directly to the City's general fund.
A deal in which the Chargers are responsible for cost over runs.
The Chargers would still be paying rent to lease the building.
The Chargers would pay maintainance costs.
The Chargers would yield the profits from the 8 games a year they host there, but all other events would go directly to the city. The Stadium will be owned by the city.
The stadium was also designed to double up as an extension of the Convention Center, which has long been talked about for expansion.
The alternative is that you lose an NFL franchise.
Yeah, im sorry but the voters were reeruned here.
Like i said, one our towns in the county voted for a dead man to be their treasurer.....