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Originally Posted by CHENZ A!
I believe the 800 mil figure is with interest over the course of the lease. Helling was good, everyone else was just yelling over one another. A 20 min debate was not near long enough. To me, and this is purely my opinion, this deal makes no sense, to spend all this money to patch up old buildings, when we could build new ones for around what this will end up costing.
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Actually, I don't think that's quite true.
According the way the ballot is written, the MOST taxpayers would put in is $425 million. Period.
I could be wrong, but after reading the executive summary and both leases, that's the way I read it. Not sure where that $800 million keeps coming from.
My theory is that KK keeps throwing it out there because he wants a downtown ballpark (probably because Union Broadcasting would benefit financially from development in the area). Considering that a new football stadium would run about $400 - 500 million, and a baseball stadium $200 -300 million, throwing out that $800 million figure makes it look as though two new stadiums could be had for the prices of refurbishing.
Again, I'm not 100% sure (I'm actually going to talk with some folks tomorrow about this whole thing ... folks with intimate knowledge of the issue) but the $800 million is not how much tax would be collected.
Also, if JaxCo can't afford to build the stadiums, how in the hell is WyCo?
And for those that don't know, Sly was the African American lawyer on the "for" side. He posts over at ChiefsCoaltion (where I have to go at work since the Planet is blocked. Nice board, actually ... not quite as crazy or balls to the wall as here, but pleasant and informative.)
MM
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