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Old 11-09-2016, 03:29 PM   #1
ToxSocks ToxSocks is offline
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Originally Posted by GloucesterChief View Post
Voting to not get ripped off in financing a stadium that will have a negative return on investment seems like the public knows what it is doing.
Do you know the terms of the proposal? Considering this is a tourism tax and San Diegans wouldn't pay a cent, i don't believe you do.
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Old 11-09-2016, 03:30 PM   #2
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Originally Posted by Detoxing View Post
Do you know the terms of the proposal? Considering this is a tourism tax and San Diegans wouldn't pay a cent, i don't believe you do.
Do you think the "tourism tax" will actually fully pay for the bonds?
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Old 11-09-2016, 03:32 PM   #3
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Originally Posted by GloucesterChief View Post
Do you think the "tourism tax" will actually fully pay for the bonds?
Why wouldn't it?
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Old 11-09-2016, 03:36 PM   #4
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Why wouldn't it?
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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Old 11-09-2016, 03:44 PM   #5
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Originally Posted by GloucesterChief View Post
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.
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.....
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Old 11-09-2016, 03:47 PM   #6
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Originally Posted by Detoxing View Post
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.....
No kidding... a WAY better deal than the crap that us in Vegas are getting bamboozled with... and we didn't even get a say.
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Old 11-09-2016, 03:52 PM   #7
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No kidding... a WAY better deal than the crap that us in Vegas are getting bamboozled with... and we didn't even get a say.
It's the best deal a city could ask for outside of some Stan Kronke treatment.

You know what our dumb**** mayor and council members would RATHER do?

Build a new stadium at the current location using the city's general fund, thus taxing San Diegans......backwards ass politicians man....

Instead of supporting an initiative that DOESN'T cost the tax payers, they support one that does....go figure....
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Old 11-09-2016, 04:43 PM   #8
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Originally Posted by Detoxing View Post
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.

...

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.....
Ok. I don't know anything about this measure. But couldn't you just raise the hotel tax and have that go to the City in the first place? So if you sent that revenue to the Charger's owners, San Diego citizens are still paying more tax than they would/could otherwise.

Granted, for the 8 home games a year you might have a few more hotel rentals and there may be other upsides. Still smells like a subsidy to me.
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Old 11-09-2016, 03:32 PM   #9
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Originally Posted by Detoxing View Post
Do you know the terms of the proposal? Considering this is a tourism tax and San Diegans wouldn't pay a cent, i don't believe you do.
As an SD resident, I actually voted for it as 100% of the funds would come out of an increased 5% tourism tax at hotels (rather than the general fund). I think the big reason it didn't pass is that many voters didn't understand that the funds are NOT coming from the general fund which subsidizes the city.
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Old 11-09-2016, 03:37 PM   #10
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As an SD resident, I actually voted for it as 100% of the funds would come out of an increased 5% tourism tax at hotels (rather than the general fund). I think the big reason it didn't pass is that many voters didn't understand that the funds are NOT coming from the general fund which subsidizes the city.
Yup. I was shocked after talking to my wife and Sister in Law yesterday that they both were against Measure C because "They didn't want to pay taxes for a Billionaire's Stadium".

I went on an epic rant for like 15 minutes.....

The Chargers failed horribly to educate the voters.
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Old 11-09-2016, 03:44 PM   #11
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61-39 that leaves San Diego with 22 fans ouch that has got to hurt their stadium attendance.
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Old 11-09-2016, 03:48 PM   #12
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Originally Posted by Detoxing View Post
Yup. I was shocked after talking to my wife and Sister in Law yesterday that they both were against Measure C because "They didn't want to pay taxes for a Billionaire's Stadium".

I went on an epic rant for like 15 minutes.....

The Chargers failed horribly to educate the voters.
If that's really what the people thought then ****.

I thought it was more about not giving an NFL owner a handout and hamstringing the tourism industry in San Diego.
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