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Originally Posted by vonBobo
The tax revenue lost when the stadium leaves is offset by no longer paying the extortion tax. So now every Zman sold or hotel rented downtown MO is no longer leveraged against the extortion tax either. But yeah, nothing solves the problem of siphoning unless the city is already a destination itself and tourism is hot, which KC will never compete against mountains or casinos or the Pacific ocean.
I appreciate your insight and I want to know more. When the JaCo stadium folks announced that last year they lost money, is that not also accounting for the player tax you are talking about?
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The Earnings Tax is a city budget item, not a county budget item. I think what you're referencing was the county executive's office talking about the operation of the stadiums. I also trust that to be accurate and not adjusted to meet White's narrative... not at all.
And the deal that was rejected shifted many of the operating costs to the teams.