Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (607495)	4/12/2011 1:04:31 PM
From: tejek	Respond to of 1580282

Here is an example of what I'm talking about. Glendale is going to wind up paying a total of almost $400mil to keep a team (The Phoenix Coyotes) which is valued at only $134mil (and that's the value for the owner, not for the people of the city). ----------- A Critical Battle Over The Sports Economics Model You're singing to the choir, Tim. I am furious when I found out that the old stadium for the Mariners was torn and a new one was built even as the old one still had sizeable debt on it. So we, the WA state taxpayers, are paying off both at the same time. Fortunately, it looks like the politicians have learned. When OK City poached our NBA team at great cost to OK City taxpayers, we were told the NBA wanted a bigger arena before they would award another franchise to Seattle. That was 5 years ago and no one has done squat about it. When I was in school, my uncle, who was a professor, showed me how inducing industry into a community with freebies was a scam and not worth it. And he's been proven right over and over again. BTW my uncle was a liberal. ;-)