All big businesses take advantage of tax breaks. It's nothing new. It's easy to say tax payers will never see a cent, but this is an arena that will be there for decades. Money will be generated in the economy. It's the reason why tax payer money is used in these projects to begin with. If owners had to foot 100% of the bill for these arenas, 90% of the new buildings in the league wouldn't exist. No teams would make any money, where as the economy would still benefit from all the money spent at events all year round. The arena is great for the city, and that's why tax payer dollars go towards it.
For the record, I think corporations getting tax breaks is garbage, but that is a completely different topic fit for somewhere else. But we'd take them as well if we were given the chance. Such is life.
Well, there's data that says these arena deals are not good at all for the cities that make them, and I'd say that tax payer dollars go to them because politicians are dips***s who do dips*** things with other people's money. But I don't want to get too political. I'll just say that the DDA (the specific agency that will pay off the bonds) was a thing before the arena deal, and would still exist without it. It's an agency specifically created to do more or less exactly what it is doing with the arena. So if it wasn't the Illitch getting the money, it would be some other billion dollar development company. Given a choice between corporate welfare for a fancy new arena for a team I love, that I'll be able to enjoy for many, many years and corporate welfare for a new upscale condo development or office building or whatever thing I'd likely never know about because it wouldn't be newsworthy...well, I'll take the arena, even with a dumb name and an ugly, terrible-pizza-advertising, boring-non-LED roof.
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