[Grumpypotpie]

Originally Posted by LasVegasPlayer

There is no doubt taxpayers will end up on the hook for this in one way or another. At minimum the public will pay for police and emergency. At worst the calculation is off and our property and sales taxes must subsidize it.

This is an embarrassment if the Legislature passes this. We will have created a public/private partnership with a company that has a history of paying massive fines for corruption charges while at the same time giving a billionaire $750 million in tax money while at the same time the public receives no revenues. The national press will have a field day with that.

Indianapolis is cheering for this. If it happens, that city will no longer be mentioned as the worst stadium deal in history.

The City of Indianapolis has hosted a Super Bowl, the Final 4 twice, the Regional Finals in college basketball 3 times, and the Big Ten conference championship game in college football every year since 2011. That doesn't sound so bad.

[calisoccer99]

Originally Posted by Grumpypotpie

The City of Indianapolis has hosted a Super Bowl, the Final 4 twice, the Regional Finals in college basketball 3 times, and the Big Ten conference championship game in college football every year since 2011. That doesn't sound so bad.

Yes, this is going to be great for Vegas. Gonna put Vegas on the map for more than just gambling and brothels

[LasVegasPlayer]

Originally Posted by Grumpypotpie

The City of Indianapolis has hosted a Super Bowl, the Final 4 twice, the Regional Finals in college basketball 3 times, and the Big Ten conference championship game in college football every year since 2011. That doesn't sound so bad.

It is bad unless you ignore all of the losses the city shouldered hosting the events. These events cost taxpayers even more money than the $619 million it shelled out for the stadium. Let's look at the numbers:

Taxpayers Lose the NCAA Final Four | US News Opinion

For the men's tournament, the average change for a host city was actually a loss of income of around $44 million.

(That $44 million change is about economic impact compared to what would have happened had the event never been held, not taxes, which the article also addresses)

Indianapolis loses more money than expected hosting Super Bowl - 13 WTHR Indianapolis

With expenses slightly more than projected, the CIB wound up losing roughly a million dollars hosting the Super Bowl

How much tax money is used for Big Ten football title game?

The public tax form of the Indiana Sports Corporation reported expenses of $1.38 million from last year's Big Ten Football Championship.

According to the contract, and an amendment, the CIB receives $375,286 from the Big Ten for this year's game.

All of this once again refutes the "Clark County taxpayers will pay nothing" argument.

[timothyaw]

Originally Posted by LasVegasPlayer

It is bad unless you ignore all of the losses the city shouldered hosting the events. These events cost taxpayers even more money than the $619 million it shelled out for the stadium. Let's look at the numbers:

Taxpayers Lose the NCAA Final Four | US News Opinion

(That $44 million change is about economic impact compared to what would have happened had the event never been held, not taxes, which the article also addresses)

Indianapolis loses more money than expected hosting Super Bowl - 13 WTHR Indianapolis



How much tax money is used for Big Ten football title game?





All of this once again refutes the "Clark County taxpayers will pay nothing" argument.

Couldn't have said it better myself. This is what people that sell snake oil do, show you flashy pictures of bling new stadiums to get you excited. At that point, most people become blinded by the economics of it all. And just fall in line like sheep.

[lvmensch]

None of this is rational when discussing Las Vegas. No place in the world is as good at squeezing money from the visitor as Las Vegas. It is simply a different place.

And the stadium is simply one more step in the gigantic enterprise known as the Strip.

And it is a rational addition. It will provide 25 or more weekend events each year packing the house...and that is where the revenue is raked in. Another two or three million room nights? At 50 or 100% premium? The impact on an Indianapolis is heavy. The impact on a Las Vegas is small. We do this all the time...it is normal not a big deal.

Sure we need some care. Don't need to create another spaghetti bowl. But this resistance to building the resources so they will come is just mind blowing. We ain't Indianapolis!

[robojester]

I can't help but wonder how it would impact our economy if they handed out 700 small biz loans of $1 million each or better yet 1400 at 1/2 mill each ...

Having come from MN and seen repeatedly how this works out for the state I would rather they not do it...

If stadiums were a winning idea they would be lined up to build them with their own money.

When was the last time the state had to pony up $ to build a casino?

[beachhead]

Originally Posted by robojester

I can't help but wonder how it would impact our economy if they handed out 700 small biz loans of $1 million each or better yet 1400 at 1/2 mill each ...

Having come from MN and seen repeatedly how this works out for the state I would rather they not do it...

If stadiums were a winning idea they would be lined up to build them with their own money.

When was the last time the state had to pony up $ to build a casino?

You can't inject logic in a discussion about the golden bull of the NFL. Besides, it's just taxpayer money. I bet if they were voting to spend their own money, they'd come up with a much different conclusion! Because the billionaires certainly won't spend their own money on it.

So it looks like the last chance to de-rail this boondoggle give away to billionaires is to get our local legislators to vote against it?

[Cold Warrior]

Couldn't have said it better myself. This is what people that sell snake oil do, show you flashy pictures of bling new stadiums to get you excited. At that point, most people become blinded by the economics of it all. And just fall in line like sheep.

Mixed metaphor alert!

[NLVgal]

Originally Posted by calisoccer99

Yes, this is going to be great for Vegas. Gonna put Vegas on the map for more than just gambling and brothels

Brothels? Prostitution is illegal in Las Vegas and all of Clark County.

We are known for much more than gambling and brothels.

[LasVegasPlayer]

Originally Posted by NLVgal

Brothels? Prostitution is illegal in Las Vegas and all of Clark County.

We are known for much more than gambling and brothels.

I've wondered if that poster even lives in Las Vegas based on other posts. I think that comment pushed me over the top towards no. Nobody that lives in Las Vegas would make such a ridiculous comment.