The new arena will not create one new job. Zero. Zilch. Nada. The same number of nba players, nba owners, nba office staff and arena workers will be there and there will be LESS seats notFacts. Not arguing that sales tax in general has a disparate impact on the poor. Only pointing out they pay a very small portion of capital projects financed through a penny sales tax. Maybe a better analysis is how many poor have jobs which are created (directly or indirectly) by having an NBA team in the city? Don’t really have a strong opinion either way here.
They claim it will be 900M. It will probably 1.5Bs when they are done and they get to finance the whole bitch with interest.
It will be financed by the ghettos that don't use it.
It's ridiculous. The American ownership structures have figured out a way to use people with zero involvement to pay for their stuff. Billionaires bilking minimum wage workers. It's total bullocks.
It's the most outrageous feature of American professional athletics. It's why I loved what happened in the city of Las Vegas recently. Las Vegas residents told their city to go to hell over the sweetheart deal they tried to give the As owner. They called BS on the owner and he coughed up another 400M.
Somehow David Holt is hailed as a brilliant hero. The dude is a friggin clown. The guy should have got at least half of it financed by a group of families worth probably 20 plus billion dollars. It's a joke.