We are nowhere through the global economic downturn. It's incredibly risky for the city to accept any financial responsibility at this time. In the best of economic times, taxpayer funded stadiums have failed to produce promised jobs or revenue.
Let the city wade chest-deep into this swamp and if the economy takes another downturn, not too far-fetched, if you keep up with the global economy, they'll be sitting on an even bigger mountain of debt with no way to pay it back beyond raising taxes again.
There is immeasurable risk involved.
We are nowhere through the global economic downturn. It's incredibly risky for the city to accept any financial responsibility at this time. In the best of economic times, taxpayer funded stadiums have failed to produce promised jobs or revenue.
Let the city wade chest-deep into this swamp and if the economy takes another downturn, not too far-fetched, if you keep up with the global economy, they'll be sitting on an even bigger mountain of debt with no way to pay it back beyond raising taxes again.