Mike, you miss an important point comparing the Brunswick County Jetport to this proposed Wilmington stadium. The principal source of money was federal funding to complete the runway expansion. This did not involve an increase to local taxpayers.
The only capacity for government in ANY venture is its reasonable authority to tax. Government never belongs in business with any operating authority. In this spirit, I believe that this state should divest itself of the ABC system and place it into private hands, the only revenue collected being legally imposed taxes.
In this same spirit, the only investment in this baseball stadium venture should be private capital, with investors being able to realize the profits AND fully incurring the risk of loss.
If this baseball stadium deal were truly such a great thing, why aren't there private investors clamoring to buy shares?
I believe that capitalism works and will continue to work. Surf City Tom is right in his analysis that the city (the taxpayers) stand to receive few benefits. All of us concerned need real numbers, not financial analyst fuzzy math to convince us of the efficacy of this project. Get real, if this project tanks, the taxpayers are going to be left holding the bag.
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