The Braves are trying to get us to issue municipal debt (for which Wilmington taxpayers will be responsible) to finance their stadium. This is a national scam, as outlined in this recent Bloomberg article:
In Stadium Building Spree, U.S. Taxpayers Lose $4 Billion
“You come back to this thin line of, ‘What is a legitimate municipal government undertaking?’” Packwood said. While he draws the line at sports venues, he said too many voters and local politicians don’t. “If the owner can get away with the public putting up part of the money, he’s going to do it.”
Since the city will acquire the property, that means NO property taxes, right? From every angle, this is a taxpayer RIPOFF.
"If you build it, they will come" is a line from a baseball fantasy film.
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