Articles matching tag: Stadiums
- Column: Bill To Eliminate Stadium Tax Benefits DOAJuly 6, 2017
Sound the trumpets, Congress has introduced yet another bill to eliminate the federal tax benefit of using municipal bonds to finance the construction of sports stadiums. Senators Cory Booker, D-N.J., and James Lankford, R-OK. are sponsoring a bill that would prohibit teams from using municipal bonds to help finance stadium construction. In a statement accompanying the introduction of their bill, Booker said, "Professional sports teams generate billions of dollars in revenue. There's no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums. It's not fair to finance these expensive projects on the backs of taxpayers…"
- Column: Chargers Flee San Diego For LaLa LandJanuary 19, 2017
The lessons I learned from my grandfather have stuck with me. One in particular came to mind when I read the announcement by San Diego Chargers owner Dean Spanos that the team would dessert a loyal fan base in San Diego for Los Angeles. Maine was once home to a number of smelly, toxic-spewing paper mills. One day as my grandfather and I were traveling through a mill town I made an unflattering comment about the putrid stench. My grandfather opined that the workers in the mill were able to support their families with their hard-earned paychecks and to them, the money didn’t smell. He counseled me that money is money, regardless of where it comes from, a fact that also applies to the Chargers’ move.