((HT: 11Alive.com))
Surprising no one, really, the suburban county that is getting the Atlanta Braves and their new ballpark may have slipped paperwork onto their website for only a day's review before the meeting Tuesday night.
And stacked the deck on speakers before putting their ideas to a vote that was going to pass anyway...
And had people tossed from the meeting who wanted to speak, weren't allowed to, and then raised their voices in protest...
It looks like an additional $31-million was added onto the county's responsibilities. If the Braves and the county don't meet their expectations with incoming revenue and revenue streams, then county taxpayers are on the hook for the balance...
Here's team coverage with the Hull Man and Melissa...
Construction starts in late 2014 and the team is set to move into its news digs in 2017
Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts
Tuesday, May 27, 2014
Friday, January 10, 2014
Florida Panthers Ask For More Public Dollars...Is Quebec City Watching...???
((HT: Sun Sentinel/Wallman))
And, now, we finally have it...
The Florida Panthers, the southern-most outpost for the Gary Bettman expansion into the Sun Belt, is finally asking for public funds to keep them in town...
Are you watching Quebec City...???
The team claims they're losing at least US$20-million a year and are asking for a rewrite of their contract with the city of Sunrise.
The building was brought forth in the late '90s for just under US$190-million.
It's still being paid off... for another 14 years...
More from Wallman:
Under the proposed change, for the 14-year balance of the current contract:
•The Panthers would shed the $4.5 million annual payment; it would be picked up by the county.
•The county would contribute $500,000 a year toward maintenance, and would pay any of the property insurance tab that exceeds $1 million.
•The Panthers would swap the land it has rights to build on, 12 acres south of the arena, in favor of 22 acres on the arena's north side, where the Panthers hope a casino-hotel or some other development could be built and brought onto the tax rolls.
•The Panthers would immediately repay $10.6 million in loans the county granted them in recent years.
•The Panthers would continue contributing $500,000 a year to the Convention and Visitors Bureau.
•The Panthers would commit to investing in hockey team payroll "at a level competitive with the rest of the National Hockey League."
Short of Buffalo, Calgary, Colorado, and the New York Islanders, the Panthers are near the bottom in NHL payroll numbers with a cap figure of just over US$60-million.
Even teams like Columbus are spending more these days...
It will be interesting how Vinnie Viola, the Panthers owner, responds if the Sunrise council goes against the idea of less money in hand in the present for more dollars in the future...especially, if the Panthers continue to flounder in the Eastern Conference as they have for the better part of the last decade...
Kinda what they were asked to do when the BB&T Center went on line in the first place...
Here's what the Panthers did last time out- beating the Sabres (doesn't everyone...?)
((HT: MSG))
So, if I was anyone from Sun Media, I would keep a keen eye with everything going on in Florida- because, the rest of the hockey world knows you're ready...
And, now, we finally have it...
The Florida Panthers, the southern-most outpost for the Gary Bettman expansion into the Sun Belt, is finally asking for public funds to keep them in town...
Are you watching Quebec City...???
The team claims they're losing at least US$20-million a year and are asking for a rewrite of their contract with the city of Sunrise.
The building was brought forth in the late '90s for just under US$190-million.
It's still being paid off... for another 14 years...
More from Wallman:
Under the proposed change, for the 14-year balance of the current contract:
•The Panthers would shed the $4.5 million annual payment; it would be picked up by the county.
•The county would contribute $500,000 a year toward maintenance, and would pay any of the property insurance tab that exceeds $1 million.
•The Panthers would swap the land it has rights to build on, 12 acres south of the arena, in favor of 22 acres on the arena's north side, where the Panthers hope a casino-hotel or some other development could be built and brought onto the tax rolls.
•The Panthers would immediately repay $10.6 million in loans the county granted them in recent years.
•The Panthers would continue contributing $500,000 a year to the Convention and Visitors Bureau.
•The Panthers would commit to investing in hockey team payroll "at a level competitive with the rest of the National Hockey League."
Short of Buffalo, Calgary, Colorado, and the New York Islanders, the Panthers are near the bottom in NHL payroll numbers with a cap figure of just over US$60-million.
Even teams like Columbus are spending more these days...
It will be interesting how Vinnie Viola, the Panthers owner, responds if the Sunrise council goes against the idea of less money in hand in the present for more dollars in the future...especially, if the Panthers continue to flounder in the Eastern Conference as they have for the better part of the last decade...
Kinda what they were asked to do when the BB&T Center went on line in the first place...
Here's what the Panthers did last time out- beating the Sabres (doesn't everyone...?)
((HT: MSG))
So, if I was anyone from Sun Media, I would keep a keen eye with everything going on in Florida- because, the rest of the hockey world knows you're ready...
Thursday, November 14, 2013
Braves To The Burbs: Now, We Think We Know The Numbers...Until They Change...
The new Braves project is supposed to cost $672-million, the Braves would foot $372-million of that...
So, it's a 55-45 split...
The lease is set for 30 years with an option for 5 more- that would take things through the 2051 season
From Cobb County's perspective, $14 million would be for transit improvements, $10 million would come from the Cumberland Community Improvement District and $276 million from the Cobb-Marietta Coliseum and Exhibition Hall Authority.
It's the Braves barn to use as they see fit, and they can let folks use it if they give permission...
Here's the breakdown of the agreement between Cobb County and the Braves...
There will be taxes that will be added or restructured to make this go down right (if you're Cobb) in hotels, rental cars (which is interesting since there is no transportation hub to do it, unless you call a "mall" a transportation hub), and business property rates.
But this also may introduce some kind of rail system to alleviate traffic that is already there and will only increase once the project undergoes construction...something the county has steadfastly voted against in the past...
Reps from the Braves met with Georgia Governor Nathan Deal and Atlanta mayor Kasim Reed on the move...
Deal is just calling himself an "interested observer..." and will not earmark or allocate any kind of dollars toward the new stadium...
Here's his recap of the meeting...
((HT: WSB-TV))
So, it's a 55-45 split...
The lease is set for 30 years with an option for 5 more- that would take things through the 2051 season
From Cobb County's perspective, $14 million would be for transit improvements, $10 million would come from the Cumberland Community Improvement District and $276 million from the Cobb-Marietta Coliseum and Exhibition Hall Authority.
It's the Braves barn to use as they see fit, and they can let folks use it if they give permission...
Here's the breakdown of the agreement between Cobb County and the Braves...
There will be taxes that will be added or restructured to make this go down right (if you're Cobb) in hotels, rental cars (which is interesting since there is no transportation hub to do it, unless you call a "mall" a transportation hub), and business property rates.
But this also may introduce some kind of rail system to alleviate traffic that is already there and will only increase once the project undergoes construction...something the county has steadfastly voted against in the past...
Reps from the Braves met with Georgia Governor Nathan Deal and Atlanta mayor Kasim Reed on the move...
Deal is just calling himself an "interested observer..." and will not earmark or allocate any kind of dollars toward the new stadium...
Here's his recap of the meeting...
((HT: WSB-TV))
Monday, November 11, 2013
CONTINUING: Braves To The Burbs, Where's The Money Coming From...??? Misplaced Priorities...???
((HT: WSB-TV))
A few points of thought...
The HQ would like to know where the money is EXACTLY coming from for the new Suburban Palace...
Since...
A) Cobb County, Brother Phil's abode of choice, has been laying off essential personnel like teachers and hasn't given them raises in the last decade. Schools have had to lay off teachers in situations of tenure (or a lack thereof)...
One high school in particular as an example- Allatoona High School (a new school in the county)- had to lay off coaches in their football program in 2010- and had to wait months for a budget reorganization to reinstate the coaches that were lacking in tenure after the fiscal year started.
So, the longer version of that same story...
New school has no teachers with tenure...
Therefore, they're the first ones laid off by the letter of the law...
New school is, then, rendered temporarily useless by the expansion of the county and the budget shortfalls created by the government that created the school in the first place...
This is the county government in charge of the new Braves facility...
And, B) The idea that the county contribution to the new Braves facility is a tax, but isn't really a tax in name only...
But won't be voted on before any kind of open forum will be vetted...
Make sense...???
Here's continuing coverage of the fallout even as the Mayor of Atlanta, Kasim Reed has both thrown in the towel and not given up...
The larger question is... since Reed threw all his chips in over the Falcons deal, how does he plan on keeping both...???
A few points of thought...
The HQ would like to know where the money is EXACTLY coming from for the new Suburban Palace...
Since...
A) Cobb County, Brother Phil's abode of choice, has been laying off essential personnel like teachers and hasn't given them raises in the last decade. Schools have had to lay off teachers in situations of tenure (or a lack thereof)...
One high school in particular as an example- Allatoona High School (a new school in the county)- had to lay off coaches in their football program in 2010- and had to wait months for a budget reorganization to reinstate the coaches that were lacking in tenure after the fiscal year started.
So, the longer version of that same story...
New school has no teachers with tenure...
Therefore, they're the first ones laid off by the letter of the law...
New school is, then, rendered temporarily useless by the expansion of the county and the budget shortfalls created by the government that created the school in the first place...
This is the county government in charge of the new Braves facility...
And, B) The idea that the county contribution to the new Braves facility is a tax, but isn't really a tax in name only...
But won't be voted on before any kind of open forum will be vetted...
Make sense...???
Here's continuing coverage of the fallout even as the Mayor of Atlanta, Kasim Reed has both thrown in the towel and not given up...
The larger question is... since Reed threw all his chips in over the Falcons deal, how does he plan on keeping both...???
Subscribe to:
Posts (Atom)