There was an excellent debate about Tempe’s Special election on Props 301 ,302, 303. It did not go well for the developer’s mouthpiece. Much of the debate centers around GCI’s study of the proposed special taxing district.
Discover more from Blog for Arizona
Subscribe to get the latest posts sent to your email.
Watch Las Vegas and the Oakland A’s issue. There will be similar pressure for a “public-private” partnership”. Which always means tax breaks of some creative kind, or direct tax subsidies. The long well studied history of pro sports nonsense of this type is the benefits are always way overblown and the liabilities underestimated. But the owner always seems to make out. Ask Elaine Scruggs how that worked out for Glendale. The model might be the Vegas hockey team. All private money for their arena. The Raiders, $500 million plus sales tax subsidy.
What’s the phrase? Ah yes, socialized risk for one’s private profit.