Hypocrisy of establishment Republicans glaringly obvious in stadium subsidies

[bripat9643]

Great how they have insufficient money for teachers but plenty of cash for an unnecessary sports stadium. Awesome display of conservative values.

Only 18% of the budget goes to Defense spending, moron.

 

[SwimExpert]

Atlanta's Turner Field Is Dying -- And American Sanity Is Dying With It | Will Bunch

Hypocrisy of establishment Republicans glaringly obvious in the latest parasitical move by a pro-sport franchise.

You wonder how many of these frauds are getting some sort of kickback.

the Brave's current stadium is less than 20 years old. They couldn't get 200+million in overpriced idiotic "improvements" they wanted from Atlanta so they went to a more submissive group, the Republican controlled commission of Cobb County where they will get 450 million in subsidies. The lone Democrat on the commission was the only one to act halfway responsible and voted to give the decision more time for voters to discover what a rip-off it is.

What exactly is your issue here? Do you need a clean tampon?

 

[SwimExpert]

Its not an "investment" its a hijacking of the sheeple of Cobb co.

The people of Cobb County can stop this at pretty much any moment they choose. Let's see what happens over the next few minutes.


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They seem to be liking it so far.

 

[ClosedCaption]

Great how they have insufficient money for teachers but plenty of cash for an unnecessary sports stadium. Awesome display of conservative values.

"Other stuff" includes funding for Chinese prostitutes to drink alcohol responsibly. Yeah, that's authorized by the Constitution.

And it includes everything else also but good job cherry picking tho

 

[The Rabbi]

"Other stuff" includes funding for Chinese prostitutes to drink alcohol responsibly. Yeah, that's authorized by the Constitution.

And it includes everything else also but good job cherry picking tho

As pointed out, it isnt 57%. It's like 18%. And I'll spend 18% keeping this country safe. I wont spent 40% so Laqueesha can have a free cell phone and birth control.

 

[dcraelin]

well Im focusing on the local level. These are the crooked politicians that are promoted to the national level.

Its probable that one of these hypocrite Repulsives in Cobb county will invariably run for higher office talking about how government in Washington wastes to much money and how he/she will make a difference. They're two-faced whores is what they are.

 

[francoHFW]

As Pub policy continues to screw cities and the non rich...regular people can't afford to go to any games anymore- that's for corporate boxes and people who don't give a shytte now lol...tax deductible natch...

 

[SwimExpert]

As Pub policy continues to screw cities and the non rich...regular people can't afford to go to any games anymore- that's for corporate boxes and people who don't give a shytte now lol...tax deductible natch...

Let me make sure to understand your argument.....

Professional sports stadiums are only attended by 90,000 "rich" people every game because "normal" people can't afford the prices.

That's an awful lot of "rich" people. Now many "normal" people are there, that there can be that many people in a region who don't blend into the "normal" background?

 

[TooTall]

right you are Dot Com

W. Bush was a government parasite long before he became president.

the following is from wikipedia.

After working on his father's successful 1988 presidential campaign, Bush learned from fellow Yale alumnus William DeWitt, Jr., that family friend Eddie Chiles wanted to sell the Texas Rangers baseball franchise along with the new sports dome; built on land acquired under eminent domain law and built under funding financed through taxpayers' funds backed by a bond issued for its debt. The new home of the Texas Rangers is still being contested in court by the original landowner who has not received payment for the land. The sports dome has not yet been paid off with the tax increase enacted to pay off the bond. The selling of the baseball team included the new stadium, which accounts for the huge profits the investors received

................When the Rangers franchise was sold for $250 million in 1998, at a total profit of $170 million, Bush personally received $14.9 million for his $600,000 investment.

I call BS

This is what accounted for the huge profits.

1996

October: The Rangers win the American League West, making the playoffs for the first time in franchise history. Attendance rebounds to 36,113 for the team, whose stadium revenues ($25.5 million) are deemed tops in baseball by Financial World. The magazine raises the estimated value of the franchise to $173 million.

And the lawsuit over the property was settled.

1999

January: The Rangers agree to future payments, including interest, to the ASFDA that will total $22.2 million to cover costs that the sports-development authority incurred related to litigation over the seizure of private property for the ballpark. The agreement brings closure to a dispute that goes back to the Bush era, when the club refused to reimburse the authority after a court judgment.

 

[Missouri_Mike]

How about subsidizing our own human beings?

How can anyone be against investing in people?

Wait a minute here.

First of all you apparently aren't smart enough to know the difference between a subsidy and a legal tax break. Those corporations aren't getting a subsidy. They get tax breaks for investing in the development of future possible gains, they get nothing if their investment fails.

Second, You're the f*cking morons that "invest" in such stellar enterprises as Solyndra, GM and Fisker. Losing not the companies own investments but the tax dollars of American citizens.

Third, No federal money goes toward a stadium. None, zero, nada. And I personally as not a resident of Atlanta don't give a f*ck how much they spend on a baseball stadium. If they think they can come out on top with this investment have at it. If they lose their *sses...well that isn't my problem.

Fourth, None of these three situations effects helping the poor at all so you can shove that up your *ss.

most of these idiotic subsizings of sports stadiums are done with tax-exempt bonds...That means that a portion of the money they save is a result of less taxes going to the federal government. It is a form of FEDERAL subsidy. Tax-exempt bonds should not be used for sport stadiums.

Its not an "investment" its a hijacking of the sheeple of Cobb co.

By that reasoning everyone that has a 401K is f*cking the government out of money. Do you not understand that tax exempt bonds are tax exempt because the government wasn't going to ever be in a position to get that money if they taxed it? It's a tax exempt bond precisely because with the tax burden added to the project nobody would f*cking do it.

 

[dcraelin]

Wait a minute here.

First of all you apparently aren't smart enough to know the difference between a subsidy and a legal tax break. Those corporations aren't getting a subsidy. They get tax breaks for investing in the development of future possible gains, they get nothing if their investment fails.

Second, You're the f*cking morons that "invest" in such stellar enterprises as Solyndra, GM and Fisker. Losing not the companies own investments but the tax dollars of American citizens.

Third, No federal money goes toward a stadium. None, zero, nada. And I personally as not a resident of Atlanta don't give a f*ck how much they spend on a baseball stadium. If they think they can come out on top with this investment have at it. If they lose their *sses...well that isn't my problem.

Fourth, None of these three situations effects helping the poor at all so you can shove that up your *ss.

most of these idiotic subsizings of sports stadiums are done with tax-exempt bonds...That means that a portion of the money they save is a result of less taxes going to the federal government. It is a form of FEDERAL subsidy. Tax-exempt bonds should not be used for sport stadiums.

Its not an "investment" its a hijacking of the sheeple of Cobb co.

By that reasoning everyone that has a 401K is f*cking the government out of money. Do you not understand that tax exempt bonds are tax exempt because the government wasn't going to ever be in a position to get that money if they taxed it? It's a tax exempt bond precisely because with the tax burden added to the project nobody would f*cking do it.

BULLLLLLLLLLSHHIT

But even if that were true it would be better for these communities if no projects were built. They essentially drain money out of the economy and into the hands of rich welfare queens.

 

[Quantum Windbag]

Atlanta's Turner Field Is Dying -- And American Sanity Is Dying With It | Will Bunch

Hypocrisy of establishment Republicans glaringly obvious in the latest parasitical move by a pro-sport franchise.

You wonder how many of these frauds are getting some sort of kickback.

the Brave's current stadium is less than 20 years old. They couldn't get 200+million in overpriced idiotic "improvements" they wanted from Atlanta so they went to a more submissive group, the Republican controlled commission of Cobb County where they will get 450 million in subsidies. The lone Democrat on the commission was the only one to act halfway responsible and voted to give the decision more time for voters to discover what a rip-off it is.

Who, exactly, are the Republicans on the Atlanta city council?

http://citycouncil.atlantaga.gov/CONTACTS.HTM

 

[Quantum Windbag]

Great how they have insufficient money for teachers but plenty of cash for an unnecessary sports stadium. Awesome display of conservative values.

Great how you think Republicans are responsible for the actions of Democrats.

 

[dcraelin]

Atlanta's Turner Field Is Dying -- And American Sanity Is Dying With It | Will Bunch

Hypocrisy of establishment Republicans glaringly obvious in the latest parasitical move by a pro-sport franchise.

You wonder how many of these frauds are getting some sort of kickback.

the Brave's current stadium is less than 20 years old. They couldn't get 200+million in overpriced idiotic "improvements" they wanted from Atlanta so they went to a more submissive group, the Republican controlled commission of Cobb County where they will get 450 million in subsidies. The lone Democrat on the commission was the only one to act halfway responsible and voted to give the decision more time for voters to discover what a rip-off it is.

Who, exactly, are the Republicans on the Atlanta city council?

http://citycouncil.atlantaga.gov/CONTACTS.HTM

What does the Atlanta City council have to do with it? Other than they were apparently upfront about their inability to pay for improvement the Braves wanted?

It is the Cobb co. Republicans, Four of them, that aranged this deal through in secrecy and then quickly approved it without giving the community time to figure out what a ripoff it is.

 

[Quantum Windbag]

Atlanta's Turner Field Is Dying -- And American Sanity Is Dying With It | Will Bunch

Hypocrisy of establishment Republicans glaringly obvious in the latest parasitical move by a pro-sport franchise.

You wonder how many of these frauds are getting some sort of kickback.

the Brave's current stadium is less than 20 years old. They couldn't get 200+million in overpriced idiotic "improvements" they wanted from Atlanta so they went to a more submissive group, the Republican controlled commission of Cobb County where they will get 450 million in subsidies. The lone Democrat on the commission was the only one to act halfway responsible and voted to give the decision more time for voters to discover what a rip-off it is.

Who, exactly, are the Republicans on the Atlanta city council?

http://citycouncil.atlantaga.gov/CONTACTS.HTM

What does the Atlanta City council have to do with it? Other than they were apparently upfront about their inability to pay for improvement the Braves wanted?

It is the Cobb co. Republicans, Four of them, that aranged this deal through in secrecy and then quickly approved it without giving the community time to figure out what a ripoff it is.

The county is run by Democrats, what the **** do Republicans have to do with it? If you want to make a point about how stadiums aren't justifiable use of tax dollars, feel free. I have actual facts and figures to bring to the argument that will actually prove you have a real point. If you want to pretend that Republicans are the only ones with their fingers in the pie I will slap you like the silly ***** you are.

 

[dcraelin]

Who, exactly, are the Republicans on the Atlanta city council?

http://citycouncil.atlantaga.gov/CONTACTS.HTM

What does the Atlanta City council have to do with it? Other than they were apparently upfront about their inability to pay for improvement the Braves wanted?

It is the Cobb co. Republicans, Four of them, that aranged this deal through in secrecy and then quickly approved it without giving the community time to figure out what a ripoff it is.

The county is run by Democrats, what the **** do Republicans have to do with it? If you want to make a point about how stadiums aren't justifiable use of tax dollars, feel free. I have actual facts and figures to bring to the argument that will actually prove you have a real point. If you want to pretend that Republicans are the only ones with their fingers in the pie I will slap you like the silly ***** you are.

wow, he used the words **** and *****, hes a tough guy. Im sure everybody is veerry impressed.

Ive addressed the bi-partisan nature of this before, glance back at a few of my posts, then look up the word hypocrisy,...its not a swear word so your probably not familiar with it.

 

[TooTall]

How about subsidizing our own human beings?

How can anyone be against investing in people?

Wait a minute here.

First of all you apparently aren't smart enough to know the difference between a subsidy and a legal tax break. Those corporations aren't getting a subsidy. They get tax breaks for investing in the development of future possible gains, they get nothing if their investment fails.

Second, You're the f*cking morons that "invest" in such stellar enterprises as Solyndra, GM and Fisker. Losing not the companies own investments but the tax dollars of American citizens.

Third, No federal money goes toward a stadium. None, zero, nada. And I personally as not a resident of Atlanta don't give a f*ck how much they spend on a baseball stadium. If they think they can come out on top with this investment have at it. If they lose their *sses...well that isn't my problem.

Fourth, None of these three situations effects helping the poor at all so you can shove that up your *ss.

most of these idiotic subsizings of sports stadiums are done with tax-exempt bonds...That means that a portion of the money they save is a result of less taxes going to the federal government. It is a form of FEDERAL subsidy. Tax-exempt bonds should not be used for sport stadiums.

Its not an "investment" its a hijacking of the sheeple of Cobb co.

The Cobb stadium is NOT being built with tax-exempt municipal bonds that are then sold to investors. They are issuing revenue bonds as explained below.

Every state, city and county in the US usually finance large infrastructure projects, such as schools. bridges, highways and even sports stadiums with muni-bonds or revenue bonds.

Cobb County will pledge $14 million up front in transportation improvements and $10 million from the Cumberland Community Improvement District, a self-taxing commercial district overseen by local business leaders.

The county will finance the remaining $276 million by issuing revenue bonds. As for repaying those bonds, here are the bullet points. Remember, each figure is the annual cost over 30 years.
• $400,000 from a new rental car tax.
• $940,000 from the existing hotel/motel tax.
• $2,740,000 from a new hotel/motel fee in the Cumberland CID.
• $5,150,000 from a property tax increase in the CID.
• $8,670,000 in relocation of existing Cobb County property taxes.
• While the majority of Cobb County residents won't be paying any additional taxes to fund the Braves' stadium, a large amount of their existing tax payments will cover for the costs.
• Because there are no new taxes here outside of the self-taxing CID, the County Commission can approve the proposal without a countywide referendum.

 

[dcraelin]

Wait a minute here.

First of all you apparently aren't smart enough to know the difference between a subsidy and a legal tax break. Those corporations aren't getting a subsidy. They get tax breaks for investing in the development of future possible gains, they get nothing if their investment fails.

Second, You're the f*cking morons that "invest" in such stellar enterprises as Solyndra, GM and Fisker. Losing not the companies own investments but the tax dollars of American citizens.

Third, No federal money goes toward a stadium. None, zero, nada. And I personally as not a resident of Atlanta don't give a f*ck how much they spend on a baseball stadium. If they think they can come out on top with this investment have at it. If they lose their *sses...well that isn't my problem.

Fourth, None of these three situations effects helping the poor at all so you can shove that up your *ss.

most of these idiotic subsizings of sports stadiums are done with tax-exempt bonds...That means that a portion of the money they save is a result of less taxes going to the federal government. It is a form of FEDERAL subsidy. Tax-exempt bonds should not be used for sport stadiums.

Its not an "investment" its a hijacking of the sheeple of Cobb co.

The Cobb stadium is NOT being built with tax-exempt bonds.

Cobb County will pledge $14 million up front in transportation improvements and $10 million from the Cumberland Community Improvement District, a self-taxing commercial district overseen by local business leaders.

The county will finance the remaining $276 million by issuing revenue bonds. As for repaying those bonds, here are the bullet points. Remember, each figure is the annual cost over 30 years.
• $400,000 from a new rental car tax.
• $940,000 from the existing hotel/motel tax.
• $2,740,000 from a new hotel/motel fee in the Cumberland CID.
• $5,150,000 from a property tax increase in the CID.
• $8,670,000 in relocation of existing Cobb County property taxes.
• While the majority of Cobb County residents won't be paying any additional taxes to fund the Braves' stadium, a large amount of their existing tax payments will cover for the costs.
• Because there are no new taxes here outside of the self-taxing CID, the County Commission can approve the proposal without a countywide referendum.

I can almost 100% guarantee that the "revenue" bonds are tax-exempt, that is how these parasites operate. Also if the"revenues" (i.e. taxes) cant pay off the debt there are probably provisions that come after the county's general fund.

My guess is that the so called "community Improvement District" is a type of TIF district, a type of subsidy dreamt up in California and finally rejected there after years of abuse. Part of their usefulness to crooks in local governments is that they mask the very real debt load on the taxpayers and also, thru legal chicanery, help avoid referendums of projects manipulators fear will lose.

 

[dcraelin]

here is a link with a more honest breakdown of just some of the costs to the taxpayers of Cobb co.

Cobb County?s ?existing property taxes? for Braves stadium are actually a tax hike | Field of Schemes


Hey! and I see Quantum Windbag has sent me a private message!!! how sweet. Maybe I'll get around to reading it someday.

 

[TooTall]

most of these idiotic subsizings of sports stadiums are done with tax-exempt bonds...That means that a portion of the money they save is a result of less taxes going to the federal government. It is a form of FEDERAL subsidy. Tax-exempt bonds should not be used for sport stadiums.

Its not an "investment" its a hijacking of the sheeple of Cobb co.

The Cobb stadium is NOT being built with tax-exempt bonds.

Cobb County will pledge $14 million up front in transportation improvements and $10 million from the Cumberland Community Improvement District, a self-taxing commercial district overseen by local business leaders.

The county will finance the remaining $276 million by issuing revenue bonds. As for repaying those bonds, here are the bullet points. Remember, each figure is the annual cost over 30 years.
• $400,000 from a new rental car tax.
• $940,000 from the existing hotel/motel tax.
• $2,740,000 from a new hotel/motel fee in the Cumberland CID.
• $5,150,000 from a property tax increase in the CID.
• $8,670,000 in relocation of existing Cobb County property taxes.
• While the majority of Cobb County residents won't be paying any additional taxes to fund the Braves' stadium, a large amount of their existing tax payments will cover for the costs.
• Because there are no new taxes here outside of the self-taxing CID, the County Commission can approve the proposal without a countywide referendum.

I can almost 100% guarantee that the "revenue" bonds are tax-exempt, that is how these parasites operate. Also if the"revenues" (i.e. taxes) cant pay off the debt there are probably provisions that come after the county's general fund.

My guess is that the so called "community Improvement District" is a type of TIF district, a type of subsidy dreamt up in California and finally rejected there after years of abuse. Part of their usefulness to crooks in local governments is that they mask the very real debt load on the taxpayers and also, thru legal chicanery, help avoid referendums of projects manipulators fear will lose.

This is what a revenue bond is, and the fact that the Federal govenment doesn't get a cut is a plus. They may even be exempt from state taxes, which would be another plus.

Revenue bonds: Principal and interest are secured by revenues derived from tolls, charges or rents from the facility built with the proceeds of the bond issue. Public projects financed by revenue bonds include toll roads, bridges, airports, water and sewage treatment facilities, hospitals and subsidized housing. Many of these bonds are issued by special authorities created for that particular purpose.

You may notice that because of the location of the stadium near the Cumberland Mall complex, there will be a much larger demand for rental cars and hotel rooms when the Braves have their games. Those are sources of taxes that will pay for the bonds.
On Edit:

The Cumberland CID was founded upon the basis of Article 9, Section VII of the Georgia Constitution. The amendment providing for CIDs was approved by the voters in 1984. The Cumberland CID was brought into being through the enactment of a resolution by the Cobb County Commission and the consent of the Cumberland area’s commercial property owners in 1988.

As of 2010, the CID has leveraged $89 million into more than $500 million for area improvements. At the close of 2009, each dollar raised by the CID brought in seven dollars from public sources, for a portfolio of active projects worth more than an estimated $230 million. By 2012, the Cumberland CID expects to have raised $100 million in local funds