Paul Merrill broke down the redundancy of Strib comments regarding Vikings stadium talk yesterday, and I thought I’d ad my $0.02 on the ROI of public funding for professional sports entertainment stadiums.
This is my Joe 6-Pack perspective: If team owners could make the case that community subsidized stadiums provided a positive return on a community’s investment, there would be no debate about whether a stadium should be built. Politicians aren’t stupid enough to say no to projects with net positive returns. It would be the easiest sell in the world.
Clearly, the numbers don’t work. Because of that, welfare queens like Zygi Wilf tend to rely on feel good intangibles to justify giving hard earned tax payer dollars to support a billionaire’s business rather than investing the money in our local hospitals, transportation or education needs.
As long as I’m pissing on the Vikings stadium proposal, I may as well go full stream by pointing out that it’s disgusting that our government allows companies to take tax deductions on the cost of box seats. Essentially, this is transfer of income from tax payers into the pocket of Zygi Wilf:
The proposal calls for a stadium with 65,000 seats, up from the current 63,500. More important, it would give the stadium 7,500 club seats and 148 luxury suites — the big moneymakers in sports stadiums. The Metrodome currently has just 242 club seats and 99 suites.
John Marty explained the absurdity of Zigy Wilf’s pan handling in a column on MinnPost:
To put this into terms to which we can relate, Bagley wants taxpayers to subsidize each of the 65,000 seats at every Vikings home game to the tune of $77 per ticket. That is $77 in taxpayer money for each ticket, at every game, including preseason ones, for decades to come!
This is an easy problem to solve. Just add the extra $77 onto the price of every ticket to every game (and don’t let people take work related tax deductions on those tickets). What? People wouldn’t pay an extra $77 per ticket? Well, it sounds like Zigy Wilf needs to stop being such a welfare queen and pay for the stadium himself.
As far as I can tell, Zygi Wilf is holding up a cardboard sign asking for around $620,000,000 to pay for his teams entertainment complex where they play 8 regular season games per year. As I understand it, he says he’ll kick in $250 million out of $870 million to build a building, yet keep any profits the building generates.
To me, that’s a sign that Zygi has either incredible small balls, or has some of the biggest balls in the entire world. Who, in 2009, has the gonads to ask for a government handout for a professional sports entertainment complex while unemployment is high, many people have no health care, and our roads need plenty of work?
Zygi Wilf is a very special man who’ll suck harder on the government’s teat than you could possibly imagine. All I can picture right now is his face taking the shape of a penis pump while lobbying our elected officials for hundreds of hard sucked dollars for an unneeded sports entertainment complex. If only we’d agree to spend $620 million hard earned taxpayer dollars, Zygi could earn hundreds of millions on our backs through profits on government subsidized corporate box seat sales.
Is the stadium deal too good to be true? If your last name is not Wilf, the answer is obvious.
Dear Zygi: If you’re truly a football fan and not just a high rolling welfare queen – and if the stadium actually makes financial sense to build – prove it by paying for the stadium yourself. Prove to the rest of the country that the NFL is a sustainable business without government subsidies. If you don’t have enough cash on hand and don’t have good credit, ask a few friends to help finance the stadium privately. That should be an easy sell if building a stadium truly has a positive return. Right?
By the way, I noticed that Sid Hartman was too much of an ass kisser to mention how little of the stadium would be paid for by Zygi Wilf, yet did everything he could to justify the cost of the stadium over everything else the state of Minnesota should be investing taxpayer dollars in. I wouldn’t expect anything more for Sid Hartman. What a douche.