Everyone often bleats out "bread and circuses" at everything but I think this is one area where that actually applies. It wins you votes to keep the city-branded circus in town even if it means kowtowing to billionaire team owner whims.
this post was submitted on 20 Dec 2023
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Is this meme reporting live from Las Vegas, Nevada?
Because putting a stupid underground concrete bendy-straw full of manual-driving Teslas instead of...a subway system, and building like 8 more stadiums that shut down traffic and give us nothing but $600 concert tickets on Ticketmaster ....is totally this city's jam right now.
Bread & Circus!
Hobart represents!
But the stadium will bring so much economic benefit to the city! Well get at least 4 new fast food restaurants hiring only minimum wage workers, and a small boost in hotel revenue!
Transit won't bring any return on investment. Only poor people use transit and they don't have any money. And if someone who has a car does use transit that's hurting the economy! Think of the poor gas station owners and car dealers!
/S /S /S /S /S
This is actually pretty accurate to how big oil, auto manufacturers and sports owners who are friends could operate.
A typical stadium that costs that much generates profits of like $100-200M per year. So if the city isn't dumb enough to pay that much for it and not get a sizeable portion of that income, they can fund a comprehensive public transit system with that new money without going to debt.
OKC right now
The OKC deal is actually a pretty square deal. The team is putting up 50m and the city is putting up another 70m, but the city retains ownership and use over the property. The funding is also coming from extending a 1% sales tax weve already been paying for the last 5 years.
It's not what I would prioritize, but at least we're actually going to keep the infrastructure we're paying for.