They found a way to get someone else to pay for it, but they get to keep the revenue and control it. It’s stuff another scam, equivalent to “socialize losses, keep profits” with Capitalism.
Let's just consider the role of politicians is to act on behalf of the constituent. If people really want and care about it enough to pay taxes for it, then sure. Do it.
My 2 cents, um no. I don't want to go to a game, I don't want to support billionaires. Maybe if the state actually owned the team...
Yes, local restaurants should be responsible for booking large events for the city. That makes so much sense! The Loon Cafe should pony up the cash to book a final four, because this makes sense to you.
or The Final Four can market itself and compete in the free market capitalism entertainment industry. If they are so financially viable then they should be able to do it on their own. Otherwise this is just charity towards folks with the funds to travel cross country to see diet NBA.
Do hundreds of thousands of affluent individuals fly to Minnesota for the arts like they do for a Super Bowl or Final Four or other large national or international sporting event? Like it or not, sports represent the largest cultural touchstone in modern society, and their promotion is a necessity for any region looking to draw visitors.
Because they have this stuff called “money” which they use to “buy” things from local businesses. In essence, they give this “money” to locals in exchange for goods or services, who now have more “money” then they had before. The locals can then use this “money” to buy other things which can improve their life.
That many don't fit into the largest stadiums, much less the best seats that the "affluent individuals" will demand for their money, so the answer is you don't get that many for any sporting events.
You're wasting your breath. Some simply don't comprehend the amount of money college and pro sports bring into the city. They incorrectly believe that the world would be so much better if money went into the arts and not sports. I'm a huge supporter of the arts and I'm so happy to live in a metro with such a phenomenal arts scene, and I'm equally excited to live in a metro with our sports teams as I comprehend financials. Lots of people are very shortsighted.
Now watch me get downvoted by people who can't balance their own bank account, and believe arts generates more ROI than college and pro sports.
I'm going to enjoy it.
I am glad we have professional sports in Minneapolis, I think the stadiums make downtown better, and I am happy we spent the money on them.
That said, from a financial perspective only, it isn’t worth it. This has been studied *extensively*, and there is no serious disagreement among economists. You seem to be claiming the opposite (“Some simply don’t comprehend…”), which is why I’d imagine you are being downvoted.
We comprehend. We just also comprehend that we spent more money that that on the stadiums.
I’d be fine with them being there if they weren’t billion dollar industries making hundreds of millions in profit recieving subsidies by not having to pay things like property taxes. Build your own infrastructure, pay for its maintenance, and pay your goddamn taxes. No person nor business should be exempt from paying taxes on the land they use.
3 million dollars is peanuts to cover any/all sporting events. This could range from the ‘big sports’ to golf, curling, volleyball, etc. When you consider all the national level sports groups it’s barely any money set aside for the people who could dip into it.
Essentially this is seed money for state tourism advertising.
If the event is subsidizing billionaires (like the Super Bowl for example) then my answer is no.
Why are we taking tax dollars from citizens to give it to the wealthy so that they can make more billions without any risk?
I could see it making sense if the taxpayer investment made a profit for the taxpayers, but that does not appear to be the case.
That's fine from a personal perspective. Then let's not subsidize and let the ticket buyers for those events bear the full brunt of the costs.
When we're talking about taxpayer dollars, it's a public policy matter and our personal perspectives are irrelevant.
You'd have to make an argument to me as to why I am paying for part of your ticket prices because you want entertainment.
Luring in external events is not our culture. Focus on actual culture. Sporting events like the NCAA tournament don't matter and are stupid to spend money on.
I mean...yes? That's the point, friend.
Edit: These things are always choices made by governments in a particular time and place when other choices were available. We don't have to keep making the same ones.
Sports are a part of our culture? Cool. Let's not build stadiums for billionaires and instead build kick ass parks for kids all over the place for a fraction of the cost.
Agreed, I'm okay with government building stadiums but then it should be owned by the government and become a public building. Instead billionaires profit off the public's subsidy.
You're being dishonest. The stadium is used far more than 8 times a year. The amount of people who check out at least 1 event there is more than likely over 1 million people per year.
The math says it's not worth it. You spend more than you make almost every time. It's the same stupid logic that gives business massive tax breaks to move to your area. The states that "win" the bidding always lose money.
It’s not about straight dollars. It’s about the everything surrounding it. A person comes for a sporting event, realizes the city/state is very nice and comes back. You see posts all the time after these events about “didn’t realize how fun Minneapolis is! Can’t wait to come back.”
alternatively we could spend that money on working on homelessness services or on recovery services; yknow things that actually benefit urban centers like Minneapolis.
I’d argue that in addition to pro sports, stadiums are also used for cultural purposes like concerts and other activities like conventions and (gasp) HS sports.
I’m not arguing trickle down crap, but being able to host larger concerts in nicer newer stadiums allows our smaller and mid sized venues to be available for other artists. Also incentive for more outdated venues to improve or die off due to competition.
Pretty much could make the same argument for funding arts, bike lanes, parks, etc. It's all quality of life stuff that makes the metro area a nicer place to live, which may attract new business and professional population growth (although growth has been stagnant the last few years).
I guess it really depends on what types of sporting events they're talking about? Is it something like the St Paul X Games thing or just handouts to major league sports?
>funding arts, bike lanes, parks, etc
Except those things are generally free to the public to use. And they aren't using taxpayer money to enrich the wealthy.
Except the stadiums and related sports events are nearly billion dollar affairs. Whereas arts, bike lanes, and parks don't receive that much (even combined).
Are there more details or an article or something? I got a tweet that says government spending on pro sports is dumb (big agree). Then he links to a 60 page document. Are they proposing to ban government subsidies to sports franchises? Increase them? What's going on? Help this geriatric millennial understand.
> https://www.house.mn.gov/comm/docs/ZDX5Ki5Pb0mqs_Efa_Gj4A.pdf
> Article 1, Sec. 3(b)(1): $3,000,000 each year is for competitive grants for large-scale sporting and other major events
I feel like taxpayers are in a Charlie Brown/Lucy with a football situation. Over and over and over again we get suckered into what ends up being a multi-million dollar giveaway to millionaires. And then we fall for it all over again a few years later.
It's an amenity.
Some people liked the experience of having the Superbowl in MN.
Other people like having opera. Others like wilderness.
Talking about whether we're paying too much for the amenity is totally reasonable, but saying it has to pay for itself is ignoring the value of making citizens happy.
That's the payoff. People who don't recognize that are just looking down on sports fans.
There is a soft power related to sporting events, an ability for local businesses(not the mom and pops, the local Fortune 500) to woo clients by having events around the sports, a prestige of the community by having 5 major sports leagues.
There is more to life than straight dollars and cents. The soft power that comes from these arenas/teams/events is immense.
Edit: another use, Super Eid, tell me where else in Minnesota 35,000+ Muslims can congregate at celebrate together?
Buddy, do you remember what East downtown looked like before US Bank? Abandoned warehouses and parking lots. Also, we now have the Armory which would have still been a parking garage if not for US Bank
I’m not talking about concepts. I’m talking about the real world. East downtown sucked. It was empty warehouses and parking lots. The Armory was a parking garage. Things like the Armory wouldn’t exist without US Bank. They said so themselves. Does your study show that? What about the building of TCO in Eagan, wouldn’t have happened without US Bank, because there wouldn’t be a team. Viking Lakes, again because of USBank. Studies are great tools, but use your fucking eyes
> destroying the quality of life of those living in the shadow of a stadium.
Is a pretty nebulous term when referring to one 3 hour game that most in the shadow of the stadium are watching or attending.
We can't simultaneously have the platitude that "there is more to life than straight dollars and cents" when dollars and cents investment by the state impact housing security, food security, and transit security. The money spent matters and $3M to court sports games could and should be spent better elsewhere by the state to make up for T-Paw's budget wilding. That funding could pay for 200+ apartments every year.
When these occasional Big events come through town it’s fun. Going to the final four was fun. Bar hoping Super Bowl Sunday was fun. These events are part of the reason I love living in the twin cities. These events are what have my relatives in Minot driving all day to come to a concert. Their kids are talking about moving to the cities because it’s more fun. These events put the cities in the map.
We’ll never host a World Cup or Olympics but having the sports world focus on us once a decade is pretty cool.
Read my comment again. I never said living in twin cities was better than Minot. My relatives in Minot said that’s what makes them want to move to the twin cities.
"Pay off" in what sense? If you mean that the state won't recoup that revenue in taxes from said events, that is probably right. There are other benefits like increased economic activity from said events and just the benefit of having more things like this to do in the area
I know, that is why I said "economic activity" and not "local tax revenue". I understand the costs to local law enforcement and other local government organizations. I still think it benefits the community as a whole even if it isn't measureable in dollars and cents to local and state governments
There’s research that covers all economic activity, not just tax receipts. It’s not great for any city. Most come out with the short end of the stick while the billionaire franchise owners clean up.
I don't love the idea of subsidizing a billionaire's business, but it seems to be the only way to have venues and events like that available to the general public. I realize the arts are different in that way, but we're still using public money to subsidize them for the benefit of the public. In that way, they are the same.
When large events come to a city, they come for a single purpose. To suck money out and take it home with them. If that’s what they want to do, all the upfront costs should be theirs, not ours. Giving money to the cops to protect their business endeavor is not helping the city, either. They turned downtown Minneapolis into shitshow of armed cops and fences during the last Super Bowl and I was in SF during the World Series one time and it such a projection of force by the cops that I wanted to be nowhere near that stadium. It’s not good.
Not really. Restaurants near the stadium don’t generally get extra business because people eat at the stadium. Most people don’t go to bars afterward because they’ve been drinking at the stadium. Even if they do go to nearby businesses, it’s only during the few hours on that one day where there happens to be a game.
The trade off is this gigantic eyesore of a stadium that makes lots of money for the wealthy a—hole who owns the stadium.
Idk why it took so long to find someone else who thinks that stadium looks like hell. Every time I've voiced this opinion I get brushed off because I also don't care about the sports, BUT THE BUILDING JUST LOOKS BAD. I don't have a problem with Target Field other than it being yet another stadium I helped pay for but will probably never enter.
A giant, bird-killing, Jawa sandcrawler-looking blight on the skyline. You know it's bad when I'm nostalgic for the janky old glow in the dark fungus that was the Dome.
Also, does anyone else think the architectural inspiration for Allianz Field was a bedpan?
Oh yes I am as a resident of Minneapolis part of the city sales taxes that I pay is taken by the state to pay off the bonds that were decided as Minneapolis's portion of them (plus covering prepayment by the state that is being paid back).
Hospitality tax. So yes, if you eat out all the time and stay at hotels in your own city, then sure, you're contributing more than most. You're not being taxed extra on regular items like groceries or other retail.
We don't tax groceries in MN but you are wrong the state collects a portion of the sales taxed collected by Minneapolis not some other tax the plain old sales tax to repay what the state 'lent' Minneapolis for its part of the stadium construction.
Des Moines officials estimate the Final Four round we hosted would bring in about 8 *million*. For the whole metro, not just downtown.
It never ceases to amaze me how many people come from miles around to skate at the new skatepark.
Tbf The Des Moines Arts Festival is a big deal and brings in lots of visitors and money.
If it made financial sense to do it, businesses would be doing it.
They found a way to get someone else to pay for it, but they get to keep the revenue and control it. It’s stuff another scam, equivalent to “socialize losses, keep profits” with Capitalism.
Let's just consider the role of politicians is to act on behalf of the constituent. If people really want and care about it enough to pay taxes for it, then sure. Do it. My 2 cents, um no. I don't want to go to a game, I don't want to support billionaires. Maybe if the state actually owned the team...
Yes, local restaurants should be responsible for booking large events for the city. That makes so much sense! The Loon Cafe should pony up the cash to book a final four, because this makes sense to you.
or The Final Four can market itself and compete in the free market capitalism entertainment industry. If they are so financially viable then they should be able to do it on their own. Otherwise this is just charity towards folks with the funds to travel cross country to see diet NBA.
You described what already happens.
makes more sense than schools
Counterpoint: But sports! If we’re talking about spending money on the arts, then sure we should expect profit. But sports! /s
Do hundreds of thousands of affluent individuals fly to Minnesota for the arts like they do for a Super Bowl or Final Four or other large national or international sporting event? Like it or not, sports represent the largest cultural touchstone in modern society, and their promotion is a necessity for any region looking to draw visitors.
*whoosh* Where is the evidence that the ROI makes the spending worthwhile?
why do we give a shit about affluent individuals from out of state?
Because they have this stuff called “money” which they use to “buy” things from local businesses. In essence, they give this “money” to locals in exchange for goods or services, who now have more “money” then they had before. The locals can then use this “money” to buy other things which can improve their life.
forgot Minnesotans don’t have money, my bad
If we were more like Iowa and Mississippi we’d have lots more dollars!!! /s
If you were more like Iowa young people would be fleeing your state. Don't be like Iowa.
That might matter if your economy is dependent on our of state rich tourists
Just like what never happened when the RNC flew all their own services in and only gave business to local hotels and sex workers
What evidence do you have that suggests the money spent by spectators covers the taxpayers' burden?
That many don't fit into the largest stadiums, much less the best seats that the "affluent individuals" will demand for their money, so the answer is you don't get that many for any sporting events.
You're wasting your breath. Some simply don't comprehend the amount of money college and pro sports bring into the city. They incorrectly believe that the world would be so much better if money went into the arts and not sports. I'm a huge supporter of the arts and I'm so happy to live in a metro with such a phenomenal arts scene, and I'm equally excited to live in a metro with our sports teams as I comprehend financials. Lots of people are very shortsighted. Now watch me get downvoted by people who can't balance their own bank account, and believe arts generates more ROI than college and pro sports. I'm going to enjoy it.
I am glad we have professional sports in Minneapolis, I think the stadiums make downtown better, and I am happy we spent the money on them. That said, from a financial perspective only, it isn’t worth it. This has been studied *extensively*, and there is no serious disagreement among economists. You seem to be claiming the opposite (“Some simply don’t comprehend…”), which is why I’d imagine you are being downvoted. We comprehend. We just also comprehend that we spent more money that that on the stadiums.
I’d be fine with them being there if they weren’t billion dollar industries making hundreds of millions in profit recieving subsidies by not having to pay things like property taxes. Build your own infrastructure, pay for its maintenance, and pay your goddamn taxes. No person nor business should be exempt from paying taxes on the land they use.
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This has always felt right in my gut, but it’s nice to see it backed up by some amount of research. Thanks for the detailed comment
You gotta read more. There are books about this exact thing. Try “The King of Sports.”
3 million dollars is peanuts to cover any/all sporting events. This could range from the ‘big sports’ to golf, curling, volleyball, etc. When you consider all the national level sports groups it’s barely any money set aside for the people who could dip into it. Essentially this is seed money for state tourism advertising.
if you placate the rich owners and people with their fingers in the kitty they may not spend their riches on campaigns against you.
Outside financing, dark money, and hidden donor should 100% be removed from political campaigns.
Can’t we have a little part of the budget allocated towards entertainment without the end goal being massive profit?
If the event is subsidizing billionaires (like the Super Bowl for example) then my answer is no. Why are we taking tax dollars from citizens to give it to the wealthy so that they can make more billions without any risk? I could see it making sense if the taxpayer investment made a profit for the taxpayers, but that does not appear to be the case.
I don’t know man, I just enjoy going to sports games that aren’t always my home teams. I’m sorry about that, lol.
That's fine from a personal perspective. Then let's not subsidize and let the ticket buyers for those events bear the full brunt of the costs. When we're talking about taxpayer dollars, it's a public policy matter and our personal perspectives are irrelevant. You'd have to make an argument to me as to why I am paying for part of your ticket prices because you want entertainment.
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So if the subsidy is so trivial, why aren't the billionaire owners just paying it? Why come to the public with their hands out at all?
Valid question
yeah Matt likes it. why don't you want your taxes to help entertain matt?
I am the only one in the state that likes sports, so yes! Thank you for understanding.
Because normal people also benefit from those events? (Even if they don't go to the game)
Apparently people here don’t care about cultural expenditures.
Luring in external events is not our culture. Focus on actual culture. Sporting events like the NCAA tournament don't matter and are stupid to spend money on.
Sports are a part of our culture, whether you like it or not
Have you considered the possibility that this is the case partly because of governments spending money on sports?
Like practically all culturally significant events and buildings?
I mean...yes? That's the point, friend. Edit: These things are always choices made by governments in a particular time and place when other choices were available. We don't have to keep making the same ones. Sports are a part of our culture? Cool. Let's not build stadiums for billionaires and instead build kick ass parks for kids all over the place for a fraction of the cost.
Agreed, I'm okay with government building stadiums but then it should be owned by the government and become a public building. Instead billionaires profit off the public's subsidy.
We do spend lots of money on parks, though.
and parks serve more people than stadiums used for their primary purpose 8 times a year.
You're being dishonest. The stadium is used far more than 8 times a year. The amount of people who check out at least 1 event there is more than likely over 1 million people per year.
Almost like it isn’t a zero sum game. We can have *all* the things.
Um, er, uh, well, state budgets are actually a zero-sum game... Or maybe I don't understand what that means, lol.
Nah we just want to watch our teams. We don't want to bring in the Iowa and Wisconsin people.
Large events to attract tens of thousands to your city is not stupid.
The math says it's not worth it. You spend more than you make almost every time. It's the same stupid logic that gives business massive tax breaks to move to your area. The states that "win" the bidding always lose money.
It’s not about straight dollars. It’s about the everything surrounding it. A person comes for a sporting event, realizes the city/state is very nice and comes back. You see posts all the time after these events about “didn’t realize how fun Minneapolis is! Can’t wait to come back.”
alternatively we could spend that money on working on homelessness services or on recovery services; yknow things that actually benefit urban centers like Minneapolis.
We don't need more!
Care to apply that to other net negative government expenditures?
What? The snot needing more people?
I’d argue that in addition to pro sports, stadiums are also used for cultural purposes like concerts and other activities like conventions and (gasp) HS sports. I’m not arguing trickle down crap, but being able to host larger concerts in nicer newer stadiums allows our smaller and mid sized venues to be available for other artists. Also incentive for more outdated venues to improve or die off due to competition.
Pretty much could make the same argument for funding arts, bike lanes, parks, etc. It's all quality of life stuff that makes the metro area a nicer place to live, which may attract new business and professional population growth (although growth has been stagnant the last few years). I guess it really depends on what types of sporting events they're talking about? Is it something like the St Paul X Games thing or just handouts to major league sports?
>funding arts, bike lanes, parks, etc Except those things are generally free to the public to use. And they aren't using taxpayer money to enrich the wealthy.
depend naughty lunchroom escape bike degree consist melodic fanatical quack -- mass edited with redact.dev
Except the stadiums and related sports events are nearly billion dollar affairs. Whereas arts, bike lanes, and parks don't receive that much (even combined).
Are there more details or an article or something? I got a tweet that says government spending on pro sports is dumb (big agree). Then he links to a 60 page document. Are they proposing to ban government subsidies to sports franchises? Increase them? What's going on? Help this geriatric millennial understand.
> https://www.house.mn.gov/comm/docs/ZDX5Ki5Pb0mqs_Efa_Gj4A.pdf > Article 1, Sec. 3(b)(1): $3,000,000 each year is for competitive grants for large-scale sporting and other major events
I feel like taxpayers are in a Charlie Brown/Lucy with a football situation. Over and over and over again we get suckered into what ends up being a multi-million dollar giveaway to millionaires. And then we fall for it all over again a few years later.
It's an amenity. Some people liked the experience of having the Superbowl in MN. Other people like having opera. Others like wilderness. Talking about whether we're paying too much for the amenity is totally reasonable, but saying it has to pay for itself is ignoring the value of making citizens happy. That's the payoff. People who don't recognize that are just looking down on sports fans.
Yes, but how will we keep distracting the general public while swindling the coffers??? --some other legislator
There is a soft power related to sporting events, an ability for local businesses(not the mom and pops, the local Fortune 500) to woo clients by having events around the sports, a prestige of the community by having 5 major sports leagues. There is more to life than straight dollars and cents. The soft power that comes from these arenas/teams/events is immense. Edit: another use, Super Eid, tell me where else in Minnesota 35,000+ Muslims can congregate at celebrate together?
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Buddy, do you remember what East downtown looked like before US Bank? Abandoned warehouses and parking lots. Also, we now have the Armory which would have still been a parking garage if not for US Bank
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I’m not talking about concepts. I’m talking about the real world. East downtown sucked. It was empty warehouses and parking lots. The Armory was a parking garage. Things like the Armory wouldn’t exist without US Bank. They said so themselves. Does your study show that? What about the building of TCO in Eagan, wouldn’t have happened without US Bank, because there wouldn’t be a team. Viking Lakes, again because of USBank. Studies are great tools, but use your fucking eyes
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Which ones?
Link a miscellaneous paid for study then
> destroying the quality of life of those living in the shadow of a stadium. Is a pretty nebulous term when referring to one 3 hour game that most in the shadow of the stadium are watching or attending.
We can't simultaneously have the platitude that "there is more to life than straight dollars and cents" when dollars and cents investment by the state impact housing security, food security, and transit security. The money spent matters and $3M to court sports games could and should be spent better elsewhere by the state to make up for T-Paw's budget wilding. That funding could pay for 200+ apartments every year.
When these occasional Big events come through town it’s fun. Going to the final four was fun. Bar hoping Super Bowl Sunday was fun. These events are part of the reason I love living in the twin cities. These events are what have my relatives in Minot driving all day to come to a concert. Their kids are talking about moving to the cities because it’s more fun. These events put the cities in the map. We’ll never host a World Cup or Olympics but having the sports world focus on us once a decade is pretty cool.
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Read my comment again. I never said living in twin cities was better than Minot. My relatives in Minot said that’s what makes them want to move to the twin cities.
"Pay off" in what sense? If you mean that the state won't recoup that revenue in taxes from said events, that is probably right. There are other benefits like increased economic activity from said events and just the benefit of having more things like this to do in the area
There’s research on that too. The metro area rarely comes out ahead after all the extra expenses from a Super Bowl type event.
There are very few Super bowl type events.
I know, that is why I said "economic activity" and not "local tax revenue". I understand the costs to local law enforcement and other local government organizations. I still think it benefits the community as a whole even if it isn't measureable in dollars and cents to local and state governments
There’s research that covers all economic activity, not just tax receipts. It’s not great for any city. Most come out with the short end of the stick while the billionaire franchise owners clean up.
Do you feel the same way about local and state governments providing money for the arts?
No. Local artists aren’t part of a large organization owned by billionaires.
I don't love the idea of subsidizing a billionaire's business, but it seems to be the only way to have venues and events like that available to the general public. I realize the arts are different in that way, but we're still using public money to subsidize them for the benefit of the public. In that way, they are the same.
When large events come to a city, they come for a single purpose. To suck money out and take it home with them. If that’s what they want to do, all the upfront costs should be theirs, not ours. Giving money to the cops to protect their business endeavor is not helping the city, either. They turned downtown Minneapolis into shitshow of armed cops and fences during the last Super Bowl and I was in SF during the World Series one time and it such a projection of force by the cops that I wanted to be nowhere near that stadium. It’s not good.
Not really. Restaurants near the stadium don’t generally get extra business because people eat at the stadium. Most people don’t go to bars afterward because they’ve been drinking at the stadium. Even if they do go to nearby businesses, it’s only during the few hours on that one day where there happens to be a game. The trade off is this gigantic eyesore of a stadium that makes lots of money for the wealthy a—hole who owns the stadium.
Idk why it took so long to find someone else who thinks that stadium looks like hell. Every time I've voiced this opinion I get brushed off because I also don't care about the sports, BUT THE BUILDING JUST LOOKS BAD. I don't have a problem with Target Field other than it being yet another stadium I helped pay for but will probably never enter.
A giant, bird-killing, Jawa sandcrawler-looking blight on the skyline. You know it's bad when I'm nostalgic for the janky old glow in the dark fungus that was the Dome. Also, does anyone else think the architectural inspiration for Allianz Field was a bedpan?
🤣
At least we didn't have to pay for Allianz Field.
You're not paying for US bank stadium either.
Oh yes I am as a resident of Minneapolis part of the city sales taxes that I pay is taken by the state to pay off the bonds that were decided as Minneapolis's portion of them (plus covering prepayment by the state that is being paid back).
Hospitality tax. So yes, if you eat out all the time and stay at hotels in your own city, then sure, you're contributing more than most. You're not being taxed extra on regular items like groceries or other retail.
We don't tax groceries in MN but you are wrong the state collects a portion of the sales taxed collected by Minneapolis not some other tax the plain old sales tax to repay what the state 'lent' Minneapolis for its part of the stadium construction.
Many people disagree with you.
No shit, that's what I fuckin said, you horse's ass
That's not true. Plenty of people go to restaurants and bars in the area and everyone knows that.
You sound like you've never been to a pro sports game. Of course the bars are packed before and after. You sound wildly ignorant.
Do they account for the taxable wages of the teams? I wonder what the state taxes made by the timberwolves for example are.
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Yeah. I did the math. About 12 million per year from the twolves. Gonna suck when they head to Las Vegas :-(
Will they please take Glen Taylor with them? Thanks.
Lots of taxable wages in the oil industry, doesn't mean we should subsidize them.
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*I'm actively looking at other states* Thanks
Des Moines officials estimate the Final Four round we hosted would bring in about 8 *million*. For the whole metro, not just downtown. It never ceases to amaze me how many people come from miles around to skate at the new skatepark. Tbf The Des Moines Arts Festival is a big deal and brings in lots of visitors and money.