Yes we do have a local income tax
How much comes back in player salaries, concessions, seat sales? Well apparently most players make more in salaries, there is merchandising if they are famous enough. But I wonder how much comes back in taxes? Do they tax them the same 1% salary that we get taxed? Is it just the base salary, or the bonuses, stock shares, and perks as well that get taxed?
Anyway you look at it, the local income tax is a small percent of what they get from the $380M "gift" to the team owners to build them a new stadium. Not a loan mind you, richfare gifts. Heck, they even will throw in city workers to help upkeep the staium after it is built, all on the taxpayer's salary.
Parking? You must be joking? parking is full even when there is not a game in town. That is how they use the Metrolink instead of parking downtown. trust me, I used work downtown. It was much better to ride the Metrolink rather than hunt for a parking space. Even when the firm had a deal with a garage to give us space. That garage always gave our spaces away to convention people, or sold the space to sports fans despite us having reserved it.
Are you saying that the team owners and players could not afford the $380M cost of building a new stadium? Oh boo hoo, no more gold teapots or diamond paperweights? :)
Show me the return on the $380M investment, even the team owners could not do that.
Moving the companies into the subburbs is not such a bad idea, you know. The city sucks the life out of you after a while.
"In order to completely solve a problem, you must make sure that the root of the problem is completely removed! If you leave the root, the problem will come back later to get you." - Norman King