[Mpls] Tif, Vikes, Rybak and stadiums

[Allen]

Good idea.  However, I still think it misses the real story.  How can a 
team worth nearly 2/3rd a billions dollars, a team whose value has more 
than doubled in 7 years, not be able to put together their own financing 
to build a stadium on their own?

This is why I oppose the city getting involved in any stadiums.   The 
money is there in these sports.  Baseball, football, and others can 
afford to build stadiums on their own.  They choose not too because the 
public, or at least the politicians they elect, time after time cave 
in.  It's like the bad parents who keep saying to their friends they're 
going to put their foot down the next time their teenager does XYZ but 
when push comes to shove they cave in and the kid continues to behave 
badly. 

Allen Graetz
Lowry Hill

Steve Cross wrote:

> In my last post, on the high sales price of the Vikings, I asked, "And 
> absolutely nobody among the media and public officials is saying, 'Is 
> this nuts, or what?'"
>
> After I thought about it for a while, I wondered why there shouldn't 
> be something like TIF tax treatment in the future sales price of the 
> Vikings if the public pays for a new stadium and then the now new 
> owner does sell the team for something like $1,562.5 BILLION that I 
> wondered about.  A 25% tax on the increase in value would yield over 
> $234 million.  And that would go a long way toward paying the public 
> back for its investment on the front end.
>
> Steve Cross
> Prospect Park
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