[Mpls] Carl Pohlad's "Contribution"
Jim McGuire
jim at karitauring.com
Sun May 1 16:32:38 CDT 2005
I'm somewhat of an agnostic on the stadium deal, but the more I read about
it the more I'm annoyed with how it's being spun in the media. My biggest
annoyance? Carl Pohlad's "contribution" of $125m. If Pohlad was truly
contributing that money out of his pocket, I'd be more inclined to support
the concept. I love baseball, and it is a really small tax. (Don't get me
wrong, I still struggle with this because I think there are other prioriies
- such as proposals for a metro-wide .25 pct tax for transit).
What bugs me the most is reading that Pohlad owns the naming rights. I
just read that the average received by pro teams for naming rights is
$54.6m (the Wild are getting considerably more for the Xcel Center so I'd
consider the $54.6 to be a low estimate as to what Pohlad gets). I'd say,
roughly, half of his "contribution" is coming from naming rights.
If the media would tell us that clearly that'd be one thing. Maybe that's
been covered well in more in-depth stories and I've missed it, but I
consider the repeated statement of Pohlad's "contribution" to be a snow-job.
Jim McGuire
Como
Check out the Usual Suspects Blog - http://www.browncross.com/usualsuspects
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