Saturday 18 July 2020

The Economic Disaster in Plain Sight

If you go to cities like Atlanta, Chicago, or Phoenix....the local major sports complex is part of the economy, and part of the tax revenue 'game' that helps the city survive. 

People come (sometimes flying in) to catch a game with their team. They might stay two nights in a local hotel (figure $150 a night minimum), spend $200 on food for the weekend, spend at least $150 on entry tickets to the game, and spread around $100 on minor items.  That's $750 minimum spent.

In a town like Milwaukee, with the Bucks (NBA fame)....the season matters.

In a town like Detroit, the Pistons season matters.

So you add up Covid-19 worries, BLM/antifa effects, and current negativity among fans....somewhere out there....there is this disaster waiting to happen.  Imagine an entire NBA season....crapped out and no income for the city.  Imagine also....all the tax revenue that would have flowed into the city....wiped out.

Hotels, upscale bars, and dozens of attachments in each major city....all affected.

So who runs all of these cities...political party wise?  Democrats.  How will they react when 10-percent of the revenue funding doesn't exist and various jobs were lost because of the sports mess going on?  You don't find journalists asking this question.

It ought to be out in full view. 

You had three rich idiots in most of these cities....willing to participate in MLB, NFL and NBA franchise operations.  People paid crazy-money to watch a game, and spent even more money on fan-junk (jerseys, hats, jackets, etc).

For the cities who paid for the arena, stadiums or parks?  Well....what exactly will you do with a stadium but no team?  How will you handle a 15k fan arena for basketball.....if no one will come? 

1 comment:

bob searcy said...

i suppose they will follow the lead of bloomington indiana ( liberal college town ) . they intend to immediately increase taxes on the working population to fund more programs for the downtrodden .

if thats what the population voted for , its hard to feel sorry for them when it all goes ' venezualia ' . id correct that misspelling if i cared one iota .