Pretty sure taking from the masses and giving to the rich is the definition of the opposite of socialism, but yeah.
Posts by Field of Schemes
At a 4% interest rate, Missouri's $900m in stadium bonds would cost ~$50m a year to pay off, while bringing in only whatever slice of $28m/year in state, county, and city taxes attributed to the Royals actually goes to the state, and is actually new money.
Adding property tax "relief" to a $2B Bears tax break would just blow an even bigger hole in the state budget, so Illinois would either have to raise other taxes to compensate or cut spending on other services.
The city's share is from a ticket surcharge, so that part isn't too bad. The team is asking for another $25m from the county tomorrow, though.
The Vaportecture art prints are as of yesterday all gone, but still plenty of fridge magnets left! www.fieldofschemes.com/supporters/
To show you what a generous guy I am, if anyone ever gives me $1 billion, I will cover all cost overruns.
Rays CEO Ken Babby warned the Hillsborough County Commission that "time and action are of the essence" for a $1B stadium subsidy or else "we would have no choice but to evaluate alternatives," in a tour de force of don't-make-me-come-in-there-ism.
Sources of public money for a Rays stadium may include sales tax money that voters were told wouldn't be used for stadiums, catastrophic/disaster response funds, property taxes from the area around the proposed stadium, and reply hazy, ask again later.
Spending tax money to upgrade Tampa's football stadium so it can compete with a new Tampa baseball stadium built with tax money may seem like an odd way to run a railroad, but this is where we are.
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If you check the linked KC Biz Journal article, when asked about selling Crown Center, a Hall family spokesperson ducked the question, saying only "We support [the Royals'] efforts to bring their ballpark Downtown."
Mayor Quinton Lucas has floated a $600m TIF district for the entire Crown Center — which would siphon off not just taxes from spending on baseball, but on Kansas Citians going out to eat or even visiting the aquarium in the general vicinity of a stadium.
Maybe it's best to say AECOM "hallucinated" the economic impact of a Rays stadium, since much like AI, its report produces definitive answers while giving no reason to believe they're more accurate than what you'd get from asking the nearest 3-year-old.
Sometimes a 140-foot cigar is just a cigar.
Direct democracy is historically a stumbling block for sports subsidies: Royals owner John Sherman could certainly pour money into fighting a stadium ballot measure, but it's been proven way easier to win over a handful of local elected officials.
We're at a minimum of $2.1B in public costs for the entire Rays stadium project, and a maximum of who the hell knows, but numbers like $4B or even higher are certainly not out of the realm of possibility. www.fieldofschemes.com/2026/04/10/2...
So ... $600m in cash? Would the Royals pay anything for the public land they'd be using? Would they pay property taxes? Rent? A cut of stadium revenues? The known unknowns are stacking up fast.
Hillsborough County previously identified $2.6B worth of roads, sewers, etc. to use Community Reinvestment Tax funds on — meaning diverting $437m to a Rays stadium could require cutting back on building actual public infrastructure.
Even Chris Boles seems to recognize that writing an entire Rays stadium op-ed around "What is money, really?" wasn't going to go far, because he's padded it out with an absolute fusillade of baseball metaphors, each one making less sense than the next.
All this "Illinois is on the clock or we'll move to Indiana" talk should make clear: Bears owner George McCaskey would rather not leave the state, or he'd have already accepted Indiana's $4B stadium offer because there's no way Illinois will ever match it.
Vaportecture is designed to show a project in the best possible light, and a translucent garage indeed makes the Commanders stadium look better but also raises questions like "Will the garage be limited to translucent fans driving translucent cars?"
Tax surcharges on tickets and concessions largely fall on team owners, as these reduce their ability to hike prices as much as they would otherwise — it remains to be seen if Cleveland can impose them to pay for Guardians and Cavs costs, but worth a shot.
Oh agreed 100%. Which is why it makes way more sense for Lurie to make vague statements like “I don’t see geography” and let the media do the rest.
While that would be hilarious, I suspect this is more of a leverage move by Lurie, if anything.
I should be clear I don't think Lurie is actually likely to move the Eagles to Jersey — but putting that possibility in people's heads to get money out of Philly is another story.
The Bucs owners must decide by next January whether to extend their lease, though that's really more pressure on the Glazers than on Tampa, since they'll have nowhere to play in 2028 if they don't.
Can you elaborate on what you mean here? Clearly lots of team owners at least float move threats, serious or not, to give politicians cover for approving the stadium subsidies that they're demanding. (The Chicago Bears' dalliance with Indiana is only the most recent.)
Yeah, it doesn't have to convince the people of Philadelphia, though, just Philadelphia elected officials. Cf. Josh Harris playing footsie with Jersey to get his Philly arena approved, before using that as leverage to get the Flyers to go in on a different Philly arena.
It should be no surprise Eagles owner Jeff Lurie is floating the possibility of a possible move outside Philly — especially after the Chiefs and Bears owners suddenly got multibillion-dollar stadium subsidy offers after creating interstate bidding wars.