why are you pretending this is an original idea? |
Huh? It would hard to imagine a worse case for public subsidizing the stadium. I can’t imagine DC paying for new offices for any other super-profitable corporation. If the team wants to move back to DC, they can pay for the construction costs, market rates for the land the stadium and any parking will occupy, whatever infrastructure needs to be built to support the stadium, and the MPD overtime for the games. In fact, they can also pay additional taxes commensurate with the various negative externalities stadium events generate for everyone else in the city, which include traffic jams, pollution, noise, litter, and petty crime. If there is another city whose hard-working residents want to pay for all that so that billionaires can make even more money, then then Commanders can go there. |
um, they issue bonds. look into it under "project finance". idiots. Where in the city are you again? |
Why are you so obsessed with where people live? It’s a little creepy. If the Commanders are so profitable, why can’t they issue their own damn bonds? Why put DC taxpayers on the hook and crowd out the ability of the District to finance other, more economically and socially productive, ventures? DC doesn’t need another stadium and certainly not a football stadium. |
Here we have a shill for billionaire owners and millionaire players calling taxpayers “idiots” because they don’t understand that “bonds” are magic money. Educate yourself, fool: https://envzone.com/the-sport-stadium-debate-why-privately-owned-buildings-built-with-public-money/ |
What a weird accusation. Please list the current at-large councilmembers who would vote against a stadium. |
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DC has used public financing very effectively.
That article is old. They are still talking about the Wizards moving to Alexandria. |
DC has used public financing very effectively to transfer wealth from taxpayers to billionaires. The article is from June 2024. Nothing material to this discussion has changed in the interim. |
DC can’t issue bonds when we hit our spending cap and thus current far left council is pushing the limits. I’m an urban planner and I can tell you that a football stadium is not the revenue dream you think it is. Yes, the commanders are insanely profitable..for the OWNERS. To make this viable, DC needs congress to approve local control for the entire 100 acre site along the water front and build a new neighborhood like the capital riverfront. However, this will get litigated into oblivion, no way DC can they this done in under 10 years. |
I don't think it will get caught up in litigation. I think it will go smoother than you think. It's federal land. |
The city won’t be able to develop anything along the waterfront north of C St without decades of litigation. The area between C St and the Congressional Cemetery is fairer game, but you’re never going to get a real waterfront there because Kingman Lake and the Anacostia Railroad Bridge. Any entertainment district there is going to be as dead outside of game times as the area around FedEx is now and even then is only going to be drawing people away from Navy Yard and the Wharf. DC probably has a couple too many entertainment districts as it stands. The last thing the city needs is to publicly finance another one. |
cities always pay for at least this |
because municipal bonds are less expensive to issue and more efficient for investors |
It wouldn't draw people away from the Wharf and Navy Yard...it would extend those riverfront neighborhoods east as the District population continues to expand. That was the vision under Tony Williams, and it will likely be realized in his lifetime. |
The current councilmember could have written this. |