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Metropolitan DC Local Politics
Reply to "Wizards and Caps could be moving to Potomac Yard"
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[quote=Anonymous][quote=Anonymous]As a taxpayer and nearby resident, I want to know what the financial outcome/projections will be if the people do not come. We KNOW that Potomac Yards is much less accessible than the current arena. We KNOW lots of people won't make the trek. So what happens then? If the people don't come, don't buy the tickets, don't spend dollars at a new night district? Ted/Glenn/Justin are only boasting ultimate best case scenarios. What happens if they're significantly more lackluster in actuality? [/quote] The Virginia taxpayers are on the hook for the debt obligation on the bonds, for any amount that the concession tax, ticket sales tax and other taxes don't cover. The total obligation is closer to $5B, not the 1.5/2 publicly touted in December.[/quote]
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