March 29, 2005
Tax Break Dancing
The Marlins had a legislative committee approve a $60 million tax break to help them build a new stadium. It's a kick-back on new revenue the stadium will supposedly generate. It's not clear from the article what happens if the new revenue doesn't come in.
Baseball Musings is holding a pledge drive during March. Click here for details.
Posted by David Pinto at
10:20 PM
|
Stadiums
|
TrackBack (0)
It's also not clear where the assumption that this ballpark will generate $8 million in incremental tax revenue comes from. To generate that much in incremental tax revenue, you'd have to generate more than $110 million in sales. That's sales that you wouldn't have without the stadium.
I suppose they can generate some of that through higher ticket and parking prices, and higher prices for food. But if they draw 2 million people per year, that breaks out to $55 per person - each time they come to a game.
To me, this figure sounds ridiculously high.
