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Post by azbob643 on Mar 23, 2024 10:38:52 GMT -5
The Roster Depreciation Allowance (“RDA”) permits a team to deduct a player’s contract not only as a depreciating asset (amortization), but also as a current business expense – a form of double deduction accounting. One of many reasons I have a hard time with public funds being used to build sports venues. I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. |
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Post by jiminy on Mar 23, 2024 10:40:59 GMT -5
Yankeesource: Scout on Anthony Volpe’s spring: “if he can maintain some of this contact, he’s going to be quite a catalyst. Could see him moving up to the leadoff spot at some point. We’re just scratching the surface with the kid.”
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Post by inger on Mar 23, 2024 10:50:13 GMT -5
The Roster Depreciation Allowance (“RDA”) permits a team to deduct a player’s contract not only as a depreciating asset (amortization), but also as a current business expense – a form of double deduction accounting. One of many reasons I have a hard time with public funds being used to build sports venues. Cities get suckered in every time. Fear of losing their franchise and the revenues from the big crowds coming in throwing money around at the business venues near the ballpark… And the prestige of having teams… |
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Post by azbob643 on Mar 23, 2024 10:50:49 GMT -5
One of many reasons I have a hard time with public funds being used to build sports venues. Cities get suckered in every time. Fear of losing their franchise and the revenues from the big crowds coming in throwing money around at the business venues near the ballpark… And the prestige of having teams… See my last post... |
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Post by rizzuto on Mar 23, 2024 10:52:25 GMT -5
Yankeesource: Scout on Anthony Volpe’s spring: “if he can maintain some of this contact, he’s going to be quite a catalyst. Could see him moving up to the leadoff spot at some point. We’re just scratching the surface with the kid.” Wish they'd stop scratching or we're going to have another starter on the IL. |
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Post by rizzuto on Mar 23, 2024 10:55:23 GMT -5
One of many reasons I have a hard time with public funds being used to build sports venues. I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. Similar to what happened in San Diego and the Gaslamp District. Before building Petco, that area was dirty and filled with derelicts and porn shops. Now, it's a thriving shopping and dining venue. |
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Post by inger on Mar 23, 2024 10:58:26 GMT -5
I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. Similar to what happened in San Diego and the Gaslamp District. Before building Petco, that area was dirty and filled with derelicts and porn shops. Now, it's a thriving shopping and dining venue. True it is. But the derelicts and porn shops just move to another location somewhere else in town… |
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Post by azbob643 on Mar 23, 2024 11:02:39 GMT -5
I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. Similar to what happened in San Diego and the Gaslamp District. Before building Petco, that area was dirty and filled with derelicts and porn shops. Now, it's a thriving shopping and dining venue. Yep. I think the "street people camps" have moved to the south of Petco. Although the last time I was there, stayed at The Horton Grand in the Gaslamp, it seemed at least some had returned. If things go according to plan I'll be there late May when the Yanks visit. It'll be interesting to see what the area looks like then. |
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Post by chiyankee on Mar 23, 2024 11:14:04 GMT -5
Similar to what happened in San Diego and the Gaslamp District. Before building Petco, that area was dirty and filled with derelicts and porn shops. Now, it's a thriving shopping and dining venue. True it is. But the derelicts and porn shops just move to another location somewhere else in town… Or they just moved to Tijuana. |
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Post by chiyankee on Mar 23, 2024 11:19:56 GMT -5
One of many reasons I have a hard time with public funds being used to build sports venues. I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. Some of the cities that help fund these new stadiums and arenas also share in the parking lot revenues generated not only by sporting events but also all the concerts and other events that these venues host. It still don't think tax payers should be paying to build these new stadiums but I can understand the thinking of cities. |
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Post by azbob643 on Mar 23, 2024 11:43:44 GMT -5
I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. Some of the cities that help fund these new stadiums and arenas also share in the parking lot revenues generated not only by sporting events but also all the concerts and other events that these venues host. It still don't think tax payers should be paying to build these new stadiums but I can understand the thinking of cities. I suppose it depends on one's perspective. Taxpayers reap the benefits in the form of additional revenue generated by the existence of pro sports teams & venues. For selfish reasons, I wanted the ballpark to be built in the suburbs south of Denver. What pizzed me off was that of the 4-5 counties in RTD at that time only Denver voted against the .001 increase. Yet, that's where Coors was built. Admittedly, while that was the best choice...still bugged me. |
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Post by ypaterson on Mar 23, 2024 11:46:50 GMT -5
One of many reasons I have a hard time with public funds being used to build sports venues. I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. I have a hard time with public funds for private uses but that does not mean it is never appropriate. I've seen economists argue for each side. |
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Post by azbob643 on Mar 23, 2024 11:48:03 GMT -5
I believe in at least some cases there is a substantial ROI when using taxpayer funds to build a ballpark. For instance, voters in Metro Denver were asked to increase the RTD tax by .001 in order to build Coors Field, which was required by MLB in order to grant Colorado ownership an MLB franchise. No Coors Field...no Colorado Rockies. The area in which Coors Field was built was a rundown warehouse/industrial district. It is now a thriving, vibrant urban environment, not to mention the economic impact an MLB team has brought to the state as a whole in the form of tourism, etc. I assume there's data to support this. I have a hard time with public funds for private uses but that does not mean it is never appropriate. I've seen economists argue for each side. Could be an example of "cutting off your nose to spite your face". |
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Post by ypaterson on Mar 23, 2024 12:13:14 GMT -5
Similar to what happened in San Diego and the Gaslamp District. Before building Petco, that area was dirty and filled with derelicts and porn shops. Now, it's a thriving shopping and dining venue. True it is. But the derelicts and porn shops just move to another location somewhere else in town… For me the most important aspect is the potential to creat jobs that guys who did not attend Stanford can fill. |
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Post by ypaterson on Mar 23, 2024 12:18:56 GMT -5
I have a hard time with public funds for private uses but that does not mean it is never appropriate. I've seen economists argue for each side. Could be an example of "cutting off your nose to spite your face". Every situation is different. But one factor that is common is that public financing is a big part of sporrs. There might be a monument to Lon Trost in Yankee Stadium one day for all the money he obtained to build the new Stadium ! |
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