|
I live in Columbus, Ohio U.S.A.
The City government projected growth in local business and civic pride would result from the addition of a professional ice hockey team.
Voters rejected the $150M request to fund construction of the arena. No problem, the private investors stepped up to build it...they had the money, they just wanted to keep it.
Ten tears later, the team is in financial difficulty and may be leaving the city. The arena has little other use. Too bad for the rich guys, the taxpayers didn't get stuck with the bill.
Private ventures to promote local economy in any form are great...hell, if it works, give them a tax break after the fact. Otherwise, you are spending taxpayer dollars that will not necessarily benefit the taxpayers.
Not in my city, while I have a vote.
|