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Wish they would stop reporting this. That’s 6.2 million that could have gone back in the stadium. Except the contract isn’t written that way
It sure would be nice if the businessman actually paid for his own business and took care of his own overhead and we could use the sales tax for public services.
Not a lot different than almost every company seeking inducements from a city/ state to locate their business/ expansion in Indiana. Plenty of corporate welfare everywhere you look. Is it a good thing? Sometimes, maybe, other times, maybe not. If you don’t like the stadium deal, take it up with the government agencies and officials that approved it. I personally think they gave away to much to the Colts.
I’m not a fan of corporate welfare in any shape or form, but incentives usually come in the form of tax abatements. This was full-blown “impose a sales tax on the region that nobody asked for and nobody will benefit from” level of grift. Irsay gets to keep all of the money from the naming rights, ticket sales, concessions, etc. and the CIB pays for all of the maintenance of the facility as well as the construction. I mean, it’s astounding. The State won’t let us have a local sales tax because reasons but they will throw literally hundreds of millions of dollars at one man to retain a football team that plays 8 times a year.
Wish I didn’t know this.
And yet you clicked through the link and scrolled down to the messages.
“Taxpayers buy Irsay yet another ridiculous toy”. Fixed the headline for you IBJ
Yea Jim, the stealing of tax payer dollars to fund you narcissistic habit doesn’t play well with a poor stiff trying to put $5 gas in his car to get to work for $16 an hour.