SadistDave -> RE: What is going on in Michigan? (7/6/2013 12:39:26 AM)
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The Silverdome is in Pontiac... which is essentially Detroit. Let's be honest. Detroit was a cesspool and the local government has been a complete failure for decades. Which is why it had Emergency Management. The only other alternative to Emergency Management was to raze the entire city and start over again from scratch, but the gang members who actually control the city are mostly minorities and that would upset liberal sensibilities too much. So, the Silverdome went up for sale. Why? Well, most likely because stadiums tend to suck up revenue, and in a city like Detroit, which has cut back on education, LEO, public services, public works, and the normal things that you expect in an American city needs... well, they need every available dollar. I don't know about the particulars of Silverdome, but to put this in perspective a bit... Kansas City has several arenas. Our most recent is the Sprint Center. Now, if you read the Wiki you will learn a few uninteresting facts about the place as well as the fact that it opened on time and on budget. What you won't find in the Wiki (and something you wouldn't know unless you happened to be interested in Kansas City politics) is that Kansas City tax payers will be spending around 22 million of dollars a year for the next 20 years to keep the place open. Unlike Pontiac/Detroit Michigan though, Kansas City has not been criminally mismanaged by idiots for the last 50 years. If the Silverdome has been costing Detroit taxpayers a single dime to keep open, then it was absolutely the right decision to sell it and use the revenue from the sale for necessary services. If Kansas City ever reaches the point that we cannot afford the LUXURY of owning The Sprint Center, then I will be absolutely 100% behind selling it off as well. I'm curious about one aspect of the Silverdome sale though. Is there some sort of deal included in that price? It would seem a little odd to pass up an 18 million dollar sale in favor of 550K, but does the sale include a guarantee to sell back to the city when the city can afford it, a percentage of the gate, or some other caveat that would make such a low price more desirable in the long term than the higher cash price? -SD-
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