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@Eric, the current stadium fulfills the needs of the non-Vikings events that happen every day, and the needs of the Vikings. The only reason a new stadium would be built is to satisfy the WANTS of the Vikings and Vikings fans, which is something that Vikings and Vikings fans are perfectly capable of paying for themselves. If they want to lease it out on the 355 days they're not using it, great. But, there really is no need for public subsidies. Or, if there is, the public subsidies should be...
Kevin, I guess I'd consider it a tax because it is a tax. Yes, gambling is optional, but if that's your reasoning no vice taxes are actually taxes. But, I think the easiest way to tell that it's a tad is that revenue is being collected that's fungible with tad revenue. In fact, that's exactly what's happening with the stadium with Minneapolis using sales taxes while the state used gambling taxes.
Why not earn income through capital gains instead of working for a living?
With sales taxes, the taxes - at least today - tend to fall on non-essential items, so you can eat and clothe yourself without paying any taxes. Property taxes are a tougher one to avoid.
That said, whether it's an essential or non-essential item or service and it's taxed, it's a tax.
@Mark, if it takes three dollars to create one that actually goes toward the charitable cause, perhaps there are more efficient ways to generate revenue? Do people, who think their money is going to a good cause, realize that only 1/3 of it makes it to their cause (and, it sounds like that's 1/3 of the share of losses that goes to the charity, so far less than 1/3 of the gross losses).
I happened to attend an empty bowls fundraiser tonight for a charity. The soups were donated by...
@Dave B, thanks for the update. It looks like the Strib has switched to an online form available here:
http://apps.startribune.com/tcv/feedback.php
Are Vikings fans going to stop eating, drinking, or finding ways to entertain themselves on 10 Sundays per year if the team leaves? That's what it would take to make the numbers above make sense. I have a hunch that most Vikings fans would find other ways to spend their dining and entertainment dollars in the state, so the true net loss if far lower than Home Team Advantage would like you to believe.
@Dennis, are you really suggesting that providing half a billion in corporate welfare to a private out of state business is the best use of public revenue?
@Connie, Cory lives in Shakopee.
Great stuff. If Wilf is interested in developing hundreds of acres of publicly subsidized land around an NFL team stadium, he may have chosen the wrong team to purchase.
I have a pretty good quality of life in MN even during the 8,736 hours per year the Vikings aren't playing. What's another 24 to save $650 million?