Nationals Park Nonsense

We already know Nationals Park in D.C. has been an economic non-starter, and now it’s going to cost Beltway taxpayers even more money. From the Wa Po:

Fed up with the Nationals’ failure to pay $3.5 million in rent, eight D.C. Council members proposed legislation this week to capture more revenue another way: increasing the sales tax by 5 percent for most items sold at the new ballpark in Southeast Washington.

The Nats’ rationale is that the stadium wasn’t fully operational by Opening Day, so they’re squatting. Actually, they’re doing more than that: they’re demanding from the City payments totaling $100,000 a day, backdated to March 1. Let us remind you that this is, in essence, a private entity’s place of business that was built with more than $600 million in public monies.

Truly, the thirst for corporate welfare is an unquenchable one.

Advertisements

3 Comments

Filed under Uncategorized

3 responses to “Nationals Park Nonsense

  1. bla2222

    Great to have discovered your blog.

    I live in DC and the general consensus is, what do you expect from rich team owners. My architect partner says that this type of squabble is endemic to all construction projects. However, as you correctly point out, most of them are not funded by what might more truthfully be a total of $750 million tax payer dollars. Sad part is the owners can’t afford this public relations fiasco while telling us to wait for awhile until they can build a decent team.

    There has been a great deal of comment on this in the Washington Post. Tom Boswell’s column:
    http://www.washingtonpost.com/wp-dyn/content/article/2008/07/13/AR2008071301996.html

  2. daynperry

    Thanks for stopping by. Right–the figures in the press generally don’t take into account infrastructure costs and the value of the land. It’s a scam, but for some reason people allow it to happen. Again and again.

  3. bla2222

    Your welcome. The situation continues despite the material that a cottage industry of academics have produced showing that stadiums are not economic engines. Yet, most DCers think that the Version Center is responsible for bringing back part of the city’s downtown.

    The most interesting items currently involve land swaps for the potential DC United soccer stadium and the proposal for Dan Snyder to develop a stadium near RFK Stadium.

    Brett

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s