Sherman Douglas wrote:I take it you don't read Sonics Rising or Twitter any time there's a big development on the Bucks arena front? Plenty of Sonics fans either lamenting that we got closer to getting it done, or explaining how they can still steal team from Milwaukee if A and B happen etc.
I was obviously exaggerating. Not every Sonics fan wants to get the team from Milwaukee. But I've seen enough of them that do to really piss me off. If the Bucks had moved 10 years ago I wouldn't be campaigning to steal a team from another small market town with a passionate fanbase that doesn't deserve to lose a team. That's lame as hell.
I read and post on SonicsRising and outside of a few(that post it quite often) most guys want you to get things done so it doesn't hold up our stuff any longer.
The editors/staff and knowledgeble users usually talk about not looking at Milwaukee and finding other ways to get a team back.
Of course there are some that will talk it up and say some stuff, but it's the internet and there's crap writtin everywhere.
aValpo wrote:I think some people are assuming that this will come down to a take-it-or-leave-it scenario for the taxpayers where they will have to decide whether or not to extend the MP tax.
I don't think this will happen. The take-it-or-leave-it scenario actually applies more to the new owners than it does to taxpayers as they know full well that the amount of apathy towards the Bucks in the city makes asking for sales tax money an impossible task. At this point they know any referendum in Milwaukee would fail miserably. So I feel the ball is on the owner's court, not the taxpayers'. They will ultimately have to decide if they want to pony up more cash to keep the team here, or sell the team back, probably losing money in the process, and losing out on their chance to own an NBA team, something which they wanted all along. I feel it's really going to be owners vs arena/NBA, not taxpayers vs arena/NBA.
I'm not sure a TIF will generate $200 million in tax, and I'm certain the jock tax won't generate a whole lot either, but ultimately I think they'll take what they can get and realize they don't really have the leverage. They want an NBA team, and that will ultimately drive them to not let the team turn back over to the NBA. The Sacramento Kings funded $222 million for their new arena, and their primary owner's net worth is an estimated $700 million. Even if a sales tax miraculously passes, the Bucks are going to pay more than $100 million for the stadium.
I doubt that those guys want to pay more for it.
They bought the team and agreed to pay another $100 mil for the arena. If they pony up more money, they'll lose that as well and the only way they could make money later would be by selling the team afterwards.
So all things considered, the ball's in the hands of the elected officials who have to decide if they want to pony up the taxdollars needed for this arena.
The NBA has already told you what they expect and they always side with the owners, as their business model requires the markets to chip in(about half the cost at least) for their new venues.