Jun 28, 2011
Arena Shell Game
Back on May 22, this blog ran a guest post by School Board member David Zimmerman, titled Our School Tax for Hockey Arena. Today, the Morning Call catches up with an article explaining how the arena will be financed. Anybody who fully understands the article, please phone me, I need help with my tax return. Although the article states which entity may get some money back, it doesn't address the 64 thousand dollar question. (reference to television show from the 1960's, when that was a lot of money) You do not make payments on a $100million dollar loan, and get anything back from a minor league hockey team. The Arena Authority will need to use every possible legal steal allowed, including holding you upside down and shaking the coins from your pocket. In short, this will indeed cost the school system, at least indirectly. The Pawlowski Palace of Sport doesn't come cheap.