Quote:
Originally Posted by BevoLJ
(1) Those three events alone would put it at a $27 subsidy not $125 (I used only the three main days not the full weeks worth of stuff per event).
(2) Something new that would put Austin on a stage for the whole world to see and bring in people from all over the world. It has a huge potential to be something great for the city.
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(1) Does any event other than F1 get a part of that $25 Million/year from a state's trust fund? Why just F1? The correct answer = BRIBE.
(2) Look at the F1 history of the US Grand Prix in Watkins Glen once again, were there any major economic development started by "International" visitors near it? The correct answer = NO.
I'm tired of taxpayers being asked to support "pie in the sky", "chicken in every pot" economic developments, directly or indirectly.