Quote:
Originally Posted by Paniolo Man
I will protest if a single dime of taxpayer money is spent on pro sports.
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As expected, the article above confirms the plan is to follow the roadmap that has failed in so many other places. Which is to essentially use taxes “generated” from the arena/entertainment district to subsidize the cost. It seems the plan for Utah is to make it agnostic so it can be used for any entertainment district, sounds like full state community input may be involved…
That means you and many, many others will have your say to support or oppose it. I do not expect the community support for this “property tax increment” plan will not go well. The opposition we saw in Tempe, for something similar for the Yotes arena was fierce and the messaging was “don’t subsidize billionaires.” The opposition didn’t have to spend or organize a lot to easily defeat the bonds.
Can Utah pass it without any vote? Not sure… will the state government support it with loud opposition from constituents…. So many questions, very few answers yet.
From the article-
Rep. Jon Hawkins, R-Pleasant Grove, is running the bill to allow for the creation of an “entertainment district.” His yet-to-be-released bill is titled “Entertainment Zone Amendments.”
Legislative leaders have said they do not support directly giving public money to fund a stadium, but they do support other types of financing. That’s what Hawkins’ bill will do.
“It is it is more of a zone where we are able to, you know, collect the property tax increment that allows us to basically reinvest back in that area,” Hawkins said.
Hawkins said local communities would have a say in decision-making.