Author Topic: Bucks plan to fund new stadium w Jock Tax?  (Read 925 times)

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Bucks plan to fund new stadium w Jock Tax?
« on: February 04, 2015, 05:30:33 PM »

Offline D Dub

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Anyone have an opinion on Gov Scott Walker's proposal?   


Quote
Walker's proposal would pay off the bonds by 2046 through projected growth in income taxes paid by NBA players.

I'm not authority on the matter, but feels like this circumvents recent revenue split agreement.  Thoughts?

http://espn.go.com/nba/story/_/id/12278010/milwaukee-bucks-arena-plan-proposed-gov-scott-walker-zero-chance-says-wisconsin-speaker-robin-vos





Re: Bucks plan to fund new stadium w Jock Tax?
« Reply #1 on: February 04, 2015, 05:35:09 PM »

Offline Quetzalcoatl

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He's paying for a for-profit basketball stadium with a $300 million cut to the University of Wisconsin, when their stadium is already pretty decent. 

Re: Bucks plan to fund new stadium w Jock Tax?
« Reply #2 on: February 04, 2015, 06:06:54 PM »

Offline D Dub

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I'm scratching my head at legislation forcing NBA employees to foot the operating costs for NBA owners. 

Either ownership gets a risk-free business model or they sell the team at its peak value.

Re: Bucks plan to fund new stadium w Jock Tax?
« Reply #3 on: February 04, 2015, 07:13:49 PM »

Offline LooseCannon

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He's paying for a for-profit basketball stadium with a $300 million cut to the University of Wisconsin, when their stadium is already pretty decent.

Actually, he's proposing cuts to the University of Wisconsin (and other measures such as zero increase in money for public schools) as part of an attempt to pay for his promise to lower property taxes, after his previous tax cuts have led to a projected shortfall of almost $2 billion over the next two-year cycle.  The jock tax is another way to protect his ability to build his resume for a presidential run.
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