Drillers Ink Deal to Move Downtown

[Gaspar]

This is great!  

Channel 6 had a story on the deal on Friday.  One of the quotes caught my ear (I wish I remembered the reporter that said it).

"The new 60 million dollar ballpark is anticipated to  make the city over a hundred thousand dollars in sales tax revenue."  

I assume she meant "each year."  That's over 1/10th of a percent yearly return.  

[sgrizzle]

I heard that same report. If they wanted a more positive spin they should've said:

"The new 60 million dollar ballpark and surrounding development is anticipated to make the city over a hundred thousand dollars in sales tax revenue per year."

[TulsaSooner]

What is your point?  The new streets capital funding will return $0 on investment.  In government, not everything is done with an eye toward the bottom line, it's with an eye toward quality of life.  If you can reap a few hundred thousand in additional sales tax revenue, all the better.

[sgrizzle]

quote:Originally posted by TulsaSooner

What is your point?  The new streets capital funding will return $0 on investment.  In government, not everything is done with an eye toward the bottom line, it's with an eye toward quality of life.  If you can reap a few hundred thousand in additional sales tax revenue, all the better.

The point was that the $60M is a onetime outlay so it sounded like the $100,000 was the only return instead of the fact it was annual.

[TeeDub]

quote:Originally posted by sgrizzle

The point was that the $60M is a onetime outlay so it sounded like the $100,000 was the only return instead of the fact it was annual.

$60M in a bank account earning you 3% interest will earn you $1.8M a year.

[RecycleMichael]

The construction of this ballpark is going to employ quite a few workers. Those payrolls will also go into the local economy. That impact will be much greater than the $100,000 additional sales tax generated by having the facility inside the city limits.

[sgrizzle]

quote:Originally posted by TeeDub

quote:Originally posted by sgrizzle

The point was that the $60M is a onetime outlay so it sounded like the $100,000 was the only return instead of the fact it was annual.

$60M in a bank account earning you 3% interest will earn you $1.8M a year.

And in two years you'll have $63.6M and have to drive to Jenks to see a Drillers game.

[TeeDub]

quote:Originally posted by sgrizzle

quote:Originally posted by TeeDub

quote:Originally posted by sgrizzle

The point was that the $60M is a onetime outlay so it sounded like the $100,000 was the only return instead of the fact it was annual.

$60M in a bank account earning you 3% interest will earn you $1.8M a year.

And in two years you'll have $63.6M and have to drive to Jenks to see a Drillers game.

Or you could just continue to go see them at 15th and Yale.

Oh wait, neither of us bothered to see them there either...  I have no idea why a new stadium would incent us to see them anyway.

[sgrizzle]

quote:Originally posted by TeeDub

quote:Originally posted by sgrizzle

quote:Originally posted by TeeDub

quote:Originally posted by sgrizzle

The point was that the $60M is a onetime outlay so it sounded like the $100,000 was the only return instead of the fact it was annual.

$60M in a bank account earning you 3% interest will earn you $1.8M a year.

And in two years you'll have $63.6M and have to drive to Jenks to see a Drillers game.

Or you could just continue to go see them at 15th and Yale.

Oh wait, neither of us bothered to see them there either...  I have no idea why a new stadium would incent us to see them anyway.

I was there wednesday.

And the drillers won't play the fairgrounds in 2010 no matter what anyone in city gov't does.

[Conan71]

quote:Originally posted by TeeDub

quote:Originally posted by sgrizzle

The point was that the $60M is a onetime outlay so it sounded like the $100,000 was the only return instead of the fact it was annual.

$60M in a bank account earning you 3% interest will earn you $1.8M a year.

Only problem with that is government isn't so good at saving, just collecting and spending.

[rwarn17588]

quote:Originally posted by MDepr2007

quote:Originally posted by rwarn17588

quote:Originally posted by MDepr2007

quote:Originally posted by carltonplace

The economic/civic/quality of life benefit of the ballpark should easily outweigh the total tax burden of local/county/federal properties in downtown as distributed among the populace.

! nominated for dumbest post of the year []

Please explain why.

Why:

quote:adverb 1. for what? for what reason, cause, or purpose?: Why did you behave so badly?  

–conjunction 2. for what cause or reason: I don't know why he is leaving.  
3. for which; on account of which (usually after reason to introduce a relative clause): the reason why he refused to go.  
4. the reason for which: That is why he returned. ... et al
 

I ask a legitimate question about your response to carltonplace's comment, and you refuse to provide a legitimate answer.

Typical.

[Townsend]

quote:Originally posted by rwarn17588

I ask a legitimate question about your response to carltonplace's comment, and you refuse to provide a legitimate answer.

Typical.

Because he doesn't have one.

[MDepr2007]

quote:Originally posted by Gaspar

This is great!  

Channel 6 had a story on the deal on Friday.  One of the quotes caught my ear (I wish I remembered the reporter that said it).

"The new 60 million dollar ballpark is anticipated to  make the city over a hundred thousand dollars in sales tax revenue."  

I assume she meant "each year."  That's over 1/10th of a percent yearly return.  

Wonder what the revenue was going to be anyway after the city annexation goes into effect....

[Hoss]

quote:Originally posted by MDepr2007

quote:Originally posted by Gaspar

This is great!  

Channel 6 had a story on the deal on Friday.  One of the quotes caught my ear (I wish I remembered the reporter that said it).

"The new 60 million dollar ballpark is anticipated to  make the city over a hundred thousand dollars in sales tax revenue."  

I assume she meant "each year."  That's over 1/10th of a percent yearly return.  

Wonder what the revenue was going to be anyway after the city annexation goes into effect....

Moot point, because they were going to leave one way or another; that much is pretty certain.

[sgrizzle]

Fairly low, tickets aren't taxable. However, nice concessions stands, souvenir shops, restaurants and sports bars built around a stadium would be.