Funded by Casino taxes....Now, here comes the part as to why I posted this in the Politics forum. In 1999 Columbus voters said NO to using taxpayer funds to build the arena. Now, there will be no public vote. What's even worse, is that the residents of the Arena District got a ballot issues to get the Casino out of their backyards. Now they are going to use that very same tax revenue to "SAVE" the same area? This smells like a whole bunch of underhanded BULLSHIT to me. Mayor Mike "you attackin my manhood" Coleman making another financial decision that that taxpayers already said no to, as well as money they area said they didn't want.The $42 million purchase price for the arena is slightly lower than the $44 million value
Nationwide placed on it during court proceedings to set the taxable value of the building in 2006,
a case in which it was in the company’s interest to set the price as low as possible. The county
auditor had valued the arena at $129.7 million. It cost $147.1 million to build in 1999, Nationwide
said at the time.
The state of Ohio would help out with the purchase through a $10 million loan, half of which can
be forgiven by the state.
LJ
Senior Member
16,351
posts
LJ
Senior Member
16,351
posts
Wed, Sep 14, 2011 8:59 PM
Sep 14, 2011 8:59 PM
http://www.dispatch.com/content/stories/local/2011/09/14/Proposal-to-keep-Blue-Jackets-in-town-to-be-released-today.html
Sep 14, 2011 8:59pm