Wednesday, December 7, 2011

How Much Is the Superbowl Costing Indianapolis and Indiana Taxpayers?

Paul Ogden has a riveting blog entry today about the real cost to cities and states that host Super Bowls.  I highly recommend "Sports Economist Says Indianapolis is Big Loser Financially From Hosting Super Bowl" to all taxpayers of Indianapolis and, yes, even all of Indiana.

Meanwhile, Council President Ryan Vaughn - before the election - promised the Council that he would do his best to get the Ballard Administration to cough up information about how much cash the February Super Bowl is costing Indianapolis.  So far, nothing has come forward.  And considering how much water Vaughn is carrying for Ballard these days, it leaves this writer wondering why they will not tell the public what the price tag is.

8 comments:

Anonymous said...

It has to be zero, of course. I am sure they weren't lying! They promised when the Super Bowl was announced that $25 million dollars was pledged from private funds to pay for any costs related to the Super Bowl. No taxpayer money would need to be expended. Funny, how no one hears much about that $25 million dollars lately.

Anonymous said...

Did we give away too much to get SuperBowl intended as repayment for building Irsay a $750 Million stadium?

NFL And Its Affiliates Will Get Millions In Tax Breaks From Super Bowl

http://advanceindiana.blogspot.com/2011/11/nfl-and-its-affiliates-will-get.html

Had Enough Indy? said...

The $25 million isn't anything the Committee is talking about. they float that sort of thing at the beginning to show how "reponsible local businesses are' knowing full well the taxpayers will pick up the tab anyway.

Had Enough Indy? said...

Gary has done a great job exposing a lot of the super deal the taxpayers are giving the NFL. Paul Ogden's latest entry serves as a wake up call, reminding us that the loss to the city and state is not the tax money, but how much revenue people and businesses have to raise in order to pay that much in taxes. That's the real cost to be considered. It's not "found"money, despite what Mitch says lately.

Citizen Kane said...

No one ever calls them on their B.S. and they get away with it every single time and we pay for it every single time. Now, we have a three block street for the four percent(actually much much less when considering just downtown)that, in order to maintain it properly, will suck even more resources from the other 400 square miles of the city.

When the debt-based Ponzi schemes finally stop, the pain we will endure will be unbearable.

Anonymous said...

Parking, Who will pay??

The Super Bowl Host Committee announced its "Know Before You Go" campaign to inform Indianapolis commuters of its street closing plans during the Super Bowl festivities.

Some of the street closings begin a full 17 days before the February 5 Super Bowl date. Under Mayor Greg Ballard's 50-year lease agreement with ParkIndy, special event organizers are required to reimburse the private consortium that operates the parking meters for the revenues its loses out on because of street closures. Earlier, we learned that state of Indiana plans to turn two of its state parking garages and one surface lot over to the NFL for its use and allowing it to keep the parking revenues generated from renting out those spaces.

Will the NFL reimburse ParkIndy for the lost revenues?

http://www.advanceindiana.com/

Anonymous said...

Paul Ogden co-hosts an internet show every Saturday called Civil Discourse Now (www.civildiscoursenow.com). Anyone who is interested in what this city has done to get the super bowl here and the insane restrictions placed against our local merchants needs to pay attention to this Saturday's show. See their website for additional info in the coming days. They will continue to post more info each day.

grevyturty said...

Well, disgraceful as it is, Indy has somehow successfully recruited VOLUNTEERS - yes you heard me correctly - VOLUNTEERS to help out with this debacle. Gotta love the priorities of the people in this state. Forget the schools, health care, poor people, volunteer to help wealthy idiots line their pockets. Disgusting.