Also known as "To hell with the taxpayer." Accurately demonstrated by the morning paper’s front page story today. "City, Indians work on lease."
We are told our baseball team paid half on the $20 million stadium, plus all operation and maintenance costs. And some capital improvement costs. With all this, the team has made a profit every year since 1975. In contrast, we are reminded of the Colts, Pacers, NCAA and Speedway’s looting of the taxpayer wallet.
The Indians pay twice the annual rent for a $20 million facility than the Colts pay for a $750 million palace. The Indians pay operating and maintenance costs. The Colts do not. The Pacers, of course pay $1 annual rent for - and retain all revenues from - a $180 million facility, and are allowed to justify more clawing of tax funds because they claim annual operating losses.
The NCAA is handed a $1 a year rental contract as a bribe to keep it here. And now, with significant personnel changes, the Speedway, which operated on its own for many decades, is into the state for a $100 million loan - "...if the state decides to pursue the issue."
And what is the implied point of the paper’s story? Whether the Indians are participating fairly in the plundering of the taxpayer!
There is not the slightest hint of what we would suggest - that a copy of the Indians contract should be handed to current beneficiaries of CIB giveaway policies with the warning that this is what their future looks like.
Apparently it is taboo even to suggest telling Irsay, Simon, et al, that their drain on tax revenues must be stopped, or even be slowed down. As usual, the answer to the "problem" in the "group think" downtown, is to add another parasite and decrease funds available for ordinary municipal operations.
Is there not a single municipal - or media - printing instrument that includes the possible use of the word "reduce" or "cut?"