Originally posted by: Wheezer
Well as long as we are pointing fingers I found this interesting:
"The Superdome was built in 1975 for $162 million, paid for by the state of Louisiana. In 1996, it underwent $22.8 million of renovations, including a new entrance lobby and ticket offices, an additional concourse serving the upper level seats, refurbished ballrooms, additional accommodations for the disabled, and upgraded safety and security equipment. After the 2002 season, more luxury boxes were added and the Astroturf playing field was replaced with Fieldturf. Anticipated renovations would cost $168 million.
The Saints are the only team to get a state cash payment. The state has to pay if hotel-motel tax doesn't yield $15 million in 2004-06, $20 million in 2007-08 and $23.5 million 2009-11. The state borrowed $7 million in 2003 and is anticipating another hotel tax deficit this year that will have to be covered.
The team gets free use of stadium. It is technically charged $800,000 a year rent but it is waived as part of an incentive package approved in 2002. Revenues also include sale or lease of luxury boxes ($4.5 million), a portion of concessions and merchandise ($2.37 million), parking, hotel tax, stadium advertising, stadium tours, club dues/membership fees, income tax on visiting players (a major share of $1.5 million), $1.1 million from Superdome Marketing Fund."
So can someone please explain why the state/local goverment decided it was more important to put millions into the entertainment industry rather than the saftey of the locals?
Do you really need to ask?