Thread: What about the jobs!???
04-26-2012, 07:52 AM #21
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Also, where are the income tax numbers from 2010? How about the direct sales tax impact from 2010? You can't just discount these numbers - they are a non-fungible source of income that is a direct result of the Minnesota Vikings. Without a stadium this income is lost. The direct operating income versus expenses aren't the only numbers that should be looked at.
Despite what you say, the numbers for the new stadium have been generated and are available to the committees. They are also coming under scrutiny from some stadium opponents. Unfortunately, these same stadium opponents are the ones who prevented the legislature from addressing the stadium situation until the 13th hour, so there isn't as much time for scrutinization or study.
I don't discount your questions or concerns - I believe they are important questions to ask. I just wish the inept legislature in Minnesota had asked those questions three or four years ago. Now it is too late - they will have to make a decision one way or the other in the void of solid information because they kept putting it off. One decision is guaranteed to have negative consequences with the Vikings leaving. The other has the potential to have positive or negative consequences depending on how the revenue comes in. So which do you choose.
04-27-2012, 07:02 AM #22
Secondly, unless the roof collapses every single year, that cost (which was probably picked up by insurance anyway) is a fluke and not a recurring payment.
Now if only you had included all other sources of revenue directly related to the Vikings being here not directly associated with the dome, such as income taxes paid by players, coaches & anyone employed by the Vikings, their personal property taxes & taxes on anything purchased by them.
Lets not forget additional taxes collected by hotels, restaurants, stores, liquor stores, privately owned parking lots & privately owned businesses from Vikings fans & the Vikings opponents fans, visiting the area & attending games.
$4.1 mil - $2.6 mil = $1.5 mil.
If you also deduct the non-recurring roof restoration cost you're down to $1 mil.
I'm pretty sure if you add up ALL the income from ALL the sources outside of what just the Metrodome collects, you're looking at an amount that far exceeds the $1.0 to $1.5 mil.
How much of that is paid in income tax by players, coaches & employees alone?
I can understand your concern that income from a stadium by itself may not be self sustaining, but when you consider all the other income from sources outside of the venue, starting with millionaire players, coaches, fans & businesses directly related to the team being here, it's easy to see an NFL franchise is a benefit to the state as well as a great source of income.
Last edited by singersp; 04-27-2012 at 07:12 AM.
"If at first you don't succeed, parachuting is not for you"
04-27-2012, 10:15 AM #23
The last thing you want to do in a recession is drive a multi-million dollar a year business out of town! These guys are the ones most likely to spend money. They pay back to the state not only income taxes, but sales and property taxes too. Which leads to my next point:
What do you think will happen to the value of your homes if every player, coach, counselor, trainer etc etc etc suddenly moves out of town and puts their house up for sale!?!?!????
So a 30-year old, worn-out, broken down, Dome with out-dated boilers, heating, lights etc etc etc doesn't make money on its own? Wow. Big Surprise! Isn't that why this whole friggen discussion got started!? That is why we are talking about building a NEW Dome.
And, its not just about the Dome's numbers anyway. Its about all the other money that flows around and in and out of it and all the jobs for Minnesotans and all the taxes that they'll pay.
And then you've got to hire some people to keep it busy during the offseason. Tournaments, concerts, festivals etc etc can keep more money flowing into the state.
There's got to be a way to make it happen! Gambling, extra fan fees, whatever! Find a way, or I guarantee that the Cities will regret letting that money maelstrom walk out of town!!!Control the line, control the time, and give your D a chance to shine!!
"Balance it on end and thats the third side of the coin!!" -wookiefoot