Salt Lake has been in the business of subsidizing LHM for several decades now.
When the arena was built there was a tax break and bonds issued for it. The
city tore down the Salt Palace drum in order to insure that business of that
kind would go to LHM. It is interesting that the first thing that happens when
it is in need of repairs is that they run to the city once more asking for a
Viewed from Gochnour's angle the deal makes sense. But here's what
the implication is: LHM is being held harmless in property tax as the value of
their arena increases. Other property owners aren't to be equally
privileged. So the deal is not completely satisfying.
Downtown is a money pit. We've got the arena subsidy and the hotel subsidy.
If SLC can't pull its own weight, why take money from the rest of us to
help them out? Now, if you insist then the city council needs to be
more involved in the Jazz. They need to set ticket prices for the games, the
price of refreshments, and the player salaries. It's only fair, don't
you think? I'm sure Gail will go for that.
Yeah but residents playing golf doesn't bring in nearly as much money as
the Jazz do. People go downtown to eat and then attend a game 41 times. Whether
people like it or not, the Jazz are a huge money maker and the city is rewarding
them for what they do for Salt Lake City and the state of Utah.
SLC is closing public golf courses due to an 800K deficit. Now, they're
giving Billionaires 22 Million for a private arena? A lot more residents play
golf than attend Jazz games.