Kum & Gone

Nor'MidWester

Well-Known Member
Sep 25, 2016
1,811
2,633
113
I still don't understand why the general public doesn't think they should help pay for rich people's "hobbies" when they utilize the entertainment themselves. Just as a matter of principle. I don't look at stadiums any different than any other infrastructure projects honestly. You want big business and entertainment in your town you pay for it. I've lived in a few towns with pro sports teams and I guess I never expected to benefit monetarily from them. You rent basically rent them as a taxpayer the same way you pay monthly fees for things like Netflix. Just the way I look at it anyway.
Not all residents of Des Moines or Polk county want a local soccer team. And once we give them incentives now it's not like we get reduced ticket prices or something in the future. Sure if it's a success the city gets a lot of tax revenue from local businesses thriving etc
 

Cyclone06

Well-Known Member
SuperFanatic
SuperFanatic T2
Apr 11, 2006
4,025
2,750
113
Urbandale
If you don't pony up some other city will.
In this specific case, let them.

And in other cases, other cities will need to sack up too. Gone should be the days when the uber wealthy get incredible tax payer support, reap all the reward, and then cry foul, leading to more taxpayer support, when their bet fails.
 

ScottyP

Well-Known Member
SuperFanatic
SuperFanatic T2
Jan 24, 2007
5,264
7,653
113
Urbandale, IA
If this stadium was more of a multi-use facility, it might make more sense. Wells Fargo Arena has multiple tentants and can be use for sports, concerts, conventions, etc that bring in a lot of revenue for the metro. This soccer stadium won't bring in enough value to make it worth the investment. I don't mind the city helping to invest in the site cleanup, but that is about it.
 

KennyPratt42

The Legend
Jan 13, 2017
1,421
2,596
113
I still don't understand why the general public doesn't think they should help pay for rich people's "hobbies" when they utilize the entertainment themselves. Just as a matter of principle. I don't look at stadiums any different than any other infrastructure projects honestly. You want big business and entertainment in your town you pay for it. I've lived in a few towns with pro sports teams and I guess I never expected to benefit monetarily from them. You rent basically rent them as a taxpayer the same way you pay monthly fees for things like Netflix. Just the way I look at it anyway.
This would make sense if admission was free or even at cost for running and maintaining the venue. If you want to adjust for percentage of public funding to the project that's fine so let's say half the cost of the stadium is through public funding then half the cost of admissions is just at a maintain the stadium level. Then we are talking about the equivalent of required ticket sales to taxpayers in the form of public dollars going into a stadium project. While that still doesn't seem ideal, its way better than public dollars going into building something for a very wealthy person that then tries to generate as much revenue as they can from the general public in sales through the thing that the public helped build.

This would be like a multi-millionaire or billionaire building a private freeway, asking the taxpayer/end user to help pay for it, and then charging users tolls at the most profitable level then could while also keeping revenue from renting billboard space along the freeway.
 

Bader

Well-Known Member
SuperFanatic
SuperFanatic T2
Jul 25, 2007
7,570
4,660
113
Ankeny
If this stadium was more of a multi-use facility, it might make more sense. Wells Fargo Arena has multiple tentants and can be use for sports, concerts, conventions, etc that bring in a lot of revenue for the metro. This soccer stadium won't bring in enough value to make it worth the investment. I don't mind the city helping to invest in the site cleanup, but that is about it.
Polk County also owns WFA, and when it was built it cost less than $120 million. Kinda laughable failson here is trying to get to half of that and still own the property afterwards
 

Nor'MidWester

Well-Known Member
Sep 25, 2016
1,811
2,633
113
If this stadium was more of a multi-use facility, it might make more sense. Wells Fargo Arena has multiple tentants and can be use for sports, concerts, conventions, etc that bring in a lot of revenue for the metro. This soccer stadium won't bring in enough value to make it worth the investment. I don't mind the city helping to invest in the site cleanup, but that is about it.

On their website it says " The stadium can also be used for concerts, festivals, and other sports."
Might just be promotional bs but I would think they'd try to get it used for more than just soccer because money
 

kingcy

Well-Known Member
SuperFanatic
SuperFanatic T2
Sep 16, 2006
22,803
3,686
113
Menlo, Iowa
Polk County also owns WFA, and when it was built it cost less than $120 million. Kinda laughable failson here is trying to get to half of that and still own the property afterwards

WFA also pays the county back when they have good years. No private company will do that..
 

Nor'MidWester

Well-Known Member
Sep 25, 2016
1,811
2,633
113
Who is going to step up and start a new chain of gas stations in Cumming? We need a hero to standup to these foreign invaders from Utah and carry on the kum legacy.