Makes me wonder

  • TheFamousGrouse
    St. Paul, MN
    Posts: 11589
    May 21, 2014 at 1:47 pm #1411733

    James, that was exactly my point. You’re making the exact same argument as the professional sports teams make. The “ancillary activity” argument that estimates the indirect spending related to the activity and then adds that to the bottom line when making the for/against argument for the economics.

    As I said, how the numbers come out depends on what you choose to count. You’re adding all that “other” economic activity to the equation.

    My point is that simple math produces simple results that are often not taking into account a bigger picture or goal. Just looking at direct revenue minus direct expenses doesn’t paint the whole picture for fishing or for football stadiums or for much else for that matter.

    Not everything can or should be decided solely on the basis of a simplistic calculation of if it makes or loses money.

    Grouse

    mplspug
    Palmetto, Florida
    Posts: 25026
    May 21, 2014 at 2:01 pm #1411736

    Wow, Minnesota is awesome! I love this weather, women bundled up in heavy winter coats, closed bar patios and fishing on ice, I need to move my business here…

    …said no one at Super Bowl 52.

    glenn57
    cold spring mn
    Posts: 11761
    May 21, 2014 at 2:22 pm #1411741

    Quote:

    Wow, Minnesota is awesome! I love this weather, women bundled up in heavy winter coats, closed bar patios and fishing on ice, I need to move my business here…

    …said no one at Super Bowl 52.

    instigator!!!

    TheFamousGrouse
    St. Paul, MN
    Posts: 11589
    May 21, 2014 at 2:23 pm #1411743

    Quote:

    Wow, Minnesota is awesome! I love this weather, women bundled up in heavy winter coats, closed bar patios and fishing on ice, I need to move my business here…

    …said no one at Super Bowl 52.

    Says someone who already lives here.

    It all depends on where you’re coming from, Pug. If you’re living in one of the states with massive unemployment, high housing prices, rising crime, a rust-belt economy, and hopeless levels of debt, you might just like what you see.

    I have some friends who just moved to MN from London. Not the real London in Ontario, the other one over in England. Massive taxes, crappy schools, crime, $9 a gallon gas, constant rain, overcrowding, no public fishing, run down 2 bedroom houses in bad neighborhoods going for 900,000. When the chance to move to MN came up, they said we’ll take the winter over all that other crap.

    Everything is relative.

    Grouse

    Snap
    Posts: 264
    May 21, 2014 at 2:47 pm #1411752

    Quote:

    I don’t know, maybe it’s just me but that sounds like a good deal for the people.

    Government is terrific at creating deals so good that they have to be mandatory. Imagine that sales pitch in any private enterprise. “Hello this is Wal-Mart. We’re having a sale on beanie babies, only $5000 dollars apiece. You live nearby so you’ve been selected to participate! If you don’t mail in your fair share pronto we’ll send some armed thugs in blue uniforms to kick in your front door, shoot your dog, taze you and cage you or kill you!. Your choice!” What a great deal!

    mplspug
    Palmetto, Florida
    Posts: 25026
    May 21, 2014 at 2:51 pm #1411754

    Ah, but they did they come here because they heard we are going to have a state of the art football stadium and then were bummed to learn it wasn’t a soccer stadium?

    I don’t see where their decision to live here has anything to do with sports.

    I do agree with you on much of what you say about sports teams. But I take exception with people saying the Super Bowl will have a great economic impact. Doesn’t mean I don’t want it. I mean if someone robs me of $10 and is willing to give me $5 back, I’ll take it.

    Brian Hoffies
    Land of 10,000 taxes, potholes & the politically correct.
    Posts: 6843
    May 21, 2014 at 3:47 pm #1411762

    The original purpose of the thread was wondering how much MORE money it was going to cost tax payers to host the Super Bowl. I understand the stadium deal is done and there is nothing to do besides complain about it. (which I intend to do)

    James Holst
    Keymaster
    SE Minnesota
    Posts: 18926
    May 22, 2014 at 7:16 am #1411847

    Quote:

    James, that was exactly my point. You’re making the exact same argument as the professional sports teams make.

    I most certainly am not. Professional sports teams talk about a multiplier effect that doesn’t come to fruition after the fact. Pie in the sky, if you will. I cited a state office taking ownership of expenditures and the resulting tax revenues collected that shows a return on tax dollars invested and makes your use of fishing in your comparison a very poor choice.

    For those that were asking about taxes on the player’s salaries (not sure if it was this thread or another) it is worth pointing out that the NFL requires a waiver from any state hosting a Super Bowl on all player’s salaries. No taxes will be collected from the players.

    It is also worth pointing out that MN has agreed to waive state sales tax on all Super Bowl tickets sold. My understanding is the state is going to reach out to state businesses for donations / pledges to cover that loss of revenue which is expected to total about 9 Million.

    There are other exemptions in place for the NFL that shield them from paying state tax come Super Bowl time.

    desperado
    Posts: 3010
    May 22, 2014 at 7:27 am #1411849

    Quote:

    the state is going to reach out to state businesses for donations / pledges

    Maybe we could get an “in kind” donation from Unilever

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