JC Bradbury is the nation's leading expert on stadiums and film. He is now on Bluesky. His research is summarized here:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3407921. It's too bad in 120 days no expert was invited to testify on what will become a $1.6 billion contingent liablity.

'Moviemakers play states against one another, leading to a cycle of bigger movie subsidies as lawmakers try not to be outbid by their neighbors. Analyst Robert Tannenwald has called this “perpetual competitive purgatory.”' www.wsj.com/opinion/tax-...

There is no legitimate policy justification for government support of the film industry. None. There are two types of people who favor propping up entertainment on the backs of citizens. People who don't know any better and those who are in on the scam.

It was a weak showing for Carter as the "Mormon Democrats" of that era were evolving into "Reagan Democrats." NV was Reagan country. Four years earlier, NV Republicans supported Reagan over Ford at the convention. The politics of 76-81 profoundly affected NV's state government. #soontopublish

If the Summerlin Studio is supposed to create all these new jobs for Nevadans, why are there two hotels with 1,923 rooms? To lodge gig workers from LA? And 140k sqft of retail is a Target, not a gift shop. Economic diversification is supposed to move us away from hospitality. This subsidizes it.

It does not take two years to raise this kind of capital.

It is pure fiscal folly and will lead to a budget crisis by the end of the decade. A state without an income tax cannot come close to recovering the budgetary cost. There is already a structural problem with the existing fiscal system.

The "buy now, pay later" strategy will create havoc in the development of the budgets later in the decade.

I estimate that the proposed film tax credit will deplete the General Fund by $1.5 billion over its 15-year authorization - a loss of 91%. If approved, NV can never again have a serious discussion about tax policy.

And two years later, the Nevada Legislature is screaming about "accountability" for everyone else (mostly teachers), while they work to pass a film tax credit bill worth $1.65 billion.

I had the same reaction.