And as economists have been screaming at us for years, even if the stadium somehow were to generate the revenue to pay off bonds, it would come *AT THE EXPENSE OF* the rest of the region.

I.e., it would leech spending (and tax revenue) from elsewhere.

As we know, these projections (courtesy of the teams) are always outlandishly overestimated to justify public subsidy. They never generate anywhere close to what they guarantee. (Remember when Gateway promised 28,000 jobs for Jacobs Field and Gund Arena???)

The team is merely saying the stadium and surrounding new development will generate sufficient tax revenue to make the state's "investment" worth it.

If Haslams were to get the full subsidy, then cough up $50 million for existing stadium demo or lakefront development... that would net them $1.15 billion.

Remember, they are making this sacrifice out of the goodness of their hearts. They are our PARTNERS.