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HMY 3.550+3.5%Aug 8 4:00 PM EDT

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To: shadowman who wrote (239)6/23/2002 6:49:16 PM
From: freeus  Read Replies (1) of 271
re the light at the end of the tunnel
You are so right.
In San Diego we have Jack Murphy Stadium, used by a pro baseball and football team. It was within 4 years of being paid off. So what do our politicians do? They decide to do fancy upgrades for a superbowl EVEN THOUGH the NFL chiefs whoever they be said temporary seating would be fine...and cost a timy fraction.
Why are taxpayers paying for stadiums for rich (or poor for that matter) sports franchise owners?
Anyway, so just as the stadium is about to be paid for a new debt is incurred (citizens don't realize that bonds cost them money: the interest is paid and eventually the bonds have to be paid off and if defaulting happens the general fund will be used for that instead of sewers, water systems, etc.)
then the baseball team decides that with the new seating and look the stadium is not "baseball friendly" and that the taxpayers should pay for a baseball stadium!
Meaning that there will be TWO stadiums with HUGE debt to service used by ONE team each!!!!!!
Talk about building more tunnel when you see the light!
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