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Another attempt to keep the Sun here.
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[QUOTE="cullaville, post: 5332924, member: 10305"] The State of CT needs to look long and hard before any investment of taxpayer dollars in invested in the Sun or any other pro sports teams. First of all the State should not be taking a financial interest in a private enterprise. Has a detailed Return of Investment study been done on how the State will recoup the $100 MILLION dollars that has been proposed to build a practice facility for the Sun? The $100 million will be even more than that since my assumption is that these funds will be borrowed so there will be debt issuance costs and interest over the length of the bonds. Plus as with most projects there will be over runs to the $100 millon estimate. Has anyone put pen to paper to determine the revenues the State will receive. Yes there will be taxes on tickets sold, hopefully a rental fee for use of the Civic Center and the practice facility. I presume businesses in Hartford will see an uptick in sales on game days thus creating additional income that will be taxed. Yes there will be additional employees at the arena and Hartford businesses creating additional income for them and increased income taxes payable to The State. ut $100 MILLION is a lot to recoup. There needs to be quantification of the return vs cost. Not just a blanket statement that this will be good for Hartford. I think CT needs to accept the fact that being located between New York and Boston will hamper the support for a major league pro franchise when competing with the Yankees, Mets, Red Sox, Celtis, Knicks, Giants, Patriots, Rangers, Bruins etc. Having lived in CT 65+ years I accept that reality. GO HUSKIES [/QUOTE]
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Another attempt to keep the Sun here.
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