What is the reason we're giving tax breaks to ESPN? How is the state benefitting from this in the first place?
I'm not saying we don't, but I need a reason why they shouldn't have their tax breaks ripped away considering how much they make and how much they've been perking up the conference that left UConn in the mess that it was in. Not to mention the possibility that other underhanded things may or may not have been going on once the BE rejected offer #1 and was about to take it's inventory to the open market and potential big time competitor.
Considering how close Bristol is to Storrs, it is ironic that the sports empire can't save one of the more popular college brand names in the country (at least in hoops).
Realize that tax breaks are given to thousands of businesses each year. They are given for creating new jobs, hiring diversity, producing economy, opening new facilities, expansion, etc. Tax breaks are an important part of business. Many times companies use empty threats about leaving without additional tax breaks, but then every once in a while someone does leave the city and state (ie. Boeing). Can Connecticut afford for ESPN to pack up its bags and leave? Yes, but it would sting a few people. Can Connecticut afford the aftermath of ESPN losing its tax breaks, even if ESPN does not leave? That answer is NO. Connecticut can NOT afford for other businesses to see ESPN lose its tax breaks (which would become very public). When choosing to relocate, expand or start a business, things like location and resources are important. But most important of all is MONEY (gross - expenses = profits - taxes = MONEY). No matter what happens to Uconn is expansion, do not expect Connecticut to even threaten to remove the tax breaks from ESPN. Its all about perception that your state is welcoming businesses to make more money.