Fishy
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- Aug 24, 2011
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I think we're dealing with some people here who have never seen the ESPN campus...and, not coincidentally, do not know what they're talking about. Moving that campus is laughable - that is easily a ten-figure proposition. You just can't rent out an office park and move ESPN there - this isn't an insurance agency where you just need to set up the phones.
ESPN received a permanent tax break from the state about 12 years ago that was tied to a half-billion dollar expansion of the campus. (It's a million square feet of space on about 130 acres now - it has its own bus line.)
The most recent incentive ESPN received was the state's First Five program that offers loans and incentives to create a piddling number of jobs. ESPN received a loan to expand some digital production facility and if they hire x number of employees, they do not repay a portion of the loan. They also receive $5M or so in tax exemptions.
But their real bread and butter is the state's tax credits for film and production - that's like $35M a year. That tax break is why YES, NBC Sports, etc., are all setting up in Connecticut.
What's perfectly clear is that Connecticut has always created a favorable situation for ESPN - ESPN has frequently mentioned that the state has always created a good environment for their business. This year, around $60,000,000 in incentives will flow from the state of Connecticut to ESPN.
What is also perfectly clear is that ESPN has not reciprocated. ESPN effectively owns the ACC - they have their rights tied from top to bottom. They have repeatedly rewarded their 'house' conference for their persistent raids that destroyed the Big East and largely marginalized UConn athletics. To think that they did not have influence in that process is ignorant.
I have no doubt the state could have exerted some pressure on ESPN as other governments or reps have exerted pressure on various entities in realignment. For whatever reason, they didn't - perhaps electing a Martian as governor is a bad thing.
ESPN received a permanent tax break from the state about 12 years ago that was tied to a half-billion dollar expansion of the campus. (It's a million square feet of space on about 130 acres now - it has its own bus line.)
The most recent incentive ESPN received was the state's First Five program that offers loans and incentives to create a piddling number of jobs. ESPN received a loan to expand some digital production facility and if they hire x number of employees, they do not repay a portion of the loan. They also receive $5M or so in tax exemptions.
But their real bread and butter is the state's tax credits for film and production - that's like $35M a year. That tax break is why YES, NBC Sports, etc., are all setting up in Connecticut.
What's perfectly clear is that Connecticut has always created a favorable situation for ESPN - ESPN has frequently mentioned that the state has always created a good environment for their business. This year, around $60,000,000 in incentives will flow from the state of Connecticut to ESPN.
What is also perfectly clear is that ESPN has not reciprocated. ESPN effectively owns the ACC - they have their rights tied from top to bottom. They have repeatedly rewarded their 'house' conference for their persistent raids that destroyed the Big East and largely marginalized UConn athletics. To think that they did not have influence in that process is ignorant.
I have no doubt the state could have exerted some pressure on ESPN as other governments or reps have exerted pressure on various entities in realignment. For whatever reason, they didn't - perhaps electing a Martian as governor is a bad thing.