RSSAs City of Detroit Declares Bankruptcy … New $444 Million Hockey Arena for Red Wings Still a Go
This is what happens when you put liberals in charge … the complete destruction of a US city in 50 years.
Welcome to crony capitalism … The city of Detroit is in financial ruin, has become the largest city in the United States to declare bankruptcy, yet the $444 million hockey arena for the NHL’s Detroit Red Wings goes forward. Re you kidding me. Detroit cannot keep their streets lit and it takes nearly an hour for police response, yet its some how a priority to spend another $400 million of tax payer dollars on a hockey stadium whose owners are worth billions. How does this make sense in the face of a complete and colossal financial collapse? 40% of streetlights remain dark, fire and police forces are cut, schools are a disgrace, 79,000 empty buildings need to be dealt with, and the public pension system is bleeding the city but a shiny new hockey stadium in the middle of an impoverished war zone is a priority. UNREAL!
Detroit’s financial crisis hasn’t derailed the city’s plans to spend more than $400 million in Michigan taxpayer funds on a new hockey arena for the Red Wings.
Advocates of the arena say it’s the kind of economic development needed to attract both people and private investment dollars into downtown Detroit. It’s an argument that has convinced Michigan Gov. Rick Snyder and Kevyn Orr, the emergency manager he appointed to oversee the city’s finances, to stick with the plan. Orr said Detroit’s bankruptcy filing won’t halt the arena plans.
“I know there’s a lot of emotional concern about should we be spending the money,” said Orr. “But frankly that’s part of the economic development. We need jobs. If it is as productive as it’s supposed to be, that’s going to be a boon to the city.”
But critics say the project won’t have enough economic impact to justify the cost, and that it’s the wrong spending priority for a city facing dire economic conditions.
Who wants to go to a hockey game in the middle of hell? Seriously, in lieu of spending funds on police and firefighters, the money goes to a sports stadium instead. What is something happens to one of the patrons of the sporting event, will the police ever show? As opined by the American Thinker, “do these people have a death wish?”
Posted July 27, 2013 by Scared Monkeys Bankruptcy, Business, Crony Capitalism, Sports, Tax & Spend Liberals, Taxes, WTF | one comment |
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What group would lend the city of Detroit the money?
The cost of money would have to be at a very high rate.
What would be the attendance in a broken city that few could pay the price of a ticket?
Perhaps the NHL could remake schedules so that the Red Wings played out of town next season. This would allow the team to play and protect the players from possible harm caused by the DPD being unable to function.