Comment 43581

By HamiltonFan (registered) | Posted July 17, 2010 at 13:09:39

Hard to argue with what you're saying Kiely depending on how one looks at the situation. Difficult decisions. San Diego is going through a somewhat similar discussion right now, here's an excerpt from an article (link below for the full read):

"Well, they’re absolutely correct. And, in fact, every single report that’s looked at Qualcomm operations over the last couple of years has come to the exact same conclusion, which is simply that taxpayers are losing millions of dollars every year just by subsidizing the stadium. The Chargers pay very little in rent due to the agreements that they have with the City, and there aren’t enough events there to make up for that fact. And so, you know, we put the estimate at $12.2 million is the amount the City loses every year. The grand jury report actually had a couple numbers. Mark uses the $17 million number. I spoke with them and I prefer an $11-point million dollar number they have in there. But the fact of the matter is, no matter whatever number you use, it’s a heck of a lot of money that taxpayers are simply using just to keep Qualcomm operational."

Comment edited by HamiltonFan on 2010-07-17 12:10:39

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