Forest City claims mucho more tax dollars......

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Re: convenient omission by the Trib to rile up Pens fans

Postby Draftnik on Tue Feb 14, 2006 5:48 pm

ExPatriatePen wrote:Thanks but no thanks Mr. Ratner. One million dollars a year is not to be considered "...working with *you*"



I don't know the present/future value calculation off the top of my head, but a guesstimate would be ~ $6M per year could fund $150M worth of 30 year municipal bonds. $6M isn't a huge figure considering the hundreds of millions per year being bandied about by Ratner.

Add the $90M Rendell has already said he would release to shut everybody up and $50M for naming rights and this is done.
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Postby dboss on Tue Feb 14, 2006 5:54 pm

PensFanBryan wrote:
dboss wrote:
PensFanBryan wrote:I really cant disagree with the article... Have you seen Harrah's plan. Even though it sucks, It will bring in more Property Tax Dollars. They are putting up 3 or 4 Buildings.

I still hope Isle of Capri gets the Liscense to see the Penguins here.


That is the problem at this point! The generally public at large believes this information. A person that I have season tickets with, and he is the perfect example because he doesn't pay very much attention to news, etc., told me not too long ago that it doesn't look good for Pens because of all the tax dollars associated with the FC plan. He thought this ONLY because of the in depth article he read about FC's plan in the PG. I was sure to correct him and point out ALL the factors involved, such as the tax $$$ lost if the Pens leave, etc., but its obvious to me that he is the very person the Pens need to reach and they just aren't doing that right now.


In no way am I saying I like the FC plan. I support Pittsburgh First. Im just saying. Harrah's is planning to build 3 or 4 high rises, that will most likely bring in more property taxes. I still believe that Pittsburgh First is the better of the 2 plans. FC plans to give nothing back to Pittsburgh, other than the 1M per year to Historical Society & the property taxes. IoC plans on handing the city of Pittsburgh a $280M arena, not to mention property taxes.


I saw your second post. Sorry, I was just using your first post as an example of what a lot of people who haven't been informed on the subject think. FC is out there touting their plan and stepping on the Pens plan, but they aren't getting the message across to the people that don't truly love hockey.
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Re: convenient omission by the Trib to rile up Pens fans

Postby dboss on Tue Feb 14, 2006 6:08 pm

Draftnik wrote:
ExPatriatePen wrote:Thanks but no thanks Mr. Ratner. One million dollars a year is not to be considered "...working with *you*"



I don't know the present/future value calculation off the top of my head, but a guesstimate would be ~ $6M per year could fund $150M worth of 30 year municipal bonds. $6M isn't a huge figure considering the hundreds of millions per year being bandied about by Ratner.

Add the $90M Rendell has already said he would release to shut everybody up and $50M for naming rights and this is done.


I am in favor of getting an arena in w/e way we can, but to me that would still suck. If IOC is capable of paying for a new arena while taking in LESS revenue then FC should be in a MUCH better position to fully fund a new arena. That $90 mill in tax $$$ is still very important to the region and is desperately needed for other projects. FC is just trying to screw Pittsburgh and give back the least amount of $$$ it possibly can. Unless they fully fund an arena, I would outright refuse to step foot into their casino.
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Postby Bowser on Tue Feb 14, 2006 7:27 pm

everyone forgets this part of the Harrah's plan.

"Costa said the Forest City plan is also going to cost public funds to improve access to the Station Square site. "How much infrastructure are we going to have build to get that up and running?" he said."

---- If the Penguins fail to HAMMER and I mean HAMMER this point, they'll get too many negative attacks by idiot Yinzers.
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Postby NIN on Tue Feb 14, 2006 8:53 pm

There is a qoute in there that states,"this is about property tax releif".

BULLCRAP!

The schools already told Randell they do not want anything to do with his gambling money! They will not accept it! ALL OF THEM BUT MAYBE 2 TURNED IT DOWN ALREADY!

The reconstituted plan calls for a set amount - that could easily be taken from all 3 plans - that will releive the overall burden but it wont put a dent in the school millage system which is flawed and has been and HE HAS DONE NOTHING FOR YEARS AND YEARS.
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Postby dboss on Wed Feb 15, 2006 10:04 am

Bowser wrote:everyone forgets this part of the Harrah's plan.

"Costa said the Forest City plan is also going to cost public funds to improve access to the Station Square site. "How much infrastructure are we going to have build to get that up and running?" he said."

---- If the Penguins fail to HAMMER and I mean HAMMER this point, they'll get too many negative attacks by idiot Yinzers.


Where was this quote located?
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