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Wilmington NC rejects MiLB stadium bond

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  • Wilmington NC rejects MiLB stadium bond

    http://www.wwaytv3.com/2012/11/07/ba...um-strikes-out

    This was an interesting case study for anyone who cares.
    El Paso Tx voters approved Prop 3 for a room occupancy tax increase to pay for a new AAA level field. They also approved other bonds as they are rebuilding their down town area.
    Wilmington NC voters rejected,, overwhelmingly a PROPERTY tax increase to fund a single A ball park which the Atlanta Braves were going to use.
    The plan was get voter approval for the stadium
    The Braves then buy the Lynchburg Hillcats
    After stadium was built - move them to Wilmington, and have Mandalay Baseball operate the club.

    I was one of the voters who said "NO"
    Not because I dislike baseball - far from it but to ask property owners to fund it turns this into socializing the cost to privatize the profits.
    I wish that Mandalay the Braves or private investors could have come forward to lower the cost to taxpayers - but they didn't

    Best Regards
    Festus

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