Hey caps fans, how has PLD been for you guys?
Let's look at the example provided where? - oh, right here, with the building of what is now Capital One Arena. The ol' skinflint, Abe Pollin, financed the original arena (apparently stepping back from public funding after capitalism worked how it's supposed to in the textbooks, i.e., a competitor stepped in with a better deal for the local jurisdiction).Maybe some of you should go get your own team and then show everybody the right way to build a stadium. We all would do the same don’t kid yourself or pretend you wouldn’t.
wikiA group of Washington business leaders brokered a deal between Pollin and the District government to build an arena at the Gallery Place site, with the District paying for the $150 million project, which was envisioned to have shopping, food, and exhibitors for daily use even when there was no arena event.[19][20][21] The D.C. Council approved a special tax on businesses to finance the deal.[21] However, a competing proposal soon emerged, when Robert Johnson, head of Black Entertainment Television, offered to build the arena with mostly private financing.[22] With the arena deal facing criticism amid the District's budget crisis, Pollin eventually agreed to privately fund the construction of the building, which ultimately came to $200 million[23][24] (US$365 million in 2023 dollars[3]). The District would pay for other costs, including purchasing the portion of the land it did not already own, preparing the site, and expanding the Metro station; these eventually amounted to $79 million[24][25] (US$138 million in 2023 dollars[3]). The District leased the land to Pollin at a below-market rate of $300,000 per year.[26][27]
Let's look at the example provided where? - oh, right here, with the building of what is now Capital One Arena. The ol' skinflint, Abe Pollin, financed the original arena (apparently stepping back from public funding after capitalism worked how it's supposed to in the textbooks, i.e., a competitor stepped in with a better deal for the local jurisdiction).
wiki
It's hard to argue that Pollin should've been responsible for some of the work that DC paid for, such as expanding the Metro station. He still got assistance from the district but the amount of aid pales in comparison with the deal that Leonsis and his cronies made. Maybe the difference is just the natural evolution of Corporate Socialism.