Nationwide Arena/CBJ Finances Discussion II
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09-14-2011, 02:52 PM
Chief of Sinners
Join Date: Nov 2007
Originally Posted by
I think you're spot on. This is the same idea that has been talked about for MONTHS, but yet it's taken this long to announce? I suspect all the ducks are in a row.
Here is the info from the Dispatch:
Casino tax revenues would finance the public purchase of Nationwide Arena, under a proposed deal announced this afternoon. Franklin County and Columbus would pledge up to a third of the tax revenue they collect from the Hollywood Casino on the West Side through 2039 to finance the $42.5 million purchase of the arena from Nationwide Realty Investors and pay to operate it, s
aid John Rosenberger, a lawyer hired by Columbus and the county in 2009 to negotiate an arena deal. The Franklin County Convention Facilities Authority would own the arena.
It sounds pretty much a done deal to me
Of course, nothing is final until the i's are dotted and t's are crossed
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