This is all from the ISFA website and shows a BAD Deal for the State. I just did the basic Math, and I know other line items exist but this is major stuff.
2005 Fees paid from Sox to ISFA $1.87M (World Series year)
2006 Fees paid from Sox to ISFA $3.5 M
while a number of other line items exist on the Expenditure side the one that stands out is
MAINTENANCE
2005 $4M and 2006 $8 M. Which the ISFA pays?
This is a TERRIBLE DEAL FOR THE STATE.
Other things about this deal is the "NUMBER OF OTHER EVENTS' that they talk about as a means of revenue got them $73,000 in 2006 and $216,000 in 2005?
Note the $10M capital expenditure in 2005? what was that for?
And the BIG ONE, look at how much Hotel Tax Revenue goes to support this effort annually $30 Million!!!!!!!!!!!!!! $30 Million a year from Hotel Tax GONE!!!!! Then on top of that, the City kicks in $5 M a year and the State kicks in another $5 million a year flat.
Anyone need any LUBE for this deal????
http://hallpcsupport.com/isfa/AR_2006.pdf