Reference Carlton Proctor’s November 8 article entitled: “CMPA gets $491,602 shot in the arm.” (see image below)
The article does not include significant related information. It does not mention the $2.6 million the City and its Community Redevelopment Agency (CRA) are paying annually for principal and interest on the maritime park bonds. The major portion of this is attributable to the stadium. In addition, the City is spending about $350,000 annually on park operations and maintenance, much of it for the stadium.
“Virtually every independent economic study, including one by the Florida Senate in 2005, has shown that publicly funded sports stadiums are a rotten deal for taxpayers.” Carl Hiaasen, Miami Herald, syndicated column in Pensacola News Journal, January 12, 2010.
~ C. C. Elebash