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underpants

(182,861 posts)
Wed Aug 22, 2012, 06:16 PM Aug 2012

Republican convention theme "We Built It" ....in a publicly financed and publicly owned arena

Republican Convention Site: Publicly Financed, Publicly Owned

Republicans will host their 2012 convention at the Tampa Bay Times Forum, an indoor arena that is publicly owned and whose construction was majority financed by the public.

The Forum was built in 1996 by the Tampa Bay Sports Authority, which was created as a public agency in 1965 for the purpose of "planning, developing and maintaining a comprehensive complex of sports and recreational facilities" in the area. According to the Authority's 2011 financial statements, the Forum is actually owned by Hillsborough County, which then leases it back to the Authority. This step was taken specifically to avoid the inclusion of the arena on the county's tax rolls.


The St. Petersburg Times reported on January 8, 1996 (via Nexis): "Financing for the arena was completed in August with the closing in New York on seven bond issues. Sales taxes, tourist development taxes, and ticket surcharges will be used to repay the bonds. Permanent financing includes $84 million in bonds backed by the city of Tampa and Hillsborough County, and another $60 million worth backed by the Lightning."

http://mediamatters.org/blog/2012/08/22/fox-approved-convention-theme-contradicted-by-p/189507

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Republican convention theme "We Built It" ....in a publicly financed and publicly owned arena (Original Post) underpants Aug 2012 OP
best way to respond to "you didn't build that" ... napkinz Aug 2012 #1
the hypocrisy ... napkinz Aug 2012 #2
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