First, let me say that I am in complete agreement with this proposal. When government can invest, without having to expand their footprint, into a stable, well thought out infrastructure project, it should.
That being said, government's of all levels have put lots of money and faith into these types of projects in the past and never seen the return that was projected. Meanwhile, the tax payers foot the bill and let businesses off without bearing the risk.
Sometimes it works out. Sometimes you have to wonder if government is eating too much.
I wonder if Sam would have built the ball park with less from the city? What happens when property taxes start to be collected on that prime land? I love that park and think it's in the perfect place. But I'm also a sports fan.
I have been in the room when businesses threaten to pick up and move if they don't get the "break" they are looking for. Politicians are squeezed from both sides and you can never be certain if the business is serious or bluffing.
It's always very tricky and highly politicized.
Anyhow, this is great deal for both sides, I think.