Oh *HELL* no! "Sports Authority may need taxpayer rescue"

[Richardo]

http://www.chron.com/disp/story.mpl/metropolitan/6687627.html

Harris County taxpayers may have to inject up to $7 million a year into the Harris County-Houston Sports Authority for the next two years due to a financial crisis sparked by the souring of bonds used to build Minute Maid Park, Reliant Stadium and the Toyota Center.

Facing balloon payments on $117 million in variable-rate bonds, the authority now is obliged to pay off the debt in five years instead of 23 years. That would require $24 million a year — a figure that, together with more than $30 million in additional obligations, would push the authority to the brink of insolvency.

The alternative: Convince major banks to provide lines of credit that would give the authority a two-year window to refinance. That would cost $7 million a year.

Here's a novel idea: the multi-millionaire and billionaire owners of the franchises that play in these facilities could cover these financing costs from the change in their sofa cushions. Go to them first. Go to the wonderful companies who plastered their names and advertisements on our buildings second.

Leave us and our taxes the fuck out of it.

[GOPisEvil]

1. First off, I thought you were talking about the sporting goods chain.

Second, call those bastards and Enron and have them...oh wait...

Yeah, have Minute Maid (Coca-Cola), Reliant and Toyota pony up. They can write it off as an advertising expense.

[Richardo]

2. I'm getting many responses saying that...

:eyes: + :D I'm just quoting the Comicle's headline.

It's chump change for those assholes!