Thursday, May 22, 2014

Super Bowl

When the Vikings have a new stadium in a couple years, I'll probably be more excited about this, but for the time being, I'll just look at the Vikings hosting a the Super Bowl in 2018 as a major financial coup for Minnesota. 10's of millions of dollars are going to flow into Minneapolis every year over the next decade and beyond because of that new stadium. Couple that with the taxes the players and visiting NFL players will pay and you have a pretty good picture of how valuable that new stadium really will be.

The Super Bowl is just the icing on the cake. The NFL owners are basically rewarding the state for building the stadium. That's how it works.

I laugh at people who say that the economic impact of the Super Bowl won't be enough to pay off the $500 million bill the state has invested in the new stadium.

Of course it won't. But up to $125 million EXTRA will come to the city because of just ONE event. That pays off 1/4 of the state's bill in one fell swoop.

Keeping the team HERE will pay for itself in the long run. And in the short run we have bragging rights to a Super Bowl.

The state capital building revamp is going to cost taxpayers just as much money as the new stadium, and there's no way THAT will ever pay for itself. It, like government in general, is just one big money pit. And it's one black hole that keeps getting larger with age.

It's good to keep things in perspective.

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