Tube City Almanac: March of the Penguins I'm sure glad that this arena is being built at no expense to the taxpayers. Well, except for:
* $10.5 million in cash the state is paying the Penguins 'in recognition of delays the team suffered while it was negotiating for a new arena,' and,
* $7.5 million for the next 30 years that the state will contribute from its economic development fund, and of course, the
* $290 million bond issue that's being underwritten by the taxpayers of the Commonwealth of Pennsylvania.
Other than that, yes, there's no taxpayer money involved!
. . .
Auditing Dep’t.: If you live in the country, where you rely on the state police, you may be interested to know that $7.5 million per year would pay the salaries (not including benefits) of 150 new troopers.
If you live in the city, where you or your neighbors rely on public transportation, $7.5 million per year would make up more than 10 percent of Port Authority's projected budget shortfall.
You may say that the $7.5 million is coming from gambling revenues, so it isn't really tax money. But I thought that we legalized slot machines to reduce property taxes in the state. Did I miss the part where it said, 'reduce property taxes, or maybe build an ice rink for Canadian and Russian millionaires'?