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OneSaintsFan 
LSU Fan
Denham Springs,La
Member since Jan 2009
738 posts
| Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:05 am)
Don't post in HT but I noticed this and figured you guys might want to see. I am sure it will get done but hate seeing this given the positive vibes coming out of all of this.
LINK
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THRILLHO 
New Orleans Saints Fan
New Orleans, LA
Member since Apr 2006
25260 posts
 Online
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:10 am to OneSaintsFan)
Wow.
quote:
the annual $3.65 million tax break the team now gets.
The state income tax from the players alone from a $60,000,000 payroll comes out to around $3.5m, and that's excluding the property taxes and sales taxes those players pay on things they buy here. I fricking hate politicians.
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Souljah 
Southern Cal Fan
Audubon Park VIA Kingston,Jamaica
Member since Apr 2012
4269 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:11 am to THRILLHO)
dude- Frick!!1
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quail man 
USA Fan
New Orleans Pelicans Fan
Member since May 2010
15408 posts
Online
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:17 am to THRILLHO)
politicians gonna politic?
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realtalk .gif)
Miami (FL) Fan
Baton Rouge, LA
Member since Feb 2011
2061 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:19 am to quail man)
hopefully when they resend the bill through it passes. they have to realize that this will only benefit everyone in the longrun...
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quail man
USA Fan
New Orleans Pelicans Fan
Member since May 2010
15408 posts
Online
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:24 am to realtalk)
quote:
realize
not a word that goes well with politicians
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tehchampion140
LSU Fan
Bow to the Brow
Member since Sep 2010
15335 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:27 am to OneSaintsFan)
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drake20
New Orleans Saints Fan
Baton Rouge
Member since Oct 2005
7487 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:33 am to OneSaintsFan)
that sucks...thanks for the info OneSaintsFan
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OneSaintsFan
LSU Fan
Denham Springs,La
Member since Jan 2009
738 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:36 am to drake20)
No prob. I think it will pass. Just posturing from North La.
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NOSA
Member since Jan 2004
5854 posts
Online
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 12:43 am to OneSaintsFan)
quote:
Just posturing from North La.
Yep, same bull shite went on when the Saints weren't winners. Let's act like a sports team in NOLA only helps New Orleans.
This post was edited on 4/26 at 12:43 am
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MinnesotaTiger
LSU Fan
Anthony Davis puts it up... BANNNG!
Member since May 2008
4596 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 6:47 am to OneSaintsFan)
No la sucks.
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VOR
New Orleans Saints Fan
New Orleans
Member since Apr 2009
32943 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 7:13 am to OneSaintsFan)
It'll get done.
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JayJay2 
West Virginia Fan
cane sweeeeeeet tea, Luzianne
Member since Jul 2010
8565 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 7:39 am to VOR)
stupid arse polidicktions...
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macatak911
LSU Fan
HT South
Member since Sep 2007
8318 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 7:47 am to VOR)
WE FUUUUUUUUUCCCKKKKKEEEEEEED
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VOR
New Orleans Saints Fan
New Orleans
Member since Apr 2009
32943 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 7:49 am to macatak911)
quote:
macatak911
You have no excuse not to be there everyday lobbying to get this bill passed. 'Ya heard?
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man in the stadium
USA Fan
Member since Aug 2006
867 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 9:44 am to OneSaintsFan)
Email I sent Rep Harrison:
Representative Harrison,
Today’s Times Picayune states, “Rep. Joe Harrison, R-Napoleonville, said that Gov. Chris Christie of New Jersey recently told the New Jersey Nets that the state cannot afford a subsidy for the team. If Chris Christie can do that, then Mr. Benson can refinance or get another loan" to buy the Hornets, Harrison said."
I must point out that this statement shows a complete lack of understanding of the economic situation, and NBA business as a whole.
The New Jersey Nets are MOVING to Brooklyn, New York (different state) NEXT YEAR, in part, because of the cold shoulder turned on them from New Jersey. New Jersey is LOSING their business. The Times Picayune further states, "Greg Albrecht, chief economist for the Legislative Fiscal Office, said the bill will cost the state $54.75 million from now through 2024." The cost to the state, $54.75 million over 12 years, pales in comparison to the revenue generated by the team over the same time period, not to mention the millions in philanthropy the team returns to the community each year. The Hornets have a $300 million economic impact, generate $10 million in taxes, and 2,000 jobs (link). Also, I should mention other revenue generated by league associated events, such as the NBA All Star Game, which in recent years has had single weekend impacts of $50-90 million for the host city.
Sometimes you have to invest money to make money. This is one of those cases; you can't argue with math. As someone with an economics background, you should know this. Although the state spends substantial money up front, the state makes money hand-over-fist in the end and sustains jobs in a down economy.
Although we disagree here, as a fellow south LA registered Republican, I thank you for your service and for your support of conservative causes. I would just like to remind you that blindly following the "less spending" conservative mantra sometimes doesn't make sense if up-front investment is better for everyone in the long run.
Sincerely,
Man in the Stadium
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LSUhornet17
LSU Fan
New Orleans
Member since Jan 2011
98 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 10:05 am to man in the stadium)
quote:
Man in the Stadium
Well done. 
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hendersonshands 
LA-Lafayette Fan
Univ. of Louisiana Ragin Cajuns
Member since Oct 2007
97955 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 10:11 am to LSUhornet17)
And N. La wonders why we hate them.
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acanni1 
Louisiana Tech Fan
BR
Member since Nov 2007
79 posts
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 10:12 am to LSUhornet17)
It will pass. It only missed by 4 votes. Also, the current Quality Job Program for the Hornets runs for a few more years. Even if it fails this year there are still other chances in the future to get it done. It would be hard for some politicians to call themselves a conservative and vote to give the Hornets money the day after they find out the budget is about half a billion short next year.
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quail man
USA Fan
New Orleans Pelicans Fan
Member since May 2010
15408 posts
Online
| re: Hornets Tax Exempt failed to clear the House... (Posted on 4/26/12 at 11:20 am to man in the stadium)
great e-mail
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