"The word free in that sentence does not equal free stuff it equals free to choose,free to earn,free to succeed,free to fail."
Exactly! So why should multimillion dollar sports franchises get a government handout?
Sigh. Because they (can and usually do) generate extra tax income, jobs, economic growth for the entire area, improved property values and improved quality of life for the community. It’s perfectly fine to not like some people getting rich in the middle of this - and I’m not insensitive to that reaction, but please tell me what your plan B is to achieve the same goals?
More specifically regarding COTA, please make an effort to understand the numbers before making blanket statements about who is getting rich. The track cost over $400M. Do a calculation on the carry cost of that much money, the operation and maintenance overhead, a reasonable return on investment and compare that with the potential income. No one did this to get rich.
And yes to EricJ, abatement was the wrong word, but the rest of my info was correct as Steve noted.