Preds group asks for tax money
If taxpayers don't pay an additional $3 million per year to support the Nashville Predators hockey arena, a deal to keep the team in town could fall apart, the leader of a local buyers group said Thursday.
David Freeman, CEO of 36 Venture Capital and leader of the group, said the partners are working with the city to have the public money come from sources like sales tax generated by the hockey team.
It seems the incoming ownership group comes with a few caveats for the people of Nashville, one of them that "would increase annual public support of the arena from $13 million to $18 million."
Throw in the sales-tax monies, and that's an awful lot of kickbacks.
Freeman said the buyers group is asking the city to "guarantee" the team average attendance of 14,000, by agreeing to buy tickets to make up any shortfall. In exchange, he said, the owners would agree to remove a clause allowing the team to leave Nashville.Talk about eliminating the risk on your investment.
Nashville City Paper has much more.