Folio's counter to EverBank and Shad Khan

[TheCat]

More on scoreboards...Bloomberg article. We're going national and it's for all of the right reasons.

http://www.bloomberg.com/news/2014-07-28/taxpayers-fund-stadium-screens-as-jacksonville-s-pensions-suffer.html

[pierre]

Saw that one last week. Pretty sloppy article that barely about Jacksonville and the scoreboards. Also never once mentions the upgrades are paid for by a bed tax that could not be used for pensions.

[IrvAdams]

Saw that one last week. Pretty sloppy article that barely about Jacksonville and the scoreboards. Also never once mentions the upgrades are paid for by a bed tax that could not be used for pensions.

Actually, it does discuss the legal separation of tax uses under the section "Targeted Tax". Overall, it's a pretty thorough article.

[jcjohnpaint]

Thats what I was thinking.  Not to be the idiot here, but wasn't the scoreboards paid for by the bed tax, which has no possible way to help pay down the pension fund?  I do feel a streetcar to the stadium would have been a better investment, but the scoreboards do fit within the purpose of the bed tax.  Am I wrong?  Other than firing up some right wingers, I don't think there is much truth or relevance here.

[jcjohnpaint]

Saw that one last week. Pretty sloppy article that barely about Jacksonville and the scoreboards. Also never once mentions the upgrades are paid for by a bed tax that could not be used for pensions.

Actually, it does discuss the legal separation of tax uses under the section "Targeted Tax". Overall, it's a pretty thorough article.

But, are they not saying that (instead of using tax dollars to pay for something important) such as the (paying down the pension), our politicians and tax payers (instead used the money for scoreboards)?  They used some of the proposed ideas for Brown's budget as proof, although none of what Brown proposes have been approved.  Is this an argument on the scoreboards or Brown's budget?  Argument seems messy. 

[TheCat]

Thats what I was thinking.  Not to be the idiot here, but wasn't the scoreboards paid for by the bed tax, which has no possible way to help pay down the pension fund?  I do feel a streetcar to the stadium would have been a better investment, but the scoreboards do fit within the purpose of the bed tax.  Am I wrong?  Other than firing up some right wingers, I don't think there is much truth or relevance here.

There is a 6 penny bed tax...4 of which are dedicated to the stadium. The most recent bond for the scoreboard was backed by 1/3 of the bed tax or two pennies, that is my understanding. Those two pennies that were used to secure the scoreboard loan were set aside to fund the maintenence and upkeep of the stadium.

I don't know the break down in dollars, as in what percentage of the 2 pennies of bed tax goes to pay back the loan but it is NOT unrealistic to assume that the city's budget will feel the impact of the scoreboard.

Those two pennies  were paying for something prior to the scoreboard, specifically the stadium (and before that the convention center). If that money is now set aside to pay for the loan for the scoreboards who will be paying for the stadium's maintence now? Generous tourists requesting to pay an additional penny?

It will come out of the city's budget, which is more versatile than a bed tax, and can certainly be used to pay pension obligations.

[edjax]

The article was pretty disjointed for sure a d not an easy read.  I still support the way it was used. 

[TheCat]

[spuwho]

For all of what, a minute?

[I-10east]

That was the first preseason game with the boards; Ever heard of 'working out the preliminary bugs' TheCat? Just give it up please, unless you wanna come off as very whiny...Even many people that didn't like the situation with the boards are totally over this...BTW, that's a very ironic screenname you have...

www.bigcatcountry.com/2014/8/7/5979077/19-things-we-could-have-done-instead-of-build-shad-khans-scoreboards

[avonjax]

Saw that one last week. Pretty sloppy article that barely about Jacksonville and the scoreboards. Also never once mentions the upgrades are paid for by a bed tax that could not be used for pensions.

It is a crappy article.
On top of that read some of the letters to the TU. People just hear what they want to hear and think what they want to think even when you beat the facts into their heads.
I'm pleased with how the money was spent. I know many aren't, but when bitchin' please stop referring to bad streets, no cops, no firemen whatever it is you keep yappin' about that we need ahead of giant video screens. (I'm not talking about anyone here, just many uninformed people in Jacksonville.)
There is NOTHING that will make everyone happy. So the next time there is money spent that I disagree with it will be mine turn to be unhappy. But life will go on.

I think the Jaguars are great for the city. So for me the money spent was just fine.

[TheCat]

It's a joke that popped up on someone else's feed.

I never realized how sensitive some people are about football. It's a little unnerving. I tend to wonder now if there is a limit when those loyal to the Jacksonville Jaguars will say "you know, maybe this spending is too much."

And, thanks for letting me know that people who are oppose to the boards "are totally over this". I must have missed the e-mail newsletter. Could you have those people forward me a copy?

FYI, I never said I was against the boards but I do think it is a positive to consider where the money is coming from and how it could have been spent. If anything, we are all a bit brighter about the function of a bed tax.

[TheCat]

Sorry, I-10. I get it. TheCat is a Jaguar.  . I guess I'm a bit slow...

I thought you were somehow linking cats to being whiny.

[I-10east]

^^^So just post everything that you see on the internet, no matter if you agree with it?

[Lunican]

In order for them to display a video across the entire screen they would need a special camera.... or stretch the crap out of a regular HD picture.  16:9 is a standard aspect ratio. What are these screens? 42:9??