Nov 23, 2011, 12:33 PM EDT
Please sit down for this, because it’s going to come as something of a shock: the taxpayer-funded ballpark the Marlins are moving into is going to end up costing taxpayers more money than the politicians said it would when they forced it upon the populace:
When the city of Miami agreed to build parking garages for the new Miami Marlins stadium, borrowing $100 million in the bond market to do so, officials assumed the structures, like most such municipal facilities, would be exempt from property taxes.
Read the article for the details, but the upshot is that the government was trying to pretend like it was the private sector and then was surprised when it had to play by the same rules as the private sector.
How about this: let’s let businesses be businesses and let the government be the government? When the former tries to tell me what to do and the latter tries to make a buck, nothing but sorrow can follow.
(link via, who else? Old Gator)
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