Free rent and a $675,000 payment from the taxpayers is not good enough for poor little rich man Zygi Wilf. From the St.Paul Pioneer Press:
The Metropolitan Sports Facilities Commission unanimously passed a proposal today to offer the Minnesota Vikings cost reductions if the team agrees to a two-year lease extension through the 2013 season.
The commission would not collect rent from the Vikings and would give back $675,000 if the team agrees not to sell the team without the commission's consent or move the team outside of Minnesota.
Vikings owners Zygi Wilf and Mark Wilf had sent a scathing letter Wednesday to Paul Thatcher, chairman of the finance committee of the Metropolitan Sports Facilities Commission, a day after Thatcher's committee approved a resolution threatening to penalize the team if it doesn't agree to extend its lease at the Metrodome. If the Vikings decline the new lease, they would pay $4 million annually in rent under the proposal.
The letter delivered to Thatcher says the Vikings are "shocked, exasperated and extremely disappointed" by the proposal. The Vikings said they were unaware of the proposal before it was advanced by Thatcher.
"Your actions yesterday leave us confused and questioning the future of this franchise," the Wilfs wrote. "As a result, we have instructed our management team to suspend any further engagement with the MSFC unless and until the Commission gets serious about resolving the near-term revenue issues and acting like a partner with us to retain this valued franchise in Minnesota for the next generation of fans. The time for more political games on this issue has expired."
Publicly financing stadiums is corporate welfare of the worst kind. To use the logic of the defenders of stadium proposals, the taxpayers should ante up and construct the facilities for every single factory and commercial property in the state. That argument is simply ludicrous.
Sports stadiums used to be built, owned and operated by the sports teams. There is absolutely NO reason they still can’t be.
Public financing of sports stadiums is an example of “if everyone is doing it, I have to also”.
All public financing of stadiums does is to subsidize the wealthy owners and their not quite as wealthy players at the expense of the common taxpayer.
It allows Zygi Wilf to have his personal jet fly down to Mississippi to pick up Brett Favre to sign his multimillion dollar contract to throw a ball around.
Meanwhile the common taxpayer is trying to figure out how to afford to gas and maintain their 8 year old car to get to work.
If you want to encourage business and jobs, the fairest and most effective way is to reduce taxes across the board.
Subsidies, TIF districts and the like allow the government and politicians to decide the winners and losers.
Of course that is exactly why politicians and wealthy business love subsides, they grease each others palm using the taxpayers money.
Rest assured, our great leaders in both parties will find a way to transfer money from you and me to Zygi and Brett.







