I read the article and makes for a nice headline. Let's look at the details from article. The three incentives were exemption for sales tax on tickets, Quality Jobs Rebate, and improvements to the Ford Center and Practice facility. Starting with the exemption on ticket sales tax. This dates back to the Hornets and benefits all pro sports franchises...not just the Thunder. I think it is a joke to say this costs the taxpayer money. Seriously, we are going to count a waiver on sales tax for a ticket to a game that wouldn't be here previously. Let's see.....no Thunder.....no ticket to sell. What was the loss here? We still collect sales tax on all the merchandise and food/beer sold inside. The Quality Jobs rebate is up to 5% on taxes paid for
new jobs. Once again.......This isn't money being generated by the taxpayers but is a rebate of money they are paying in for jobs that wouldn't be here otherwise. The employee is still paying taxes on their portion so the State is still making money. Looking at another Gazette article that was linked to the article you posted, in the 2011-12 fiscal year, the QJR program refunded 68.9 million dollars on $17 billion in new wages paid That is not a typo....
$17 Billion in new wages!. The average wage was $59,000 per year. Other companies receiving rebates were Chesapeake, Devon, Coca Cola, Halliburton, Direct TV, Wal Mart, Sandridge, Conoco, Dell, as well as another 143 companies. I sure do not have a problem with $17 Billion in new wages that are still paying taxes and also spending other money.
Last is the improvements which were voted on by the people of OKC. Funny thing about a democracy is that sometimes you don't get your way because you are in the minority. I don't swim in the city pools or new splash parks, go to senior citizen centers or run on the trails but doesn't mean I don't have to pay my portion because it makes my city more attractive to outsiders and provides a better place to live for many people AND MOST IMPORTANTLY, the majority of citizens voted for it.
The article doesn't take into account the national attention the Thunder bring to our city as well as the visiting fans from the other teams and our fans from outside OKC that come to games and spend money on hotels, food, gas, etc. Every one makes money off the Thunder. I am a DUI attorney and some fans make bad choices that generates income for my business not to mention the bondsmen, treatment providers and court system. I am not a BB fan and have only been to one game but when it comes to the financial side...I am a huge Thunder Fan!
Oklahoma Gazette News: Quality Jobs recipients
Bookmarks