Ohio arenas benefit from taxes
By Katie Byard, The Akron Beacon Journal | |
McClatchy-Tribune Information Services |
The issue is on the
Arenas are rarely privately financed. Revenues from sales taxes and other forms of taxes are frequent funding mechanisms proposed and used for sports facilities.
They also are frequently controversial.
The Coalition Against the Sin Tax is campaigning against the renewal of the
Meanwhile, voters in
The last rejection came in 1997, with voters turning down a tax to pay for a new hockey arena, as well as a soccer stadium in downtown
And because of a deal struck in 2011, the public -- taxpayers -- now own Nationwide.
In 2011, the city of
Here's a look at how tax revenues are integral to arenas in two other
--
In 2007, the
--
In 2007, the county increased the hotel/motel bed tax by 2 percentage points to 10 percent to help pay debt on the facility.
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