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12/15/06

There are several corporations and entities that receive “subsidies”  from the city of St. Petersburg.  These include Tropicana Field, the Pier, Albert Whitted Airport, Mahaffey Theater and the Seaport.  These organizations are supposed to be self-sustaining – in other words their operations should pay for themselves.  Yet, they are given large checks that come directly from the pockets of the tax payers.  Why?  Cut Taxes Now is working to fund out!

Here is a grid of all the money going to these corporations who have received $33.8 million in taxpayer dollars since 2000.
 
 2000200120022003200420052006 (est)TOTAL (thousands)
Bayfront/        
Mahaffey $1,487 $1,332 1,3561,6451,7531,379958$9,910  
         
Pier1,1831,3711,1941,3161,3241,2171,5809,185
         
Tropicana       
Field*  4,0133,7751,5161,10080011,204
         
Port **1501501502303755385622155
         
Airport** 903253252263851351
 Totals2820285368037291529344604285$33,805
         
        
       
 
Average per year transferred to "self-sustaining" groups? $4.92 Million!

Total spent since 2000?: $33.8 Million!


The city states they have contracts with the Trop.  Yet the city has renegotiated that contract several times since 1995 and could do so again. They say the voters approved keeping the Airport.  They did -- to keep the land from turning to condos - not to move tax money to the airport.  For every wasted dollar there is an excuse from a politician who doesn’t want to act responsibly.
 

These groups should be required to earn their way, just as any person or ordinary business has to earn their own keep.   We should get rid of corporate and social welfare and only spend taxpayers’ money for true, temporary social safety nets and when the market has failed to provide for the consumer.

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