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Major screw up by COTA will cost them $25 million

Discussion in 'Austin' started by AustinN4, Feb 21, 2019.

  1. AustinN4

    AustinN4 TGT Addict

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  2. Vaquero

    Vaquero Pre-ban

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    Oops.
     
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  3. toddnjoyce

    toddnjoyce TGT Addict

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    While that’s going to hurt, I’m curious how a business venture isn’t profitable unless it receives a $25M/yr reimbursement from the state.

    I’m sure it’s more complex than that, though.
     
  4. diesel1959

    diesel1959 por vida Lifetime Member

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    ?u=http%3A%2F%2Fimages-cdn.9gag.com%2Fphoto%2Fa6L819N_700b.jpg
     
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  5. Brains

    Brains IQ: 47

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    I've got a great idea, open the track up for track days! ;)
     
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  6. pronstar

    pronstar TGT Addict TGT Supporter

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    F1 is a multi-billion entertainment franchise.

    Why taxpayers are subsidizing a single race to the tune of $25M/year is beyond my comprehension.


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  7. TAZ

    TAZ Well-Known

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    What are the tax payers of Texas reimbursing COTA for? Are these the property tax breaks or something in addition to that?

    Why are we pissing away tax $$ for this kind of junk??
     
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  8. EZ-E

    EZ-E III%er TGT Supporter

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    That's what i was thinking also. I want to know what the big wigs pay check is every year... maybe they need a pay decrees so they can pay me back my tax $$$
     
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  9. AustinN4

    AustinN4 TGT Addict

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    Read the article at the link.
     
  10. Younggun

    Younggun Ginger Avenger TGT Supporter Admin

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    Don’t see why they would need the money. If the state comes out ahead through tax revenues earned and the race wouldn’t happen otherwise (net loss) I’m ok with it.


    What struck me was that they are required to file a human trafficking prevention plan for a race track.


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