Thursday, December 9, 2010

Washington State Legislature Special Session is Saturday, 9am (aka, One Day Sale)

This Saturday the Washngton State Kegislature will stop their ongoing regular meetings in order to have a Spevial Session.
That's right, the legislature is in Olympia to have regularly scheduled committee meetings during the week, but on Saturday there is a one day fire sale of state programs in order to chop almost a billion dollars out of the current state budget that runs through June 2911. The budget that starts in July 2011 will also need significant cuts in order to have a balanced budget through June 2013.

What is cut on Saturday will set the stage for what stays cut, and what else is cut. The state will stop doing all kinds of things that counties can not afford to pick up, and large cities are just now figuring out is not there anymore.

I wish you all the best of luck.


Peter said...

just listened to the brock and salk podcast, and i don't know what this is worth, but brock quoted slick watts that the arena he's talking about has a "50-50" shot. he also mentions that this won't need public money, but it'll need public cooperation. he mentioned permits and tax breaks, not tax money. could this stuff be given by the arena city and county w/o state help? that would speed it up significantly.

Mr Baker said...

Tax breaks are tax money, but when a government doesn't take as much more people think that is not so bad. If a business pays the full Business & Occupation tax to both the state and city and then is given back some of that money people freak out, even if the net difference is the same.
Russell Investments move from Tacoma to Seattle is an example. They pay less B&O tax to Seattle than a similar company already in Seattle.
If an arena has both the NBA and NHL then they could generate enough revenue for a private facility to get built.
That was the 2B proposal, they just didn't have land, NBA franchise, or NHL franchise, other than that, they were ready to go.

A city, and/or county would have to take a leadership role in getting permits, possible rezoning, or eminent domain (they could force a sale of a property at the market rate where there is a community interest).
There were different businesses where Safeco Field now stands, and all of those did not want to move, but were made to move, and were compensated at a market rate.

If that isn't enough, it is possible for a city or county to make their own property available at a reduced rate, or a lease, knowing that they could make up that money in sales taxes, parking fees, etc.

About 1/3 of the NHL and NBA teams could be had right now, according to the SI story written by Les Carpenter. That may be true, but fewer are able to move. Buying and moving an NHL team is easier, so the timing would revolve around the availability of an NBA team.

Mr Baker said...

I think Dow Constantine will be a good facilitator.

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