Tuesday, March 13, 2007

They Ain't Goin' Nowhere

It looks like the Penguins are going to be sticking around for a little while longer. That is, if you consider thirty years to be "a little while".

So far, the details of the New Arena Deal (NAD) look promising. The last thing I wanted to hear was that a new facility would be constructed as a "your tax dollars at work" type project. The Penguins are going to cough up significant capital for the NAD over the length of the thirty year period. It's a lease deal, rather than outright ownership, but it's a start.

The gambling guy from Detroit is also going to be involved. Slots for Mario! And so is the commonwealth of Pennsylvania. What's that, you say? The NAD is taking our hard earned money?

Not unless you let them. In a rare display of common sense, the commonwealth is providing funding "from a gambling-financed state economic development fund". In other words, it's not a tax at all (unless you are among those who consider legalized gambling to be "a tax on the stupid"). At any rate, it doesn't come out of our income or spending money.

If anything, this ought to get hockey fans out to the casinos. Sports fans, I believe, are natural gamblers anyway, even if they don't make bets. You gamble in a metaphysical way just by cheering one side over another. If your side wins, you feel like you've won something; and if your side loses, you feel like you've lost, too.

Every coin you lose helps keep the Penguins in Pittsburgh. So get out there and play those slots!


jipzeecab said...

My biggest problem with this now is that I'm very pessimistic about the "gambling guy from Detroit" getting his slots venue built anytime soon.. He's been in the gambling business elsewhere for awhile now and has yet to demonstrate he can make money in it.
If he was smart he would subcontract his "won rights" to one of the larger players to get this done.

Nicko McDave said...

In other words, Donnie Detroit fits right in with the City of Pittsburgh.

I can't believe the Penguins actually want to stay here, but at least the owners are willing to give it a shot. The part of the deal that I don't like is that is sounds as though they're stuck here for the full thirty years even if things go sour.