Facts are.......

[gcb]

Marshall cannot afford to play us home and home.

Let's say we pay them $1,000,000 to play in Morgantown. That means they would have to pay us $1,000,000 to play in Huntington.

They simply can't afford it!

Furthermore, the next time, if there is a next time, WVU fans will have to be accommodated to the tune of 20,000 to 25,000 tickets, keeping in mind that any game played in the state is a WVU home game.

 

[30CAT]

Let's say we pay them $1,000,000 to play in Morgantown. That means they would have to pay us $1,000,000 to play in Huntington.

They simply can't afford it!

Marshall could pay using its conference profits.

Of course that would mean we could only play in Huntington once every 5 years.

I'd be down with a 5 for 1....

 

[Herd Fever]

Marshall cannot afford to play us home and home.

Let's say we pay them $1,000,000 to play in Morgantown. That means they would have to pay us $1,000,000 to play in Huntington.

They simply can't afford it!

Furthermore, the next time, if there is a next time, WVU fans will have to be accommodated to the tune of 20,000 to 25,000 tickets, keeping in mind that any game played in the state is a WVU home game.

Too bad both games in Huntington, WVU fans only bought about 10k ticket

 

[30CAT]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

"Only" he says....Lol!!

Face it...Either WVU gracing the Joan brings a record amount of Marshall fans or there were more than 10,000 WVU fans. Two times WVU has graced the Joan and those two games are one and two in record attendance at the Joan.

It was more than 10,000 but even so...LMAO!

WVU is the best show in West Virginia. History proves it.

 

[shortgapwvu]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

You ran out of f'n water.

 

[gcb]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

I wouldn't worry too much about 10k or whatever. You've got bigger issues than that.

In fact, rewatch our successful 2pt extra point.

Many MU band members were celebrating wildly at the conclusion of the play.

It's right there on youtube.

 

[dave]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

You really are a special kind of stupid

 

[countryroads89]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

You are seriously fvcked in the head.

 

[alphasig1053]

You are seriously fvcked in the head.

You are telling someone they are messed up in the head, but you all are claiming 20k?

 

[old buzzard]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

I can't say for sure, and I'm not going to research it, but I believe that it's common for the visiting team to have a certain amount of tickets allotted to them
for sale through their own ticket office. 10,000 was probably WVU's allotment that their ticket office could sell.....were there more WVU fans in the stands than that ? I wasn't there so I don't know, I'm not driving 200 miles one way to watch Marshall football.

 

[dave]

You are telling someone they are messed up in the head, but you all are claiming 20k?

Why do you just make things up?

 

[alphasig1053]

Why do you just make things up?

The info can be in the thread or said 100998754 times and you all will deny it was ever said.

 

[dave]

The info can be in the thread or said 100998754 times and you all will deny it was ever said.

Cool. So you have a link? There are so many examples

 

[WhiteTailEER]

Too bad both games in Huntington, WVU fans only bought about 10k ticket

You're discounting the number of WVU fans that bought Marshall season tickets that year.

 

[Rock98Dog]

Marshall cannot afford to play us home and home.

Let's say we pay them $1,000,000 to play in Morgantown. That means they would have to pay us $1,000,000 to play in Huntington.

They simply can't afford it!

Furthermore, the next time, if there is a next time, WVU fans will have to be accommodated to the tune of 20,000 to 25,000 tickets, keeping in mind that any game played in the state is a WVU home game.

I like how you first have no clue as to how a home and home works and second, no grasp of simple logic.

In a home and home each team usually receives a nominal sum the year they travel. The amount is essentially the cost of travel plus the economic value of the allotted tickets. The amount is usually in the $300,000 range.

Additionally, if we played in Morgantown first, couldn't we simply take the million you give us (in your misguided scenario), put it aside and then have it available to just hand back to the next year? Didn't really think that one through now did ya?

 

[Herd Fever]

I can't say for sure, and I'm not going to research it, but I believe that it's common for the visiting team to have a certain amount of tickets allotted to them
for sale through their own ticket office. 10,000 was probably WVU's allotment that their ticket office could sell.....were there more WVU fans in the stands than that ? I wasn't there so I don't know, I'm not driving 200 miles one way to watch Marshall football.

Actually 5000 was the allotment. How do I know? I was interning in the Athletic Department at the time.

 

[old buzzard]

I like how you first have no clue as to how a home and home works and second, no grasp of simple logic.

In a home and home each team usually receives a nominal sum the year they travel. The amount is essentially the cost of travel plus the economic value of the allotted tickets. The amount is usually in the $300,000 range.

Additionally, if we played in Morgantown first, couldn't we simply take the million you give us (in your misguided scenario), put it aside and then have it available to just hand back to the next year? Didn't really think that one through now did ya?

Think this one through Rock98Dog..........WVU doesn't need Marshall, it's you guys that keep begging for it to happen.

 

[countryroads89]

I like how you first have no clue as to how a home and home works and second, no grasp of simple logic.

In a home and home each team usually receives a nominal sum the year they travel. The amount is essentially the cost of travel plus the economic value of the allotted tickets. The amount is usually in the $300,000 range.

Additionally, if we played in Morgantown first, couldn't we simply take the million you give us (in your misguided scenario), put it aside and then have it available to just hand back to the next year? Didn't really think that one through now did ya?

The only problem is your program is in the red every year....and will be so even more now that your whopping tv contract is $200K.

Didn't really think that one through now did ya?

 

[countryroads89]

Actually 5000 was the allotment. How do I know? I was interning in the Athletic Department at the time.

We all saw the number of asses in the seats. Good lord you are moron, just like the other Marshall fans said.

 

[old buzzard]

Actually 5000 was the allotment. How do I know? I was interning in the Athletic Department at the time.

So we were allotted 5,000 and our fans bought 10,000 according to someone else who posted on this thread...........no wonder you so desperately crave for the flagship to visit the joan.

 

[old buzzard]

We all saw the number of asses in the seats. Good lord you are moron, just like the other Marshall fans said.

I wasn't there for either game at the joan, but the TV sets certainly showed a lot of blue and gold, more than the Herdiots would have you believe.

 

[gcb]

I like how you first have no clue as to how a home and home works and second, no grasp of simple logic.

In a home and home each team usually receives a nominal sum the year they travel. The amount is essentially the cost of travel plus the economic value of the allotted tickets. The amount is usually in the $300,000 range.

Additionally, if we played in Morgantown first, couldn't we simply take the million you give us (in your misguided scenario), put it aside and then have it available to just hand back to the next year? Didn't really think that one through now did ya?

Your assumption, that I don't know how it works couldn't be more wrong.

Reciprocal payments when one stadium is dramatically larger than the other. As us versus you.

Learn the facts when big boys play little boys.

 

[dave]

I like how you first have no clue as to how a home and home works and second, no grasp of simple logic.

In a home and home each team usually receives a nominal sum the year they travel. The amount is essentially the cost of travel plus the economic value of the allotted tickets. The amount is usually in the $300,000 range.

Additionally, if we played in Morgantown first, couldn't we simply take the million you give us (in your misguided scenario), put it aside and then have it available to just hand back to the next year? Didn't really think that one through now did ya?

Its funny when you try to act like you know shit. Tell me more about the TIF at UTC and how the baseball stadium can never pay it off.

 

[Rock98Dog]

What do you want to know Dave? Let me ask you a few questions.

1. Did you personally read all the bond documents? I did.
2. Did you have a meeting with Ollie Luck and other wvu officials to discuss the financing? I did.
3. Have you spent the last two and a half decades financing development to include several large bond projects? I have.
4. Did you prepare a proposal to finance the transaction? I did.
5. Did you review the incremental sales tax analysis done in connection with the bond issuance? I did.
6. Did you review the lease and guaranteed obligations contracts signed by wvu with regard to the project? I did.

I have a full understanding of the project, how it was financed, the games played in the reallocation of tax dollars, the amount spent by the state to construct the new intersection (you know, the thing the TIF should have paid for instead of a baseball stadium, but instead they just let the taxpayers pick up that tab).

The development was a bastardized use of the TIF program. Nothing more than $60MM in backhanded taxpayer funding to build wvu a baseball stadium and a new exit to access it more conveniently. That's why I laugh at you guys for saying Marshall gets welfare from the state.

 

[dave]

What do you want to know Dave? Let me ask you a few questions.

1. Did you personally read all the bond documents? I did.
2. Did you have a meeting with Ollie Luck and other wvu officials to discuss the financing? I did.
3. Have you spent the last two and a half decades financing development to include several large bond projects? I have.
4. Did you prepare a proposal to finance the transaction? I did.
5. Did you review the incremental sales tax analysis done in connection with the bond issuance? I did.
6. Did you review the lease and guaranteed obligations contracts signed by wvu with regard to the project? I did.

I have a full understanding of the project, how it was financed, the games played in the reallocation of tax dollars, the amount spent by the state to construct the new intersection (you know, the thing the TIF should have paid for instead of a baseball stadium, but instead they just let the taxpayers pick up that tab).

The development was a bastardized use of the TIF program. Nothing more than $60MM in backhanded taxpayer funding to build wvu a baseball stadium and a new exit to access it more conveniently. That's why I laugh at you guys for saying Marshall gets welfare from the state.

If all this were tru you would not be making such ridiculous claims. Why would you meet with Ollie about it anyway? He was not really all that involved. The developers wanted the ball field there and building it in partnership with WVU was just smart public relations. The UTC tif is about so much more than a baseball stadium and if everything you claim were true you are either lying about your involvement or lying about the TIF.

Why wouldnt the DOH pay for the exit? That is after all their mission. The exit is not there for the baseball stadium. Why must you lie? That exit has always been part of the master plan for the area. You should have asked Ollie about it when you met. He has no idea how roadway planning works and nether do you so you guys would have some common ground.

 

[Rock98Dog]

Everything I said is true, I don't need you to believe me.

I'll ask you a question if you think it wasn't about the baseball stadium. In order to get the bonds underwritten and placed, wvu had to sign a lease guaranteeing up to $2,000,000 a year for 20 years. The purpose of this lease was to obligate wvu to make up any shortfall between the incremental tax revenue and the debt service on the bonds (interest plus mandatory redemption). If it wasn't about wvu and the baseball stadium, why would wvu be required to obligate itself to cover cash flow shortfalls?

Now I'll tell you how the deal bastardized the TIF framework. First, I'll assume that you know that TIF means tax increment financing. A TIF essentially allows a government body to issue bonds with those bonds being repaid from the increase in tax revenue from the development that is the subject of the TIF. This had historically meant real estate tax revenue. However, in this case, wvu got the legislature to allow them to change the program and bring sales tax revenue into the equation because the incremental increase in property tax would not have been sufficient to pay for the development's bonds. So okay, anything new built would see the sales tax also go to pay the bonds. But bad news, that still didn't create enough revenue to pay off the bonds, so they did something that had never been done before, they baselined all the development that was already existing up there and said any increase in sales at those stores was also going to be because of this new development so we get that revenue also.

So not only are they taking all the tax revenue from any new development, they are also taking any increase in sales tax revenue from the retailers that were already there. To believe that is fair to taxpayers you have to buy into the notion that without the new development stores like Walmart were not going to see any increase in sales for the next 20 years. It was all BS.

Then we come to the new interchange, which the state issued $35MM in bonds to build. I won't argue that it may or may not have been in long range planning, but it sure wasn't going to get built when it got built and, given the condition of the state economy, probably wouldn't have been built for decades. Now, instead of the state having an extra $3MM a year to repair existing infrastructure they are instead using that money to pay off the bonds on that new intersection.

So to get the stadium built wvu got the TIF program changed to include sales tax, not just property tax. They then modified the very purpose of TIF by getting it extended to bring in revenue from already existing development, and lastly, they burdened the tax payers by getting the state to accelerate a major highway project that may, or may not, have been built somewhere far in the future.

 

[Rock98Dog]

Oh, and you're naive when it comes to understanding how these deals are made. It was Ollie's deal from the start and he worked the legislature to get it put together. You should be proud, he did a great job for wvu. Unfortunately, he did it at the expense of everyone in the state who doesn't give a crap about wvu baseball, which, based on attendance numbers, is about 99.5% of the state and 99.5% of the wvu student body.

 

[WVU82]

http://www.wvusports.com/page.cfm?story=23598

Ballpark FAQs

• By Michael Fragale
  May 23, 2013 02:48 PM
  

• 
  
  • 
    West Virginia University Director of Athletics Oliver Luck answers some frequently asked questions about the new ballpark planned for Morgantown:

What is a TIF and how does it work?
TIF is an economic development tool that exists in virtually all states in the nation. It is an acronym that stands for "Tax Increment Financing." Basically, there are two types of TIF's-property tax and sales/excise tax. In West Virginia, the property tax TIF statutes are found in Chapter 7, Article 11b, while the sales/excise tax statutes are found in Chapter 7, Article 22. Tax increment financing captures the projected increase in property tax revenue created by developing an area and uses that increase to assist in paying for development and redevelopment projects. This funding makes it possible to go forward with projects that otherwise would not be built.

Who approves a TIF?
A property tax TIF is approved by the respective County Commission. A sales/excise tax TIF must be approved by the State's Office of Economic Development and by the State Legislature. In the case of the Monongalia County sales/excise tax TIF, the Senate and House of Delegates voted overwhelmingly in favor of the TIF. In fact, only two nay votes were recorded between the House and Senate in the entire legislature. Other than those two votes, there was overwhelming support for the Mon County TIF.

Have there been other TIFs established in Monongalia County?
Yes, but only property tax TIFs. The University Town Centre TIF is the first sales/excise tax TIF in Monongalia County. Over the past decade, there have been a number of property tax TIF's approved in Monongalia County. The Monongalia County Commission has approved Project No. 1 in Star City, the Morgantown Industrial Park and Mon General Hospital. The City of Morgantown has approved District No. 1 – Falling Run Development, Riverfront Project No. 1 and District No. 3.

Are there other sales/excise tax TIFs in West Virginia?
Yes, there are two other sales/excise tax TIFs in West Virginia. The first was approved in 2003 and is known as the Cabela's project in Ohio County, and in 2012 a sales/excise tax TIF was approved in Harrison County at the Charles Pointe development.

Where exactly will the ballpark be located?
The new ballpark will be located at University Town Centre and is part of the second phase of development of that complex. It will be located south of Wal-Mart and east of the new ambulatory care center of WVU Hospitals.(see map)

Is a new Interstate-79 interchange being built as well?
Yes, the TIF also will pay for a new interchange on I-79 that will be located between the existing Westover and Star City interchanges. It is anticipated that the interchange will be completed by 2015.

What does design-build mean?
Design-build is an alternative method of delivering a construction project. Traditionally, the owner of a project hires an architect. The architect designs the structure, and then the owner hires a general contractor to build the structure based on the architectural plans. In a design-build process, the owner awards the architectural and the construction project together. This often saves time and money. WVU has decided to make the ballpark a design-build project and will bid it as such.

How many seats will the ballpark have and what other amenities will the ballpark feature?
Officials from West Virginia University, Fairmont State University, Monongalia County and the New York-Penn League are conducting a series of meetings with the criteria developer to determine the specifics of the ballpark. The criteria developer is Brailsford + Dunlavy/Heery and the group was selected in an RFP process by WVU. The intent is to construct a ballpark that meets all the minor league baseball standards and can serve as the home for collegiate and minor league baseball.

Will a minor league team relocate to Morgantown?
The New York-Penn League is the short season Class A league in this region of the country. The New York-Penn League has teams in Ohio, New York, Pennsylvania, Maryland, Massachusetts, Connecticut and Vermont. A number of the New York-Penn League franchises share a ballpark with a collegiate team. Each of the franchises in the New York-Penn League has a major league baseball affiliate. In a letter to WVU Director of Athletics Oliver Luck dated June 14, 2012, Ben Hayes, the President of the New York-Penn League, stated that the league has a "strong interest to relocate a club to Monongalia County." He goes on to state that "any such relocation would be subject to approvals for the relocation from the Presidents of the New York-Penn League and National Association of Professional Baseball Leagues."

What does it mean to be affiliated with Major League Baseball?
There are two categories of minor league baseball teams. The first category is affiliated, which simply means that the minor league team, regardless of the level of competition (A, AA or AAA) has an affiliation with one of the teams in Major League Baseball. The affiliated teams make up the farm system for the major league club. Examples of affiliated franchises in West Virginia include the West Virginia Power in Charleston (full season A affiliate of the Pittsburgh Pirates), the Princeton Rays (rookie affiliate of the Tampa Bay Rays) and the Bluefield Blue Jays (rookie affiliate of the Toronto Blue Jays). The second category is unaffiliated or independent league teams. These are clubs that do not have a relationship with a major league club. At the present time, the only unaffiliated/independent franchise in West Virginia is the Beckley Miners. When your team has an MLB affiliation, fans could be watching future major league baseball players right there in their city. When a player progresses, fans follow their progression throughout professional baseball, knowing that they once played in their city and now have made the show.

Who will own the stadium?
The legal structure of the stadium will be determined by the collaboration agreement between the city of Granville, Monongalia County, West Virginia University and Mon-View, LLC, the developer of University Town Centre. At this point, we anticipate that WVU will purchase the land upon which the ballpark sits. WVU will then enter into a ground lease agreement with Monongalia County and then in turn the County will enter into a lease-purchase agreement with WVU whereby the real property will be leased back to WVU with specific requirements to construct, operate and manage the ballpark. The lease-purchase agreement will require the County (through the TIF) to pay for all ballpark costs up to $16.2 million. The lease-purchase payment to the County from WVU will be equal to any shortfall in excise tax revenue required for debt service on the County's bonds specifically issued for the ballpark. The ground lease and the lease-purchase agreement will terminate at the earlier of 1) full payment of TIF bonds allocated to the ballpark; or 2) 30 years. The ownership of the ballpark will then transfer automatically to WVU upon termination of the lease.

When will the ballpark be ready to open?
Plans call for the ballpark to open in late 2014/early 2015. A rough timetable of milestones would be:
Criteria developer prepares design-build bid - June 2013
Advertise for design-build contract - June 2013
Award design-build contract - October of 2013
Begin construction - December 2013
Complete construction - December 2014

Will beer be sold at the ballpark?
Yes.

 

[WVU82]

http://www.statejournal.com/story/19518533/lawmakers-learn-tax-increment-financing-basics-updates

WV lawmakers learn tax increment financing basics, updates

CHARLESTON, WV -Sep 11, 2012

Tax increment financing projects might be picking up steam in West Virginia.

Lawmakers heard about the possibilities Tuesday evening during an interim committee meeting. Counsel to the committee, Mark Imbrogno, told lawmakers about the two kinds of tax increment financing, or TIF, available in the state. Property tax financing is the kind used most often, Imbrogno said, and sales tax increment financing only exists in the Highlands project in Ohio County.

A Monongalia County property tax increment financing district near Westover and Star City recently was approved by the West Virginia Development Office.

Imbrogno told lawmakers property tax increment financing takes a snapshot of the property taxes in the starting year, then for the next 30 years, economic development projects are financed with bonds for up to 30 years, and the project pays a property tax back to the county what that original property tax snapshot was to start with.

"So say it was this year, 2012, up through 2042, possibly, collections are going to stay the same to the county," Imbrogno said. "The amount you gain in excess should come from development."

So while tax increment financing captures the projected increases in property tax revenue in a target area and uses it to fund development in that area, the generated revenue cannot assist projects already under way. The revenue can encourage current businesses to expand as well as bring new businesses within the TIF borders.

Imbrogno said with TIF projects, things such as interstate exchanges and sewer and water infrastructure are necessary to get buildings on the ground, and while they may be $10, $20 or $100 million investments, they are expected to raise the property tax.

Larger municipalities can create TIF districts on their own, but Class 3 and Class 4 municipalities have to work with county commissions. All TIF plans must go through the West Virginia Development Office.

Sales tax increment financing has one more step — the Legislature must approve a potential district, as it recently did with Monongalia County.

"They call it a county economic opportunity development district," Imbrogno explained.

Those districts must be created from a contiguous piece of land, and a base tax amount is determined in the starting year.

Jason Donahue, principal owner of FEOH Really, LLC and also the consultant for the Mon-View project, showed and told lawmakers about his vision for the project, which he expects to use both forms of tax increment financing.

First on the list is improving to the Exit 155 corridor off of Interstate 79. His idea is to open up about 250 acres on the west side of the interchange, and make a connection to the Westover entrance as well as the Star City intersection.

The idea is to be able to use secondary roads to get to the areas surrounding I-79 without having to use the Interstate.

"You can go on one side of the road, so it makes sense for you to go on the other side of the road," he said. "This is where we start, and we would move clockwise until the entire region is developed in one comprehensive plan, by adding each individual component together, building upon each individual component, the net result is much larger than if each project tried to do it on its own."

Donahue said anyone who has been to Morgantown recently can see the growth, and one of his feasibility studies projects an additional 15,000 people moving to Morgantown in the next five years.

He said by starting with an additional interchange for travel routes, the immediate need to relieve traffic congestion is addressed. He said a more medium-term need would be developing more interchanges and the west side of Interstate 79, and the long-term need is economic development.

Donahue has said the economic development could bring more than $100 million in retail, commercial and other development. He said Southpointe Business Park in Canonsburg, Pa., is the project's model.

"It's a very successful business park on almost 1,000 acres of Pennsylvania state land and now has over 12,000 employees," he said. "We see this as part of Morgantown's and West Virginia's, for that matter, economic development potential."

The project also is planned to include a baseball park, which Donahue said would be used by West Virginia University, Fairmont University and a minor league baseball team.

Donahue said based on projections from the projects underwriters, the real estate TIF could pay for itself in 17 years and the sales tax TIF could pay for itself in 11 years.

"There is no tax forgiveness, simply a dedication of those tax monies for a specific use," he said.

 

[WVU82]

http://www.legis.state.wv.us/WVCode/Code.cfm?chap=07&art=11B

 

[dave]

Everything I said is true, I don't need you to believe me.

I'll ask you a question if you think it wasn't about the baseball stadium. In order to get the bonds underwritten and placed, wvu had to sign a lease guaranteeing up to $2,000,000 a year for 20 years. The purpose of this lease was to obligate wvu to make up any shortfall between the incremental tax revenue and the debt service on the bonds (interest plus mandatory redemption). If it wasn't about wvu and the baseball stadium, why would wvu be required to obligate itself to cover cash flow shortfalls?

Now I'll tell you how the deal bastardized the TIF framework. First, I'll assume that you know that TIF means tax increment financing. A TIF essentially allows a government body to issue bonds with those bonds being repaid from the increase in tax revenue from the development that is the subject of the TIF. This had historically meant real estate tax revenue. However, in this case, wvu got the legislature to allow them to change the program and bring sales tax revenue into the equation because the incremental increase in property tax would not have been sufficient to pay for the development's bonds. So okay, anything new built would see the sales tax also go to pay the bonds. But bad news, that still didn't create enough revenue to pay off the bonds, so they did something that had never been done before, they baselined all the development that was already existing up there and said any increase in sales at those stores was also going to be because of this new development so we get that revenue also.

So not only are they taking all the tax revenue from any new development, they are also taking any increase in sales tax revenue from the retailers that were already there. To believe that is fair to taxpayers you have to buy into the notion that without the new development stores like Walmart were not going to see any increase in sales for the next 20 years. It was all BS.

Then we come to the new interchange, which the state issued $35MM in bonds to build. I won't argue that it may or may not have been in long range planning, but it sure wasn't going to get built when it got built and, given the condition of the state economy, probably wouldn't have been built for decades. Now, instead of the state having an extra $3MM a year to repair existing infrastructure they are instead using that money to pay off the bonds on that new intersection.

So to get the stadium built wvu got the TIF program changed to include sales tax, not just property tax. They then modified the very purpose of TIF by getting it extended to bring in revenue from already existing development, and lastly, they burdened the tax payers by getting the state to accelerate a major highway project that may, or may not, have been built somewhere far in the future.

Hahahahahaha. That is a lot of spin. The ballfield is such a small part of the development. Nice attemp ar spin by the way. Big mean WVU screwing over the state again.
Tomorrow I am firing United Bank because I dont want dumbasses managing my money. My money guy can thank you.

 

[WhiteTailEER]

Additionally, if we played in Morgantown first, couldn't we simply take the million you give us (in your misguided scenario), put it aside and then have it available to just hand back to the next year? Didn't really think that one through now did ya?

Actually, if past history is any indicaiton, the most likely scenario is that you would play the first game, take the million, then cancel the rest of the games and start blabbing about how we won't play you.

 

[countryroads89]

This had historically meant real estate tax revenue. However, in this case, wvu got the legislature to allow them to change the program and bring sales tax revenue into the equation because the incremental increase in property tax would not have been sufficient to pay for the development's bonds.

Poor turdies, wrong again. Just can't catch a break.

If you made a proposal for financing, then you must have thought it was a good investment?

 

[Marine03]

Marshall cannot afford to play us home and home.

Let's say we pay them $1,000,000 to play in Morgantown. That means they would have to pay us $1,000,000 to play in Huntington.

They simply can't afford it!

Furthermore, the next time, if there is a next time, WVU fans will have to be accommodated to the tune of 20,000 to 25,000 tickets, keeping in mind that any game played in the state is a WVU home game.

Lol we don't need to. Folks around the country already said we are the better program. CBS just wrote an article on it, the coaches have voted this true the past three seasons. So, fvck WVU we don't need you.

 

[WhiteTailEER]

Now, instead of the state having an extra $3MM a year to repair existing infrastructure they are instead using that money to pay off the bonds on that new intersection.

If you were worried about the state's budget you'd be lobbying Marshall to shut down the athletic department that costs the state $7M per year. They could do that, cover the expenses and still have $4M left over for a methadone clinic in Huntington.

 

[Rock98Dog]

Poor turdies, wrong again. Just can't catch a break.

If you made a proposal for financing, then you must have thought it was a good investment?

Sure it was. The way they structured it ensured the success of the project and repayment of the bonds. Of course they had to make up the rules to do it.

Oh, and I wasn't wrong, never in WV had existing properties been retroactively incorporated into the TIF district so that the bond repayment could include sales tax increases from those properties.

 

[dave]

Sure it was. The way they structured it ensured the success of the project and repayment of the bonds. Of course they had to make up the rules to do it.

Oh, and I wasn't wrong, never in WV had existing properties been retroactively incorporated into the TIF district so that the bond repayment could include sales tax increases from those properties.

So they guaranteed the success of the project and repayment of the bonds and at the same time screwed taxpayers? Seems like they protected taxpayers and insured a successful project to grow the economy. I can see how that would be frustrating for Herdiots. I wonder if the road connecting the interchange to Chaplin Road was built so the 200 people who live out there could get to the ballpark?

 

[LUVPOWERFB]

So they guaranteed the success of the project and repayment of the bonds and at the same time screwed taxpayers? Seems like they protected taxpayers and insured a successful project to grow the economy. I can see how that would be frustrating for Herdiots. I wonder if the road connecting the interchange to Chaplin Road was built so the 200 people who live out there could get to the ballpark?

I was up there just today. Amazing how much land has been prepared for development. Most of the roads are done. Fedex facility is huge and looks great!