Will the leasehold payment in lieu of tax result in any revenue to State of Washington, or to Seattle Public Schools?

What was mentioned in the same council meeting and not reported here is that budget analysts only involve revenues where bond repayment is potentially involved.
So, any dedicated taxes for schools, metro, sound transit, king county mental health, libraries, EHS, the state's sales tax, the state's B&O; taxes, construction taxes, an a raft of others are not part of what could potentially go to pay off the bonds so they don't mention them.

At one point councilmember ÓBrien requested that staff actually produce that information so these stand alone $780,000 numbers aren't the only thing the public knows.

Yesterday Dwight Dively at the county council meeting mentioned off handedly that Metro would see a $200,000 to $300,000 increase in funding (no "Jolt" story there).

The state will see $15,000,000 more in revenues annually into the state general fund.
The state will get $2,500,000 a year in B&O; tax just from the NBA franshise.
Another $1,800,000 in B&O; from an NHL franchise.

The city budget office assumed no increase in revenues from parking while at the same time having a traffic study that said there would be 6,000 more cars.

Gosh, with all that extra money coming in, why can't your favorite billionaire pay for his own office building?

Sorry, my comment may be a little flawed. I think I must be on drugs.

Didn't the Mayor say "ZERO" City funds would be used ?
Isn't he paying some dude in CA. $20,000 per page or something to do some thing we don't really need ?
Isn't he wasting a pile of City grifter-hours to scam the people into building him a Mikies Fun Palace for his personal pleasure and as a political patron facility? .... "Come sit next to me Paul" .....
So .....
The City buys the land from the current owner. The City then underwrites the construction loan with its general bonding authority. The City changes zoning, utilities, traffic patterns, on and on and on ....
The "partner" buys a team somewhere and drags them into town.
A few years later, he is chatting with some buddy on a golf course in Aruba. They shake on a deal to trade the basketball team for a soccor team in Spain. The City receives a notice of a bankruptcy action on Christmas Eve 2018. The current mayor freaks out. The City finds that the guarantees they received under the McGinny Hall Administration are worthless if the multi-layered sports corporation goes belly-up. A deal is made to sell the team to an investment angel from Miami, who has a business of paying cash for distressed investments. The City property is worth less than the cost of demolition. Seattle opens the first all weather, all year, Swap Meet Coliseum.
The City, suffering the worst Depression in history, sends the aged Patty Murray to D.C. to beg for relief from the Pelosi Administration.

McGinn, living fulltime at his new home in Shri Lanka, asks his young bar-boy to bring him another Martini with a little umbrella in it.
So great to be a rich, retired attorney from the old U.S.
The End
Jsa

I've love to know what authorizes McGinn to pay that "sports consultant" $20,000 a year in public funds.

CORRECTION FOR YOU:
Thanks to Seattle Times >

"Mayor Mike McGinn signs a $19,500-per-month contract with sports-facilities consultant"

Yes, PER MONTH !

Jsa

What's an aubsidy? I assume you mean subsidy

Don't be ridiculous. The "a" and "s" keys are next to each other. It's obviously a typo.

It makes sense that McGinn's staffers would try to use increased revenue for stuff like Sound Transit to respond to the City Council's understandable discomfort with homeowners footing the bill for the arena. McGinn's staff is desperate and it's all they have. What a boondoggle this arena proposal is turning out to be. Either McGinn knew this news about homeowners footing the bill was going to come out and was unprepared, or his budget staff is incompetent.

And what does it say about Chris Hansen? So many of his claims about the arena are falling apart as we speak.

"Self-financing" Nope.

"No new taxes." Nope.

"Only people using the arena will pay for it." Nope.

When you're dealing with anyone in this world, all you've got is your word, and Hansen's word is meaningless today.

McGinn has never told the truth about anything else, so why should he start now?

What are "the City's" annual subsidies/contributions to these organizations:

Pacific Northwest Ballet
Seattle Art Museum
Seattle Symphony
Seattle Opera

I'd find those subsidies a bit more problematic if the average ballet dancer, artist, symphony musician, or opera performer made more than $5 million a year.

Each of those organizations are not-for-profit. The arena would be serving for-profit businesses. In order to receive city funds, the organization must have at least one on-going program that is open to the public.

Funding for 2012:

Pacific Northwest Ballet $147,879

Seattle Art Museum $135,945

Seattle Symphony $166,950

Seattle Opera $161,705

Thank you.

Opera house: only one, no more to be built.

Art Museum: only one, no more to be built.

Tunnel: only one, no more to be built.

Only have one Port, last I checked

Stadium/arena: we have three including Key. Four if you include the Kingdome we still pay for. But we must have another....three isn't enough.

Aside, this is a red herring. Why do sports boosters hate jobs so much?

Don't forget Husky stadium.

A lie is not a lie if it only costs $3 per year.

If a chap who loves and works in the Bay Area offers to build an arena for a team that does not exist, in a town 800 miles away, you may assume it is not charity that drives him.

Of course, a real free loader would not chip in any dough.

On police accountability and the stadium, Burgess actually appears better than McGinn. I never thought I'd say that.

+1