Voter Betrayal, Payoffs & Massive Taxpayer Debt So Rays Can Get "Their" Stadium Funding Upfront and FIRST

Game on! 

Hillsborough County commissioners set to vote whether to approve the latest Rays "Memorandum of Demand" at the May 20th BOCC meeting.

Fearful of a lawsuit, semantics is now being used by Hillsborough County and city of Tampa to defend their use of CIT funds for a Rays stadium. 

As we reported here, Ken Hagan and majority of county commissioners told voters in 2024 that the CIT renewal funds would NOT be used to fund any NEW Stadium. They specifically removed "Community Stadium" from the referendum ballot language.

Below is from the February 2024 Hillsborough County CIT Workshop:

According to the latest "Memorandum of Demand" from the Rays, 

The CIT Contribution Amount may only be spent on Public Use Areas, and only if each of the County’s and City’s respective CIT project list, is amended, following respective public hearings, to include the New Ballpark Project as a “public facility”. 

In other words, the Rays demand "they" get "their" infrastructure UPFRONT and FIRST.

The 2024 CIT renewal ballot language included no wording in it to fund anything for any NEW stadium.  Hillsborough County and city of Tampa provided voters with a list of projects the CIT renewal tax would fund before the election. Those lists included NO funding related to any new Rays Stadium to gain voter support. The County and city of Tampa knew voters would reject using CIT to fund anything related to a New Rays Stadium.

Now they are using word games to subvert the intent of the voters they misled in 2024. 

While the "Rays infrastructure" gets priority with YOUR CIT funds, projects such as the Lithia Pinecrest and CR29 intersection have been delayed. This project, delayed for years, will not complete until at least 2033 years after the Rays have gotten "their" infrastructure projects completed. 

Many CIT projects could be at risk if CIT revenues fall and/or bondholders must be paid first.  

Thanks to Commissioner Wostal for documenting a comparison of changes made since the Rays April 9th "Memorandum of Demand" he addressed to Hillsborough County Taxpayers. It is not a pretty picture for taxpayers.

• If CIT revenues do not meet projections, there is NO Rays-secured shortfall backstop - aka the County must rob Peter (other projects) to pay Paul (the Rays).
• Rays Demand an additional $103M of County funds in addition to the CIT, CRA (your property tax revenue used to enrich the Rays owners) and Tourist tax funds.
• There is NO Documented Revenue Source for where the funds will come from
• Wostal indicates the additional $103M will likely come from the County's Property Tax General Fund that are the most flexible funds that only requires a simple commission majority vote, no public hearing needed.
• Bonding of the Tourist Tax only will cost taxpayers between $240 MILLION  and $280 MILLION in interest payments.
• Bonding of the Tourist Tax and CIT will cost taxpayers between $500 MILLION and $600 MILLION in interest payments.
• Total Interest payments forced on Taxpayers could be approximately $1.55 BILLION not including Bond Issuance Costs and Pre-Pricing Rate-Rise Risk Costs.
• Public Funding Cap does NOT include bond and risk costs to the Taxpayers.
• Rays get credited back on a dollar-for-dollar basis, future increased property tax revenues that exceed scheduled debt service for the CRA Bonds.
• Rays will retain ALL revenue from tickets, suites, sponsorships, concessions, special events, merchandise, broadcasting rights, royalties, licensing fees, concession fees, non-public parking and ALL naming rights revenue.

Where is the Rays Upfront CIT funds coming from if the County does not Bond out that revenue stream? Will they raid the County Reserves or raid more of your Property Tax Revenues?

Beware of the legal jargon use of the word "OR" instead of "AND" when the Rays "Memorandum of Demand" claims:

Funding from the CIT hereunder shall be implemented so as not to impact any public funds allocated for public infrastructure improvements or public safety within the region, including fire protection, law enforcement and emergency medical services. Using the word "OR" means either one but not both. Using the word "AND" means to include both. The County and city of Tampa are trying to skirt a lawsuit by including this claim. However, the voters were told BOTH much needed backlogged infrastructure AND public safety would be funded by the 2024 CIT Renewal.  It appears this claim is to sway (perhaps Payoff??) Commissioner Chris Boles who spent 28 years as a Hillsborough County firefighter and was an Officer and Spokesperson for the County's Firefighter's Union. Every single First Responder's Organization in Hillsborough County, including the Firefighter's Union, the Police Benevolent Association and Sheriff Chronister endorsed Boles in 2024. They were all a large part of his donor base. We have a good idea where he will land if having to choose between public safety OR infrastructure funding.   Boles 2024 campaign website states: It’s more important now than ever to stop wasteful spending and unnecessary costs in Hillsborough County’s budget. I am committed to focusing on the essential core functions of government: ensuring adequate public safety, enhancing our roadways, developing infrastructure to support sustainable growth, and maintaining fiscal responsibility with taxpayer funds. We need to bring critical thinking and common sense back to our government,” Boles continues. We will find out on the 20th whether Boles thinks spending a couple Billion dollars of tax dollars and interest for a new Rays stadium is a "core function of government". We'll find out if he thinks it is fiscally responsible for taxpayers to fund the Rays sketchy stadium subsidy deal and incur massive debt for decades. And we'll find out if he likes the use of the word "Or". The Rays have never specified where their own financing is coming from that begs the question whether they actually have a financing scheme. Their latest "Memorandum of Demand" states the Rays will give public funders access to their own financing information prior to "commitment of public funds". This is absurd! Could you even apply for a mortgage and not provide the mortgage company with your income information?  Perhaps this is the Rays "Give Us Your Tax Dollars Upfront and we'll run to the Bank/Investors and get our financing" moment. The Rays want it all - Your CIT, your Tourist Taxes and your Property Taxes all Upfront and loaded with taxpayer debt. If one is actually critically thinking about the Rays "Memorandum of Demand", as Commissioner Boles claims he will do, they would JUST SAY NO!  If the County and the City approves the Rays sketchy stadium subsidy scheme, they will: Break their promises to the voters Put a massive debt repayment burden on taxpayers Be ramming thru the Ray's demands to meet the Rays timeline using a process of backroom dealing and too little transparency Instead of approving the Rays Risky Business, the commissioners should be calling Three Strikes Rays and you are Out!  And remember INTENT means something!

Biden Bankrupt America Bill Collides with Opening Our Economy

$2.5- $4 Trillion
Biden Bankrupt America bill

Biden and the Democrats are masquerading their Multi-Trillion Dollar Green New Deal as an “Infrastructure and Jobs" bill. It is actually another Democrat massive porkbarrel Omnibus Spending bill to advance Biden's radical climate change agenda.

But Biden's Big Government Socialist spending agenda is hitting the headwind of good news. All across the country our economy is opening back up providing the opportunities for Americans to get back to work. 

The Big Squeeze in the Big Guava?

The Tribune reported Squeezing them in: Florida's growing population will come at a price.

Twenty million and counting.

Florida leaped over another population milestone this year, according to U.S. census figures, and is now the nation’s second-fastest growing state behind Texas.

Most of those new Floridians — some 1,000 per day — are arriving not in the delivery room but by one-way trips in ports and airports and along interstates 75 and 95 with trailers in tow.

That influx is not expected to slow down anytime soon with the state’s population predicted to rise to 26 million by 2030, according to the Bureau of Economic and Business Research at the University of Florida.

They're coming from somewhere. Hopefully not Syria.

Actually, they are coming to the sun belt, including Florida from the midwest and northeast according to census populations trends. Chicago, Boston, NYC, Philadelphia, Pittsburgh, etc. are not growing, and are losing residents. Where are they going? Dallas - Ft. Worth, Houston, Austin, Nashville, Raleigh, Charlotte, Atlanta, Phoenix, to name a few growing sunbelt cities. And of course, just about anywhere in Florida.

Why are they moving here to Florida?

Because it's better here, whether they're from Chicago or Syria.

No matter what you're looking for, we are tending upwards. Quality of life, growing jobs opportunity, affordability, weather, business climate, lower taxes, less onerous government intrusions. All these sunbelt cities are turning for the better and are growing compared to most any northern or midwest counterpart, and we're riding that wave.

It's also interesting to note that the sunbelt destination cities all are relatively younger cities, sprawling metro areas, post transit, small central business districts, multiple employment centers, with predominant suburban lifestyles. All brought to you by the modern marvel the automobile.

Where are they going in Florida? A lot will end up right here in the Tampa Bay area. According to UF's BEBR June 2015 Population Projections report, by 2040, local growth forecasts

	2014 Population	2040 Projection	Growth Projection
Hillsborough	1,301,887	1,883,123	581236
Pasco	479,340	733,885	254,545
Pinellas	933,258	978,541	45,283
Polk	623,174	901,077	277,903
Total			1,158,967

As a comparison, Central Florida (Orange, Osceola, Seminole, and Volusia Counties) is forecasted similarly to add another 1,116,590 residents combined. The stories about the I-4 corridor being the growth belt of Florida still hold true as over 2 million are expected here by 2040. The only place close is South Florida (Miami-Dade, Broward, and Palm Beach counties) where another 1.4 million are expected by 2040.

Will Tampa be like Hong Kong in 2040?

Keep in mind much of this growth is a continuation of Florida, and the Tampa Bay areas, growth over the last 25 years. Florida's population in 1990 was 13.03 million. It is now over 20 million. As scary as some people are making all this growth sound, the next 25 years are forecasted to be much in line with what we've been through. We don't need a wall or keep out signs at the border, or tell Zephyrhills water to stop bottling, or stop lawn watering to list a few of the doom and gloomers commenting in the Trib.

Of course, growth presents a continuing challenge on our infrastructure, governance, culture, environment -- many of the things that attracts people to Florida in the first place.

The Tribune highlights water and transportation as challenge areas to be addressed.

“Florida’s increasing population will continue to stress our critical water resources,” [Agriculture Commissioner Adam] Putnam spokesman Aaron Keller said in an email. “We must invest more in water supply planning and alternative supply development to meet the needs of this growing population and continue to support a thriving economy while balancing the needs of our natural environment.”

The situation is less acute in Tampa Bay, where existing sources, mainly reservoirs, lakes and other surface water, will provide enough potable water until about 2040,..

The most critical water shortage may be in the Orlando area.

....

Under the urging of Gov. Rick Scott, the Florida Department of Transportation has focused on toll and paid express lane projects. Locally, that includes the $454 million Gateway Express, which will link Interstate 275 to U.S. 19. The state is also moving ahead with the $3 billion Tampa Bay Express, which will widen I-275 through downtown Tampa and redesign its interchange with Interstate 4, commonly known as “malfunction junction.”

The state is now funding road and other transportation at record levels, and even more money will be needed to keep up with demand, Polzin warns. That could be especially true in the Tampa Bay area, where the region’s unusual geography — a huge metropolitan area linked by just three bridges — will make it difficult to solve traffic woes.

The region has the second-lowest number of freeway miles of any major metropolitan area in the nation, he said. Attempts in the past to build ring roads to alleviate the burden on I-275 failed to materialize because of environmental concerns.

More people also will mean more cars on the road during events such as hurricane evacuations.

“Virtually everything in the region needs to go on I-4 and I-275; there aren’t good alternatives that would help relieve pressure on that critical link,” Polzin said. “It foretells some pretty serious congestion and traffic problems.”

Don't forget those hurricanes. Few people look towards transit for evacuations.

The vast majority of the new arrivals will be arriving by car, will continue to use their car in their daily. This growth is the driving reason why we must fix our roads now!

Many of the new arrivals will be baby boomers, seeking to retiree in the sunshine the rest of us have enjoyed for many years. But keep in mind where many are coming from, and why they are coming here. They are not coming here to replicate the experiences they had in the past. They want our lifestyle - sun, fun, affordable living and freedom and ease of getting around town and the state.

But all thats at risk if we don't get it right.

The challenge for Florida will be to accommodate that increased demand without land and property prices spiraling out of the reach of working- and middle-class families, said Jack McCabe, chief executive of McCabe Research & Consulting of Deerfield Beach and an independent housing analyst.

In the past, Florida was a natural destination for retirees with many becoming snowbirds, living in mobile homes in the mild Florida winters before returning north for the summer.

Many of the residential towers recently completed or under construction are luxury-priced and aimed at affluent retirees or millennials. Prices of condos and downtown apartments are already out of reach for many residents in places like South Florida and downtown Tampa, he said.

“That was always one of Florida’s biggest selling points in the past — that it was affordable,” he said. “That isn’t the case anymore.”

We are beginning to see the consequences of some of the decisions

Hipster urbanists, urban planners and environmental do-gooders that end up limiting the new arrivals residential choice to urban oriented condos, apartments, infill development and urban growth areas will only constrain residential supply and choice and make residences more expensive for everyone else.

If fact, it will homogenize the urban areas further, reducing our delightful diversity to the people who can afford it. Afford to be with others of the same class, and same thinking, forcing the underclass out, perhaps into the suburbs the hiptster urbanists abhors. See San Francisco. But they'll think they saved the environment and the black bear, ignoring the real costs they hoisted upon others.

But if you're rich, you'll be set. But it's these same type of urban containment policies making day to day life unaffordable that many of the new residents will be fleeing from.

Yet these are often the same crowd that wants to restrict suburban growth and therefore limit the "live, work and play" choices for new arrivals.

In reality, Tampa proper has only grown about 70,000 the last 20 years. It will not be able to handle the 580,000 new residents in Hillsborough County without nearly tripling density. Think about every single family home in Tampa becoming a triplex, or building 1,160 500 unit apartment towers in the next 25 years, or about 46 per year. This is a bit of reductio ad absurdum arguments,  but some urbanist are thinking along these lines. Perhaps we can get by with 800 high rises. If you like Hong Kong.

Also consider the over 500,000 that will be arriving in Pasco and Polk counties by 2040, many of whom will work and play in Hillsborough further straining infrastructure needs.

The growth will largely occur in the suburban, and what is now rural areas. There are now developments encroaching upon Wimauma, of all places. Soon to go beyond. Sure, we'll have urban infill, increased densification in some areas for those that want that lifestyle. But there is no room for the amount of people coming this way in Tampa. They will be "out there", and will need more roads to get around. Even if the new arrivals ride transit at triple the current rate to 6%, 500,000 new residents will still be on the roads in Hillsborough every day, going where they want and need to go. FDOT understands this, and that's why the Tampa Bay Express project must proceed.

At the end of the day, we'll have challenges with our infrastructure driven by growth, and will have to make some tough decisions on our water, transportation, development strategies and costs, and environment. But we should always gauge our plans decisions on what's best for the people, and not some theoretical growth management and containment plan.

The new arrivals are voting to be here with their money and time because they like it more here than where they came from. Let's keep it that way. For all of us.