Quote:
Originally Posted by TripletDaddy
LHM used RDA funds to help pay for the land. He didnt pay for it all himself. The building was privately financed through some of his own cash and then mostly loans (not uncommon).
I believe there were bonds involved because towards the late 90s, LHM had ot refinance and at the time, S&P gave the investment a really high rating for a sports team. Possibly the highest one of any sports refinancing.
I still think ESA does not fall under SU's model, though, since, again, bonds are financing, not subsidy.
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This is correct.
While LHM did use a large portion of his own wealth to help pay for the arena, it is a myth that he paid for it all by himself, as he did get some public assistance for it.