Monday, July 6, 2015

Seventy Offers "Creative" Budget Ideas

The Committee of Seventy has put an interesting report up on their site, noting some of the creative budget changes other cities have made to cut costs or boost revenues. You can check it out here.

Seventy Offers "Creative" Budget Ideas

0 comments

The Committee of Seventy has put an interesting report up on their site, noting some of the creative budget changes other cities have made to cut costs or boost revenues. You can check it out here.

Here's one the city might want to mull over:

- Lease back the city-owned luxury boxes at the stadiums.
New York Mayor Michael Bloomberg agreed last year to give back the city’s luxury boxes he had negotiated for at the new Yankees and Mets baseball stadiums. Under the deal, which he agreed to only after the public complained, the mayor said the teams could sell the boxes at market rates, but the city would get the money. The teams agreed to pay the city at least $100,000, but luxury boxes for the Yankees were selling for up to $800,000 per season and up for $600,000 for the Mets, so the city stood to get some real money.

Could it work here: Of course. Philadelphia enjoys luxury boxes at the city’s sports arenas, boxes that would be worth well into the six-figure-per-season range on the open market. True, seats are often given away to city residents, but city officials and their families also take advantage of the boxes for championship games and rock concerts. In San Diego, they call this kind of thing a “gift” and make officials treat it as taxable income.

0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
 Follow William on Twitter

David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
 Follow David on Twitter

PhillyClout Team
Also on Philly.com
letter icon Newsletter