Hey everyone, I heard something interesting about the 76ers basketball team in Philadelphia. They’re trying to work out a deal with the city government. From what I understand, they want to give their land to the city and then rent it back. This seems like a clever way to skip out on paying real estate taxes. Is this even allowed? Has anyone heard of other sports teams doing something similar? I’m curious about how this might affect the city’s budget if it goes through. What do you all think about this strategy?
This kind of arrangement isn’t unheard of in sports, but it’s certainly controversial. While it might save the 76ers money, it could potentially shortchange Philadelphia’s public services that rely on tax revenue. There’s also the question of fairness - should a profitable pro sports team get special treatment unavailable to other businesses or residents? The city would need to weigh the economic benefits of keeping the team against the lost tax income. It’s a complex issue without easy answers, and I’d be interested to see how it plays out and whether it sets a precedent for other cities and teams.
Interesting strategy! I wonder how other cities might react if this becomes a trend. Could it lead to more creative tax avoidance schemes? What about the potential impact on local services if tax revenue drops? Have you heard of any pushback from residents or city officials on this?
hmm, sounds like a clever loophole. but is it fair? other businesses cant pull this off. might set a dangerous precedent if the city agrees. wonder how much tax $ theyd lose? could impact schools n stuff. hope theres some public debate b4 any decisions r made