The idea behind tax credits and other tax incentives is to convince businesses to invest in the jurisdiction over which the taxing authority holds sway. When the business is already committed to investing in the area and there is no danger of losing said investment to another jurisdiction, there is little reason to grant that business tax credits and incentives. To do so is pretty gratuitous, actually.
But hey, sports:
Jim Walls at Atlanta Magazine has secured some documentsshowing “negotiators for Cobb County and the Braves considered funding packages that included up to $60 million in state tax credits on top of the $300 million in county funding.” . . . another incentive, created especially for new tourism destinations, that can be granted only by the governor. If the team were approved for the program, it could earn the Braves a 10-year rebate on all sales taxes it collected at the new stadium – perhaps $20 million.
The Braves are absolutely undoubtedly staying within the state of Georgia. They have committed to it. There is no going back to Wisconsin or Massachusetts. They’re building a stadium in Cobb County. Yet I wouldn’t bet a pair of fetid dingo’s kidneys that Georgia won’t give them the tax credits they want. Because governments — especially when sports are involved — have totally forgotten what the whole point of using the tax system as a means of incentive creation and have committed to straight corporate welfare. It’s pretty gobsmacking.
This is happening, people.
Earlier we heard Joe Maddon being non-committal about Kyle Schwarber joining the Cubs for the World Series. Now it seems pretty clear that the Cubs are committal indeed: Jon Morosi reports that Schwarber is en route to Cleveland from Arizona on a private jet and that he’s expected to DH in Game 1 tomorrow night.
Schwarber hasn’t played in a game that counted since April 7. His potent bat is could be a windfall for a Cubs team that didn’t have a game-changing option at DH in the American League park.
Schwarber lost the whole season due to a knee injury, but he hit .246/.355/.487 with 16 homers and 43 RBI in 69 games as a rookie in 2015. His big coming out party was in the playoffs, however, when he hit three homers in five postseason games while going 7-for-13 with two walks in five games.
Paul Hoynes of the Cleveland Plain Dealer reports that Indians First Baseman/DH Carlos Santana shagged some flyballs in left field during the Indians’ workout today.
Sure, why not? Santana has played one game in the outfield in his major league career and that was over four years ago, but the Indians will have to play in Chicago without the DH, meaning either losing Santana’s bat or that of Mike Napoli.
It would be up to Terry Francona to decide if that happens, but ultimately I don’t think he’ll make it real and, rather, will just forget about it, because Santana’s defense out there would in no way be smooth.
I’m sorry. I’m sick today and I’m on a lot of cold medicine.