Whenever the subject of publicly-financed ballparks and stadiums comes up someone always makes the distinction that so-and-so’s ballpark wasn’t paid for with taxpayer dollars but, rather, was paid for with municipal bonds.
Muni bonds, however, are not free. As Bloomberg notes, just because the money doesn’t come from a city or state’s general fund doesn’t mean taxpayers aren’t footing the bill. They are, because the interest paid to investors on such bonds are not taxable. The result:
Tax exemptions on interest paid by muni bonds that were issued for sports structures cost the U.S. Treasury $146 million a year, based on data compiled by Bloomberg on 2,700 securities. Over the life of the $17 billion of exempt debt issued to build stadiums since 1986, the last of which matures in 2047, taxpayer subsidies to bondholders will total $4 billion, the data show.
Stadiums which directly enrich millionaire and billionaire sports owners and their allied businesses.
White Sox’ no. 1 prospect Eloy Jimenez is likely to be removed from Dominican Winter League play following a recent quad injury, Bruce Levine of WSCR-AM reports. While the injury happened fairly close to the end of Jimenez’s scheduled playing time this offseason, it’s still of some concern for the club as the 22-year-old outfielder continues to move closer to his major league entrance in 2019.
Jimenez made a considerable jump from Double-A Birmingham to Triple-A Charlotte in 2018. He obliterated the competition at both levels and capped his season with a combined .337/.384/.577 with 22 home runs, 75 RBI and a .960 OPS through 456 plate appearances. By season’s end, he not only topped the charts in the White Sox’ own farm system, but was ranked first among all outfield prospects and third among all MLB prospects (per MLB Pipeline).
This isn’t Jimenez’s first brush with injury, though he has yet to contract anything serious enough to slow his rocket-like ascent through the minors en route to his first major-league gig. The young slugger was sidelined for several weeks with a left adductor strain in July and suffered some late-season flu symptoms in August, but even with this most recent complication, remains on track for his debut in the spring of 2019.