Quote:
Originally Posted by bushwacker
They are not store front properties, but I wonder how the economy will affect professional sports. Ticket prices have gone through the roof in recent years, I can't see the average joe dropping a couple of hundred dollars to take the family to a basketball or football game.
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As long as season tickets remain write-offable as a "business expense," status will remain quo. If $100+ everyday-game seats (not playoffs or finals) suddenly have to be paid for with real money, demand will plummet.
Same as the condos across the street from Staples Center in L.A. Who the hell is gonna live there? Nobody. The only demand is corporate party suites and digs for, uh,
ladyfriends of married executives.
If the taxpayers stop footing the bill for these corporate excesses, they will evaporate like the top inch of Lake Mead on a summer day.
--t