Wall Street got a bailout but not Detroit?

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Toxic-Seahorse

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#51 Toxic-Seahorse
Member since 2012 • 5074 Posts

[QUOTE="Toxic-Seahorse"][QUOTE="WhiteKnight77"]

Cities should never use taxpayer funds to pay for private enterprises or entertainment facilities. If a sports team wants a facility, the owner of the team should raise the money himself or pay for it from franchise revenue. If the owner feels that the team needs to move to a different city due to the current one not building something for them, so be it, but the new city should not be using taxpayer money to build that new facility either. Again, the owner or the team needs to pay for it. 

Murderstyle75

To be fair, these sports teams, especially the Detroit Red Wings, bring in a ton of revenue for the city and surrounding businesses. Detroit would be much worse off if it wasn't for their sports teams.

Problem is, there is absoutely nothing wrong with the current Joe Louis Arena which is only about 30 years old and is not in a bad location. Prices are already through the roof for everything surrounding this Entertainment District that has been developed in recent years. I went to a Tigers game last week and since the Lions were playing the same day, every asshole with a parking lot was charging $50 just to park your car. You could park 15 to 20 blocks away but it will still cost $25. And the parking is just one example. Going to a game used to be an affordable trip for the entire family. The more they develop, the more expensive everything gets. And what happens to the current arena? Another deteriorating eyesore until they finally tear it down one day to make room for another beautiful vacant lot like they did with Tiger Stadium?

I get your point. Joe Louis is outdated but it's still a good place to go to watch a game.

As for tearing it down, Joe Louis is in a much nicer area than Tiger Stadium was. I'd imagine that riverfront property would easily be sold. As for the parking prices, yeah they suck but the Lions and Tigers aren't going to play on the same day at home very often. I paid $20 for parking 2 blocks away from Comerica Park last time I went to a Tigers game, which is pretty good.

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AdrianWerner

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#53 AdrianWerner
Member since 2003 • 28441 Posts

Bailing out banks worked in saving them. Bailing out Detroid would just prolong it's agony. The city needs to completely fail, all social security, goverment jobs and administrative infrastucture needs to be wiped out and then started from scratch, without all the past obligations. That's the only way it will ever work. 

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ZomBViperKing

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#54 ZomBViperKing
Member since 2013 • 100 Posts
That is like comparing apples to oranges. A bail out for Detroit makes no sense since the city should of been able to manage their own finances.
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consoletroll

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#55 consoletroll
Member since 2013 • 416 Posts

have you guys ever heard of devils night in detroit? They love to set homes on fire.

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WhiteKnight77

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#56 WhiteKnight77
Member since 2003 • 12605 Posts

[QUOTE="WhiteKnight77"]

[QUOTE="Toxic-Seahorse"]Because putting money into a stadium benefits a lot more people than raises for fire fighters.

Especially in this case in Detroit. Mike Illich is the owner of both the Detroit Red Wings (who would be getting the new stadium) AND the Detroit Tigers. He's done more for Detroit than almost any other person. It's not like the city is completely funding the stadium, just part of it. This willn ot only house the Red Wings but bring concerts and shows to Downtown Detroit. 

Toxic-Seahorse

That is rich. A stadium does not benefit more people than firefighters or police officers. A stadium, areana or field are entertainment venues that serve x amount of people at one time and not on a daily basis. Police and firefighters serve a whole city, and in the case of Atlanta, that is over 432,000 people, every day. 

You seemed to misunderstand my post. You're saying that firefighters and police will do a poor job because they don't get a raise? That doesn't seem likely. You weren't talking about hiring more of them, just giving them raises. They're still going to do their jobs....

You didn't even watch the video or at least the page it was on did you? If so, you would have seen a picture of a billboard. Atlanta's city council is giving themselves a 52% raise while giving first responders only a raise of less than 5%. Then they come in and vote to use taxpayer dollars to fund a private businessman's sports venture (a new dome to replace one that is only 20 years old and still in good shape) instead of giving first responders a bigger raise. 

Will the first responders not do their job? No, but as they are some of the lowest paid in the entire Atlanta metro area, they do deserve more. They have had the blue flu in the past. Atlanta has even had to furlough days for the FD due to not enough mone in the past and that wasn't to long ago. If you cannot afford to pay your first responders better, then you cannot afford to pay for a private enterprise to build a new arena. Same for Detroit, if you are bankrupt, you cannot afford to pay for such an entity. 

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Toxic-Seahorse

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#57 Toxic-Seahorse
Member since 2012 • 5074 Posts

[QUOTE="Toxic-Seahorse"]

[QUOTE="WhiteKnight77"]

That is rich. A stadium does not benefit more people than firefighters or police officers. A stadium, areana or field are entertainment venues that serve x amount of people at one time and not on a daily basis. Police and firefighters serve a whole city, and in the case of Atlanta, that is over 432,000 people, every day. 

WhiteKnight77

You seemed to misunderstand my post. You're saying that firefighters and police will do a poor job because they don't get a raise? That doesn't seem likely. You weren't talking about hiring more of them, just giving them raises. They're still going to do their jobs....

You didn't even watch the video or at least the page it was on did you? If so, you would have seen a picture of a billboard. Atlanta's city council is giving themselves a 52% raise while giving first responders only a raise of less than 5%. Then they come in and vote to use taxpayer dollars to fund a private businessman's sports venture (a new dome to replace one that is only 20 years old and still in good shape) instead of giving first responders a bigger raise. 

Will the first responders not do their job? No, but as they are some of the lowest paid in the entire Atlanta metro area, they do deserve more. They have had the blue flu in the past. Atlanta has even had to furlough days for the FD due to not enough mone in the past and that wasn't to long ago. If you cannot afford to pay your first responders better, then you cannot afford to pay for a private enterprise to build a new arena. Same for Detroit, if you are bankrupt, you cannot afford to pay for such an entity. 

The main difference is that the stadium will bring in revenue for the city while a raise for first responders will not. It might not be fair, but that's the way it works.
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WhiteKnight77

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#58 WhiteKnight77
Member since 2003 • 12605 Posts

[QUOTE="WhiteKnight77"]

[QUOTE="Toxic-Seahorse"]

You didn't even watch the video or at least the page it was on did you? If so, you would have seen a picture of a billboard. Atlanta's city council is giving themselves a 52% raise while giving first responders only a raise of less than 5%. Then they come in and vote to use taxpayer dollars to fund a private businessman's sports venture (a new dome to replace one that is only 20 years old and still in good shape) instead of giving first responders a bigger raise. 

Will the first responders not do their job? No, but as they are some of the lowest paid in the entire Atlanta metro area, they do deserve more. They have had the blue flu in the past. Atlanta has even had to furlough days for the FD due to not enough mone in the past and that wasn't to long ago. If you cannot afford to pay your first responders better, then you cannot afford to pay for a private enterprise to build a new arena. Same for Detroit, if you are bankrupt, you cannot afford to pay for such an entity. 

Toxic-Seahorse

The main difference is that the stadium will bring in revenue for the city while a raise for first responders will not. It might not be fair, but that's the way it works.

In the case of Detroit, it will not make a difference due to the corrupt politicians spending the money that does nothing to help the city out. 

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Toxic-Seahorse

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#59 Toxic-Seahorse
Member since 2012 • 5074 Posts

 

In the case of Detroit, it will not make a difference due to the corrupt politicians spending the money that does nothing to help the city out. 

WhiteKnight77

Pretty much. Like I said in my post on the first page, Detroit is screwed no matter what happens. The residents of Detroit are the biggest problem. They're the ones who continually vote in and support the crooks in government.

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one_plum

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#60 one_plum
Member since 2009 • 6825 Posts

Perhaps Occupy Detroit doesn't sound as appealing.

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Addict187

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#61 Addict187
Member since 2008 • 1128 Posts

If a city cannot manage it's finacials and ends up bankrupt, it should not get a bailout. Those residents who elected the corrupt politicians in the first place have shown that they do not care how their money is spent or where it goes. Why should someone help them? 

Does that mean that I think the banks deserved to get bailed out too? Hell no, they should have been allowed to wither on the vine. Banks have been bailed out more than once over the years and they still haven't learned. Letting banks fail might be a wake up call for those that survive or start up in the future. 

WhiteKnight77
The banks did learn that if they mess up, they get a bailout. It would be like you getting so far into debt and then they bail you out. you would learn real fast that no matter what you will be fine and keep doing what you were doing. Just saying
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foxhound_fox

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#62 foxhound_fox
Member since 2005 • 98532 Posts
Because government.
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Murderstyle75

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#63 Murderstyle75
Member since 2011 • 4412 Posts

[QUOTE="WhiteKnight77"]

 

In the case of Detroit, it will not make a difference due to the corrupt politicians spending the money that does nothing to help the city out. 

Toxic-Seahorse

Pretty much. Like I said in my post on the first page, Detroit is screwed no matter what happens. The residents of Detroit are the biggest problem. They're the ones who continually vote in and support the crooks in government.

If only there was a way to just remove them. Perhaps this money used on sports arenas and wasted on scrapped jails that wasted hundreds of millions of dollars, they need to start leveling these neighborhoods. Downtown is great already. No need to fix something that isn't broken. Its the miles and miles of ghetto that's keeping everything down. Everybody is moving north to evade the hood. Give them a reason to come back. Land north of M59 is booming with housing development. They need to bring that development back to the city.
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Amvis

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#64 Amvis
Member since 2007 • 510 Posts

Detroit should get nothing. And Wall Street should not have gotten anything either.

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Lonelynight

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#65 Lonelynight
Member since 2006 • 30051 Posts
sell detroit to china
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hippiesanta

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#66 hippiesanta
Member since 2005 • 10301 Posts
beause detroit looks like a sinkhole area
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Master_Live

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#67 Master_Live
Member since 2004 • 20550 Posts
Let them go bankrupt.
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Murderstyle75

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#68 Murderstyle75
Member since 2011 • 4412 Posts
beause detroit looks like a sinkhole areahippiesanta
The city itself is beautiful in the downtown area. Its just the neighborhoods and main roads leading to them that are bad.
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Jacobistheman

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#69 Jacobistheman
Member since 2007 • 3975 Posts

The federal government bailed out the auto industry. 

The federal government does not need to give a bunch of money to a city that overspent.  

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AmazonTreeBoa

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#70 AmazonTreeBoa
Member since 2011 • 16745 Posts
No they shouldn't bail out Detroit. They also should have never bailed out the auto industry or the banks.
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Murderstyle75

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#71 Murderstyle75
Member since 2011 • 4412 Posts
No they shouldn't bail out Detroit. They also should have never bailed out the auto industry or the banks.AmazonTreeBoa
Well then perhaps the federal government should be made to go bankrupt too. They have more debt than even imaginable.
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#72 xscrapzx
Member since 2007 • 6636 Posts
[QUOTE="WhiteKnight77"]

If a city cannot manage it's finacials and ends up bankrupt, it should not get a bailout. Those residents who elected the corrupt politicians in the first place have shown that they do not care how their money is spent or where it goes. Why should someone help them? 

Does that mean that I think the banks deserved to get bailed out too? Hell no, they should have been allowed to wither on the vine. Banks have been bailed out more than once over the years and they still haven't learned. Letting banks fail might be a wake up call for those that survive or start up in the future. 

Addict187
The banks did learn that if they mess up, they get a bailout. It would be like you getting so far into debt and then they bail you out. you would learn real fast that no matter what you will be fine and keep doing what you were doing. Just saying

Yes, enabling is terrible, but at the end of the day back in 08 they had to do a bailout. There was no choice. In this case however, one is not needed.
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xscrapzx

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#73 xscrapzx
Member since 2007 • 6636 Posts
[QUOTE="AmazonTreeBoa"]No they shouldn't bail out Detroit. They also should have never bailed out the auto industry or the banks.Murderstyle75
Well then perhaps the federal government should be made to go bankrupt too. They have more debt than even imaginable.

Yes, that makes a lot of sense. :S Having debt is one thing, not being able to pay for that debt is another, something that Detroit can't do.
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Barbariser

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#74 Barbariser
Member since 2009 • 6785 Posts
[QUOTE="AmazonTreeBoa"]No they shouldn't bail out Detroit. They also should have never bailed out the auto industry or the banks.Murderstyle75
Well then perhaps the federal government should be made to go bankrupt too. They have more debt than even imaginable.

There is a huge difference between a growing, highly diversified $15.8 trillion dollar economy with numerous fiscal and monetary solutions to economic crises, and a shrinking/stagnant <$50 billion dollar municipal economy that is dependent on a few sectors and cannot do anything to its currency.