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June 09, 2005
Ben Franklin would have balked at hall of fame funding
I’m just not sure this is what our founding fathers had in mind.
Reading the stories about Charlotte’s bid to entice the proposed NASCAR Hall of Fame, it quickly becomes clear that the taxpayers are in for quite a ride - again. The other cities still in this particular NASCAR race also appear all too willing to spend the taxpayers' money to claim the coveted hall.
Private-public partnership my eye.
Those founding fathers would be appalled at the costly coziness of today’s public officials and the France family’s extremely profitable racing companies.
I always figured Ben Franklin would have been an open-wheel racing fan anyway, so he wouldn't have backed a NASCAR hall. Probably a Formula One guy, given his fondness for things French and otherwise European.
But John Hancock - he of the signature rivaled only by Richard Petty's for it's flair and sheer enormity - and George Washington?
They’d have been Mark Martin fans.
Still, even the most dedicated stock car racing fan of any era has to wonder: Why are city, county and state governments so eager to foot the bill to build and maintain a NASCAR Hall of Fame while the primary beneficiaries - the France family – would have only to keep cashing checks?
I mean, come on, they're already one of the country's wealthiest families. Do they really need our help?
It’s much the same way the Frances run their race track business, International Speedway Corp. Proposed speedways in Washington state and near New York City are expected to costs hundreds of millions of dollars, if they’re ever built.
The public is being asked to cover all but a fraction of those costs, then lease the new tracks to ISC. That way, if NASCAR wants to “realign” the schedule and take races away from those places, the company won’t be stuck. The taxpayers will.
Yeah, I know, a NASCAR Hall of Fame would be neat. And our governments are likely to waste the money anyway. And, sure, I’d much rather see my taxes being spent on race tracks and halls of fame than on many of those other things governments deem necessary.
And, yeah, I think Charlotte is the best place for a stock car racing hall.
But I agree with the editorial writer with the Journal & Constitution in Atlanta, one of the other cities vying for the hall.
The problem is that Atlanta and the state contemplate spending $30 million in taxpayer money to help build a $92 million edifice for NASCAR, a family business that could well afford to finance construction itself. Yes, encourage the France family, which owns NASCAR, to bring the hall to Atlanta. ...
But say no to a $30 million handout.
Meanwhile, back in Charlotte, officials who appear willing to spend even more than Atlanta have proposed making NASCAR founder William Getty "Big Bill" France Sr. and his wife the first inductees.
The Charlotte Observer's Scott Dodd notes that France's grandson, Brian, is running the NASCAR show now. Three other Frances, including Big Bill's sons and granddaughter, sit on the five-person governing board.
So offering to honor Bill France and his wife first makes good sense for a city trying to win NASCAR's nod of approval over four competitors.
Me? I think transfering tens of millions of taxpayer dollars directly into the Frances' bank accounts would amount to sufficient homage.
June 9, 2005 in Racing | Permalink
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Comments
If the cities bidding for the Hall of Fame plan on using taxpayer money and having taxpayers see an increase in their taxes to benefit the France family...then put it on a special ballot and let the people vote. I'm sure it would be great to say "We have the Nascar Hall of Fame in our City", until you are stuck paying all the bills, taxes and Uncle Bill gets the profit from the sales. BS...Nascar wants a Hall of Fame then Uncle Bill needs to show me the money and a big ole bond for the future. Sorry Uncle Bill...no more screwing the little folks...dig into YOUR wallet and pull out the money.
Posted by: anterry8 | Jun 27, 2005 10:04:08 PM
Anyone who would fly a kite in a lightning storm would only be a fan of one kind of racing...
Nitromethane-burning top fuel dragsters!
Posted by: Rick | Jun 17, 2005 1:36:44 PM
Sounds like the Georgia Dome was a bust. Although, I can offer up an example of a ballpark that has done wonders for a city...SBC/PacBell Park in San Fran. Before it was built a few years ago, the area was called China Basin and was known for violence, junkyards and homeless people. Ever since the ballpark went in, it has experienced a renaissance unlike any I've ever seen in such a seedy area in such a short period of time (and of course, is now called "South Beach" -haha).
That being said, the Hall of Fame is just another marketing scam. If it were truly an homage to it's past, not only would the France family fork over the dough instead of asking for the working man to pay for its little shrine, but NASCAR spokespeople wouldn't be forced to hedge when asked if the Hall will be for-profit or non-profit.
Posted by: Allison | Jun 9, 2005 4:57:49 PM
If you want to see how the spending of taxpayers money has "enhanced" a private venture.....look at the Georgia Dome. It costs the taxpayers tens of millions of dollars to have it built... for what? more traffic congestion, less parking, more crime (which equals more Police taken away from more important issues), more money in the politicians and business-persons pockets, and last but more importantly, higher tax rates for the citizens to maintain and upgrade the Dome and it's facilities. Let's see if the France's will make a deal for this one. We will give you 30 million to build it in Atlanta if you will give us 30 million to help alleviate the troubles the Dome fiasco has created. Oh that equals nothing for you? Now you got the point.
Posted by: Boogyman | Jun 9, 2005 2:32:48 PM
Personally, I'm disgusted by the greed the France family exhibits. This Hall of Fame is supposed to honor the sport and showcase it's history, not afford Brian France a new yacht at the expense of locals and visitors to Charlotte.
And from a professional standpoint (I'm in PR), I find this all a shameless publicity stunt, everything from the RFP process to the artificial deadlines to the manufactured "bidding wars." Notice how the hall selectee will be announced "at the end of the year"? Oh, what a convenient way to grab a few headlines during the off-season.
Does it really take 7 months to review these proposals? After all, NASCAR is simply going to sell it to the highest bidder anyways.
Posted by: Allison | Jun 9, 2005 1:59:15 PM
Nascar wants a Hall of fame let Nascar build it. The citizens won't see any benefit! It will go to the developers and the politicians. The locals will see taxes increase to fund it. And who the heck can pay the ticket prices to a race and afford to cough up another $20 to look at displays? Nascar you're a billion dollar industry...build your own memorial!!!
Posted by: Keith | Jun 9, 2005 1:52:09 PM
The idea of subsidizing a private project with federal funds is lunacy. As Adam Smith stated the government should only provide public goods and unfortunately for us NASCAR fans racing is not such.
Furthermore, the idea put forth by our political leaders that the Hall of Fame will generate extra revenue and jobs for the area is nonsense. People have leisure funds that they will spend regardless of whether the hall of fame is in a city or not (instead of buying a ticket for the hall of fame the person would go to the movies if the hall of fame was not in the city).
Some jobs are created, but you are talking about say 100 jobs at the cost of millions of dollars. We could just forget about the hall of fame and give these people 40,000 a year for the rest of their life and save money.
The point, you are right. Numerous studies have shown that new football, baseball, and other stadiums built with public funds add little to a region in terms of financial gain. Unfortunately, we live in a republic, not a democracy and thus do not have an immediate say in the manner. Ask the voters of Seattle who voted down a new stadium to have city and state officials build it with public funds anyway.
The hall of fame funding is just one more example of special interest ruling our government. When our troops do not have the equipment they need, our schools are deteriorating, and our health care system is a complete mess what do we do--build a hall of fame for a private enterprise with public funds. Sure, that makes sense to me.
Posted by: Ed | Jun 9, 2005 10:34:42 AM
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