City will gain from arena, not subsidize it

Published: Wednesday, Dec. 11, 2013 - 1:10 pm

Re "City arena subsidy faces new debate" (Page A1, Dec. 6): The Sacramento Bee incorrectly calls the city's monetary contribution to the new downtown arena a subsidy. The dictionary definition of a subsidy is "monetary assistance given to someone else in support of an enterprise regarded as being in the public interest." Why is the city of Sacramento's contribution to the new arena not a subsidy? Simple. The city will own the new arena, a very valuable asset from which the city will derive massive financial returns. The city's monetary contribution should rightfully be called a smart investment, not a subsidy.

-- Craig Wilson, Carmichael

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