Who benefits from City give-aways?
04/15/2014 5:04 PM
04/16/2014 2:12 PM
Re "City would sprout digital billboards in Kings deal" (Our Region, April 15) Sacramento's proposed no-cost lease of six sites for new digital billboards is the latest give-away to the million/billionaire owners of the Sacramento Kings. According to The Bee, each of these sites could rent for $200,000 a year on the open market.
So the City is giving up a potential revenue stream of $1.2 million? And who benefits from this give-away? Not those of us who use Sacramento's under-maintained pubic parks. Certainly not those who use food banks to supplement too-meager incomes.
The Bee should report the net worth of the total Kings' ownership, and we should all be asking why our city is part of the national problem of over-privileging the wealthy few, while tolerating deterioration of the commons, poverty and homelessness.
-- Jim Hare, Sacramento
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