Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
76°F
Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
-- Local News 
 Sports 
 Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 Obituaries 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 




 
Friday, June 18, 2004

Stadium, ballpark taxes falling short



By Cindi Andrews
The Cincinnati Enquirer

Hamilton County might be on the hook for up to $286 million for its football and baseball stadiums if people don't start doing some serious shopping here, according to new projections from the county administration.

"I see this as a fiscal time bomb," County Commissioner Phil Heimlich said Thursday.

A half-cent-on-the-dollar sales tax approved by county voters in 1996 needed to average 3 percent growth a year to cover construction and operating costs for Paul Brown Stadium and Great American Ball Park. Leaders said the target was conservative given historic averages of 5 percent growth, but the county has missed it for the past four years.

Now, the sales tax will have to consistently grow by 4 percent a year to break even on expenses and construction debt, according to the county's budget office. The sales tax brought in $60.4 million in 2003, virtually unchanged from 2002.

The county has set aside $25 million to cover unexpected expenses, but because of the sales tax slump, Heimlich wants to increase that pot to $80 million. Tax increases are not an option, he said, so cuts may be necessary in social services and court operations.

If sales tax growth averages 3 percent a year between now and 2032 - when the debt is supposed to be paid off - annual shortfalls will add up to $80.6 million in today's dollars. Annual growth of 1 percent would translate to a $285.9 million shortfall.

The red ink will probably start to trickle in 2006 or 2007, according to Assistant County Administrator Eric Stuckey.

Heimlich and Commissioner Todd Portune say the coming fiscal crunch is one reason they feel duty-bound to sue the Cincinnati Bengals and the National Football League.

The county has asked to take over a federal lawsuit that alleges the team illegally used its pro football monopoly to extort a new stadium and favorable lease terms from the county.

E-mail candrews@enquirer.com




TOP STORIES
West Nile season's here - but don't panic
Fewer students take up smoking
Warren County has a college
Bridge rusts amid debate over color
Letter predicts summer of unrest
Man convicted in '74 slaying of retired principal

IN THE TRISTATE
Leads followed in death
Two Children Services workers face hearing in death of child
Some on board get impatient with Frailey
Culberson dedication scheduled
Husband receives 10 years in killing
6th Circuit may get a judge - or not
Young offenders, Sunday sales covered under new Ohio laws
Bush to boost marriage plan
Charge says man raped 37 victims
Maupins attend Red Cross meeting
Stadium, ballpark taxes falling short
Judge defines 'wooden stick'
Fix-it-up order is a fake
Public safety briefs
News briefs
Neighbors Briefs

ENQUIRER COLUMNISTS
Downs: UC grad deals with gorillas in his midst
Fund addresses character issues

LIVES REMEMBERED
Aaron Levine, co-founded institute

KENTUCKY STORIES
Group to help seek new lung-cancer treatments
Court: No DUI loophole for young drivers
School contracts under fire
Court: 'Viable' fetus is a person
Admiral: Public deserves reports from war front
3 cleanup sites are postponed
N.Ky. wants plant built soonest
Residents want own paramedic squad
Kentucky news briefs



 

Latest Headline News
Updated Every 30 Minutes
AP TOP HEADLINE NEWS

Iraqi Official: 150,000 Civilians Dead

Sen. Allen Concedes Defeat in Virginia

Bush, Pelosi Hold White House Talks

Massive Recall of Acetaminophen Underway

Mubarak Warns Against Hanging Saddam

Bolton Unlikely to Win Senate Approval

AP: Startling Findings in Tillman Probe

Ed Bradley of '60 Minutes' Dies at 65

U.S. Rises in Auto Reliability Ratings

49ers Look to Relocate New Stadium



Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.