Under the guise of revitalizing an anemic local economy, politicians seem to be falling for the latest in Dolphin-mania.
According to Forbes Magazine, Stephen Ross has a net worth of $4.4 billion, placing him among the top 100 wealthiest people in the United States. He’s asking for bed-tax money to modernize his personally-owned stadium. Ross has enough money to pay cash for these improvements that would ultimately enrich his investment. It’s unacceptable for a private entity to ask for public funds that benefit a private enterprise. The construction jobs will come and go.
The mostly minimum wage stadium jobs are already there. A smart businessman usually invests in his business. An even smarter businessman uses other people’s money, especially when returns on the investment might look questionable.
Hayes C. Bowen, Cutler Bay