Let Milwaukee Bucks Owners Pay Their Own Way

Under the current plan, private investors would own the team franchise (an appreciating asset with high upside potential) while taxpayers would support an arena (a depreciating asset with a considerable downside). A better deal for taxpayers would be to treat them like investors with an ownership share in proportion to their contribution, entitling them to gains and not just losses. In particular, they would share in the gains in franchise value if the team left town after they built an arena.  ...

It is time to pivot away from attempts to gain tax support for the depreciating asset of this business. The economic recovery has been very kind to the high-income owners; they should fund the entire business, both the franchise and the arena. [source]