Trolling around on the Bloomberg Terminal at the office, I noticed the Chart of the Day (a few days ago) belonged to our very own hometown. But not in a good way. It's a graph of the projected sales tax revenue used to fund the bonds taken out by our municipality to fund both the Bengals and Reds stadiums.
Whoops! And they even included that bright red FAIL! in the actual chart. Crazy, right?
To be fair, this applies to both the Reds and Bengals. The Reds, however, did revisit their lease with the county. The Bengals did not.
But hey, at least we negotiated a tough stadium deal with the Bengals so the ongoing costs borne by the County won't increase each year. Oh wait. The costs DO increase each year? S***. Nevermind.
So why does this story get feature play on Bloomberg - information engine for the entire financial industry? Well, municipal bond markets make up an enormous amount of US savings (the muni bond market is in the trillions of dollars), particularly for individuals due to the tax-exempt status of their interest payments. When the fiscal situation looks as bleak as it does here, people take notice.
So, yes, awesome win Sunday. And hopefully Roy gives Himes the ol' horsecollar and breaks his leg ("hahaha, Sleeping, you don't really mean that"...YES I DO. Break his f***ing leg, Roy).
But given the cost the Bengals impose on our community, we as fans should expect big wins like Sunday to be a regular occurrence and need to hold ownership to the highest of standards. Full text of the Bloomberg article after the jump.