Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
The McCaskey family’s basis in that team is about zero. Fair market value now is probably in the $4.5 billion range. NO family members have any accomplishments to speak of other than being heirs. Has any one ever heard of any family member doing anything for the community re education? Homelessness? Crime prevention? College donations? Hospital wings? Anything at all? Nope. What taxpayer would want his funds to support this team? What legislator in his or her right mind would vote to give property tax breaks to these privileged billionaires?
Spot on Sparty. The annual Silverdome subsidy was a political football in Lansing that didn’t go away until the Lions moved into a new stadium in Detroit.
I would say the Ford family is more generous than the McCaskeys though.
They’re a bit sharper too. The best thing about old man Bill Ford owning the Lions for decades is he didn’t run the Ford Motor Company and drive it into a ditch.