https://www.youtube.com/watch?v=BsUD6zp-dOg
Oakland News Online Blog – vlog by Zennie62 YouTube. OaklandNewsOnline.com is the original blog post for this content.
Oakland A’s Las Vegas SB509 Bill Public Hearing Livestream On Zennie62 YouTube
The livestream of the public hearing on the Oakland A’s Las Vegas Ballpark legislation called SB509, Southern Nevada Tourism and Innovation Hearing is to start at 7 PM EST.
Here is a breakdown of the main points of the legislation:
1. Special Zone Formed: sports and entertainment improvement district, ran by Las Vegas Stadium Authority.
2. Oakland A’s pay or cause to be paid monies from taxes from “tangible personal property sold at retail, or stored, used or otherwise consumed, in the sports and entertainment improvement
district during a fiscal year,” and monies from business taxes, event charges, and other fees. But the A’s don’t pay a property tax or possessory interest tax the way the bill is written.
3. Bond issue of $120 million results in annual debt service of $6,524,560 over 30 years or total of $202.6 million bond cost at 3.5 percent.
4. Oakland A’s could levy a $7 ticket surcharge and raise $17,010,000 annually from 30,000 seats. That’s 2.6 times the annual debt service of $6,524,560, and beyond the 2-to-1 debt coverage ratio.
5. The tax credit of $180 million is a risk to the A’s not the County.
Stay tuned for more.
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Note from Oakland News Now Blog, Zennie62 YouTube, and Zennie62Media: this Oakland News Online Blog video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018, originally on Zennie62Media , Inc.’s Oakland News Now. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. This is what we call “The Third Wave of Media”. The uploaded video is from a “liked” YouTube video by a vlogger with the Zennie62 on YouTube Partner Channel, then that YouTube video is uploaded to and formatted automatically at the Oakland News Online Blog site and Zennie62Media -created and owned social media pages. The overall objective is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. Now, news is reported with a smartphone: no heavy and expensive cameras or even a laptop are necessary, thus less chance for Oakland News Online Blog, Zennie62 YouTube vloggers to be robbed. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners. This process is entirely within YouTube terms of service, where embedding of videos for use on websites and platforms is allowed and encouraged.