WEBVTT 1 00:00:00.880 --> 00:00:03.160 Billy Cunning in the Great America, Welcome to this floor. 2 00:00:03.319 --> 00:00:05.839 Is Tuesday afternon in the Tri States the Reds Baseball, 3 00:00:06.240 --> 00:00:08.160 they have one in a row and so in fact 4 00:00:08.199 --> 00:00:10.039 two in a row. They won Sunday and Monday. So 5 00:00:10.080 --> 00:00:12.000 if they win the next ten games they might be 6 00:00:12.080 --> 00:00:13.839 back in it. They're only like three and a half 7 00:00:13.880 --> 00:00:15.839 games out of a wildcard. They have to leap over 8 00:00:15.880 --> 00:00:17.920 eighteen teams, but if they get there, they'll be in 9 00:00:17.920 --> 00:00:22.079 the wildcard. And tonight Hunter Green, who I think, according 10 00:00:22.120 --> 00:00:24.679 to David Young of Warren County, Hunter Green may be 11 00:00:24.800 --> 00:00:27.719 related to Hunter Biden. The two have the same first name. 12 00:00:27.760 --> 00:00:30.199 I'm not sure that's accurate, but I want to check 13 00:00:30.239 --> 00:00:32.479 in with David Young on the tennis tournament. So much more, 14 00:00:32.520 --> 00:00:36.320 plus the wards of Jason Williams yesterday that talked about 15 00:00:36.600 --> 00:00:40.679 following Jimmy Haslin to leave downtown Cleveland and go south 16 00:00:41.039 --> 00:00:43.159 into the suburbs and build a big deal. And is 17 00:00:43.200 --> 00:00:46.560 that possible for one of the six or seven outlying counties, 18 00:00:46.560 --> 00:00:49.240 maybe in Boone County, Tony Bender and a bunch of 19 00:00:49.280 --> 00:00:52.520 investments get together and build a stadium for the tune 20 00:00:52.520 --> 00:00:54.880 of two to three billion dollars and then there'll be 21 00:00:54.920 --> 00:00:57.119 a big return on that in about thirty five years. 22 00:00:57.359 --> 00:00:59.640 But until then, Dave Young, welcome again to the Bill 23 00:00:59.640 --> 00:01:02.439 cunning Him Show, the tennis tournament, the Bengals moving and more. 24 00:01:02.799 --> 00:01:07.040 Have you seen evidence of Hunter Green pitching tonight related 25 00:01:07.120 --> 00:01:11.040 somehow to Hunter Biden? Is that possible, Willie? 26 00:01:11.079 --> 00:01:14.040 That is an excellent topic to start off with, seeing 27 00:01:14.159 --> 00:01:17.319 with my great allegiance and desire to be a professional 28 00:01:17.400 --> 00:01:21.159 baseball player and my performing at such a high level 29 00:01:21.159 --> 00:01:23.760 at Red's Fantasy Camp each and every year. Yes, I 30 00:01:23.799 --> 00:01:24.719 thought I was going to get. 31 00:01:24.599 --> 00:01:25.120 The call up. 32 00:01:25.400 --> 00:01:30.120 But I will say Hunter Green is a fine young man. 33 00:01:30.400 --> 00:01:33.760 I like him. I have met him. He has earned 34 00:01:33.760 --> 00:01:36.959 his money through completely legal channels, and he is not 35 00:01:37.079 --> 00:01:40.319 doing a side hustle of painting pictures for big money. 36 00:01:40.319 --> 00:01:43.159 He is actually throwing a baseball and earning his keep. 37 00:01:43.480 --> 00:01:46.439 So I don't know if there is a direct Actually 38 00:01:46.640 --> 00:01:50.640 I'm sure there's not a correlation between the two Hunters. 39 00:01:50.840 --> 00:01:54.319 Well, you never know, because Hunter Biden sold some of 40 00:01:54.319 --> 00:01:57.000 his art for seven hundred and fifty thousand dollars for 41 00:01:57.040 --> 00:01:59.920 a painting to a rich democrat who now is the 42 00:02:00.120 --> 00:02:03.719 ambassador to Switzerland, And so I know there's no connection 43 00:02:04.159 --> 00:02:07.760 between the seven hundred and fifty thousand dollars paid to 44 00:02:07.840 --> 00:02:10.280 Hunter Biden to get the ambassadorship. It looks a little 45 00:02:10.400 --> 00:02:13.000 Have you noticed that once you go into politics, if 46 00:02:13.039 --> 00:02:17.039 you're Nancy Pelosi or if you're Mitch McConnell, even though 47 00:02:17.039 --> 00:02:19.719 you make one hundred and sixty two thousand dollars a year, 48 00:02:20.159 --> 00:02:22.199 which seems like a lot of money, but you live 49 00:02:22.240 --> 00:02:26.080 in two places, you pay taxes. Taxes in Washington, DC 50 00:02:26.159 --> 00:02:29.560 are confiscatory, that somehow there's a direct correlation between the 51 00:02:29.639 --> 00:02:32.120 number of years you're in politics making a little no 52 00:02:32.240 --> 00:02:34.800 money and your net worth. Is there any truth to 53 00:02:34.879 --> 00:02:37.919 Warren County being the same way that you've gone into politics, 54 00:02:38.199 --> 00:02:39.960 And of course you were a rich guy before you 55 00:02:40.000 --> 00:02:41.960 went in you're a rich guy now. But have you 56 00:02:42.000 --> 00:02:45.080 noticed in Washington, d C. That the longer you're in politics, 57 00:02:45.360 --> 00:02:47.479 the more money you make and you build homes along 58 00:02:47.520 --> 00:02:50.439 the Atlantic Ocean? Have you noticed that? 59 00:02:50.520 --> 00:02:53.479 Another very interesting question, And maybe I don't understand money 60 00:02:53.560 --> 00:02:55.520 that well, even though that's what I did for a 61 00:02:55.520 --> 00:02:58.840 living for a long time. When it's publicly disclosed on 62 00:02:58.879 --> 00:03:01.879 your financial documents, you're a politician, how much money you're 63 00:03:01.919 --> 00:03:04.319 worth when you take office, you have to disclose a 64 00:03:04.400 --> 00:03:08.599 ballpark of what that looks like. Then you make a 65 00:03:08.639 --> 00:03:13.199 publicly disclosed salary. We the people pay you a salary 66 00:03:13.240 --> 00:03:18.199 to do a certain job. Then, miraculously, four or eight 67 00:03:18.360 --> 00:03:21.439 years later, you go from being worth you know, a 68 00:03:21.439 --> 00:03:23.840 few hundred thousand dollars, maybe a couple of million bucks, 69 00:03:23.879 --> 00:03:27.080 and you're worth thirty million, wow, or in some cases 70 00:03:27.120 --> 00:03:31.120 one hundred million as a president when frugal work community organized. 71 00:03:31.840 --> 00:03:34.400 I don't maybe, but you know, hey, maybe they made 72 00:03:34.400 --> 00:03:37.319 a million bucks on a book. But man's that's an 73 00:03:37.520 --> 00:03:42.199 unbelievably good return on your investment advisor. 74 00:03:41.879 --> 00:03:44.759 I guess well. The Clinton's left office in twenty oh one, 75 00:03:45.000 --> 00:03:47.919 Hillary said we're broke. Within about four or five years, 76 00:03:47.960 --> 00:03:51.000 they're worth three hundred million dollars. The Obama's left office 77 00:03:51.120 --> 00:03:52.960 with little or no money. They're worth a half a 78 00:03:53.000 --> 00:03:56.479 billion dollars. Mitch McConnell, they're Republican out of Kentucky is 79 00:03:56.520 --> 00:03:59.039 worth one hundred million. And one of the greatest things 80 00:03:59.120 --> 00:04:02.520 is Nancy Pelos. She's now worth, according to her estimates, 81 00:04:02.520 --> 00:04:05.639 two hundred to four hundred million dollars, and she must 82 00:04:05.680 --> 00:04:09.039 be very frugal with her money. And of course Joe Biden, 83 00:04:09.800 --> 00:04:13.680 he's buying houses along the Atlantic coastline. He never made 84 00:04:13.759 --> 00:04:15.919 more than one hundred and sixty two thousand, Tili became 85 00:04:16.000 --> 00:04:19.319 the president making four hundred thousand. He must be very frugal. 86 00:04:19.480 --> 00:04:23.439 He's buying multi million dollar mansions on the coastline. That's 87 00:04:23.480 --> 00:04:25.560 not bad. I mean, you got to save your money. 88 00:04:25.639 --> 00:04:28.199 Let's talk about something more Germane really, yeah, we got 89 00:04:28.360 --> 00:04:29.160 you a hard stop. 90 00:04:29.199 --> 00:04:32.600 I'm in too good of a freaking mood. It's perfect weather, 91 00:04:32.759 --> 00:04:35.480 perfect time of year, perfect stuff going on around the 92 00:04:35.519 --> 00:04:40.040 corner at the Mason Tennis Tournament. It's unbelievable. That's what 93 00:04:40.079 --> 00:04:40.759 I want to talk about. 94 00:04:40.879 --> 00:04:43.480 Let's talk about tennis and then the Bengals possibly moving. 95 00:04:43.480 --> 00:04:45.800 First of all, the tennis tournament. It's underway with Ted 96 00:04:45.879 --> 00:04:50.240 McKay and it's hot and heavy. I see that seventy percent. 97 00:04:50.319 --> 00:04:53.199 I didn't know this. Seventy percent of those who attend 98 00:04:53.240 --> 00:04:55.920 the tournament do not live in the tri States, So 99 00:04:56.079 --> 00:04:59.360 seventy percent come from forty nine other states. They come 100 00:04:59.399 --> 00:05:02.600 from Europe, come from Asia. Unbelievable and to keep that 101 00:05:02.759 --> 00:05:05.560 as such a win, even though the Jokers not playing 102 00:05:05.759 --> 00:05:09.600 Alcatraz Is? How was yesterday? How will this afternoon be? 103 00:05:09.680 --> 00:05:11.680 How about tomorrow? When should I attend? If at all? 104 00:05:13.240 --> 00:05:17.079 You should attend often? And it's literally unbelievable. You know, 105 00:05:17.279 --> 00:05:20.879 I'm not exactly an emotional guy, will unless I getn't, 106 00:05:20.959 --> 00:05:25.680 you know, talking about my kids or something. But Saturday 107 00:05:25.759 --> 00:05:28.399 I went up there for the first time on Community Day, 108 00:05:28.759 --> 00:05:31.240 which used to be kind of a throwaway day they 109 00:05:31.279 --> 00:05:34.040 called the tournament. There was really nothing going on, just 110 00:05:34.079 --> 00:05:39.279 getting the operations going. They sold seven thousand tickets plus 111 00:05:39.319 --> 00:05:42.279 the people that were there on passes and things. There 112 00:05:42.399 --> 00:05:46.160 was I don't know ten thousand people around that stadium 113 00:05:46.199 --> 00:05:50.800 to watch a charity match with Agacy, Roddick and Eisner. 114 00:05:51.759 --> 00:05:55.480 And it was literally unbelievable, Willie. I was sarr yesterday. 115 00:05:55.800 --> 00:06:01.560 Bands playing literally they they've transformed this fan area where 116 00:06:01.560 --> 00:06:04.040 it used to be just so hot in the asphalt 117 00:06:04.160 --> 00:06:09.079 and it was terrible. They put this fan centric philosophical 118 00:06:09.120 --> 00:06:12.079 approach to everything out there. They've made it into like 119 00:06:12.120 --> 00:06:14.759 a garden. There are these massive trees. I don't even 120 00:06:14.759 --> 00:06:17.399 there where the you get landscaping trees this big. I 121 00:06:17.399 --> 00:06:19.639 mean it's all shaded out there now. It is so 122 00:06:19.720 --> 00:06:22.839 much better. There was two different bands playing, and it's 123 00:06:22.879 --> 00:06:25.480 like there was activity and it's great tennis to watch. 124 00:06:25.720 --> 00:06:27.839 But there was just a lot of stuff going on 125 00:06:27.879 --> 00:06:31.160 that was fun. All the restaurants, bars everywhere. I mean, 126 00:06:31.160 --> 00:06:32.720 it was just a heck of a lot of fun 127 00:06:33.000 --> 00:06:37.600 and people were clearly having fun yesterday at the Sensei 128 00:06:37.720 --> 00:06:40.000 Open in Warren County. 129 00:06:39.800 --> 00:06:41.519 And just for fun. And next year is going to 130 00:06:41.560 --> 00:06:44.000 be two weeks instead of one week. Once we'll stretch 131 00:06:44.040 --> 00:06:46.680 on a seventeen days an economic engine, which brings me 132 00:06:46.720 --> 00:06:49.680 to my next question, your friend and mine. Jason Williams 133 00:06:49.680 --> 00:06:53.279 of the Inquiry and Here wrote a column about why 134 00:06:53.399 --> 00:06:56.000 it would be almost impossible for the Bengals to move 135 00:06:56.040 --> 00:06:59.399 anywhere but on the riverfront, following the lead of Jimmy Haslin, 136 00:06:59.720 --> 00:07:02.639 who's the owner of the Brown's worth about nine billion dollars. 137 00:07:02.680 --> 00:07:04.639 Because he's going to put up half the money, which 138 00:07:04.680 --> 00:07:07.279 is about one and a half billion. They're going to 139 00:07:07.399 --> 00:07:09.680 give him two hundred and fifty acres. He's going to 140 00:07:09.759 --> 00:07:12.279 develop it all. He's going to be the landlord for 141 00:07:12.399 --> 00:07:15.480 hundreds of apartment's, going to be the landlord for strip centers, 142 00:07:15.480 --> 00:07:18.720 going to have condo projects and swimming pools and dancing 143 00:07:18.720 --> 00:07:21.279 girls and dancing bears. And that's going to be twenty 144 00:07:21.279 --> 00:07:23.439 five miles south of Cleveland, which is a good idea. 145 00:07:23.519 --> 00:07:26.120 The closer you get to Cleveland, the more your nostrils 146 00:07:26.199 --> 00:07:28.439 begin to flare and you smell stuff. You get out 147 00:07:28.439 --> 00:07:31.199 of Cleveland things a little bit better. And so he 148 00:07:31.319 --> 00:07:33.160 made the point in the inquir that the odds of 149 00:07:33.160 --> 00:07:37.319 the Bengals leaving Cincinnati downtown Cincinnati out to Warren County 150 00:07:37.360 --> 00:07:40.720 or Claremont County or Boone County, despite the heavy investment 151 00:07:40.759 --> 00:07:43.000 of Tony Bender and Boone County around the airport, is 152 00:07:43.040 --> 00:07:46.000 almost non existent. Now your names come up because you're 153 00:07:46.040 --> 00:07:49.879 the grand economic emperors area of Warren County that kept 154 00:07:49.920 --> 00:07:53.040 the tennis tournament. You expand that King's Island all Hell's 155 00:07:53.079 --> 00:07:57.040 break and lose great place to live from your general overlook, 156 00:07:57.120 --> 00:07:59.600 what are the odds of the Bengals using Warren County 157 00:07:59.600 --> 00:08:02.360 as reached to stay in Cincinnati and get a better 158 00:08:02.399 --> 00:08:05.519 deal from Alisha Reese also known as Elisha Bridges because 159 00:08:05.519 --> 00:08:07.920 she loves the nightlife. What are the odds. 160 00:08:09.480 --> 00:08:12.920 Remote at best? Because here's the situation, and I like 161 00:08:13.040 --> 00:08:17.959 Jason Williams, a lot super talented writer. I will say, 162 00:08:18.040 --> 00:08:21.040 and I have to. As part of the victory tour 163 00:08:21.160 --> 00:08:25.000 of keeping the tennis tournament, there was one particular Inquire 164 00:08:25.160 --> 00:08:29.680 story written by said reporter that said, basically, I was 165 00:08:29.759 --> 00:08:32.320 crazy and it was about to turn into the pickleball 166 00:08:32.600 --> 00:08:35.399 mecca of the Midwest. Correct, and they were losing the 167 00:08:35.440 --> 00:08:37.559 tennis tournament. And god, I didn't know what I was 168 00:08:37.600 --> 00:08:41.559 talking about. And I have to a little bit say 169 00:08:41.919 --> 00:08:44.039 that maybe other people that know what they were talking 170 00:08:44.080 --> 00:08:46.519 about when I said it was going to stay and 171 00:08:46.559 --> 00:08:49.440 we had a really good shot, maybe I was right. 172 00:08:49.480 --> 00:08:53.440 But anyway, I digress. So I'm not living in the past. 173 00:08:53.559 --> 00:08:56.399 I'm not happy today, William. I'm moving forward. Tennis is 174 00:08:56.440 --> 00:08:59.080 being played around the corner. It's awesome when you talk 175 00:08:59.120 --> 00:09:02.120 about the Bengals, which I'm a huge fan of the 176 00:09:02.159 --> 00:09:05.639 Cincinnati Bengals and the Cincinnati Reds obviously, and those are 177 00:09:05.720 --> 00:09:08.799 national sports assets, even though our tennis tournament is international, 178 00:09:08.960 --> 00:09:12.919 but those are national sports assets that are so critically 179 00:09:13.039 --> 00:09:17.840 important for the region. My prayer is that the Brown 180 00:09:17.919 --> 00:09:21.759 family in Hamilton County, which I believe owns the stadium, 181 00:09:22.440 --> 00:09:26.720 work out a deal and that that stadium is upgraded. Now, 182 00:09:26.759 --> 00:09:30.000 if you ask in general, has there been a trend 183 00:09:30.600 --> 00:09:35.799 in the NFL by very rich owners saying I want 184 00:09:35.799 --> 00:09:39.080 to control more of the pie, and as a matter 185 00:09:39.120 --> 00:09:42.039 of fact, I want to make the pie outside over here, 186 00:09:42.080 --> 00:09:45.360 and I basically own the whole pie, and I'm going 187 00:09:45.399 --> 00:09:47.639 to leave the taxpayers out of it. There has been 188 00:09:47.679 --> 00:09:49.919 a trend of doing that, and there's actually a really 189 00:09:49.960 --> 00:09:53.799 strong economic case for that happening, simply because when you 190 00:09:53.840 --> 00:09:56.879 think about it, I mean Jerry Jones, super rich guy. 191 00:09:57.000 --> 00:10:00.960 I've been to at and T Stadium, every thing around there. 192 00:10:01.000 --> 00:10:03.679 There was really nothing there, and then all of a sudden, 193 00:10:03.679 --> 00:10:08.200 they started building up an entertainment complex with hotels, bars, 194 00:10:08.279 --> 00:10:12.519 restaurants all around the stadium, knowing that's a destination location. 195 00:10:12.799 --> 00:10:15.759 It doesn't have to be downtown. And so he built 196 00:10:15.840 --> 00:10:18.840 all of those things around there on his dime, knowing 197 00:10:19.399 --> 00:10:22.679 he was going to make that investment back by utilizing 198 00:10:22.720 --> 00:10:25.679 his one big asset. So there is a model to 199 00:10:25.799 --> 00:10:29.399 do that. However, the pieces are not in place, in 200 00:10:29.399 --> 00:10:32.559 my humble opinion, for that to happen in Cincinnati, simply 201 00:10:32.600 --> 00:10:37.200 because you know, I hate talking about other people's financial situations, 202 00:10:37.480 --> 00:10:44.399 but I don't know that from reports that would the 203 00:10:44.399 --> 00:10:47.879 Bengals ownership group have the desire to go and spend 204 00:10:49.000 --> 00:10:53.240 presumably billions of dollars on creating their own entertainment and complex. 205 00:10:53.360 --> 00:10:56.879 Maybe they do, and good for them. Again, I don't 206 00:10:56.879 --> 00:11:00.600 know other people's financial certaincy sences other than what reported 207 00:11:00.639 --> 00:11:04.200 in the public domain. But you know, we do know 208 00:11:04.559 --> 00:11:08.559 that owners of other teams are worth multiple billions of 209 00:11:08.600 --> 00:11:11.519 dollars and them spending a billion or two billion here 210 00:11:11.600 --> 00:11:14.600 or there on something that they project getting their money 211 00:11:14.600 --> 00:11:19.519 back in a very short return on their investment. That happens, 212 00:11:19.559 --> 00:11:22.480 and it happens more and more, which is good for 213 00:11:22.559 --> 00:11:27.399 the taxpayers because the taxpayers do get a benefit from 214 00:11:27.440 --> 00:11:31.120 these sports stadiums. If it's a good deal, Willy, it's 215 00:11:31.159 --> 00:11:33.879 got to be a good deal put together by business 216 00:11:33.879 --> 00:11:38.039 people where both sides went, the taxpayers and the people 217 00:11:38.279 --> 00:11:40.600 that have risked their own free market capital and gone 218 00:11:40.600 --> 00:11:45.080 and invested millions and sometimes billions of dollars in these 219 00:11:45.080 --> 00:11:48.039 sports teams. It's got to be a mutually beneficial deal. 220 00:11:48.360 --> 00:11:50.600 Well, Jason Williams makes the point that it was like 221 00:11:50.639 --> 00:11:53.159 pulling teeth to get fifteen million dollars out of the 222 00:11:53.159 --> 00:11:56.759 City of Mason and Warren County put in a few 223 00:11:56.799 --> 00:12:00.360 million more than that, but scaling it by scale, that 224 00:12:00.519 --> 00:12:03.159 is a pittance compared to what is required to build 225 00:12:03.159 --> 00:12:06.240 an NFL stadium. And everything goes around that. And Mike 226 00:12:06.279 --> 00:12:09.159 Brown is about ninety years old. He still drives his 227 00:12:09.279 --> 00:12:11.600 Chevy Lumina. He's got that goof of the little hat 228 00:12:11.639 --> 00:12:13.759 that he wears. The odds him saying at the age 229 00:12:13.799 --> 00:12:15.879 of ninety, you know what, boys and girls, it's time 230 00:12:15.879 --> 00:12:18.519 for us to strike out to buy two hundred acres 231 00:12:18.519 --> 00:12:20.600 of land in the middle of nowhere and to build 232 00:12:20.600 --> 00:12:24.559 an entertainment complex and strip malls and apartment buildings over 233 00:12:24.600 --> 00:12:26.919 the next five to ten years. I don't think that 234 00:12:26.919 --> 00:12:29.320 fits Mike Brown's model. I'm not sure. I'm not sure 235 00:12:29.360 --> 00:12:30.000 it fits. 236 00:12:29.759 --> 00:12:34.039 Him right again, I could be wrong, But that is 237 00:12:34.240 --> 00:12:37.399 a model. Is that the model for the ownership group 238 00:12:37.720 --> 00:12:40.399 of the Bengals. I've got my doubts, all right. 239 00:12:40.440 --> 00:12:43.120 So if it stays in Cincinnati, that's a positive. I 240 00:12:43.159 --> 00:12:45.519 think to move an NFL franchise takes it almost an 241 00:12:45.559 --> 00:12:47.960 act of God. There's all kinds of requirements that you 242 00:12:48.039 --> 00:12:50.480 can't do it, and so it's only a matter of 243 00:12:50.519 --> 00:12:53.279 one hundred million here and one hundred million there. And 244 00:12:53.320 --> 00:12:57.919 Warren County is not scaled to produce a billion dollars 245 00:12:57.919 --> 00:13:01.399 of benefits to any organization coming in, including the Bengals. 246 00:13:01.639 --> 00:13:03.679 Is that fair to say that Warren County won't step 247 00:13:03.720 --> 00:13:04.919 up for a billion dollars? 248 00:13:06.279 --> 00:13:09.879 Listen, Willie, we take our financial position very, very seriously. 249 00:13:09.919 --> 00:13:12.639 We are stewards of the tax payer dollars. And I 250 00:13:12.679 --> 00:13:15.320 think a lot of politicians sometimes get cross when they 251 00:13:15.360 --> 00:13:19.360 start thinking about almost buying votes that it's you know, 252 00:13:19.360 --> 00:13:21.519 it's a candy store. Hey you want this. Oh wait, 253 00:13:21.559 --> 00:13:23.759 here's a break over here. Oh, here's a break there. 254 00:13:24.240 --> 00:13:27.879 It has to be a mutually beneficial relationship. And what 255 00:13:27.919 --> 00:13:30.240 we did with the tennis tournament was think there's a 256 00:13:30.480 --> 00:13:34.679 seventy five million dollars a year current economic impact to 257 00:13:34.759 --> 00:13:37.519 the region, and next year it's going to be close 258 00:13:37.559 --> 00:13:40.720 to one hundred and fifty million dollars, two hundred thousand 259 00:13:40.759 --> 00:13:44.799 people coming this year, four hundred thousand people attending next year, 260 00:13:44.960 --> 00:13:47.440 and as you said, close to seventy percent of those 261 00:13:47.759 --> 00:13:51.600 don't live here. And if you're Hamilton County, Claremont County, 262 00:13:51.600 --> 00:13:58.399 Butler County, Warren County, those people that live away from here, 263 00:13:58.440 --> 00:14:00.000 and I've talked to a lot of them from Chicago 264 00:14:00.320 --> 00:14:03.399 or New York or wherever. When they come here. Number One, 265 00:14:03.799 --> 00:14:06.960 they have money. They have discretionary money to come and 266 00:14:07.000 --> 00:14:09.559 watch this sporting event for a week at a time 267 00:14:09.639 --> 00:14:12.159 or two weeks at a time. They come, they stay 268 00:14:12.200 --> 00:14:15.080 at our hotels, they eat at our restaurants, they shop 269 00:14:15.080 --> 00:14:18.759 in our stores. They generate economic activity, and they pay 270 00:14:18.799 --> 00:14:24.440 a sales tax, and they pay workers. The companies that 271 00:14:24.480 --> 00:14:27.279 pay the workers pay an income tax if they live 272 00:14:27.279 --> 00:14:31.720 in a city. So that's what's generating this return to 273 00:14:31.799 --> 00:14:34.519 the taxpayers. And the study has been done that it 274 00:14:34.559 --> 00:14:37.399 looks like in the breakdown, just to refresh your memory, 275 00:14:37.639 --> 00:14:40.039 on one hundred and thirty million dollars that was invested 276 00:14:40.039 --> 00:14:43.759 in this tournament, fifty million from the state, fifty million 277 00:14:43.840 --> 00:14:47.240 essentially minus five million that was really in a sales 278 00:14:47.240 --> 00:14:51.200 tax incentive, So forty five million from Warren County and 279 00:14:51.279 --> 00:14:54.360 thirty five million from the City of Mason. That is 280 00:14:54.440 --> 00:14:58.080 the deal. Warren County. We're projecting to get that entire 281 00:14:58.159 --> 00:15:02.120 return of forty five million dollars like ten years based 282 00:15:02.159 --> 00:15:04.919 on the sales tax revenue that's coming in from this tournament. 283 00:15:05.200 --> 00:15:09.080 This was a good deal for the taxpayers. Now you 284 00:15:09.159 --> 00:15:13.120 flip it to a much larger scale. You know, forty 285 00:15:13.200 --> 00:15:14.840 fifty million dollars is a heck of a lot of 286 00:15:14.840 --> 00:15:16.960 money in Warren County. We've never done anything like that, 287 00:15:17.200 --> 00:15:20.039 but we've never had a global sports asset that was 288 00:15:20.080 --> 00:15:22.840 about to leave before. So we decided to step up 289 00:15:22.840 --> 00:15:24.639 to the plate and come up with a plan, and 290 00:15:24.840 --> 00:15:28.120 it was accepted by the billionaire who did risk his 291 00:15:28.399 --> 00:15:32.799 hundreds and hundreds of millions of dollars to invest his 292 00:15:32.919 --> 00:15:36.799 free market capital here and wanted to partner with us 293 00:15:36.879 --> 00:15:40.080 and stay here. So there was an economic incentive for 294 00:15:40.200 --> 00:15:43.320 him to partner with us. But in terms of billions 295 00:15:43.360 --> 00:15:48.720 of dollars from the taxpayers of Warren County, no, absolutely not. 296 00:15:49.559 --> 00:15:52.000 Let's leave it at that. I'm picking Cocoa Golf to 297 00:15:52.039 --> 00:15:53.759 win it all. She won it last year, then won 298 00:15:53.840 --> 00:15:57.039 the US Open, and Alcatraz I think should win the 299 00:15:57.039 --> 00:16:00.639 Men's and away we go. But once again, Dave Young, 300 00:16:00.679 --> 00:16:02.799 thanks for coming on the Bill Cunningham Show. You're a 301 00:16:02.799 --> 00:16:05.519 great American. We'll do it again and thank you very much. 302 00:16:05.759 --> 00:16:07.759 And Dave Young, you're a great American. Thank you. 303 00:16:08.960 --> 00:16:10.080 God Bless you, Willie and. 304 00:16:10.039 --> 00:16:12.440 God bless America. Coming up next to news and more 305 00:16:12.639 --> 00:16:15.759 at your home of the Reds News Radio seven hundred WLW. 306 00:16:17.159 --> 00:16:20.159 At the music, Sean McMahon back from raw last night 307 00:16:20.240 --> 00:16:23.720 to handle production duties here from Elder High School. Sean McMahon. 308 00:16:24.159 --> 00:16:26.000 Of course, you just heard it from David Young, the 309 00:16:26.039 --> 00:16:30.799 emperors ario of the tennis tournament Cincinnati opened, got it done. 310 00:16:31.080 --> 00:16:33.679 Many said it was impossible, could not occur, but it did, 311 00:16:34.039 --> 00:16:36.399 and thank God and thank God that he's out there. 312 00:16:36.440 --> 00:16:41.080 But you glean from him the idea that the comments 313 00:16:41.159 --> 00:16:44.879 by some and sports radio about the Bengals moving in 314 00:16:44.919 --> 00:16:48.679 the suburbs is not going to work. Plus in the background, 315 00:16:48.960 --> 00:16:53.000 I've read the previous columns about the financial situation of 316 00:16:53.039 --> 00:16:56.279 the stadium. It is the most generous lease ever awarded 317 00:16:56.320 --> 00:16:59.399 to an NFL franchise according to the so called experts. 318 00:17:00.039 --> 00:17:02.919 Once again, the Bengals had the taxpayers in Hamblin the 319 00:17:03.000 --> 00:17:05.519 county and the city over a barrel. Because number one, 320 00:17:05.680 --> 00:17:08.319 there might be an idea of moving the franchise like 321 00:17:08.839 --> 00:17:11.400 the Cleveland Browns are doing about twenty five miles south 322 00:17:11.440 --> 00:17:14.319 and own everything. That's not the standard that Mike Brown 323 00:17:14.400 --> 00:17:17.640 has used the guy's worth about three billion dollars. But 324 00:17:17.720 --> 00:17:20.440 there was a problem. According to the in caircurding the 325 00:17:20.480 --> 00:17:24.880 stories that many many years ago, when the grandfather of 326 00:17:24.920 --> 00:17:29.200 football died, Paul Brown, the legendary Paul Brown, the franchise 327 00:17:29.279 --> 00:17:32.680 went to Mike Brown, and then it went to John 328 00:17:32.799 --> 00:17:35.759 Sawyer and one of the heirs of Procter and Gamble. 329 00:17:35.839 --> 00:17:38.720 Then it went back to Mike Brown and the irs. 330 00:17:38.839 --> 00:17:42.359 I thought something was a scance. Was that transfer to 331 00:17:42.559 --> 00:17:46.960 defeat estate taxes? And Mike Brown took the irs to 332 00:17:47.039 --> 00:17:51.240 court and Mike Brown won in court saying no, it 333 00:17:51.000 --> 00:17:53.599 was it was an arms length transaction with John Sawyer, 334 00:17:53.640 --> 00:17:56.359 A P and g Air and it wasn't. It was 335 00:17:56.440 --> 00:17:59.319 for fair market value, and that of course angered the irs. 336 00:17:59.799 --> 00:18:03.480 But Mike Brown took down the irs. You know, father 337 00:18:03.559 --> 00:18:07.359 time is undefeated, untied, unscored on and so Mike Brown 338 00:18:07.400 --> 00:18:10.079 is about ninety years old now, and there'll be another 339 00:18:10.119 --> 00:18:13.079 transfer in his estate. I would assume that Katie and 340 00:18:13.119 --> 00:18:16.160 the other members of the family, Paul H. Brown, et cetera. 341 00:18:16.559 --> 00:18:19.640 Then the irs will where it's ugly head again and 342 00:18:19.680 --> 00:18:22.359 saying okay, we won forty percent of the sale. So 343 00:18:22.480 --> 00:18:25.599 down the road. That's a factor out in the distance, 344 00:18:26.160 --> 00:18:30.119 but in reality, Warren County is not scaled, nor any 345 00:18:30.119 --> 00:18:32.640 other county would be scaled in the tri State to 346 00:18:32.680 --> 00:18:35.400 step up to a billion and a half dollars of 347 00:18:35.480 --> 00:18:38.519 support directly and indirectly to move the Bengals to the suburbs, 348 00:18:39.119 --> 00:18:41.279 that means the Bengals need to stay downtown to the 349 00:18:41.319 --> 00:18:43.400 odds and moving to some other city. In this world, 350 00:18:43.599 --> 00:18:46.160 it's very slight. There's all kind of rules and regulations 351 00:18:46.480 --> 00:18:49.799 that would keep the Brown family from moving, the Blackburn 352 00:18:49.880 --> 00:18:53.039 family moving the Bengals somewhere else. They obviously could sell 353 00:18:53.079 --> 00:18:56.440 to Toronto or Mexico City and probably make five billion 354 00:18:56.480 --> 00:18:59.000 dollars a billion here and a billionaire suddenly got a 355 00:18:59.000 --> 00:19:01.200 lot of money to talk about. And so over the 356 00:19:01.200 --> 00:19:05.039 next year or two, father time, undefeated, untied, unscored on, 357 00:19:05.079 --> 00:19:07.680 there'll be something happening with the Bengals, and I pray 358 00:19:07.759 --> 00:19:09.880 to God they stay right here in Cincinnati, because it 359 00:19:09.920 --> 00:19:11.839 looks as if for the next five to ten years, 360 00:19:12.160 --> 00:19:14.759 as Brian Combs knows, there's going to be one hell 361 00:19:14.759 --> 00:19:17.240 of a Bengals run, and maybe there'll be a Super 362 00:19:17.279 --> 00:19:21.200 Bowl brought because of Joe Burrow. So we'll see what 363 00:19:21.240 --> 00:19:23.599 happens down the road, but here for a minimum of 364 00:19:23.640 --> 00:19:26.440 the next six years, they're exercise their option next year 365 00:19:26.759 --> 00:19:29.359 or soon to five more years. That's six years. That 366 00:19:29.440 --> 00:19:32.480 gets this to around twenty thirty, and by then some 367 00:19:32.519 --> 00:19:35.200 of these things might become clear. What happens. I think 368 00:19:35.240 --> 00:19:38.720 in retrospect has been a tremendous positive to have the 369 00:19:38.759 --> 00:19:42.599 Bengals in Cincinnati compared to what We're a major league town, 370 00:19:42.640 --> 00:19:46.680 but we're so small and we punch well above our weight, 371 00:19:46.920 --> 00:19:49.079 much like in the Olympics when men beat up women. 372 00:19:49.440 --> 00:19:51.880 That's a different story I may talk about. But to 373 00:19:52.000 --> 00:19:54.839 have the things happening in our town, such as this 374 00:19:54.880 --> 00:19:57.599 week the Cincinnati Open and then next week is going 375 00:19:57.640 --> 00:20:00.359 to be two weeks. Seventy percent who come here come 376 00:20:00.359 --> 00:20:02.839 from out of the Try States, so they spend money 377 00:20:02.880 --> 00:20:05.799 like drunken sailors on shore leave that support jobs and 378 00:20:05.920 --> 00:20:09.079 economic base, et cetera. And the Moneys will be given back. 379 00:20:09.119 --> 00:20:11.440 But no county in the Try State other than Hamilton 380 00:20:11.480 --> 00:20:14.440 County has the power and the prestige and the money 381 00:20:14.920 --> 00:20:18.160 to do things to keep the Bengals here. And the 382 00:20:18.160 --> 00:20:20.559 fact that Bengals put in one hundred and fifty million 383 00:20:20.599 --> 00:20:23.200 dollars of their own money to upgrade parts of the 384 00:20:23.240 --> 00:20:26.200 stadium when they didn't have to. It is an indication 385 00:20:26.359 --> 00:20:30.880 that Katie Blackburn Brown and Troy and Paul H. Brown, 386 00:20:30.880 --> 00:20:36.079 et cetera, the family is connected to keeping the keeping 387 00:20:36.119 --> 00:20:38.559 the Bengals in Cincinnati. And then there may be some 388 00:20:38.880 --> 00:20:41.839 adjustments of one type or another to pay off any 389 00:20:41.880 --> 00:20:44.720 possible estate tax. But that's down the road, not for 390 00:20:44.799 --> 00:20:46.880 you and I to concern ourselves with. It's just the 391 00:20:46.960 --> 00:20:50.400 reality of the way sports franchises are and the values 392 00:20:50.400 --> 00:20:53.640 are skyrocketing one direction, and that's up. So to have 393 00:20:53.680 --> 00:20:56.200 the Bengals here, to have the Reds here, to have 394 00:20:56.359 --> 00:21:00.599 UC football basketball, to have Xavier basketball, Dayton, to have 395 00:21:00.880 --> 00:21:04.119 Wright State, to have Miami all around us. You know, 396 00:21:04.160 --> 00:21:07.400 when I give a little talk, which I do infrequently 397 00:21:07.519 --> 00:21:10.240 these days, but I still do it. If you want 398 00:21:10.240 --> 00:21:15.400 the best college football program in history, according to Sports Illustrated, 399 00:21:15.640 --> 00:21:18.400 it's the Ohio State Buckeyes. And if you want the 400 00:21:18.400 --> 00:21:22.279 best college basketball program in history, that would be the 401 00:21:22.359 --> 00:21:25.960