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Speaker 2: Always on fifty five KRC, the talk station TATO six
Speaker 2: I fifty five kr CD Talk station. Hey, Happy Thursday
Speaker 2: to you. Freddie E.
Speaker 3: Resident expert on all things local, county and City Adam
Speaker 3: Keaylor returns. He's in the studio to talk about really
Speaker 3: fun stuff the Bengals in the county and the stadium negotiation,
Speaker 3: as well as the reality about the city and the
Speaker 3: county and city wasting our money. Adam Keaylor, Welcome back
Speaker 3: to the studio. Man, it's always great saying thanks. Anyhow,
Speaker 3: let's start with the stadium because this also it deals
Speaker 3: with state issues as well. As you and I were
Speaker 3: talking about before the segment started, that the ridiculous, insulting,
Speaker 3: crazy proposal of funding the the the multi trillion dollar
Speaker 3: Cleveland Brown Complex. These well connected team owners with their
Speaker 3: millions and if not billions of dollars, the idea that
Speaker 3: taxpayers are supplementing and supporting what funds they're millions and
Speaker 3: billions of dollars, and and for for like bread and
Speaker 3: circus kind of stuff. Here, Oh, the stadium six hundred
Speaker 3: million dollars in bonds, which are ultimately going to cost
Speaker 3: the taxpayers of the state of Ohio what a billion
Speaker 3: dollars when you thought factor.
Speaker 4: In tracker every year every year, it's like, you know,
Speaker 4: tens of millions of dollars it's going to cost us. Yeah,
Speaker 4: it's not free money. It's no, it's no, that's yeah.
Speaker 4: And that's my point. And there's a finite amount of
Speaker 4: money in the world. And I always like to point
Speaker 4: out everybody's got a list of stuff and things they
Speaker 4: want from government. I have a limited list, like, let's
Speaker 4: take care of what we've built already, so we don't
Speaker 4: go further into a whole and you have to ask
Speaker 4: for more money from me, Like, let's take care of
Speaker 4: roads and infrastructure and provide us with a safe community,
Speaker 4: and then we'll take care of the rest. We don't
Speaker 4: need much of stuff and things. Roan I got, you know,
Speaker 4: maybe twenty thousand dollars with a landscape and I'd like
Speaker 4: to get done at my house.
Speaker 1: Yeah.
Speaker 3: Really, you know what, I'll tell you what, why don't
Speaker 3: we have everybody listening on is pay tax to take
Speaker 3: care of your landscaping?
Speaker 2: Yeah?
Speaker 3: But anyway back to the stadium, so they commit and
Speaker 3: the Bengals work out this phase one of what it's
Speaker 3: supposed to be four phases. Now the Bengals, you know,
Speaker 3: because they know that they got a pr problem and
Speaker 3: a good will problem because they have this we're going
Speaker 3: to take our team and run away if you don't
Speaker 3: give us what we demand mentality, which is fueled by
Speaker 3: the terrible stadium deal that we got into originally, Ye,
Speaker 3: the worst in the Nation's theatrically worse.
Speaker 4: I mean, it's documented that it's the worst. There's experts
Speaker 4: that have come out and said it was the worst.
Speaker 4: So do you think any of the.
Speaker 3: Voters that are still around, the voted for that had
Speaker 3: any understanding of how lopsided this thing is that we
Speaker 3: are going to perpetually be obligated to keep up with
Speaker 3: the Joneses in terms of stadiums in this country.
Speaker 4: Well, the sales tax never ended, I know, remember that
Speaker 4: was supposed to get sunseted and that never ended. And
Speaker 4: that's what we're funding this with. That's what the county
Speaker 4: portion of the money is supposed to be coming from.
Speaker 4: Is that sales tax that they just continued to save
Speaker 4: up that they never you know, they they never stopped
Speaker 4: charging us for so that's where the money is coming from.
Speaker 4: In the Bengals money is actually alone from the NFL.
Speaker 4: Part of it alone from the NFL. That G six
Speaker 4: or G seven money or whatever it is. Yeah, some
Speaker 4: of that's.
Speaker 2: Total involved here.
Speaker 3: It's like one hundred and eighty five million dollars they're
Speaker 3: gonna pony up for this phase. Yeah, yeah, they're gonna
Speaker 3: puy up one twenty, which the Bengals getting credit for.
Speaker 3: But ultimately it's a loan or is it a gift
Speaker 3: or a loan?
Speaker 4: It's a kind of a gift, so it's future revenue.
Speaker 4: It's it's like a loan on future revenue that they're
Speaker 4: going to get anyway.
Speaker 3: Okay, but it makes some good look good on paper,
Speaker 3: like see, oh yeah, look, we we don't have any
Speaker 3: obligation or the least to do this, but here we
Speaker 3: are funding part of the upgrades. But the other, the
Speaker 3: other component of this is what they're what we collectively,
Speaker 3: This what the stadium collectively is going to get from
Speaker 3: these upgrades. And I have to ask out loud because
Speaker 3: you know, I sound like a bit of a populace
Speaker 3: and all this, but I keep pointing out a lot
Speaker 3: of this money is going toward like the boxes where
Speaker 3: the rich people play.
Speaker 4: Some of that is yeah, yeah, there's some electric upgrades,
Speaker 4: there's like escalators, they're moving things around, they're shifting the
Speaker 4: way things are, and you know, they're trying to keep
Speaker 4: up with the demands of the NFL, like some of
Speaker 4: these other cities that are you know, building brand new stadiums.
Speaker 4: I mean in Jacksonville, they're doing a billion dollars worth
Speaker 4: of upgrades to their stadium. A team that sucks worse
Speaker 4: than the Bengals have you know, failed us over the years,
Speaker 4: and you know they're doing they're spending that kind of
Speaker 4: money just on upgrades and we're at like eight hundred
Speaker 4: and thirty million something like that. Yeah, to make the
Speaker 4: Bengals happy. But you remember they can renew that lease.
Speaker 4: They have what five different times or is it two
Speaker 4: five year extensions or is it five two year extensions.
Speaker 3: It's one of the two. My recollection is it's the latter.
Speaker 3: But it doesn't matter. They can cause this thing to
Speaker 3: last what another ten years or.
Speaker 4: What they can drag it out before and then they're
Speaker 4: going to ask for a new stadium at that point,
Speaker 4: like you know, this.
Speaker 2: Is going to happen it makes my head just spend. Yeah,
Speaker 2: and after that draft, I don't know, you know, I
Speaker 2: just keep going back to this.
Speaker 3: You literally could have the Bengals play on a high
Speaker 3: school football field.
Speaker 2: Yeah, they get it.
Speaker 3: I mean the game is played on that finite amount
Speaker 3: of space predetermined by the rules how big a football
Speaker 3: field must be. And the idea in a day when
Speaker 3: you considered home with an eighty inch TV screen with
Speaker 3: nine gajillion cameras watching the game like you're sitting on
Speaker 3: the field high resolution, missing nothing by your drinking your
Speaker 3: own inexpensive beer and using your clean bathroom. The idea
Speaker 3: that we keep building and expanding and building expanding these
Speaker 3: elite stadiums where most of the masses can't afford to
Speaker 3: even go, is just it just frankly pisses me off.
Speaker 4: Well, and I think the general public has become more
Speaker 4: cognizant of the fact that we don't have this kind
Speaker 4: of money, like what right? The taxpayer just keeps getting
Speaker 4: beat down more and more and more, and it affects
Speaker 4: the middle class more and more and more. And if anything,
Speaker 4: Trump and what they're doing with Doze and Elon Musk
Speaker 4: and all this other stuff where they're uncovering all this waste.
Speaker 4: I mean, it almost makes you wonder. It kind of
Speaker 4: opens up the door for the conversation of what else
Speaker 4: are they wasting our money on. Why can't we come
Speaker 4: up with with some money for this stuff? Why is
Speaker 4: it so hard to do this? And we're broke? Like
Speaker 4: I mean, even Dwine said it, he said, we don't
Speaker 4: have the money for this kind of stuff. Right, So
Speaker 4: the general public is now like, hey, maybe money doesn't
Speaker 4: grow on trees. And the average voter, you said, you know,
Speaker 4: twenty five years ago, thirty years ago, whenever they did
Speaker 4: this this last lease, I think it was twenty five
Speaker 4: year lease. You know, did the average voter know what
Speaker 4: they were voting for and knowing what they were getting into, know,
Speaker 4: because I mean, if you talk to the average voter,
Speaker 4: they're busy taking care of their kids, they're busy doing their.
Speaker 3: You know, it boiled down to like, I don't want
Speaker 3: to lose the Bengals in Cincinnati. Now, that's what the
Speaker 3: vote was for, right, because if we don't build a
Speaker 3: new stadium, then they may move to another city.
Speaker 2: Yeah exactly.
Speaker 4: And you mentioned people that are in politically this is
Speaker 4: what's going on up there, right, and it's not just
Speaker 4: sports teams, it's it's everybody. It's developers, it's I mean
Speaker 4: you see this with the connected community situation and high parts.
Speaker 4: It's other businesses that, hey, move to Cincinnati, moved to
Speaker 4: Hamil County, We'll give you tax breaks. And that's your
Speaker 4: competing against every city and every municipality. They're all trying
Speaker 4: to attract businesses. They're all trying to bring things that
Speaker 4: are going to excite the citizens to their city, and
Speaker 4: they're always offering some sort of a tax break or
Speaker 4: some sort of a And now you've got FC Cincinnati saying, hey, look,
Speaker 4: we spend all this money on this stadium. We're building
Speaker 4: this billion dollar plus entertainment area in the West End.
Speaker 2: Can we get some of that money back?
Speaker 4: State of Ohio like, hey, we'd love two hundred and
Speaker 4: fifty million dollars or whatever it was, or they spent
Speaker 4: two hundred and fifty million dollars in a stadium. They
Speaker 4: want a little bit of that back. So you're going
Speaker 4: down a slippery slope. And Senator Blessing he mentioned this
Speaker 4: recently where he's like, look, you know you do this
Speaker 4: for the Browns. Next thing, you know you're doing it
Speaker 4: for the Bengals, You're doing it for the Blue Jackets,
Speaker 4: You're doing it for the Reds, right. I mean it's
Speaker 4: beautiful last couple of days and the Reds had five
Speaker 4: thousand people in the stadium, you know, or whatever it was.
Speaker 4: I mean you you know, yes, you could play it
Speaker 4: on that field, right, you got fifty thousand seats in
Speaker 4: that stadium and ten percent of a field, right, So,
Speaker 4: I mean the teams have to put a good product
Speaker 4: on the field, which lately the Bengals have been, even
Speaker 4: though they missed the playoffs and they shouldn't have last year.
Speaker 4: But uh, you know, the fans are saying, hey, look,
Speaker 4: what what are you giving us? Like, yeah, you can leave,
Speaker 4: but at the end of the day, you're you're still
Speaker 4: going to put a good product on the field. And
Speaker 4: how are you giving the Browns six hundred million dollars?
Speaker 4: They haven't put a good team on the field in decades.
Speaker 4: They can't even get a quarterback.
Speaker 2: I know.
Speaker 3: But and that that even is a concept that we're
Speaker 3: talking about the potential of the state taxpayers funding the
Speaker 3: Cleveland Browns project. Yeah, I mean that those words are
Speaker 3: coming out discussing it as a concept is just to me,
Speaker 3: it's mind boggling.
Speaker 2: Yeah. Yeah, and maybe all those.
Speaker 3: Problems and concerns and all the finite amount of money
Speaker 3: that has taken in Columbus and that are elected officials.
Speaker 2: I mean, have it as a written proposal. Yeah, to think.
Speaker 4: It's Haslam family. Know what kind of photos do they
Speaker 4: have of our elected officials? Well, they donate money, so
Speaker 4: they donate money to the right people. So there is that.
Speaker 4: But also, I mean, the Browns packaged up their deal
Speaker 4: and you know, they put it together the right way,
Speaker 4: They got it in in time, and here come Zamon
Speaker 4: County the day a day later, it's too late, after
Speaker 4: the budget was already passed, saying hey what about us,
Speaker 4: here's we want some money too, and it.
Speaker 2: Just looks it look bad. Yeah, it looks bad.
Speaker 4: Yeah, but Brian, they had twenty five years of work
Speaker 4: on this. Yeah, they've had twenty five years of work
Speaker 4: on this. They kept kicking the can down the road.
Speaker 4: They wait last minute the Bengals mentioned it. They said, look,
Speaker 4: we don't know what's going on, Like, what's are they
Speaker 4: talking to us? And you don't know if that was
Speaker 4: them play. I mean, they negotiate with multimillion dollar you know,
Speaker 4: entitled football players all the time, right, so they know
Speaker 4: how to negotiate, and they're dealing with these you know,
Speaker 4: these age and everybody all the time. I mean, it's
Speaker 4: not like the three people sitting in Hamilton County are
Speaker 4: anything like sports agents when it comes to negotiating.
Speaker 2: Right.
Speaker 4: They just had to pay some what was a guy
Speaker 4: two hundred and fifty thousand dollars a year to help
Speaker 4: them negotiate the deal with the Bengals in the first place,
Speaker 4: this guy out of New York.
Speaker 3: That's because our elected officials don't know much about the
Speaker 3: subject matters over which they legislate, you know what I'm saying.
Speaker 4: That's and most of them aren't, you know, business owners.
Speaker 4: They're just they're.
Speaker 3: Politicians, politicians with no background experience in any given subject matter,
Speaker 3: and yet they're pulling the strings and making the calls
Speaker 3: on these matters. It's just absolutely mind boggling. Yeah, we'll
Speaker 3: continue with Adam Kahler one more segment before we get
Speaker 3: to Jay Rattle if at eight sixteen right now fifty
Speaker 3: five kc DE talk station.
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Speaker 5: fifty five krs he talked station.
Speaker 3: A twenty years fifty five KRCD talk station. Should I
Speaker 3: say Happy Thursday? It's like the subject matter we've been
Speaker 3: talking about all day. I mean, from Indian Pakistan breaking
Speaker 3: out in war all the way to this ridiculous stadium
Speaker 3: conversation we're having. Just yeah, I can't find inspiration this morning.
Speaker 3: Adam Taylor and studio breaking it down for us. And
Speaker 3: of course, in the aftermath of the revelation, he reached
Speaker 3: a memorandum of understanding here in Hamilton County with the
Speaker 3: Bengals for phase one of what ultimately will be an
Speaker 3: eight hundred plus million dollars stadium upgrade deal. In the background,
Speaker 3: we've got Columbus approving or at least moving in the
Speaker 3: direction of allowing six hundred million dollars in bonds to
Speaker 3: go to the Cleveland Browns, and one of the things
Speaker 3: and I talked about it. I guess it was last
Speaker 3: week when the details came out about that. Adam Taylor
Speaker 3: and you had mentioned it a couple times off air
Speaker 3: that the legislation itself limits these these the funding of
Speaker 3: sports teams to one counties with one million or more YEP,
Speaker 3: which means Hamilton County is out of it because we
Speaker 3: only have eight hundred or so thousand people in Hamilton County.
Speaker 3: So that would mean Columbus and Franklin County in Cuyahoga County.
Speaker 3: Are those the only two qualifying counties?
Speaker 2: They are the only two.
Speaker 4: Yeah, the House added a rule only counties with a
Speaker 4: million plus residents can get stadium funding.
Speaker 2: And since Hamilton County, which.
Speaker 3: Man Hamilton County obviously was designed to exclude the Bengals,
Speaker 3: and of course.
Speaker 4: Well we always get treated to like the red headed
Speaker 4: step child. I mean, we put more into the state
Speaker 4: every year than we get back from the state.
Speaker 3: Yeah, you had mentioned that figure off air, and my
Speaker 3: Hamilton County friends might be interested in knowing. So how
Speaker 3: much does Hamilton County pay in taxes, So.
Speaker 4: We pay about two and a half billion dollars a
Speaker 4: year in taxes. We get back one point eight five
Speaker 4: billion in state controlled spending. Now we get money from
Speaker 4: the federal government and everything. That's not the same thing though, No,
Speaker 4: But if you're talking about money we put into the
Speaker 4: state versus money we get back, we essentially subsidize. Out
Speaker 4: of the three biggest counties, we're the biggest subsidizer of
Speaker 4: money back into the state right now.
Speaker 2: Contrast that with Franklin.
Speaker 4: Let's say so so well, I mean you look at
Speaker 4: you look at actually Franklin County gets about there. They
Speaker 4: actually make four hundred and sixty million dollars a year,
Speaker 4: so they pay what they pay from what they pay. Yeah,
Speaker 4: and that gain of and then Cleveland somewhere in the middle.
Speaker 4: Cleveland's still they lose more than they actually put in.
Speaker 4: But now you're talking about another six hundred million dollars,
Speaker 4: so we actually are are down more than what we're
Speaker 4: even asking for in this stadium thing. But and my
Speaker 4: thing is is like, look, you know, us funding a
Speaker 4: stadium is a little crazy. I mean, we do own it,
Speaker 4: like the county does own that, like I own a
Speaker 4: commercial building over in Covington, and I have to keep
Speaker 4: that upgraded right for my tenants. So I get it
Speaker 4: when it comes to that. I get why the Bengals
Speaker 4: were asking for it, and I understand their position. But
Speaker 4: at the same time, it's like, if you're going to
Speaker 4: fund a stadium and you're gonna ask taxpayers to pay
Speaker 4: tens of million dollars a year in bonds to pay
Speaker 4: these bonds back once they issue them, and then you
Speaker 4: put in a rule that says, wait a minute, only
Speaker 4: counties with over a million residents. Any team in that county,
Speaker 4: it can get it. But anybody under and we're at
Speaker 4: what eight hundred and thirty thousand residents. Half our cities,
Speaker 4: you know, a third of our city actually is in
Speaker 4: two other states.
Speaker 3: Yeah, that's a valid point geographically obviously, Yah River in
Speaker 3: the state line right there.
Speaker 2: So yeah, this is why I want to seceed Brian.
Speaker 4: Take northern Kentucky, take southeastern create our own state, state
Speaker 4: of Cincinnati. Let's just create our own state, because I mean,
Speaker 4: this kind of stuff comes up and this ends up,
Speaker 4: you know, screwing us a lot of times. But we're
Speaker 4: the biggest metro area in Ohio if you included north
Speaker 4: of Kentucky, right, which we're in in Ohio, but it's
Speaker 4: in our metro area. We're the biggest economically, we have
Speaker 4: the biggest GDP in the state as well. And Columbus,
Speaker 4: you know, they they h annexed a lot of their
Speaker 4: townships and you know, we still got you know, del
Speaker 4: High for example, we got Norwood, Indian Hill and things
Speaker 4: like that. Well, Columbus went in and they you know,
Speaker 4: they added all those together. So technically they're the biggest
Speaker 4: city in Ohio. So when businesses are looking to relocate,
Speaker 4: when they're looking to do stuff, they say, oh, Columbus
Speaker 4: is the biggest city.
Speaker 2: Wrong.
Speaker 4: Cincinnati is the biggest city. It's the most cosmopolitan city,
Speaker 4: it's the most historical city, it's the most geographically interesting city.
Speaker 4: It's you know, it's it's it's the north and the south.
Speaker 3: Well, if you get you get the benefit of you know,
Speaker 3: the the downtown urban environment. But because not all the
Speaker 3: areas are annexed or they're not under the control, which
Speaker 3: is the city of Cincinnati, which is yeah, good thing,
Speaker 3: that's a draw right.
Speaker 4: Well, look at Franklin, I mean it's all you know,
Speaker 4: just like here, one party rule exactly, and it's mostly progressive.
Speaker 4: So what you're gonna get up there and what you're
Speaker 4: gonna get here is what you're going to get up there.
Speaker 4: So del Hi doesn't vote like the rest of the city.
Speaker 4: You know, it's it's it's more conservative. So if it
Speaker 4: did get dragged in, well, then all of a sudden,
Speaker 4: it's gonna you know, have to deal with it. Although
Speaker 4: it would help with voting when it comes to the city,
Speaker 4: our guy, Corey Bowman, it would help him out a
Speaker 4: whole lot. You know, bring Norwood in, that would help
Speaker 4: Cory out a little bit.
Speaker 3: He may have nabbed some of the Hyde Park folks. Oh,
Speaker 3: I think he nabbed a whole lot of Hyde Park folks.
Speaker 3: I'm hoping so, And I hope my hard Park friends
Speaker 3: out there go and vote for Corey Bowman. Just as
Speaker 3: a slap in the face to have to have purvol
Speaker 3: and the insult that they heap down upon you by
Speaker 3: ignoring what you want to do with your own town.
Speaker 3: Corey Bowman or Bowman, Adam Keylor, it's always a pleasure
Speaker 3: having you in the studio. Man, get at me all
Speaker 3: riled up this morning. Yeah, but that's what it's all about.
Speaker 3: Spreading the awareness and hopefully someone will finally make a
Speaker 3: stand and just put their foot down. Take care of
Speaker 3: my friend. We'll talk again real soon, folks. I hope
Speaker 3: you can stick around. We got iHeart Media eighty eation
Speaker 3: expert Jay Ratliffe coming up, moving away from politics, stalk Aviation.
Speaker 3: Stick around fifty five KRC, the talk station at U Line.
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