The Coastal Packet: Another town left holding bag for sports team

Saturday, May 7

Another town left holding bag for sports team

Deadspin

Let’s say this again for the umpteenth time: Don’t use taxpayer money on sports arenas. Cumberland County residents are still paying off $34 million in bonds that covered renovations to the Cross Insurance Arena, which was part of the agreement to get the Pirates to sign a five-year lease. That lease was signed in 2014.

Now, two seasons later, the arena is without an anchor tenant, and per the agreement, the county was and remains on the hook for the building’s annual operating losses. It lost $600,000 last year, even with a hockey team.

 


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