63°F
weather icon Clear

LETTER: Formula 1 and the local economy

David Englehardt’s excellent review of the F1 profitability on questions if the race actually made any net profit after all claims against it are settled (Friday letter to the editor). One claim in particular — the affected business losses due to customer/business access — is unquestionable.

The property taxes alone entitle the owner to upkeep and accessibility of the roads in and around the business. If the property cannot be used for its intended purposes, and is controlled by the government, then the result will be the same as in the Badlands golf course issue, where the court ruled in favor of the business because the city did not allow the property to be used for its legal intended purpose. The city now must reimburse the business for its actual losses.

Don't miss the big stories. Like us on Facebook.
THE LATEST
LETTER: Supermarket merger will hurt the poor

Higher prices will result. Poor families will still pay a higher price for food because Alber-Krog will still control the distribution of food.

LETTER: RFK and 1968

Let’s get a few things straight.

LETTER: Nighty night, kids

Solving the school start time issue.

LETTER: Addressing copper thefts

How about solar street lights? All the mechanics of this type of lighting is at the top of the pole, away from thieves.