I’m a little wary of Snohomish County Executive Aaron Reardon, but he certainly made the right call by rejecting a deal that would have leveraged only $50 million in private money to secure $300 million in public financing to build a NASCAR track near Marysville. [Snohomish County out of the race for a NASCAR track]
Believe it or not, Tim Eyman and I do agree on some things, not the least of which being public financing of stadiums. Both of us opposed Seattle’s stadium binge, and both of us were rather pissed when the Legislature put up the money for Safeco Field despite a rejection at the polls.
I remember once hearing an interview with Ed Snyder, at the time the owner of the Philadelphia Flyers, being asked about why he was building a new arena with private money (albeit on public land.) He said that if a stadium or arena doesn’t make business sense, it doesn’t make business sense, regardless of who’s paying for it.
I’m sure there are a lot of disappointed local NASCAR fans, but Reardon should be congratulated for his business-like decision.