Uh... the taxes raised to pay off the bond money could have just been raised to pay for academics. Or, the $60 million could have been spent on facilities for public use, like parks, soccer fields, bike paths, (you know, to combat the Texas obesity epidemic) instead of a stadium that would host less than 10 games a year and have a recurring cost for ~$250,000 for operations.
There is no stupider use for civic funds than sports stadiums.
1. No. Not how it works in Texas.
2. It was an ISD not a city that raised taxes. So no, again, thats not how it works.
3. Between Varsity, JV and Freshmen, there are ~18 home games. The stadium was also going to host other events(and other sports) as well.
4. I think you are underestimating the expenses and revenue as well. A single varsity home game at capacity had gate revenue over $100k.
Compare that to their $30million performing arts center(posted above), and well, the football stadium was the more sound economic decision(had it not had problems).
With $490million in bond debt, Allen is actually better off than a lot of comparable districts. Their stadium, performing arts center, and new district service center were funded by a $.07 increase to property taxes. Their tax base supports it. Good for them.
You want to see taj mahal facilities. Look at Prosper ISD(not that far from Allen) and its $114million high school for a town with the population of ~12,000 and a HS enrollment of ~1200. They say they are planning for future growth. The HS is at half capacity and they plan on building 4-5 more highschools in the future(to keep up with growth). Are all future high schools going to be like Prosper HS? And yes Prosper HS is the most expensive HS ever to be built in Texas, and its not a massive school like FloMo HS, Plano West, Plano Sr, Allen, or any of the other 4000+ enrollment schools. Did I mention Prosper ISD has more debt than Allen ISD? Colin County, home to massive bond debt. Frisco, Prosper, and McKinney are all doing worse in terms of Bond Debt than Allen ISD. But Allen ISD gets all of the flack because of the football stadium(that would have generated revenues unlike Prosper's taj mahal HS). The thing is though, all of the afformentioned cities/towns have the financial means and public support to support that debt. So again, good for them
And for the record, Katy ISD(near Houston) voted down a $70million 14,000 seat stadium last November. It was voted down even though it wouldn't have raised taxes.