Wamre is going to write something later about the news today that the city is going to own the convention center hotel. (Quick question — do we all get discounts as stockholders?)

Until then, consider this: The hotel is expected to cost at least $500 million. Forbes says the Rangers are worth $412 million. Which means we should have bought the Rangers instead. As a taxpayer, I’d much rather own a baseball team, and it would be a lot more fun to rip the city for mismanaging the team than it is to criticize Tom Hicks (who, frankly, is an easy target).

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And no one can argue that the economic benefits wouldn’t be just as good — if not better — than the convention center hotel? We buy the team, move it to Dallas, and leave Arlington high and dry.

Think I can get Mitch Rasansky to introduce this motion in the council?