from Mike Ozanian of Forbes,

The Columbus Blue Jackets may be economically nonviable in Columbus, Ohio.

The NHL team, which entered the league in 2000, lost a fortune during its first several years in Columbus. To keep the Blue Jackets from leaving town, the Franklin County Convention Facilities Authority bought Nationwide Arena and gave the team free rent. The city-county authority financed the $52 million deal through loans from Nationwide and the State of Ohio.

The arena costs were supposed to covered with money from a casino. But the the casino has crapped out, and WOSO Public Media reported yesterday that no payments have been made to pay off either loan. Zero.

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