Instead of asking taxpayers to give him $25 million to spend on HSBC Arena, why doesn’t Hamister understand the real problem facing concert promoters at HSBC? It’s simple, the deal at HSBC sucks for promoters. The rental rates are higher than almost anywhere else; the union costs are among the highest in the nation, almost what they are in New York City; and there are NO opportunities for promoters to make a dime from merchandising or concessions. Jeremy Jacobs takes all the revenue from food and beverages.'