Tax dollars build sports stadiums far more often than they should, which is going to make this entire column possible.
Stadium finance is so awash in public money that it is difficult to imagine how stadiums and arenas are built without tax dollars. Occasionally, a city and its taxpayers get a freebie: Anschutz Entertainment Group and MGM Grand covered the cost of T-Mobile Arena in Las Vegas. The New York Jets and Giants built their Met Life Stadium without tax dollars. Los Angeles Rams owner Stan Kroenke so desperately wanted to drag his team out of St. Louis that he’s footing the bill for a stadium for both the Rams and the Chargers. The Golden State Warriors, meanwhile, are privately funding a new arena in San Francisco’s Mission Bay.
Forbes
by Jason Notte
Aug 17, 2018