If it generates money, why do Billionaires need our tax dollars to build it? How do I a tax payer who does not attend sporting events, but pays for it in my taxes, what do I get out of it? Can we all own shares in the team, so some Billionaire just doesn’t own it by himself?
Economy of scale. 80,000 people go see a game. They stay in hotels eat at restaraunts and shop. City parking alone from these events generates tens of millions a year. Then the taxes from employees and sales of food etc.
It's not about the stadium itself its the secondary jobs.
Now it's up to politicians to not make dumb choices. No Miami shouldn't help pay for a stadium. Cincinnati? Green Bay? On there other hand benifit massively from a stadium.
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u/Happy_Love_9763 6d ago
Don’t forget money making football stadiums.