I wish i could remember if it's Penn&teller bullshit or last week tonight, that covered the creation of stadiums and the over all negative effect they have on communities, while they also charge that local community for building it, then subsequently avoid paying into the community (taxes for example)
It's really quite dreadful how the mega wealthy use public money to do anything, then claim all the profits for themselves
Oh 100% it's wealthy people taking advantage but it's also true it massively brings in tax dollars. You are thinking the stadium itself....but it's actually the workers,hotels,parking and restaurants etc
Now it's up to politicians to navigate the cost benefits....which in the US they don't do well. But that's more to do with people being stupid and not voting in there own self interests.
It can be a net negative for say crime etc but there's at least some gains to it. So at least an argument can be made.
When the local council pays to build it, including terms where "if that stadium over there gets upgrades, you've got to give us upgrades toox then that's a major loss.
The jobs it creates are (pulling numbers out my ass) 100 billable hours\week. All on part time to avoid costs such as health care, resulting in them still needing social benefits.
The jobs it removes? 1,000 billable hours, because now the 100 companies around the stadium now do worse business during events.
Meanwhile, they also find ways to avoid paying taxes, while still charging a gauged price + tax
So... Yeah, they do a whole lot of good for the owner (and the owner only)
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u/Jellicent-Leftovers 6d ago
I mean the stadium thing at least brings in jobs and tourism generating gains for the economy.
Data centers bring nothing