Mmastodon SportSports first seen 8 h ago, last 28 min ago, peak #1

Backlash grows over taxpayer funding of billionaire-owned stadiums

Original: Billionaire-owned sports teams are fraud. Stupid billionaires can build their own stadiums *without tax breaks*. Cities

Criticism is mounting that billionaire-owned sports teams are unfairly subsidised by cities, with taxpayers footing part of the bill for new stadiums despite economists repeatedly finding the deals rarely pay off. Commenters argue owners could easily finance arenas themselves without tax breaks, and question why cities keep agreeing to terms that almost never make economic sense.

Why now: Debates over public stadium funding resurface whenever cities consider or announce new subsidies for billionaire-owned teams.

Sports team ownersUS citiesThe Conversation

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• Billionaire-owned sports teams are fraud. Stupid billionaires can build their own stadiums *without tax breaks*. Cities keep shelling out taxpayer money for sports stadiums, yet the economics almost never makes sense https:// theconversation.com/cities-kee… · dancingtreefrog · 3

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