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As long as sports stadiums also fall into that umbrella. They're just a variant of the same concept. I say this as someone who loves watching sports, so no bias

As long as sports stadiums also fall into that umbrella. They're just a variant of the same concept. I say this as someone who loves watching sports, so no bias from that end.

celticninja 8y ago
I dont really get this, are stadiums not paid for by the teams that play there? For example in the UK football teams own/build/run their own stadiums. Are NFL teams subsidised by the state or something?
- anoncoward111 8y ago
  Taxpayers pay for the stadiums. The team threatens to leave the city if they don't. Additionally, the NFL is a "non-profit" organization somehow!! EDIT: Errrr it used to be tax exempt until Cory Booker made them cut the bull
  - smileysteve 8y ago
    For the record; some of those taxpayers are from tourism taxes (hotel); so in a way, the fans of the sport are paying for the stadium still.
  - fjsolwmv 8y ago
    NFL is a non-profit organization because it doesn't make any money for its owners. Profits are distributed to the member teams that are for-profit and taxed. There is nothing weird about that.
- cultus 8y ago
  In the US, stadiums are often funded by the taxpayers of the city/county. City governments (although often not the populace) are frequently obsessed with having pro sports teams. It's common to plow hundreds of millions of dollars to build a stadium to either get a new team or convince an existing team to not relocate. Supporters typically claim that the economic benefit of a sports team offsets this cost, but the benefit is in fact completely negligible or even negative.
  - deleted 8y ago
    [deleted]
  - secfirstmd 8y ago
    Sounds a lot like the Olympics and occasionally the World Cup.
  - xapata 8y ago
    Cities in the US are a bit smarter now. Atlanta refused to pay for the Braves' new stadium. There was a big rush of stadium-building in the 90s as mayors tried to outdo each other.
  - siruncledrew 8y ago
    If I was a legislator in a major metropolitan area and a team threatened to leave, I would call bullshit on it. There’s a finite amount of major metro areas in the US (and an even a smaller subset if you remove all the ones that currently have sports teams), so there’s a limit to what’s economically viable if the potential attendance/sales revenue is coming from a dedicated local fanbase. For example, if the NY Jets ever threatened to become the Santa Fe Jets if taxpayers didn’t front a new stadium bill, I would go ahead and let them.
    - influx 8y ago
      Ask Seattle how they like having their NBA team...
    - dionidium 8y ago
      That's not a great strategy, assuming you actually want to keep the team, because relocations aren't exactly rare. https://en.wikipedia.org/wiki/Relocation_of_professional_sports_teams#List_of_relocations https://en.wikipedia.org/wiki/Relocation_of_professional_spo...
- pjspycha 8y ago
  The costs of an NFL stadium are usually split between the city (tax payers), the NFL, and the owner. For instance AT&T arena for the dallas Cowboys was supposed to cost $650 million and the city Arlington provided $325, NFL provided $150 loan, and Jerry Jones (the Cowboys) paid the rest. It is speculated that the total cost was $1.3 billion which was mostly footed by Jerry Jones. The Los Angeles Stadium (Ram) is now estimated to cost $4.9 billion when finished in 2020 and also house LA Chargers. The stadium is supposedly completely privately funded but significant tax breaks are expected. I suppose more concrete details will emerge when its finished. The Las Vegas stadium (Raiders) is supposed to cost $1.9 billion with $750 million in tax payer money and $1.1 billion from Raiders themselves. It is also supposed to finish in 2020 and officially be owned by the Las Vegas Stadium Authority and shared with UNLV. So each stadium has its own deals.
- emiliobumachar 8y ago
  This video goes in detail about the Stadiums racket, and provide examples and numbers. https://youtu.be/xcwJt4bcnXs https://youtu.be/xcwJt4bcnXs
- hnburnsy 8y ago
  There is a great blog that covers these stadium deals... http://www.fieldofschemes.com http://www.fieldofschemes.com
- Graham24 8y ago
  {cough cough} West Ham {cough cough}

As long as sports stadiums also fall into that umbrella. They're just a variant of the same concept. I say this as someone who loves watching sports, so no bias from that end.

celticninja 8y ago

I dont really get this, are stadiums not paid for by the teams that play there? For example in the UK football teams own/build/run their own stadiums. Are NFL teams subsidised by the state or something?

anoncoward111 8y ago
Taxpayers pay for the stadiums. The team threatens to leave the city if they don't. Additionally, the NFL is a "non-profit" organization somehow!! EDIT: Errrr it used to be tax exempt until Cory Booker made them cut the bull
- smileysteve 8y ago
  For the record; some of those taxpayers are from tourism taxes (hotel); so in a way, the fans of the sport are paying for the stadium still.
- fjsolwmv 8y ago
  NFL is a non-profit organization because it doesn't make any money for its owners. Profits are distributed to the member teams that are for-profit and taxed. There is nothing weird about that.
cultus 8y ago
In the US, stadiums are often funded by the taxpayers of the city/county. City governments (although often not the populace) are frequently obsessed with having pro sports teams. It's common to plow hundreds of millions of dollars to build a stadium to either get a new team or convince an existing team to not relocate. Supporters typically claim that the economic benefit of a sports team offsets this cost, but the benefit is in fact completely negligible or even negative.
- deleted 8y ago
  [deleted]
- secfirstmd 8y ago
  Sounds a lot like the Olympics and occasionally the World Cup.
- xapata 8y ago
  Cities in the US are a bit smarter now. Atlanta refused to pay for the Braves' new stadium. There was a big rush of stadium-building in the 90s as mayors tried to outdo each other.
- siruncledrew 8y ago
  If I was a legislator in a major metropolitan area and a team threatened to leave, I would call bullshit on it. There’s a finite amount of major metro areas in the US (and an even a smaller subset if you remove all the ones that currently have sports teams), so there’s a limit to what’s economically viable if the potential attendance/sales revenue is coming from a dedicated local fanbase. For example, if the NY Jets ever threatened to become the Santa Fe Jets if taxpayers didn’t front a new stadium bill, I would go ahead and let them.
  - influx 8y ago
    Ask Seattle how they like having their NBA team...
  - dionidium 8y ago
    That's not a great strategy, assuming you actually want to keep the team, because relocations aren't exactly rare. https://en.wikipedia.org/wiki/Relocation_of_professional_sports_teams#List_of_relocations https://en.wikipedia.org/wiki/Relocation_of_professional_spo...
pjspycha 8y ago
The costs of an NFL stadium are usually split between the city (tax payers), the NFL, and the owner. For instance AT&T arena for the dallas Cowboys was supposed to cost $650 million and the city Arlington provided $325, NFL provided $150 loan, and Jerry Jones (the Cowboys) paid the rest. It is speculated that the total cost was $1.3 billion which was mostly footed by Jerry Jones. The Los Angeles Stadium (Ram) is now estimated to cost $4.9 billion when finished in 2020 and also house LA Chargers. The stadium is supposedly completely privately funded but significant tax breaks are expected. I suppose more concrete details will emerge when its finished. The Las Vegas stadium (Raiders) is supposed to cost $1.9 billion with $750 million in tax payer money and $1.1 billion from Raiders themselves. It is also supposed to finish in 2020 and officially be owned by the Las Vegas Stadium Authority and shared with UNLV. So each stadium has its own deals.
emiliobumachar 8y ago
This video goes in detail about the Stadiums racket, and provide examples and numbers. https://youtu.be/xcwJt4bcnXs https://youtu.be/xcwJt4bcnXs
hnburnsy 8y ago
There is a great blog that covers these stadium deals... http://www.fieldofschemes.com http://www.fieldofschemes.com
Graham24 8y ago
{cough cough} West Ham {cough cough}