3 ms·
> The bottom line here is very simple: The cost of building and maintaining these facilities should be borne by the people who attend these events via their tic
by pgreenwood 8y ago
> The bottom line here is very simple: The cost of building and maintaining these facilities should be borne by the people who attend these events via their ticket purchases, and not the people of an entire state and/or metropolitan region, the vast majority of whom will never set foot inside these enormously costly structures.
The article is arguing from a perspective that amenities such as stadiums should be user-pays. There's an alternative viewpoint though; it could be a principle beneficiary-pays. Who benefits? Well for example the land values in the surrounding area are likely to rise, benefiting land owners through no effort of their own. If a portion of this windfall gain could be captured via say a land value tax, then that tax could partially fund the stadium in a fair way. But I agree with the author that subsidies through income tax seems unfair.
- homero 8y agoLand value rises? I would think noise and traffic decreases it.
- offsetr 8y agoUnless you're talking about commercial property, which has more value than residential property. Where commercial property has more value due to more foot traffic, the closest residential property gets value too.
- rexpop 8y agoVery few Americans own land, and very few would benefit from such a land value rise.
- onetimemanytime 8y agoHe who owns a home, owns land (unless some other arrangement is made??)
- sgt101 8y agoIt's very different. If you own a home next to the stadium you will likely loose out because every match day is a hell day for you (gridlock, noise, pollution) and the construction traffic will also be horrible. The money you will get for your house will likely be less than the money you will get before the stadium comes. On the other hand if you own a few "lots" or a strip of land near the stadium then you will make much money - a simple play is to turn the tumbleweed into parking, and sure as eggs are eggs you'll get $20 + per car sized space per match, which is a lot more than little or nothing! More investment and you could put cheap 5+1 development there, the retail can be focused on food and fan shops, the apartment will appeal to incomers.
- ui-explorer12 8y agoWhat you're describing is how property taxes already work. If the land value rises (however unlikely that is) most property taxes are based on assessed value which would increase your tax bill.