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Stadiums in the US are often technically owned by the government. This is a dodge to get them out of paying property taxes on a billion dollar (or now multi-bil
by Mountain_Skies 5y ago
Stadiums in the US are often technically owned by the government. This is a dodge to get them out of paying property taxes on a billion dollar (or now multi-billion dollar) facility. The government then rents the stadium back to the team for a token fee. It also transfers certain liabilities to the government, making operations less expensive for the sports team.