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To: jazusamo
Michael Leeds, a Temple University economist who has argued against the use of taxpayer funds to build sports stadiums, said the targeted tax provision goes beyond anything he has ever seen.

I have to agree.

Why should the tax payer build a facility that has little use beyond making millionaires and billionaires richer.

Most of the contracts cities and states make today for these stadiums funnels all of the money generated within the stadium (including parking) to the team organization. That is all money whether generated during games or other non-game activities (concerts) to the team.

This to me is totally ridiculous. The team puts out no money for building the stadium and yet reaps all of the profits.

The fact that politicians agree to this is totally unacceptable. These people should be put out of office at the earliest opportunity. This is either corruption or incompetence.

Now this latest outrage. Preventing the state from making any effort to recoup some money from the state built facility. Totally beyond the pale.

And to top it all off. The NFL may not even exist in a few years. Wouldn’t that be the Bomb.

15 posted on 01/14/2018 6:05:46 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.L)
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To: Pontiac

The team puts out no money for building the stadium and yet reaps all of the profits.

They think they’ll make a ton of money off entertainment dollars for 30 years. Hotels, food, etc. Our county built a huge soccer field/area for the same reason. It’s for kids and they have huge tournaments there. When they do every hotel room in town is full.


52 posted on 01/15/2018 7:58:00 AM PST by sheana
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