Skip to comments.It's a slam dunk: End federal subsidies for sports stadiums
Posted on 07/23/2017 9:56:38 AM PDT by ptsal
[snip]Subsidizing ballparks for billionaire owners and millionaire players, however, shouldn't be part of the equation. According to the Brookings Institution, the stadium loophole has cost federal taxpayers $3.2 billion for 36 professional sports facilities since 2000.
Maybe bringing together two senators from vastly different states and from widely different ideologies U.S. Sen. James Lankford, an Oklahoma Republican, and U.S. Sen. Cory Booker, a New Jersey Democrat will help inspire a fractious Congress to work together on a bipartisan bill to cut federal subsidies for sports stadiums.
The bill would end the federal tax giveaway for municipal bonds used to fund sports stadiums.
(Excerpt) Read more at washingtonexaminer.com ...
There are enough real problems to spend money on.
And that’s not welfare or subsidized housing or food stamps or any other give away program for the poor, either
But, if you dont subsidize, then how will the average family of 4 be able to afford to attend a game? Oh wait
Here in Minneapolis in recent years.....
Twins got a new stadium.
Vikings got a new stadium.
Minnesota Gophers football team got a new stadium.
St.Paul Saints got a new stadium.
A new stadium for the soccer team is being built.
The Twins, Gophers and Vikings used to all play in the Metrodome which was paid for.
But now that we spent several billion dollars they each have their own new playhouse for the dozen games they play each year. Of course the Twins needed their own special new playhouse to accommodate the 800 fans they still have
All the savings on stadiums will be used up on foodstamps for players and outright welfare for their posses.
I didn't realize the feds were subsidizing this steal-for-the-rich nonsense. That needs to end yesterday.
I haven’t been to a game that some corporation did not pay for since 1985 or so..
Massive, unlimited government debt in totally fiat Federal Reserve dollars buys a lot of crony-capitalist support
Having the federal government lean even further into the role of protector is not a solution, it is a problem. If someone wants to make all profits from muni-bonds taxable, that's a choice. But picking winners and losers is beyond bad governance.
Politicians just go ga-ga when a special box seat is available.....
Too late. Cat’s outta’ the bag. Most have been built already. But then they’re outdated after 20 years. Why a law? Can’t they just vote no as it comes up?
That gets me too.
Years ago, most cities had one stadium which was shared by both the major league baseball and NFL teams. And in some cities, major college football teams played there too.
Then, somewhere along the way, it was decided that each team needed their own stadium. I don’t know who decided that this has to be that way, but in recent years, separate stadiums have been built for baseball and football almost everywhere.
I think Oakland is the only remaining stadium used for both major league baseball and NFL football. The Raiders are planning to move out anyway, so then there will soon be none.
I think that, if a city is in the stadium business, IF they choose to be involved, then it makes the most sense to have one stadium and have all your outdoor sports teams play there. That way, the stadium is used regularly from early April to early January, when occupied by baseball and football teams. How does it make sense, dollars and sense, to have a football stadium used once a week for only a few months out of the year??
On the other hand, if teams finance their own stadiums, none of us can say anything if public money isn’t involved.
“Years ago, most cities had one stadium which was shared by both the major league baseball and NFL teams. And in some cities, major college football teams played there too.”
You are going waaaay back,I guess.
Separate stadiums and,or baseball fields are needed IMHO.
Nice to see Republicans and Dems working together on this fleecing of the American people. However, it will never pass. The rich team owners can pay off enough politicians to vote this down.
Separate stadiums and,or baseball fields are needed IMHO.
I don’t disagree, based on the shape of the playing fields, and ideal sightlines from the seats for different sports. But then the issue is who pays for the separate stadiums. If the teams pay for their own, nobody can say anything, if public money isn’t used. If they expect a public subsidy, then we taxpayers should have a lot to say.
I certainly agree with you on payment-——I do not want ONE CENT of my money going to these facilities,they cause enough chaos with the HUGE traffic backlogs that require police help even in adjoining towns.
Politicians are terrified of being identified as the guy who refused to help if a major sports team leaves town. And they are eager to win praise for bringing a new team to town by sweetening the deal.
“But now that we spent several billion dollars they each have their own new playhouse for the dozen games they play each year. Of course the Twins needed their own special new playhouse to accommodate the 800 fans they still have”
Because nothing contributes more to the furtherment of human knowledge than a bunch of grown men running and jumping and kicking and throwing. That is one thing interesting I have noticed. A growing percentage of GenX are fed up with and do not care much about pro sports, and I have not seen any great indication that the moronials or GenZ care at all. I do not know anybody between 30 and 60 who spends entire sunday afternoons watching sports, though they will watch the occasional big game if they have money bet on it. I know nobody under 30 who watches sports at all. Wonder what will happen when the boomers aren’t around anymore
Was Joe Robbie Stadium the last privately financed stadium? http://www.nytimes.com/1987/08/16/sports/joe-robbie-s-success-story.html
Actually, most cities started out with separate venues for football and baseball, such as in Chicago, which has two baseball and one football stadium. Then, sometime in the late. 50s or early 60s, certain cities started to build multi-use stadia, such as Three Rivers Stadium and its equally ugly sister in Cincinnati.
As these stadia aged, owners threatened to move if they didn’t get single-use venues, and cities & states capitulated to the owners’ demands, even when the citizens vote no, as what happened in Pennsylvania.
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