Exactly. I don’t need a government subsidy to buy stock in Amazon. I figure it’s a good investment, so I dig into my own pocket, I put down my own money, I invest in Amazon, and down the road, I expect to reap a reward.
Football COULD be like that, except the investment in a new stadium is seen (by Football owners) as a very risky investment. Pay for that?? They’ll lose their shirt!!! So, instead, the extort local politicians and say, “Hey, invest in us — think of the huge profits you will surely reap!! Or else we will leave and someone else will reap enormous profits!”
It’s amazing anyone falls for this.
True, but PPPs are how most stadiums and arenas get built. The Chargers move is more disturbing than the Faiders.