Posted on 05/11/2025 8:28:12 AM PDT by MinorityRepublican
It might not be a good idea, seeing as how the DC area is about to experience some population stabilization.
Four thousand million sounds like more money.
Let the team owners build the stadiums.
The team owners have a plan.
Bribe the politicians.
Let the public pay for the stadium.
Easy Peasy!
The team is proposing to pay much of the cost. But the tax payers would be on the hook for about a billion dollars towards this project.
I thought I heard the District of Columbia has major budget problems, completely separate from potential spending on this new stadium.
If the owner wants to pay for all the luxury boxes, he can pay for it himself.
It used to be that a stadium did not have luxury boxes. Take a look at the Rose Bowl. It used not to be that expensive to build one. Fewer amenities.
There have been many stadiums built in many cities in recent years. Many if not all involved public funding.
It would be interesting to do studies of the stadiums that have been built , to see if they have paid it off for the cities involved. We know when stadiums are proposed, they do these projections which show how much economic benefit cities will get from a new stadium. I was wondering if they have actually seen these good economic results.
Great idea. Where is the money going to come from? Maybe they should defer the whole thing until the dems win another presidential election, so the cash spigot gets turned on again.
This is a great web site that addresses the issues you raised—stadium by stadium, city by city, sport by sport:
https://www.fieldofschemes.com/
Bottom line:
In the vast majority of cases the owners clean the clock of the cities and the public—and the promised benefits rarely materialize.
Politicians and others who push the stadiums are almost always paid whores of the owners.
$100,000,000 a year for 40 years with no Art Monk, or John Riggins, or Smurfs, or Hogs.
I don’t know if this stadium plans to sell personal seat licenses.
But I remember hearing how personal seat licenses were supposed to give enough money to build a stadium. Proponents said how by selling personal seat licenses, the people who actually bought season tickets to the games would be the ones who contributed money to build the stadium.
And this theoretically would bypass public funding, because the people who actually went to the games would be paying to build a stadium.
But it seems like there are still public subsidies expected, even if theoretically these seat licenses would contribute enough money to build a stadium.
Thanks, I will check this out.
I know there’s a certain prestige and civic pride to having an NFL franchise located in a city. Maybe officials in some cities are so concerned about that prestige, they don’t care about the cost. ,
You are much too optimistic about human nature.
This is about cold cash.
Put the money in the machine and the robot says whatever you want.
Whatever...
Sports means nothing.
Watch the life style of 7 of the council members make a sudden change for the better after the vote passes.
Only if they revert the name back to “Redskins”.
Do not use tax dollars for this project.
No the this waste of tax doaalrs.
“I seen my opportunity and I took it”
George Washington Plunkitt of Tammany Hall
And make the mascot a red potato.
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