Trump has no clue what he is talking about here. The land in question was owned by the City of Arlington.
Trump has no clue what he is talking about here. The land in question was owned by the City of Arlington.
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The issue is “what the taking for a public purpose?”
These sports stadium deals are great deal for team owners who would rather lease the stadium for a local Stadium Development Corp than own them in their corporate name.
They set these up these stadium deals as long term leases which is a form of real estate ownership, but much more tax savvy to a for profit professional team owner.
Hence the familiar term, “public private partnership.”