stadiums vs. public funds

Across the country cities and states are offering billions in financial to build stadiums for professional sports teams while putting to the side their other needs, advocates charged Wednesday.The Minnesota Twins got public funding approved for a new stadium just the year before the I-35W bridge collapsed. after that happend you would think that it would be the cities priorities. "Professional football, baseball, basketball and hockey estimate that the total public subsidy for stadiums opened from 1990-2006 is around $12 billion", Harvard University professor Judith Grant Long said. but whe she added property taxes and all other public subsidies it rings up to $18.5 billion. yet there has been no seen any type of public gain from the billions invested. the public has spent a total of $27 billion on stadiums between 1950-2006.
the government should consider not using the tax-exempt dollars of the people. $10 billion of tax exempt bonds has been put up to fund stadiums for the 82 new stadiums opened from 1990- 2006. local governments will always try not to say no to team owners and fans, and as long as the government will allow them millionaire team owners will continue to ask for public funds. you can't blame them. As long as governments give away the publics money, it wouldnt make any sense for the owners not to take the money.

west coast problems

There are many examples of professional sports teams who, are trying to develop new stadiums for their teams, have turned to the public for funding, for taxpayers dollars. The they think that stadiums provide increased revenues and additional business to the surrounding areas, which they think can influence an entire community's economy.but if u look at the rguements it doesnt make sense. The fans who voted for public funding are the same people who are being asked to pay the increase in tickets, and the owners keep the money from the increase. Though funded publicly, the owners are under not forced to put a winning team on the field or on the court, to spend a minimum amount on salaries, and they font have to keep that team in the city either, and on top of that they can move the team if they think they found a better deal. the San Francisco Giants repeatedly set up voting opportunities to gain public funds, and continuallybut it didnt suceed. Instead, the owner turned to private funding, and with some help from sponsors and naming rights, AT&T Park was developed.Now, we see other teams such as th sacramento Kings basketball team asking the state to rasie city taxes in order to build a replacement for their facility Arco Arena, only 27% of those thought the team needed a new court as it is. according to the Sacramento Bee, talks with city and county governments slowed down, and it will bea long time before they can make a pro position to voters again. I think the billionaires need to take a risk and and actually take the time and money to invest into communities they want to build their stadiums in.

not all stadiums are the same

The Florida Marlins Baseball team has proposed a new stadium for the 2011 Baseball season and would even change the team name to Miami Marlins. but this team similar to the new york teams I discussed earlier Will use tax payers dollars to build their stadiums, but it wont all be paid by the city completely, the Florida Marlins team is willing to pay a monthly rent of 2.3 million dollars and another 120 million upfront. the deal does make the city pay 94 million to buy the parking space to make the stadium. but it was not easy for there was many controversy whether to amend to contract to build the stadium. they had to have an agreement but the police force didn't want to take the extra work saying it was too difficult to patrol a new stadium. the Florida Marlins have been looking for a baseball only stadium for the past ten years. but now that idea is now in jeopardy. for the discussions have been on going for the past few years. but it almost seems close to a done deal. the marlins hope it Will happen because the complaints by the Marlins to get a baseball only stadium is At an all time high.

public funding for citifield

the New York Mets baseball team is building a new stadium called citifield for the 2009 baseball season. but believe that it doesn't get made without the public dollar. the new york Mets stadium will cost 850 million dollars and will be constructed next to Shea stadium in empty parking space. most of it the Mets are paying for it but 443 million is coming from the city. buy yet again the city ends up with the short stick. but here is an upside to the stadium. it will create new jobs in the community and commerce within the borough. as many people that support the stadium there will be more that will oppose it. to say that it will disturb the peace or it is juss taking more of the public space. they will complain that the peoples tax dollars shouldn't be spent on a stadiums when there is some much to be done with the city which show a lack of prioritizing the city's money when it could be spent on some many different things rather than a near billion dollar project. the city government doesn't even make most of the money it invest on the project back and the team will juss use the stadium and not take care of it. then when the stadium is old and tired the will just do the same thing. seeing as how the team owners have this sort of vice grip on the city mayors were they have these gun-to-head antics of threatening to move the team if they don't comply with the money the team needs to build the stadium. its a vicious circle that no one can stop. as long as the government allows them to do it they will continue their methods.

public revenue for yankee stadium

the New York Yankees (Professional baseball team) are buliding a new stadium for the 2009 baseball stadium in the bronx. some of the funds for the stadiums comes form private investors the rest comes from the die hard fans, and the tax payers who dont even care about the yankees. their ideas of getting money for the stadiums is all screwed up, they give the people who can afford parking for the new stadium free parking for the next 40 years. but the die hard fan has to pay upto 17 dollars a game juss to park their cars and it could go up to 35 dollars through 2014. the ultimate version of give to the rich and take from the poor reincarnated into your favorite sports. but then again when you are tax exempt on a billion dollar project using city bonds u can almost do whatever u want. as reported by sports illustrated's john Rolfe, the city will miss 80 million dollars worth of revenue just for giving out the free parking space and guess where the lost money comes from look no futher than overpriced cold hot dogs and flat beers.

where the money comes from

every year you always hear about a new stadium being made and all these new features and how its gonna benefit the people in some way or another. but where do these team owners get the money for stadiums whose payroll and marketing prices are through the roof. for the average Joe, taxpayer who probably doesn't even got to these sporting events more than twice a year. people who don't even watch spots have to suffer from their pockets to support some thing where they don't even know what is going on. never has so much public money gone for such little benefit for billionaires who don't need it. all these owners do is threaten the city with the thought of leaving the city and there they go right into the public money, taking every public dime to build their sky boxes and restaurants. for example the city of Seattle ponied up hundreds of millions of dollars for a stadium for Paul Allen (one of the five richest people in the world). public funding is totally unnecessary. teams can pay for their own stadiums and studies show that owners take better care of the stadiums when the money comes from their own pockets.besides there are now more than ever hundreds of revenue streams for sports teams.