Publicly Funded Football Stadiums Don't Help Cities
- Thread starter AlainLocke
- Start date
great thread @CharlieManson
i always questioned that especially after Arthur Blank extored us georgia residents to pay for that new "estate stadium" in atl
its a fukking finesse game on taxpayers
i always questioned that especially after Arthur Blank extored us georgia residents to pay for that new "estate stadium" in atl
its a fukking finesse game on taxpayers
Like I said in the sports fans thread yesterday, the city/state is paying 200 to 400 million (on average) for a stadium, yet takes little ownership or take little or any of the profits from stadium events. Where the hell else do you see this shyt going on? 
its the biggest racket going on in the sports entertainment industry....
Owners be on some extortion shyt...
the Steinbrenners did that with the city of New York..threatned to move the yankees to new jersey....
if they didn't get that new stadium
and what's worst is taxpayers the bulk of them hourly workers blindly support this shyt......
yet most of them can't EVEN AFFORD A REGULAR SEASON ticket these days with premium limited tickets being distributed and suite and box pricing
Owners be on some extortion shyt...
the Steinbrenners did that with the city of New York..threatned to move the yankees to new jersey....
if they didn't get that new stadium
and what's worst is taxpayers the bulk of them hourly workers blindly support this shyt......
yet most of them can't EVEN AFFORD A REGULAR SEASON ticket these days with premium limited tickets being distributed and suite and box pricing
Only benefit that matter to me is the after game stadium cleanup...
After them Seahawks game that's like a easy 8 hour gig...sometimes they got longer
They got day labor spots that do those..I don't know if it's like that in every city.
After them Seahawks game that's like a easy 8 hour gig...sometimes they got longer
They got day labor spots that do those..I don't know if it's like that in every city.
That's why I want my tax cuts, if my money isn't going to good use, give it back to me. 
AVXL
Laughing at you n*ggaz like “ha ha ha”
What are you talking about?
Blank didn't extort anyone, MBS was funded through $850 million in loans, the sale of PSLs (personal seat licenses), $200 million from the downtown hotel/motel tax (which is paid for by mostly by tourists) and Blank's own money.
Where do you get your information from?
What are you talking about?
Blank didn't extort anyone, MBS was funded through $850 million in loans, the sale of PSLs (personal seat licenses), $200 million from the downtown hotel/motel tax (which is paid for by mostly by tourists) and Blank's own money.
Where do you get your information from?
where was you at ..when this was all in the georgia media??!?!breh this was common knowledge that Blank was sticking the bulk of the bill to taxpayers....the atlanta constitution...and the savannah morning news ran op ed stories on the situation criticizing this HUSTLE
Why are Georgia taxpayers paying $700m for a new NFL stadium?
The funding saga for Mercedes-Benz Stadium points up the elusive nature of US public sports subsidies in the modern age. A couple of decades back, a team owner could just go before a city council or state legislature and ask for a check. That’s how the Georgia Dome, the Falcons’ previous home scheduled to meet the wrecking ball in November at age 25, was built: a $214m gift from the state treasury. These days, though, elected officials are slightly warier of handing over a simple wad of bills – and sports owners have grown more clever at obscuring their demands.
The Falcons story begins in early 2013, when team owner Arthur Blank was seeking $300m in state hotel tax money toward a new stadium to keep up with the Dallas Cowboys’ recently opened $1.15bn home (itself aided by $325m in city sales taxes). Running into public criticism, he announced a compromise: He’d settle for a mere $200m, covering the rest out of his own pocket.
But there was a catch. Thanks to a clause buried deep in the stadium agreement, Blank would get to convert this initial subsidy into a gift that kept on giving: Any hotel-tax money collected after the first $200m would be put into a “waterfall fund” that the team could use for future “maintenance, operation and improvement” of the new stadium. Since those would normally be team costs, this meant Blank would get to stick taxpayers with the bills for future upgrades to his new playpen.
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breh this was common knowledge that Blank was sticking the bulk of the bill to taxpayers....the atlanta constitution...and the savannah morning news ran op ed stories on the situation criticizing this HUSTLE
Why are Georgia taxpayers paying $700m for a new NFL stadium?
Another quote from that same article:
Good thread
chickenteriyaki
Pro
Pretty much what was happening here with Chris Hansen trying to get the taxpayers to fund HIS arena in order to get us a basketball team. I am all for the Sonic's coming back but it shouldn't be at the expense of the taxpayers when we don't benefit from having a team here other than for entertainment value. I'm glad the city turned down his proposals. It's the scam of the century how these billionaires are like "hey taxpayers, give me $400 million and in return you get to watch basketball live!"
The city may benefit from the taxes that a new team will generate but it will just go back to paying off the debt from getting the team here.
The city may benefit from the taxes that a new team will generate but it will just go back to paying off the debt from getting the team here.
Another quote from that same article:
YUP
Arthur Blank finessed the fukk out of ATL and georgia as a whole.....
got the City Council to go beyond just tax incentitives and just basically let him get the spot for FREE......
"no property taxes" and is taking money from the hotel tax to use as his fund for maintenence for the property ...
blank eating good
that's why i couldn't understand why @AVXL would defend that "devil"
Yapdatfool
Superstar
Most stadiums operate tax free and I mean 100% tax free, property, business, you name it. Only thing that pays taxes are the workers and players.
That’s a hotel tax that any visitor in Atlanta pays for lodging. It’s not funds out of taxpayers true pockets.
breh this was common knowledge that Blank was sticking the bulk of the bill to taxpayers....the atlanta constitution...and the savannah morning news ran op ed stories on the situation criticizing this HUSTLE
Why are Georgia taxpayers paying $700m for a new NFL stadium?
The funding saga for Mercedes-Benz Stadium points up the elusive nature of US public sports subsidies in the modern age. A couple of decades back, a team owner could just go before a city council or state legislature and ask for a check. That’s how the Georgia Dome, the Falcons’ previous home scheduled to meet the wrecking ball in November at age 25, was built: a $214m gift from the state treasury. These days, though, elected officials are slightly warier of handing over a simple wad of bills – and sports owners have grown more clever at obscuring their demands.
The Falcons story begins in early 2013, when team owner Arthur Blank was seeking $300m in state hotel tax money toward a new stadium to keep up with the Dallas Cowboys’ recently opened $1.15bn home (itself aided by $325m in city sales taxes). Running into public criticism, he announced a compromise: He’d settle for a mere $200m, covering the rest out of his own pocket.
But there was a catch. Thanks to a clause buried deep in the stadium agreement, Blank would get to convert this initial subsidy into a gift that kept on giving: Any hotel-tax money collected after the first $200m would be put into a “waterfall fund” that the team could use for future “maintenance, operation and improvement” of the new stadium. Since those would normally be team costs, this meant Blank would get to stick taxpayers with the bills for future upgrades to his new playpen.
Ultimately it’s a cycle where the facility drives tourism that pays into that tax. That’s basically why that tax exists.
I know what your are getting at but MBS is a different set-up than most other stadiums.
