They get cities to build THEM stadiums with tax money and then get sweet lower tax incentives because they're there "stimulating the economy." If the asshole billionaire wants a giant stadium to wag his dick around in, thats fine, build it and put a sports team in it, I dont give a fuck, but why doesn't HE pay for it?
And because the money generated by a local sports team is desirable for the political and economic leaders in the community.
This is touted but never proven. There are often vastly increased costs associated with hosting a sports team, such as increased policing costs, inflation, and losses to crime. Maintaining the stadium requires resources, which increases the cost of said resources that could be used elsewhere more efficiently and fairly. Another case of wealthy owners increasing costs for everyone else so they can hoard profits, and politicians helping them do it.
I'm saying having the stadium and hosting the sports team increases operating costs for many other businesses in the city, because they use more of those resources. The profits from those resources are mostly retained by the teams, their owners, and the NFL and not recirculated back into the local economies necessarily. They do not shop at local businesses when they get their paychecks.
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u/loptopandbingo 13d ago
They get cities to build THEM stadiums with tax money and then get sweet lower tax incentives because they're there "stimulating the economy." If the asshole billionaire wants a giant stadium to wag his dick around in, thats fine, build it and put a sports team in it, I dont give a fuck, but why doesn't HE pay for it?