Yes, but i also get it. If you want to build a stadium very near the city, thats going to cost more than if you build out in the middle of no where. The city, and surrounding businesses want the stadium close to them becuase it drives business at the local shops/hotels/restaurants, which then also drives increased tax revenue.
The way the city incentivizes the owners to build near them is with tax incentives, which ultimately gets passed on to the local community. But the community does also benefit from those other things i mentioned above, but how much isnt as tangible as “my property tax went up x% to pay for their stadium”
I think it has been found time and again that the math doesn’t work out. Like other businesses, they get cities to bid each other under the table to the point that the increase in tax revenue doesn’t even come close to the cost. See Amazon and the Olympics for large-scale examples.
Yea when i travel to different cities for games, i buy a ton of shit and stay in their hotels. Ever been to a game? All restaurants and bars are absolutely packed before, after, and during the games
Based on everything I’ve seen and read, there is not much benefit to funding a stadium, and that’s without the owners’ constant threats of leaving if they dont get more blackmail money.
Yes, but i also get it. If you want to build a stadium very near the city, thats going to cost more than if you build out in the middle of no where. The city, and surrounding businesses want the stadium close to them becuase it drives business at the local shops/hotels/restaurants, which then also drives increased tax revenue.
The way the city incentivizes the owners to build near them is with tax incentives, which ultimately gets passed on to the local community. But the community does also benefit from those other things i mentioned above, but how much isnt as tangible as “my property tax went up x% to pay for their stadium”
I think it has been found time and again that the math doesn’t work out. Like other businesses, they get cities to bid each other under the table to the point that the increase in tax revenue doesn’t even come close to the cost. See Amazon and the Olympics for large-scale examples.
Ever walk around outside the stadium and by shit? Food, items, things?
I recently walked around Mercedes stadium in Atlanta and that isn’t the best neighborhood…
Yea when i travel to different cities for games, i buy a ton of shit and stay in their hotels. Ever been to a game? All restaurants and bars are absolutely packed before, after, and during the games
Based on everything I’ve seen and read, there is not much benefit to funding a stadium, and that’s without the owners’ constant threats of leaving if they dont get more blackmail money.