Quote (dragoneth @ Aug 1 2021 12:25pm)
"i need you the public to make me a free 1.1 billion stadium so that i can profit from it by selling you the public tickets "
sounds legit ...why do rich people think they can do this kind of stuff build your own damn stadium you fuckin twat
because they often succeed lol. wings, pens, coyotes, oilers, jets all were built on the taxpayer's dime to varying extents. quebec city even built an arena on the prospect of luring an NHL team eventually, funded by both local and provincial taxpayers.
even when it's not outright handing over money the investments are almost always terrible because cities rarely get gate revenue and must rely on stuff like new property tax or parking revenue... except the money they loaned or deferred could've been spent on literally anything else like schools, roads, transit, utilities, fuck even outright tax breaks would be better.
taxpayers get baited because owners will pitch "revitalization" projects in poorly developed or ran-down parts of the city but again, they miss the opportunity cost of doing literally anything else with the money that could've achieved the same goal.