The one reason I know about is tax rebates/forgiveness in order to get businesses to move into a community. The rest of what local governments give businesses probably springboards from that.
It brings in revenue for the state economy, so in an ideal world that money is an investment into the amenities available and the comfort of the team etc. to bring in tourism and get people to buy from businesses in the area
Someone always wins and someone always loses. Often times they claim that it'll ease the local tax burden on residents but that doesn't really pan out.
It creates a shit ton of traffic for locals. In NJ there is a giants/jets football stadium, a redbulls soccer stadium, and a devils hockey stadium all within like 5 miles of each other.
Hotels may make some money, but those are usually huge chains and most people commute to games and don't stay at hotels for the games unless it's like a world cup or something.
Local bars may make money but that's a few businesses and doesn't really help all that many people.
the state gets tax revenue from player salaries (except in states with no income tax) and the salaries of the employees associated with the projects.
People have done calculations, but you have to imagine these kinds of projects have a ton of gift.
Construction of the facilities does help a lot between carpenters, electricians, construction workers, plumbers, painters, and many more getting steady work at high rates, though, and it does give a state/city status so to speak.
No money for sports. Too much sports activity, and all this soccer, and hockey and baseball for kids is ruining family life. I met a family that could not schedule a much needed counseling session because: Muh kids' sports. Too much sports! Tell the kids, "Go outside and play!"
Yeah I started typing away on my phone and got absorbed in it.
Then there is also tax abatement vs actual funding by cities for the structure. Sometimes the funding involves the city owning rights to the structure to also host all sorts of other events to draw more people and add to that "spirit of the city." By hosting concerts and all sorts of other events.
Real Madrid's stadium is fucking bold with its plans. They are working on adding a pitch removal system which breaks the pitch surface off into parts and stores them underground (with insane maintenance like irrigation system, lighting system, etc to keep the grass healthy) allowing the soccer stadium to host ALL SORTS of other things since you don't have to worry about the grass surface.
Check this teaser they released that shows it in full glory
Those facilities do not create revenue. They merely suck money from surrounding regions to fund the democrat run shithole metropolitan regions. Wealth transfer; not wealth creation.
Consider the revenue from a perspective that measures the net profit for the tax paying citizens of big-sports communities, weighed against all of the real world costs used to maintain the behemoth facilities.
Real cost vs. revenue profit evaluations are nearly impossible quantify due to many complex, and intangible variables. There are underlying reasons behind certain correlations noted between pro-sports metropolitan cities, and non-dome cities.
Before I start to ramble, I will cut it short by simply suggesting that most of the troubles found in big-sport metro areas are self created problems caused by poor money management, and investments made with tax payer money.
Politicians always want to do stuff to expand, expand, expand dat phat tax payer pot of gold with promises of "increased tax revenue," as if that's a great deal for citizens. Spoiler- it's a terrible deal for the Joe Average tax paying citizen to have to pay to build that privately controlled bullshit, and then foot the costs of infrastructure expansion, maintenance, and other costs associated with localized population density issues (overloaded infrastructure, etc.) to keep these sports arenas operational. Terrible deal. Those are private business facilities, and they are not entitled to tax money.
If teams were any good they would want to build it themselves. That is what the SF Giants did. Why are taxpayers footing the bill for professional sports?
Why do these teams even get so much money from the govt regardless of their political stance?
The one reason I know about is tax rebates/forgiveness in order to get businesses to move into a community. The rest of what local governments give businesses probably springboards from that.
It brings in revenue for the state economy, so in an ideal world that money is an investment into the amenities available and the comfort of the team etc. to bring in tourism and get people to buy from businesses in the area
Is it ever a win for the state?
Someone always wins and someone always loses. Often times they claim that it'll ease the local tax burden on residents but that doesn't really pan out.
It creates a shit ton of traffic for locals. In NJ there is a giants/jets football stadium, a redbulls soccer stadium, and a devils hockey stadium all within like 5 miles of each other.
Hotels may make some money, but those are usually huge chains and most people commute to games and don't stay at hotels for the games unless it's like a world cup or something.
Local bars may make money but that's a few businesses and doesn't really help all that many people.
the state gets tax revenue from player salaries (except in states with no income tax) and the salaries of the employees associated with the projects.
People have done calculations, but you have to imagine these kinds of projects have a ton of gift.
Construction of the facilities does help a lot between carpenters, electricians, construction workers, plumbers, painters, and many more getting steady work at high rates, though, and it does give a state/city status so to speak.
No money for sports. Too much sports activity, and all this soccer, and hockey and baseball for kids is ruining family life. I met a family that could not schedule a much needed counseling session because: Muh kids' sports. Too much sports! Tell the kids, "Go outside and play!"
Yeah I started typing away on my phone and got absorbed in it.
Then there is also tax abatement vs actual funding by cities for the structure. Sometimes the funding involves the city owning rights to the structure to also host all sorts of other events to draw more people and add to that "spirit of the city." By hosting concerts and all sorts of other events.
Real Madrid's stadium is fucking bold with its plans. They are working on adding a pitch removal system which breaks the pitch surface off into parts and stores them underground (with insane maintenance like irrigation system, lighting system, etc to keep the grass healthy) allowing the soccer stadium to host ALL SORTS of other things since you don't have to worry about the grass surface.
Check this teaser they released that shows it in full glory
https://youtu.be/epef95O-EwY
The labels are in Spanish but you will have no problem understanding it.
Yeah I noticed it was the handshake version of you, but carried on with the conversation :P
u/#correct
Zeltreise - why do you keep getting 'down voted'? It's not like you are a doomer or something.
Those facilities do not create revenue. They merely suck money from surrounding regions to fund the democrat run shithole metropolitan regions. Wealth transfer; not wealth creation.
Tourism creates revenue and it is a fact that stadiums like these are tourism powerhouses. It is a fact that requires no biases.
Where that revenue goes is a potentially different story.
Consider the revenue from a perspective that measures the net profit for the tax paying citizens of big-sports communities, weighed against all of the real world costs used to maintain the behemoth facilities.
Real cost vs. revenue profit evaluations are nearly impossible quantify due to many complex, and intangible variables. There are underlying reasons behind certain correlations noted between pro-sports metropolitan cities, and non-dome cities.
Before I start to ramble, I will cut it short by simply suggesting that most of the troubles found in big-sport metro areas are self created problems caused by poor money management, and investments made with tax payer money.
Politicians always want to do stuff to expand, expand, expand dat phat tax payer pot of gold with promises of "increased tax revenue," as if that's a great deal for citizens. Spoiler- it's a terrible deal for the Joe Average tax paying citizen to have to pay to build that privately controlled bullshit, and then foot the costs of infrastructure expansion, maintenance, and other costs associated with localized population density issues (overloaded infrastructure, etc.) to keep these sports arenas operational. Terrible deal. Those are private business facilities, and they are not entitled to tax money.
The average Joe cares more about sportsballs than the country and their community.
Because they bring in a TON of money in tax revenue. In most cases, they're a very good investment for the state/county.
I think it's because it's part of the 'bread and circuses' .gov loves so much. They're paid/subsidized by the military too.
All of these mega sports facilities are govt. sanctioned grifting of the American tax payer, and all of it needs to be stopped.
Damn, DeSantis is an Alpha!
A baseball team has political stances. What a time to be alive
Fuck around... Find out...
It should be vetoed because it is criminal misuse of public money to benefit a private entity.
This guy is 10000000% legit! 🙇🏼♀️
If teams were any good they would want to build it themselves. That is what the SF Giants did. Why are taxpayers footing the bill for professional sports?
LOL now they will really have something to cry about.
More like the Devil Gays, amirite? kek