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
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.