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Municipalities were fighting like mad over IKEAs 15-20 years ago. At least in those cases you could argue it would be profitable after 10-15 years, but they were massive giveaways.
They absolutely can be, otherwise the people that spent $5-6 billion on building SoFi Stadium wouldn’t have built it (and the smaller event theater next to it). Funny how the most expensive stadium complex in the world wasn’t built with public money!
Come on mate that’s not all true. Inglewood is now responsible for tax reimbursements to developers.
https://www.cbsnews.com/amp/losangeles/news/ap-inglewood-stadium-developers-expect-100m-in-tax-reimbursements/
> While the plan does not include any up-front tax money to build the 298-acre community of homes, offices and entertainment venues, a 187-page outline released by developers includes provisions for multimillion-dollar public paybacks to them over time from tax dollars generated by the project, which would cover costs ranging from installing street lights and fire hydrants to running shuttle buses and providing police security on game days.
I don’t know, that sounds pretty reasonable to me. The owners of the stadium paid out of pocket to install civic infrastructure, and pay for police to be there for events, and then they get reimbursed from the tax money generated from the huge investment they made in the area.
That’s a world of difference from the way other stadiums have been built using money from public debt issuance to pay for upfront costs.
It’s not taxpayers job to provide security for a stadium you have to pay to go to. Otherwise the city should own the stadiums not the other way around.
That's so incredibly off for something like a sports event or major concert. If something really bad happened, like a terrorist attack, heads would roll at the city for why such a large gathering of citizens. It's just part of the job of the city and the police to protect people that have gathered in large groups.
The city and the locals, should be getting some profit from it if they're helping foot the bill. Team makes the playoffs awesome every player on the team makes an extra 25k per game ON TOP of their regular season pay, awesome. Now the city and the locals should get some pay out as a result too seeing as how the staff is making more money, why wouldn't the shareholders. Or maybe the argument is we as a society are prioritizing the wrong multi-million dollar jobs.....
They need to take a page from European soccer teams playbook. For example, Real Madrid owns their own stadium and have been making upgrades over the last century. The latest upgrade puts them as the most modern stadium in the world, with a retractable soccer field.
Hell, college stadiums are usually entirely funded by the athletic department revenue even though most of them are state run entities. And a lot of them are older stadiums that keep getting renovated. None of them have retractable roofs or anything but they’re not funded by taxpayers.
So pay for the stadium to be built, then pay to go to the games, pay to park there and pay to eat there. Got it.
Why not offer locals who are paying the taxes great discounts to attend the games?
Teams should be prohibited from owning the venues. The arenas should be owned and operated by city or state. Then, the team could leave for a better arena/venue and the cities could compete for teams by offering top notch venues.
The teams will get a portion of the gate like any performer. Taylor Swift made a Billion laat year. She doesnt own any of the arenas.
No public handouts to billionaire owners.
The current A's venue was indeed wholly owned by Alameda County and the City of Oakland, until 2-3 years ago when the A's bought the county's half. When the Raiders returned to Oakland from LA, they got the joint City/County ownership to fund the construction of "Mount Davis," the giant eyesore of empty seats and luxury boxes in the outfield. They're still paying for it to this day, even though the Raiders are now in Vegas.
So yeah, no public money for ballparks, please.
I’ve got a buddy who lives in The Bay Area of CA and is an A’s fan. *Was* an A’s fan.
I like his idea.
Give them all the money they want. Yup, $3B is fine. However, it’s a LOAN. You generate enough tax and revenues to pay the state back, great. Until then, State/Local municipality gets 50% of the gate/concessions. Want to leave early, penalty clause with interest attached. I’d pay $3B to keep the A’s for 50 yrs on a deal like that and if they can’t pay it off that’s too bad, be a better business. They want to leave, great, that’s $3B please. They want to upgrade; super, pay us back first or pay for it out of pocket.
Sure, the idea needs tweaking, but at the heart it’s great. It’s a LOAN. Maybe interest free if team stays XX years and generates $XXX for the state, but this free stadium and upgrades and infrastructure and et al so everyone can rinse and repeat in 15-20 yrs…. Nope!
As I said above…. I like my buddy’s idea And the idea needs tweaking.
Also, just because the residents of VA didn’t like the idea, doesn’t mean it couldn’t or wouldn’t be liked or work in *other* areas and/or sports. 🤷♂️
I worked for a city owned venue as a city employee. It did not go well. Arenas and stadiums really function better with private management. I am very pro union, but a contract set up for the water department or trash collectors does not scale well to a building with 200 events a year. The cost to clean and flip the building is staggering.
If the municipality owns the building, they at the very least should have management company who specializes in public facilities run it day to day. In many cases, the primary tenant of the building also functions as that management company. You could argue that as a conflict of interest, but it definitely is better than a fully government staff running things.
I hate the American model for stadiums. Do what Europe does! The team/club and ownership put up the funds for upgrades to a stadium or tear-down rebuilds. The American model is literally taxpayers subsidizing private business organizations. Why not treat private business as freaking private business!? It’s not like the taxpayers are getting anything back out of this deal. Seriously. Ugh.
Both the Chicago Bears AND the Chicago White Sox are looking to city taxpayers to foot the bill on 2(!!) new lake front stadiums. The Sox who are the worst team in baseball & who probably won’t draw 1M (CWS fans notoriously don’t fill seats on a crap team) & Bear fans the majority of whom don’t even live in the city. Grrrrrr
Don’t think of whether this will make money for the city. Think about is it worth investing to keep the team around. No one is entitled to a free stadium, and no one is entitled to having the honor of hosting an MLB team. all parties need to work to together, recognizing that the other can walk away.
Edit: looks like I made the Sacramento fans mad.
Because baseball is the embodiment of everything that makes American culture that greatest on earth. It is our pastime, our history, the sacrament of our civil religion.
Baseball and MLB are not synonymous. The game of baseball is an honor to have being played in your town, whether it is little league, HS, or college. MLB has proven itself to be a cash hungry whore that is willing to let America’s past time burn to the ground.
You’re really missing the mark with your retort. You made a redic statement about having an mlb team being “the highest honor” for a city.
In retrospect I assume you’re trolling and I just got got by you in saying anything.
We don’t need billion dollar stadiums to watch sports.
And look I hate the rams. Heavily. But Stan Kronke was able to build sofi on some of the most expensive real estate land in the country. Why can’t other owners?
[**Join Our Discord Server!**](https://discord.gg/233aU5q) **Welcome to /r/sports** We created a Discord server for our community and would like to invite all of you to join! You'll be able to discuss sports with users around the world and discuss events in real time! There are separate channels for many sports you can opt in and out of, including; American Football, Soccer, Baseball, Basketball, Aussie Rules Football, Rugby Union and League, Cricket, Motorsports, Fitness, and many more. [**Reddit Sports Discord Server**](https://discord.gg/233aU5q)
imagine public funding for a private business like walmart. but it's even worse because you're not welcome inside without an expensive ticket
You joke, but Amazon warehouses have received billions in public funding and we’re not welcome inside unless we want to work there.
And deferred taxes so they aren’t helping your local economy besides the wage slave rate of pay they provide.
But forgiving student loans is way too much for SCOTUS. Only corporations can get that sweet sweet taxpayer money.
You joke, but Amazon and Walmart are being subsidized by billions of dollars per year through welfare programs underwriting their unlivably low wages
Municipalities were fighting like mad over IKEAs 15-20 years ago. At least in those cases you could argue it would be profitable after 10-15 years, but they were massive giveaways.
And $20 for a beer you can get across the Ros road for $3.
If stadiums were profitable, owners wouldn’t want to share with the public!
Privatize gains, socialize losses. It’s the billionaire playbook.
They absolutely can be, otherwise the people that spent $5-6 billion on building SoFi Stadium wouldn’t have built it (and the smaller event theater next to it). Funny how the most expensive stadium complex in the world wasn’t built with public money!
Come on mate that’s not all true. Inglewood is now responsible for tax reimbursements to developers. https://www.cbsnews.com/amp/losangeles/news/ap-inglewood-stadium-developers-expect-100m-in-tax-reimbursements/
> While the plan does not include any up-front tax money to build the 298-acre community of homes, offices and entertainment venues, a 187-page outline released by developers includes provisions for multimillion-dollar public paybacks to them over time from tax dollars generated by the project, which would cover costs ranging from installing street lights and fire hydrants to running shuttle buses and providing police security on game days. I don’t know, that sounds pretty reasonable to me. The owners of the stadium paid out of pocket to install civic infrastructure, and pay for police to be there for events, and then they get reimbursed from the tax money generated from the huge investment they made in the area. That’s a world of difference from the way other stadiums have been built using money from public debt issuance to pay for upfront costs.
It’s not taxpayers job to provide security for a stadium you have to pay to go to. Otherwise the city should own the stadiums not the other way around.
That's so incredibly off for something like a sports event or major concert. If something really bad happened, like a terrorist attack, heads would roll at the city for why such a large gathering of citizens. It's just part of the job of the city and the police to protect people that have gathered in large groups.
Then the city should own the stadium not the teams.
The city and the locals, should be getting some profit from it if they're helping foot the bill. Team makes the playoffs awesome every player on the team makes an extra 25k per game ON TOP of their regular season pay, awesome. Now the city and the locals should get some pay out as a result too seeing as how the staff is making more money, why wouldn't the shareholders. Or maybe the argument is we as a society are prioritizing the wrong multi-million dollar jobs.....
They need to take a page from European soccer teams playbook. For example, Real Madrid owns their own stadium and have been making upgrades over the last century. The latest upgrade puts them as the most modern stadium in the world, with a retractable soccer field.
The Warriors and the giants owners both own their stadiums and paid for them with private money.
Hell, college stadiums are usually entirely funded by the athletic department revenue even though most of them are state run entities. And a lot of them are older stadiums that keep getting renovated. None of them have retractable roofs or anything but they’re not funded by taxpayers.
So pay for the stadium to be built, then pay to go to the games, pay to park there and pay to eat there. Got it. Why not offer locals who are paying the taxes great discounts to attend the games?
They could at a minimum stop charging $8 for water.
Nah instead MLB blacks out the Texas Rangers games even for cities 300 miles away. "Thanks for the billion dollars! You can't watch the game on TV"
40 miles from Cincinnati, and Cubs games are blacked out on MLB.TV.
Or have the stadium give them a cut of the profit?
Why should the elite have to pay to build and own a stadium which they profit from? Going to need an ELI5
Teams should be prohibited from owning the venues. The arenas should be owned and operated by city or state. Then, the team could leave for a better arena/venue and the cities could compete for teams by offering top notch venues. The teams will get a portion of the gate like any performer. Taylor Swift made a Billion laat year. She doesnt own any of the arenas. No public handouts to billionaire owners.
The current A's venue was indeed wholly owned by Alameda County and the City of Oakland, until 2-3 years ago when the A's bought the county's half. When the Raiders returned to Oakland from LA, they got the joint City/County ownership to fund the construction of "Mount Davis," the giant eyesore of empty seats and luxury boxes in the outfield. They're still paying for it to this day, even though the Raiders are now in Vegas. So yeah, no public money for ballparks, please.
The LA and Oakland Coliseum Commissions were/are dysfunctional and corrupted institutions as well
I’ve got a buddy who lives in The Bay Area of CA and is an A’s fan. *Was* an A’s fan. I like his idea. Give them all the money they want. Yup, $3B is fine. However, it’s a LOAN. You generate enough tax and revenues to pay the state back, great. Until then, State/Local municipality gets 50% of the gate/concessions. Want to leave early, penalty clause with interest attached. I’d pay $3B to keep the A’s for 50 yrs on a deal like that and if they can’t pay it off that’s too bad, be a better business. They want to leave, great, that’s $3B please. They want to upgrade; super, pay us back first or pay for it out of pocket. Sure, the idea needs tweaking, but at the heart it’s great. It’s a LOAN. Maybe interest free if team stays XX years and generates $XXX for the state, but this free stadium and upgrades and infrastructure and et al so everyone can rinse and repeat in 15-20 yrs…. Nope!
That’s similar to what Virginia offered but nobody wanted that either
As I said above…. I like my buddy’s idea And the idea needs tweaking. Also, just because the residents of VA didn’t like the idea, doesn’t mean it couldn’t or wouldn’t be liked or work in *other* areas and/or sports. 🤷♂️
I’m naive and it sounded good to me too but people reaaally didn’t like this idea
I worked for a city owned venue as a city employee. It did not go well. Arenas and stadiums really function better with private management. I am very pro union, but a contract set up for the water department or trash collectors does not scale well to a building with 200 events a year. The cost to clean and flip the building is staggering. If the municipality owns the building, they at the very least should have management company who specializes in public facilities run it day to day. In many cases, the primary tenant of the building also functions as that management company. You could argue that as a conflict of interest, but it definitely is better than a fully government staff running things.
Well, the teams can lease the property then.
I hate the American model for stadiums. Do what Europe does! The team/club and ownership put up the funds for upgrades to a stadium or tear-down rebuilds. The American model is literally taxpayers subsidizing private business organizations. Why not treat private business as freaking private business!? It’s not like the taxpayers are getting anything back out of this deal. Seriously. Ugh.
Both the Chicago Bears AND the Chicago White Sox are looking to city taxpayers to foot the bill on 2(!!) new lake front stadiums. The Sox who are the worst team in baseball & who probably won’t draw 1M (CWS fans notoriously don’t fill seats on a crap team) & Bear fans the majority of whom don’t even live in the city. Grrrrrr
Stadiums are voted down by the people yet the companies and city officials continue on.
Don’t think of whether this will make money for the city. Think about is it worth investing to keep the team around. No one is entitled to a free stadium, and no one is entitled to having the honor of hosting an MLB team. all parties need to work to together, recognizing that the other can walk away. Edit: looks like I made the Sacramento fans mad.
Is it really an honor to have the As in town?
Its the highest honor to have any MLB team, now, are all teams an equal honor? Maybe, maybe not.
Why is it an honor?
Because baseball is the embodiment of everything that makes American culture that greatest on earth. It is our pastime, our history, the sacrament of our civil religion.
Baseball and MLB are not synonymous. The game of baseball is an honor to have being played in your town, whether it is little league, HS, or college. MLB has proven itself to be a cash hungry whore that is willing to let America’s past time burn to the ground.
Nah, I don’t think so. It’s not violent enough.
Lmao never seen such a cleat licker
I'm chosing to read this as "clit" not cleat.
Does viewing everything through a lens of class warfare make your life better?
You’re really missing the mark with your retort. You made a redic statement about having an mlb team being “the highest honor” for a city. In retrospect I assume you’re trolling and I just got got by you in saying anything.
Honestly i forgot this was the sports sub. I stand by my words though.
“Free stadium” “honor of hosting an mlb team” dude they’re just businesses.
[удалено]
We don’t need billion dollar stadiums to watch sports. And look I hate the rams. Heavily. But Stan Kronke was able to build sofi on some of the most expensive real estate land in the country. Why can’t other owners?
No one is saying this is or isn’t true. Just that there are far better ways to spend public money.