I'm far from being a libertarian, or even a right-winger, but public subsidies for privately owned stadia are total extortion of the people, second only to what the banking industry pulled on us all in 2008,sports blog.
The old argument that stadia provide tax revenue and jobs has become increasingly obsolete as the costs to build or renovate a stadium have skyrocketed beyond what can be recouped while the owner reaps all the direct benefits,nfl football. The amount of debt being placed on the municipal and state level across the country is obscene, and the only true benefactors are franchise owners, who will pout and threaten to relocate if they don't get what they want, like the aristocratic babies they are,nfl football.
As a San Diego fan I can attest that if your stadium is not up to standards you will not get a sniff at another Super Bowl. We've gone over 10 years without a Super Bowl despite the country's best weather.
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