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[Seattle Times] 15 years after moving Sonics, now it’s the Thunder asking for publicly funded arena
(www.seattletimes.com)
this post was submitted on 20 Oct 2023
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This is one of the biggest taxpayer rip-offs in the country. Under the guise of the limited jobs it creates. Study after study proves what a rip-off it is. New York taxpayers are about to foot 1 billion so the Bills can keep coming up short of expectations.
no one realistically expects anything from the bills
The fact that it's coming from the state and not the municipality is the truly wild part of the Buffalo stadium deal. It's one thing if the money's coming from the area because, even if they're still atrocious "investments" when it comes to public funding, at least it's still the people that will gain whatever benefits there are to be had from having a stadium and NFL team. The vast majority of NY state taxes come from NYC, though, and I feel damn confident saying that at least 99% of NYC residents are literally never going to see any benefit in the slightest. That's next level fucked, IMO.
I would be thrilled if 0 tax dollars went to a new Bills stadium.
There's very little musicians left who can draw crowds big enough to fill these places up. Especially in poor smaller markets. Then the NFL stadiums which are custom built for 8 home games a year.
I think the one or two preseason games make up the difference /s
8 games a year unless one of your home games is moved to Europe or Mexico.
Also preseason and maybe playoffs.
When I lived in NY the cable company would advertise that they had all NY sports teams, which included the NJ Nets and not the Bills
people were pissed at aoc for refusing to fund a new amazon lol
Hello I pay NYC taxes and the Bills can go fuck themselves
I mean they are the only team that plays in New York so maybe it’s not a big ask.
Imagine paying what it costs to live in NYC and watching a bunch of idiots use your money to jump through a table at their brand new stadium.
We downstaters already subsidize upstate enough, let Western NY pay for their own fucking stadium.
Dumbasses won’t even be able to host a Super Bowl either cause it’ll be open air! The whole point of the new stadiums is to get in the SB circuit. They’ll never host an outside SB in the winter in Buffalo.
Remember Amazon HQ2? Most waste of government resources in a probably a generation
I remember they threatened to leave NYC and then just hired even more people since.
Huh?
They did pull the planned HQ2 from NYC. They added a fulfillment center with like 1,500 jobs instead.
That’s about 1/10th of the jobs lost from HQ2 pulling out.
The HQ2 in Virginia has about 10x as many jobs as that already, and plans to double them over the next decade.
It's not a ripoff every study is done after the fact of a franchise being in the community for years. Its effects can't be measured on an economic basis because its business is limited to itself. Its value is based of a social and cultural aspect. When OKC was trying to get companies like Boeing, Amazon and other Tech companies in the medical field they were worried about coming there because they had nothing to attract youth and young people to move or come here. They were worried about Brain Drain( when Young college graduates leave an area). Since the Thunder have came in 2008 the amount of companies and population has increased to where OKC used to be in the top 40 in population to now where in the 20s. This study has been done by OKC Chamber of commerce and Oklahoma City their effect is a collateral effect and not a direct effect. There hasn't been a study of a city that hasn't had a franchise to getting one. One thing that is certain is that every place that has complained about paying for a new arena and lost a franchise always pays for a new one to get back another franchise facts.
The Oklahoma City Chamber of Commerce put out a study that promotes Oklahoma City? Okay. I can point to multiple studies by University of Michigan, Brookings Institute, and on and on that says the economic benefits are not realized. If you want to argue that it makes a city more appealing, maybe. However, when a team leaves people generally find something else to do. You are talking about a minuscule percentage of a population that fits into an arena. Just because people desire a sports franchise, like Baltimore bringing back football, doesn’t necessarily mean it equates to better economics. That can be tracked. And it has been shown to not economically benefit areas all that much.
It’s not just sports teams. Big companies do this too. They get tax breaks and cash incentives. It should just be outlawed.
They do the same shit for Amazon warehouses. Build here and pay no taxes, oh and we'll help you build it!
Just what we need in 2023, $15 hr jobs to bolster the economy.
Hahahahaha wait til you learn who’s not paying any or paying extremely low property taxes in your city. Hint: any big corporation that recently moved there, private high schools, colleges, golf courses, malls, etc.
Not like I don’t know companies get tax breaks. Not really news. Also doesn’t make the main example the right thing to do.
Every single time a private company engages in a compromise with the supposed government it is a poor idea for the populace. A single entity has chosen to go against the majority. So ask yourself why you ever have a private corporation.