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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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I will never understand why public funds should pay for >50% of the funds for a privately owned sports clubs arena
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.
the "brings in local jobs" argument only makes sense when you consider that most political terms are 2 or 4 years. The opportunity to immediately "add" 1000+ construction jobs for 18 months is relatively easy compared to building up sustainable long-term industries.
And the minimum wage jobs for working concessions and security/ushering it brings during the season is not really something to celebrate as a great return on investment. Besides, those jobs also already exist at the current stadium/arena.