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[Seattle Times] 15 years after moving Sonics, now it’s the Thunder asking for publicly funded arena (www.seattletimes.com)

submitted 1 year ago by Attention4Sale@alien.top to c/nba@nba.space

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[–] token_reddit@alien.top 1 points 1 year ago

This won't be popular. But, they usually are not owned by the team. It's owned by the city and they take money off the top for concerts, etc. They just subsidize the crap out of the Arena for the "anchor" tenant which is usually an NBA or NHL team by giving them handouts. Stadiums wouldn't be built if they didn't make money for the surrounding businesses. Field of Schemes and a lot of anti-arena people don't understand or only paint a narrative otherwise. Also people don't get up in arms when cities lure companies with subsidies too. There's more to it.